Yiwu Huading Nylon Co., Ltd. (hereinafter referred to as “Huading Nylon”) issued an announcement on the evening of September 26, saying that on September 25, due to the requirements of “dual energy control” and in accordance with the unified deployment and arrangements of the government, Some of the company’s factories and subsidiaries have temporarily suspended production.
Huading Nylon revealed that the main subjects of this temporary suspension are the company’s second factory (designed capacity of 40,000 tons) and its wholly-owned subsidiary Yiwu Wuzhou New Material Technology Co., Ltd. has started up part of the production line (the project is under construction, with a designed production capacity of 150,000 tons, and part of the production line has started up). The above-mentioned suspended production capacity accounts for 50% of the company’s total production capacity before the “dual control” shutdown. This temporary suspension of production will be implemented from September 25, 2021, and production is initially expected to resume on October 1, 2021.
In order to minimize the impact of the company’s temporary suspension of production, Huading Nylon will minimize the negative impact of the temporary suspension of production on the company by arranging equipment inspections, equipment maintenance, and optimizing process control. Influence.
Public information shows that Huading Nylon’s dual main business development model is the civilian nylon filament business segment and the cross-border e-commerce business segment. Among them, the civilian nylon filament segment specializes in R&D, production and sales of high-quality, differentiated civilian nylon filaments. It mainly produces six categories of civilian nylon filament products with high weaving stability and dyeing uniformity: POY, HOY, FDY, ACY, ATY and DTY. The product range covers 5.5 All specifications of dtex-444dtex.
Huading nylon civilian nylon filament products are mainly used in sports and leisure clothing, swimsuits, down jackets, seamless underwear, lace, suits, shirts, T-shirts, high-end fashion fabrics, high-end High-end areas of civilian textiles such as socks.
Huading Nylon’s cross-border e-commerce segment mainly relies on China’s high-quality supply chain products and uses e-commerce as a means to supply high-quality products to end consumers around the world, specifically through eBay and Amazon. , AliExpress, Wish, TOMTOP’s own website and other e-commerce platforms use a buyout and self-operated approach to sell high-quality Chinese products directly to overseas end consumers. The company’s cross-border e-commerce segment has actively expanded its business layout and formed a three-dimensional business structure of “cross-platform”, “cross-category”, “cross-language” and “cross-currency”.
The financial report shows that in the first half of 2021, Huading Nylon achieved operating income of 5.082 billion yuan, a year-on-year increase of 6.90%, and net profit attributable to the parent company was 172.0109 million yuan, a year-on-year increase of 149.54 %.
In terms of products, the civilian nylon filament business segment achieved operating income of 1.411 billion yuan, a year-on-year increase of 62.19%; net profit was 97.845 million yuan, a year-on-year increase of 938.20%.
The cross-border e-commerce business segment achieved operating income of 3.602 billion yuan, a year-on-year decrease of 5.17%; total profit was 92.3199 million yuan, a year-on-year increase of 6.62%; net profit was 76.8004 million yuan, a year-on-year increase 9.76%. </p
