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Recently, Anhui Meijia New Materials Co., Ltd. announced its 2020 half-yearly report, Meijia New Materials earnings, let's take a look at it - in the first half of
2020, affected by the outbreak, the local market generally delayed until April and May to start to recover, market performance is affected by this larger. During the reporting period, the company's operating income was RMB344 million, an increase of 4.14% compared with the same period last year, and net profit was RMB9.79 million, a decrease of 15.23% compared with the same period last year, mainly due to the impact of the epidemic and related operating costs.
research and development expenses increased by 10.71 million yuan, or 751.38 percent, over the previous year, mainly due to the fact that the company's research and development expenses for 2020 were fully included in the research and development expenses account in accordance with the new accounting standards
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other business revenue increased by $4,347,243.47, or 930.88 percent, over the previous year, mainly due to higher revenue from raw materials for sales. 2. Other business costs increased by 4,388,619.46 yuan, or 846.31%, over the previous year, mainly due to higher revenue from raw materials for sales.
company's main customer sales situation is as follows:
it is understood that Anhui Meijia New Materials Co., Ltd. was established in 2000, is a specialty powder coatings and epoxy resin, polyester resin research and development, production, sales and integrated fine chemical enterprises, the company in August 2014 in the new three-trigger listing (securities code: 831053), became China's first powder coating listed enterprises. The company can provide multi-series, multi-variety, multi-model powder coatings and epoxy resin (solid and liquid), polyester resin products, currently designed powder coating production line 24, design capacity of 40,000 tons / year, epoxy resin production line 3, design annual production capacity of 100,000 tons, polyester resin production line design capacity of 40,000 tons, China's powder coating industry ranked third (ranked first two are foreign-funded enterprises).
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