Huamao (000850): The Half Year Net Profit To The Parent Increased By 32.33% To 146 Million Yuan

Huamao Co., Ltd. (000850. SZ) released the semi annual report of 2021. The company's operating revenue in the first half of the year was 1.664 billion yuan, with a year-on-year growth of 2.25%. The net profit attributable to shareholders of listed companies was 146 million yuan, up 32.33% year on year. The net profit attributable to shareholders of the listed company after deducting non recurring profit and loss was 114 million yuan, with a year-on-year decrease of 6.20%. The basic earnings per share is 0.155 yuan.

In the case of weak external demand market, the company has continuously strengthened the development of domestic demand market, strengthened the cooperation between upstream and downstream of the industrial chain, paid attention to the development of differentiated fiber varieties such as environmental protection and antibacterial, and made breakthroughs in the field of high-end underwear and the use of functional fibers. The product structure, variety characteristics and market segmentation are more optimized to meet the needs of consumers. After upgrading in recent years, the company's intelligent manufacturing level ranks in the forefront of the industry. At present, Huamao intelligent spinning scale has accounted for 50%. A number of new non-woven production lines were also put into full production last year.