Gaomeng New Materials’ net profit in the first three quarters was 101 million yuan

Recently, Gaomeng New Materials released its third quarter report for 2023. In the first three quarters, it achieved revenue of 775 million yuan, a year-on-year increase of 4.79%; net profit attributable to the parent company was approximately 101 million yuan; excluding non-net profit It is 95.0374 million yuan.

Gaomeng New Materials was established in July 1999. It is mainly engaged in the research and development, production and sales of adhesive materials, NVH sound insulation and noise reduction materials, environmentally friendly coating resins, etc. It is a leading domestic adhesive company.

It is worth mentioning that on August 4 this year, Gaomeng New Materials made two consecutive foreign investment announcements. On the one hand, the company plans to increase its investment in Chengdu Yuehai Capital with 50 million yuan. After the capital increase, the company will hold Chengdu Yuehai Capital Haijin owns 4.2735% of the shares. On the other hand, it is planned to purchase 100% equity of Qingyuan Beite New Materials for 77.22 million yuan.

In the third quarterly report, Gaomeng New Materials disclosed that Qingyuan Beate’s industrial and commercial change registration was completed on August 31, 2023. Qingyuan Beate’s shareholders are Fan Guangrong, He Yongzhong, Gao Jianwu, Zhang Jieyuan, Chen Zhengbiao, Wu Wugeng, and Yu Renhua , Ho Tung and Yan Xinmin were changed to Gaomeng New Materials. Qingyuan Beite will be incorporated into the company’s consolidated statements starting from August 2023.

Gaomeng New Materials’ acquisition of Qingyuan Beite has also attracted investors’ attention. During a recent roadshow, when an investor asked about the company’s considerations for acquiring Qingyuan Beite and its follow-up plans, Gaomeng New Materials stated that the company’s current operating guidelines are “transformation and upgrading, strategic leadership to write a new chapter; innovation-driven, project tackling “Promoting development”, focusing on strategic leadership, and focusing on project advancement, the company has formulated a “2+3” product development strategy: consolidate the development of advanced composite materials, enhance the development of functional transportation materials, accelerate the development of new energy materials, and develop steadily Low-carbon coating materials, breakthroughs in the development of optoelectronic display materials.

Gaomeng New Materials also stated that Qingyuan Beite has high brand awareness, R&D capabilities and product competitiveness in the field of insulation potting resins. The products developed are widely used in automotive motors, traction motors, industrial motors, special motors, and reactors. , transformers, capacitors and other fields, customers include well-known manufacturers in related fields. Qingyuan Beite’s business and products are highly synergistic and complementary with the company. By leveraging the advantages of both parties, the company can further expand the company’s market share in the power energy field. , expand product applications.