Huayi Group's adjusted net profit for the first three quarters was RMB1,554 million, down 65.27%

On the evening of October 30, Shanghai Huayi Group Co., Ltd. ("Huayi Group") released its third-quarter 2019 report, with revenue of 31.362 billion yuan in the first three quarters, down 7.19% YoY. Net profit attributable to shareholders of listed companies was RMB540 million, adjusted at RMB1,554 million, down 65.27% YoY, while net profit attributable to shareholders of listed companies, net of non-recurring profit and loss, was RMB349 million, adjusted at RMB1,476 million, down 76.36 percent YoY. Basic earnings per share were RMB0.26, adjusted at RMB0.73, a decrease of 65.07% yoY

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2019, coatings and resins produced 36,051.49 tons, sold 37,428.43 tons, and generated sales of 646,701,186.57 yuan, with an average sales price of 17,278.34 yuan per ton, according to the report.
Huayi Group is mainly engaged in energy and chemical industry, green tires, advanced materials, fine chemicals and chemical services five core business, with a series of Chinese brand names, well-known trademarks in China, Shanghai brand names, Chinese old and other well-known trademarks. Among them, the old Chinese brand products have peony brand ink, double money brand tires, eye brand paint, bright brand paint, Great Wall brand paint, flying tiger brand paint, a brand of pigment, white elephant brand battery and return brand sports shoes. And has basically formed a "manufacturing and service" dual-core-driven business development model, as well as "basic chemical products (including methanol, acetic acid, synthesizer and other products) - mid- and lower-stream chemical raw materials products (including acrylic and esters and other products) - downstream fine chemical products, new materials (including coatings, pesticides and intermediates, high water-absorbing resins and other products) - end-customer products (including tires, soap, laundry detergent and other products)" of the upstream and downstream industrial chain development system.
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