SINO-HIGH(SZ:301076)2024-09-04 09:41Financial Performance - In the first half of 2024, the company achieved operating revenue of 209 million CNY and a net profit attributable to shareholders of 29.31 million CNY [1] - The first quarter revenue was 103 million CNY with a net profit of 10.95 million CNY, while the second quarter revenue increased to 106 million CNY with a net profit of 18.36 million CNY, reflecting a 67% increase in net profit from the first quarter [1] - The net cash flow from operating activities increased by 251.91% year-on-year, indicating a strong financial position [1] Sales Growth - Total product sales in the first half of the year grew by over 20% compared to the same period last year, with cosmetic raw materials sales increasing by over 60% and photoinitiators sales rising by nearly 30% [2][4] - The company has established stable relationships with major customers, contributing to the overall sales growth [3] Product Development and Innovation - The company is focusing on technological innovation in two main areas: improving existing production processes and researching specific applications for engineering plastics [2] - New production lines for HAP and DFBP have commenced mass production, while the HDO production line is expected to be completed by December 2024 [2] Market Strategy - To maintain or enhance gross margins, the company plans to establish long-term partnerships with suppliers for better pricing, enhance brand influence, and accelerate the launch of new products [2] - The company has formed an overseas division responsible for expanding international business, with export revenue accounting for approximately 40% of total revenue [4] Investor Relations - The company acknowledges the decline in stock price, which has dropped over 50%, and is committed to improving investor relations and market operations to enhance shareholder value [3] - The company is focused on optimizing production structures and expanding market reach to drive future growth [3]