Losses and profits are seriously down!

1 Loss in the third quarter and serious decline in profits

On the evening of October 14, Kangda New Materials, a leading adhesive company, released a performance forecast for the third quarter of 2021: January-September 2021 realized a net profit of RMB 1.

Kangda New Materials said: From January to September 2021, affected by the continuous increase in the prices of domestic and foreign chemical raw materials, the prices of raw materials (epoxy resins and amine curing agents) required for the production of main products in the company’s adhesive new materials sector have increased significantly, resulting in The company's operating costs increased significantly year-on-year, resulting in a significant decline in the gross profit margin of product sales, which led to a decline in the company's net profit

Kangda New Materials is a fine chemical enterprise mainly engaged in the research and development, production and sales of adhesives and new polymer materials.

2 Pre-loss and price increase are released at the same time

Under pressure, on the same day that the performance forecast was released, Kangda New Materials released a product increase announcement:

In 2021, the domestic and international economic environment will be complicated and affected by the superimposed factors such as the supply and demand pattern of the chemical raw material industry and the "dual control of energy consumption".

The sales price of the company’s main adhesive products (including epoxy adhesives, polyurethane adhesives, etc.