The receivable of the new material has accounted for nearly 40 % of the company's total assets

On the evening of August 8th, returning to Tianxin Materials (SZ300041, a stock price of 20.98 yuan, and a market value of 9.040 billion yuan) released the 2022 semi -annual report. The first half of the year's operating income and net profit returned to the mother increased by 34.83%and 22.32%year -on -year.

While in recent years, the production capacity has expanded significantly, and the receivables receivable of new materials have accounted for nearly 40 % of the company's total assets. In this regard, Hui Tianxin said in an interview with the reporter of "Daily Economic News" on August 9 that the company did not have capital risks and pressure.

Double increasing revenue in the first half of the year

Hui Tian New Materials is mainly engaged in the research and development, production and sales of new materials such as adhesives.

In the first half of this year, the operating income and net profit of returning to Tianxin Materials were approximately 1.9 billion yuan and 182 million yuan, respectively, an increase of 34.83%and 22.32%year -on -year, respectively.

In the quarter of this year, in the first quarter of this year, the operating income and net profit of returning to the new material increased by 33.06%and 17.33%year -on -year. Therefore, the performance growth rate of returning to Tianxin in the second quarter has increased from the previous quarter.

From the perspective of the industry, in the first half of the year, the sales revenue of Hui Tianxin in the renewable energy industry reached 1.126 billion yuan, an increase of 65.85%year -on -year, of which the sales revenue of photovoltaic silicon glue increased by 52.72%year -on -year. %.

At the same time, the sales revenue of Hui Tianxin in the field of electronics is 291 million yuan, an increase of 37.31%year -on -year; sales revenue in the field of transportation equipment manufacturing and maintenance in the relatively highest gross profit margin fell by 7.61%year -on -year to 258 million yuan. Essence

Hui Tianxin also disclosed that the company continued to make efforts in key customers such as the Ningde Times, BYD, and Yiwei Lithium, and other key customers in the new energy vehicle and power battery business. Car companies have accelerated their breakthroughs and their share continues to increase.

It is worth mentioning that Hui Tianxin's stock price performance this year is quite bright. From late April this year, the stock price of new materials has doubled.

In recent years, production capacity expansion is very fast

In recent years, with the development of new materials in the new energy sources, the production capacity expansion of the new material is also very fast.

The semi -annual report shows that the annual capacity of returning to Tianxin Materials is about 130,000 tons, the annual capacity of polyurethane glue is about 35,000 tons, the annual capacity of other glue is about 10,000 tons, and the annual capacity of solar cell back membrane is about 80 million square meters.

At the same time, Guangzhou's annual output of 39,300 tons of communication electronic material expansion projects under the new material of Hui Tianxin Materials is expected to be completed in the first half of 2023. Yicheng returning to heavenly annual output of 51,000 tons of lithium battery electrode adhesive projects and Anhui Dingyuan Yuanyuan The annual output of 75,000 tons of lithium battery new material industrial park project is also being promoted. The above three projects are expected to invest by about 1.45 billion yuan.

On the evening of August 8th, Hui Tianxin also disclosed the announcement that the company's Changzhou Hui Tian planned to invest in the "36 million square meters of solar cell back film expansion project", with a total investment of about 30 million yuan.

While the capacity expands rapidly, the capital status of returning to the new material is also worthy of attention.

As of the end of the first half of 2022, the account value of the receivables, receivables and receivables of the new materials of the new material was 981 million yuan, 682 million yuan and 216 million yuan, respectively, accounting for a total of 38.83 of the company's total assets. %, And it has increased a lot compared to the end of 2021.

Regarding the issue of high receivables, the return to Tianxin Materials only said in an interview with reporters: "The company's account is normal."

Hui Tianxin is currently applying for issuance of convertible bonds, and it is planned to raise no more than 850 million yuan. In this regard, the new material in the return of Tian responded that this is a problem of business structure, and the company does not have capital risks and pressure.

Daily Economic News

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