Media report:鈥淗engda New Material: Second quarter business performance improved, overseas business development continued to promote international competitiveness鈥滭/p>
Release time
2024-10-11
In recent years, with the in-depth implementation of the nationwide plastic restriction and the standardized transformation and upgrading of downstream industries, coupled with the continuous promotion and application of the final sterilization mode in the field of medical devices, replacing traditional plastic packaging with paper-based materials has become a significant development trend in the domestic medical and food disposable packaging industry. As a leading enterprise in the field of special paper base paper, Hengda New Material (301469.SZ) business is in line with this market demand, and it also ushered in its own further growth while helping the green development of the industry.
It is understood that the main business of Hengda New material is the research and development, production and sales of special paper base paper, the company's products including medical and food packaging base paper, industrial special paper base paper and cigarette base paper and other fields, of which medical and food packaging is the company's core business. According to the company's recently released semi-annual report, in the first half of 2024, Hengda New Material achieved a total operating income of 508 million yuan, and achieved a net profit of 39.2079 million yuan. During the reporting period, the company's overall operating performance was good, and the revenue scale increased by 32.06% over the same period last year.
Operating performance improved in the second quarter
Deep technology research and development to build core competitive advantages
In terms of the performance of a single quarter, Hengda new Material achieved a total operating income of 254 million yuan in the second quarter of this year, showing a trend of improvement year-on-year. In the same period, the company achieved net profit attributable to shareholders of listed companies of 22.52 million yuan, an increase of 34.99% compared with the first quarter. At the same time, the company's overall gross margin also rose from 12.25% in the first quarter to 15.79% in the second quarter, and its profitability was further strengthened.
According to the company's disclosure, Hengda's new material product structure continues to optimize, and the company's current business is mainly based on medical and food packaging base paper. From the perspective of the latest advancement of the business, in the medical packaging base paper positioned in the high-end market, Hengda New material has jointly developed with supply chain partners, and there are new products in the verification cycle. In terms of food packaging base paper, the company's PFAS-free greaseproof paper products are currently at a leading level.This is inseparable from the company's long-term deep cultivation in the field of technology and product research and development. It is understood that as a national high-tech enterprise, Hengda new Material has always attached great importance to product technology research and development and innovation. According to the data, by the June 30, 2024, the company had 42 patents, including 37 invention patents.
International competitiveness continues to improve
Overseas expansion will be an important growth point in the future
While maintaining good development in the domestic business, Hengda New Material is also continuously strengthening its overseas competitiveness, and continue to accelerate the expansion of overseas business. According to its reply to investors, in the first half of this year, the company's exports were mainly concentrated in the Southeast Asian market. At present, it is in the stage of establishing sales channels and developing markets. Based on the competitive advantages of the company such as brand and quality, the company's development plan for overseas markets is progressing smoothly.
Industry insider analysts pointed out that after years of development, Hengda new material products in the industry has a wide range of visibility and good brand image, its products have been in a number of well-known foreign enterprises in the terminal application, which has established a certain degree of recognition for its in the international market. At the same time, in terms of quality, the company has passed ISO9001:2015 quality management system and other certifications, and its products have met all kinds of mainstream product quality and safety standards in Europe and the United States, including RoHS, REACH, FDA, etc. It is expected that in the future under the double support of quality assurance and brand advantages, the company's international market development will be worth looking forward to.
Source锛歋ecurities Market Weekly
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