With sluggish demand, Hongchang Electronics' operating profit in the first half of 2022 fell by 60%

On the evening of July 13, Hongchang Electronics released a performance forecast for the first half of 2022, saying that it is expected to achieve a net profit of RMB 483.
18-513.
06 million attributable to shareholders of listed companies from January to June 2022, an increase of 28,523 compared with the same period of the previous year.
-315.
12 million yuan, a year-on-year increase of 144%-159%
.

The pre-increase in performance was mainly due to the income from land acquisition and storage
.
In April 2022, Hongchang Electronics Guangzhou Plant purchased and stored the land, and completed the land transfer procedures with the Guangzhou Development Zone Land Development and Reserve Trading Center
.

It is estimated that from January to June 2022, the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses will be RMB 79.
10-83.
99 million, a decrease of RMB 111.
74-116.
63 million compared with the same period of the previous year (statutory disclosure data).
57% to 60% reduction
.

Hongchang Electronics said that in the first half of the year, the downstream market demand for epoxy resin and copper clad laminates was sluggish, combined with the repeated epidemics, geographical conflicts and intensified global inflation, etc.
, the gross profit and gross profit margin of products decreased year-on-year, and the deduction attributable to shareholders of listed companies was non-recurring.
Net profit after profit and loss decreased year-on-year
.

According to the data, Hongchang Electronics, as the first listed leading enterprise of epoxy resin + copper clad laminate in China that has opened up the upstream and downstream industry chain, has obvious synergy effect of upstream and downstream industries
.
On the one hand, it closely follows the national strategy, adopts a strategy of scale and differentiation, positions itself as a professional high-end epoxy resin supplier, and develops comprehensively in the fields of "new energy, new materials, and composite materials", which will further enhance its products, technologies, markets and estimates.
On the other hand, under the encouragement of a number of domestic industrial policies, domestic high-frequency and high-speed copper clad laminates are worth looking forward to independently and controllable opportunities.
Hongchang Electronics currently has certain product qualification barriers and has established stable market cooperative relations with large downstream manufacturers
.