Hyea Aromas(SZ:300886)2022-11-11 06:04Group 1: Financial Performance - The company achieved a revenue of 119 million RMB in the first half of 2022, a decrease of 2.35% year-on-year [4] - The net profit attributable to shareholders increased by 14.80% year-on-year, reaching 16 million RMB [4] Group 2: Currency Impact - Over 60% of the company's revenue comes from exports, and the depreciation of the RMB is expected to increase foreign exchange gains [2] Group 3: Acquisition Progress - The acquisition of Huangshan Kehong Biological Flavor Co., Ltd. is progressing steadily, with relevant announcements available on the company's website [3] - The company disclosed plans for the acquisition on July 15, 2022, and is actively working on the transaction [3] Group 4: Industry Position - The company is a vice-chairman unit of the China Flavor and Fragrance Association and has been recognized as one of the top ten enterprises in the fragrance industry by the China Light Industry Federation for several consecutive years [3] - More than 60% of the company's products are exported, establishing stable business relationships with international companies such as Firmenich and Givaudan [3] Group 5: Future Plans - The company plans to continue focusing on its core fragrance business, emphasizing both internal and external growth strategies [3] - A synthetic fragrance project with an annual production capacity of 3,000 tons is progressing as planned, with the first phase of 1,800 tons already in production [4]