Xinlun New Materials: R & D investment continues to increase, independent innovation drives rapid growth_ Securities Times Network

According to the annual report data released by Xinlun New Materials (002341) on April 27, the company achieved operating income of 1.332 billion yuan, and realized that the net profit attributable to the owner of the parent company was negative. This was due to the decline in operating income of the material business, the company’s initiative to adjust its customer structure, the impairment of goodwill and other assets formed by the acquisition of Anhui Xinlun, the increase in financial expenses, the additional fees for securities disputes, and other factors. Although the company has deducted non-net profit for three consecutive years, the accountant issued a standard unqualified audit report, and at the same time demonstrated that the company has the ability to continue operations, and the risk of ST is basically eliminated.

Data shows that new energy materials, the core business of Xinlun New Materials, will have a market share of 75% in the domestic power aluminum-plastic film market in 2021, and its operating entity has been awarded the title of “Little Giant” at the national level. The company’s optoelectronic materials business focuses on domestic manufacturers. In 2021, it will continue to consolidate its strategic partnership with Xiaomi, and realize independent research and development and mass production and supply of many competitive products such as folding OCA and blind hole OCA, breaking the international giant’s The monopoly ensures the safety of the domestic supply chain in the material industry.

It is worth noting that the proportion of the company’s R&D investment continues to rise. In 2021, R&D investment will account for 7.7% of revenue, and in 2020, the figure will be 5.6%. The company’s R&D projects include OCA, OCR, CPI hardening film, protective film, etc. The future development reserves the technical force. The company has established a number of provincial and municipal R&D centers, R&D and industrial incubation platforms, a post-doctoral workstation substation and a post-doctoral innovation base. The company and many of its wholly-owned subsidiaries have obtained the national high-tech enterprise qualification. The company has formed an industry-university-research cooperation relationship with nearly 20 scientific research institutes in the United States, Japan and China, and has established technical exchange channels with dozens of domestic and foreign companies. Leading domestic research and development capabilities, with a number of patents in related fields. At the same time, the company has deployed a number of forward-looking technologies, which have laid a solid foundation for the company’s future development. (Wen Sui)