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Recently, Xiangyuan New Materials released its 2021 annual report, the company achieved operating income of 457 million yuan, a year-on-year increase of 44.
Steady growth in operating performance
Steady growth in operating performanceDemand in consumer electronics and new energy fields continues to expand
Demand in consumer electronics and new energy fields continues to expandThe main business of Xiangyuan New Materials includes environmentally friendly cross-linked polyolefin foam (XPE/IXPE/IXPP), polyurethane foam (PU), silicone foam materials, etc.
According to the annual report data, in 2021, the company's overall production and sales of rubber and plastic products will increase by 50.
Research shows that the driving factors of Xiangyuan New Materials' revenue scale and production and sales growth mainly come from the company's promotion of customer development and the acceleration of production capacity construction
From the perspective of production scale, at this stage, Xiangyuan New Materials has three production bases including Guangde, Hanchuan and Guangxi.
According to the data of the National Bureau of Statistics, during the ten years from 2009 to 2019, the output of foam plastics in China increased from 1.
Industry analysts said that in the field of consumer electronics, some products of Xiangyuan New Materials have been on par with international industry leaders in terms of performance, and some products have achieved import substitution
R&D investment increased by 47.
R&D investment increased by 47.
Phased results have been achieved in the direction of PU foam and silicone foam
At the same time that the market demand continues to improve, Xiangyuan New Materials continues to develop and innovate, and its technological advantages have gradually become an important support for its high-quality development
The annual report shows that the company's R&D investment in 2021 will be 28.
The data shows that as of December 31, 2021, the company has 25 invention patents and 55 utility model patents, and has mastered the core technology of irradiation production, which can produce high-tech products.
As one of the few domestic enterprises that can produce ultra-thin IXPE materials and mass-produce IXPP materials, at present, the company's production technology and process level are at the forefront of the industry, and some of the ultra-thin IXPE materials and IXPP materials produced have achieved import substitution
