On July 26, Huitong New Materials released the second semi-annual report of the Beijing Stock Exchange in 2024: during the reporting period, the company achieved operating income of 103 million yuan, a year-on-year increase of 16.57%; The net profit attributable to the parent company was 186.614 billion yuan, a year-on-year increase of 28.46%.
At the same time, the performance forecast of the Beijing Stock Exchange company is also continuing, including 13 companies such as Patel, Huilong Piston, Guangsha Huaneng, etc., which are basically performance growth or turnaround, the reason is, on the one hand, because "beautiful girls marry first", companies with better performance tend to post "report cards" earlier; On the other hand, the phenomenon of frequent good news in the performance forecast of companies on the Beijing Stock Exchange is also the joint result of the recovery of the market environment, the innovation drive of enterprises and the improvement of industry trends. It is worth mentioning that a number of companies on the Beijing Stock Exchange have achieved rapid growth in performance by continuously increasing R&D investment and promoting technological innovation and product upgrading.
Huitong New Materials relay good news
After Langhong Technology released the first semi-annual report of the Beijing Stock Exchange in 2024, Huitong New Materials relayed good news on July 26: during the reporting period, the company achieved operating income of 103 million yuan, a year-on-year increase of 16.57%; The net profit attributable to the parent company was 186.614 billion yuan, a year-on-year increase of 28.46%. In the second quarter of 2024, the company achieved operating income of 55.0767 million yuan, a year-on-year increase of 24.56%; The net profit attributable to the owners of the parent company was 10.2999 million yuan, a year-on-year increase of 40.41%.
Since its establishment, Huitong New Materials has been focusing on the manufacturing of metal fibers and their products, mainly engaged in the research and development, production and sales of metal fibers and their products. After years of technology research and development, the company has become one of the leading metal fiber and product manufacturers in China. According to reports, the company's independent research and development of metal fiber manufacturing technology is leading in China, which can produce a variety of metal fibers with different compositions, cores, diameters, and technical parameters, and is made of metal fiber felt, burner, metal yarn, hair heat, metal fabric, conductive plastic and other metal fiber products through different processing techniques, which are widely used in filtration, low-nitrogen combustion, information leakage prevention and human protection, glass processing, flexible low-voltage electric heating materials, composite materials, etc., and the product demand in different fields is significantly different. The technical level and manufacturing process requirements are high, and the specific downstream application fields of the company's products include chemicals, chemical fibers, textiles, environmental protection, automobiles, electronics, military, heating, etc.
Huitong New Material Co., Ltd. is a state-level specialized, special and new key "little giant" enterprise and high-tech enterprise, and has been recognized as Hunan Provincial Engineering Technology Research Center for Metal Fiber and Products. The company has a R&D team with professional knowledge and skills, mastered 6 core technologies, and has obtained 21 patents as of the end of the reporting period, including 10 invention patents, 11 utility model patents and 1 design patent. In addition, two invention patents are in the substantive examination stage. During the reporting period, the company's export revenue accounted for 31.27%. During the reporting period, the company's gross profit margin reached 35.00%, with good profitability.
Huitong New Materials said that the main profit comes from the sales of metal fibers and their products. Based on the metal fiber and its products industry, with years of research and development accumulation and experience in the industry, the company obtains competitive advantages by continuously optimizing product quality, performance and service, and provides products with good performance and stable quality according to customer needs, and obtains revenue and profits from it.
Previously, the company showcased the latest technologies and applications in the industry with a full range of products at Techtextil & Texprocess 2024 in Frankfurt. The company said that it will continue to provide competitive new technologies and application products to global customers, and empower the sustainable development of the industrial textile and nonwovens industry ecosystem. In the exhibition, its advantageous traditional products and the latest research and development of new products attracted much attention.
Scientific and technological innovation leads the growth of performance
On the other hand, the performance forecast of the Beijing Stock Exchange is also advancing in an orderly manner.
On July 25, Patel released the 2024 semi-annual performance forecast, and the net profit attributable to shareholders of listed companies during the reporting period was 14.6 million yuan - 15.4 million yuan, an increase of 40.28% - 47.97% over the same period last year. Patel said that the reasons for the large increase in profits in the first half of 2024 include: 1. The newly developed products in this period introduce new technologies and introduce new equipment to improve the process, which reduces material costs and increases profits; Second, the product structure has changed, the market share of new products has increased, and the share of products with low profits has decreased.
According to the data, Patel is mainly engaged in the research and development, production and sales of industrial hoses and assemblies and modified engineering plastics. The main products include industrial hoses and assemblies, modified engineering plastics, accessories, etc.; Among them, industrial hoses and assemblies specifically include resin hoses and assemblies, nylon hoses and assemblies, rubber hoses and assemblies, Teflon hoses and assemblies, etc.
Including Patel, there are currently 13 companies on the Beijing Stock Exchange that have announced their results in the first half of the year, with 8 companies forecasting for a slight increase, 2 companies for a slight increase, 2 companies for turning losses and 1 company for continuing profits.
It is worth mentioning that 8 of these 13 companies are national-level specialized and new "little giant" enterprises, accounting for more than 60%. Some analysts believe that the Beijing Stock Exchange, as the main position of serving innovative small and medium-sized enterprises, has a particularly prominent performance of specialized and special new enterprises. These enterprises have achieved rapid growth in performance and continuous improvement of market share by virtue of their technological advantages and innovation capabilities in subdivided fields.
At present, behind the good news of many companies on the Beijing Stock Exchange, innovation-driven has become a key factor that cannot be ignored. In the face of a complex and changeable market environment, some enterprises have increased R&D investment, accelerated the pace of technological innovation, and continuously improved their core competitiveness. Taking Jinbo Biotech as an example, the company's investment in R&D is particularly prominent. The company not only continues to enrich its product layout and enhance its commercialization capabilities, but also continuously expands its product application fields through technological innovation. In 2023, Jinbo Biotech's star product "Weiyimei" will sell more than 570,000 units and successfully enter L'Oréal's supply chain system. Jinbo Biotech is the first recombinant humanized collagen freeze-dried fiber product in the world to be launched, which is the first recombinant humanized collagen raw material that can be used for injection, with originality, international technology leadership and wide application prospects, and has completed a breakthrough from 0 to 1 in the field of recombinant collagen.
Galaxy Securities predicts that Jinbo Biotech's revenue from 2024 to 2026 will be 1.341 billion yuan, 1.799 billion yuan, and 2.199 billion yuan respectively, an increase of 71.80%, 34.17%, and 22.27% year-on-year respectively; The net profit attributable to the parent company was 553 million yuan, 690 million yuan and 845 million yuan respectively, a year-on-year increase of 84.48%, 24.71% and 22.53% respectively.
Another example is Langhong Technology, which released the first semi-annual report of the Beijing Stock Exchange in 2024, the company also focuses on technological innovation and R&D investment, and its R&D investment in the first half of the year increased by 10.72% year-on-year, accounting for 6.85% of operating income. 12 new patents were granted, including 1 invention patent, 10 utility model patents and 1 appearance patent. The acquisition of these patents not only enhances the core competitiveness of the enterprise, but also provides a strong guarantee for its leading position in the anti-theft display industry.
Editor-in-charge: Liang Qiuyan
Proofreading: Wang Chaoquan