Huitian New Materials(SZ:300041)2022-12-07 08:24Group 1: Financial Performance - The company's profit growth in the first half of 2015 was impacted by new business developments, including packaging adhesives, construction adhesives, lubricants, and solar cell back membranes, leading to increased costs and sales expenses [1][2] - The overall product gross margin experienced a decline due to price reductions in some products and increased expenses related to high-end R&D and management talent recruitment [2][4] Group 2: Market Expansion - The company signed a framework agreement to acquire 100% equity of Yiwudefu, which has extensive experience in high-end automotive services, indicating a strategic move into the automotive after-market [2][3] - The company is actively expanding its presence in the automotive adhesive market, with significant contracts signed with major players like Yutong Bus and Nissan, indicating a positive trend in sales [3][4] Group 3: Product Development - The establishment of a dedicated rail transportation division aims to develop adhesives for high-speed trains, with successful trials already completed with several manufacturers [4][5] - The introduction of high-end talent is aimed at enhancing core competitiveness and exploring new fields such as microelectronics adhesives and packaging adhesives [5][6] Group 4: Strategic Initiatives - The "Car Butler" APP has been successfully piloted in Yiwud, with plans to expand to other cities and introduce new features, indicating a focus on digital transformation in service offerings [5][6] - The company is committed to completing its 2014 non-public stock issuance and has received strong support from major shareholders, with a commitment to not reduce their holdings for 36 months post-issuance [6][7]