Nanjing Julong: In the first quarter, revenue increased by 9.11% year-on-year, but net profit fell by 6.28% year-on-year

According to public information, Nanjing Julong achieved operating income of 410 million yuan in the first quarter of 2022, an increase of 9.
11% over the same period last year; net profit attributable to shareholders of listed companies was 14.
1383 million yuan, a decrease of 6.
28% over the same period last year; after deducting non-recurring The net profit from profit and loss was 11.
3481 million yuan, a decrease of 13.
96% compared with the same period of the previous year
.

It is reported that Nanjing Julong has been focusing on the research and development, production and sales of new polymer materials and composite materials since its establishment.
The products include PA, PP, PC, PBT, TPE and other modified series, including glass fiber reinforced nylon, mineral reinforced PA66
etc.
Products are mainly used in automobiles, high-speed rail and rail transit, 5G communications, electrical and electronic, aerospace, environmental protection building engineering, medical and health and other fields
.
The market demand for the company's products is highly correlated with the prosperity of the downstream market
.

In addition, Nanjing Julong has established long-term and stable cooperative relations with upstream and downstream enterprises, and has become one of the main suppliers of nylon modified materials for high-speed rail and rail transit in China by virtue of the excellent performance advantages of material products.
One of the important suppliers in the market of nylon, polypropylene, plastic alloy modified materials and elastomer materials for energy vehicles
.

In the automotive field, Nanjing Julong has made every effort to carry out continuous optimization work from different perspectives such as localization, lightweight and high performance of fuel vehicle materials for the development of automotive materials, and has increased investment in research and development in the field of new energy vehicles.
Foreign brand new energy vehicle factories have certified a variety of material products.
At the same time, for the new energy vehicles with continuous technological changes, they have made breakthroughs in the development of materials for key components and realized specific applications
.

In the field of communication materials, the arrival of the 5G era has given a large space for development in the field of communication electronics, and has also driven the development of related new materials, especially various functional materials
.
Nanjing Julong's communication electronic material team focuses on product development in this field.
The metallizable special engineering plastics developed and produced have been widely recognized by customers and have achieved small batch production and sales
.
At the same time, progress has been made in the research and development of materials such as wave absorption, wave transmission, electromagnetic shielding, thermal conductivity, and electrical conductivity, which can provide customers with comprehensive solutions for design, development and supply of materials, and has won many awards in this field, among which wave absorbing materials It has been successfully applied to the absorbing cover and radar housing of millimeter-wave radar
.