Toluene diisocyanate manufacturer News Meirui New Materials: PBS business has completed the construction of sales channels and is one of the key development directions in the future

Meirui New Materials: PBS business has completed the construction of sales channels and is one of the key development directions in the future

Recently, Meirui New Materials has received surveys from a number of institutions. According to the investor relations activity record, Meirui New Materials’ PBS business is currently progressing relatively smoothly, and has completed the construction of sales channels and carried out Market segment development is one of the company’s key development directions in the future.

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The main contents of investor relations activities are as follows:

1. Operating performance in the third quarter of 2023

Answer: The company achieved operating income of 397 million yuan in the third quarter, a year-on-year increase of 6.69%, net profit attributable to the parent company of 18.24 million, a year-on-year decrease of 28.13%, and non-net profit of 17.09 million yuan, a year-on-year decrease of 11.76%. In the first three quarters, the cumulative operating income was 1.116 billion yuan, a year-on-year decrease of 4.24%, the net profit attributable to the parent company was 69.48 million, a year-on-year decrease of 14.17%, and the non-net profit after deduction was 65.83 million yuan, a year-on-year increase of 3.17%.

2. The company’s gross profit in the third quarter remained stable compared with the second quarter, but financial expenses and R&D expenses increased significantly, resulting in a decline in profits. Can you please introduce the specific reasons?

Answer: Financial expenses are mainly divided into interest income and interest expenses. The interest income in the third quarter decreased compared with the second quarter, mainly due to the difference in the settlement time of deposit interest; the increase in interest expenses was due to the increase in bill discount expenses in the third quarter. The increase in R&D expenses is due to the fact that the company attaches great importance to R&D and innovation, continues to increase R&D investment, conducts targeted product R&D and technical reserves for the market, continuously improves the performance of existing products, and continues to launch high-tech products that meet market and customer needs.

3. Regarding the future new production capacity of TPU, which downstream application fields does the company have confidence in in the future?

Answer: The foamed TPU independently developed by the company is an emerging application of TPU in the field of shoe materials. It has the characteristics of light weight and high resilience, and is easy to process downstream.
It is usually used as the midsole of sports shoes and has good market development prospects. At present, the company’s foamed TPU products have reached cooperation with well-known domestic sports brands in the field of shoe materials, and are also actively developing new market channels. In addition, the company’s independently developed PBS material is a fully biodegradable material with excellent heat resistance, processability and mechanical properties. At present, the company’s PBS business is advancing relatively smoothly. It has completed the construction of sales channels and developed market segments, which is one of the company’s key development directions in the future.

4. What is the company’s expected capacity utilization rate after the new TPU production capacity is put into production?

Answer: Recently, on the basis of consolidating existing customers and channels, the company has continued to carry out horizontal industry expansion and new product market development to reserve market resources for the company’s future new production capacity. Sales volume has increased in the first three quarters. In the future, the utilization of new TPU production capacity will comprehensively consider the downstream market demand and raw material price fluctuations. The capacity utilization rate of the company’s existing factories is already at a high level, which to a certain extent restricts the company’s flexible adjustment of inventory. After the new production capacity is completed, It will form a scale advantage and sufficient production capacity will help to quickly respond to customer needs. On the other hand, it can also effectively reduce the risk of raw material price fluctuations.

5. What is the general direction of the company’s R&D? Or around the polyurethane material?

Answer: The company’s research and development direction is oriented to discover, strengthen and ensure the current and future needs and expectations of customers, and carry out targeted product research and development and technical reserves for the market, continuously improve the performance of existing products and continuously introduce products to meet market and customer needs. high-tech products. Specifically, the polyurethane industry chain is divided into two major directions: one is the research and development of new materials downstream, mainly to meet customers’ customized and differentiated product needs, and the other is the research and development of special monomers upstream, which are needed for new materials. Upstream monomers with better performance are used as raw materials. The company hopes to create an integrated solution for upstream monomers and downstream materials based on terminal needs.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.allhdi.com/archives/19537

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