New East New Materials Co.Ltd(603110) 427 released the annual report for 2021, realizing an operating revenue of 3958861 million yuan, a decrease of 4.6% over the previous year; The net profit attributable to the parent company was 556921 million yuan, an increase of 11.88% over the same period of last year; Earnings per share was 0.28 yuan, an increase of 12.00% over the previous year; After deducting non recurring gains and losses, the earnings per share was 0.04 yuan, a decrease of 83.33% over the previous year.
In recent years, New East New Materials Co.Ltd(603110) R & D innovation is committed to assisting downstream printing enterprises to fundamentally solve the problem of VOCs emission, and takes the lead in promoting the new concept of “alcohol water ink + Spray + biodegradation” VOCs emission system in the industry, and R & D innovative VOCs source to reduce environmental friendly ink and adhesive products, including chaolifu 4011 alcohol water composite ink 3088 single solvent ink and other ink products have won the “scientific and technological achievements of Zhejiang Province” evaluated by the Provincial Department of science and technology; Wrj-7700 / 8800 and wrj-9300b / 9700a solvent-free adhesive products have passed the review of green raw and auxiliary materials by China Printing Association and have been included in the catalogue of green raw and auxiliary materials (2019) jointly compiled by China Printing Technology Association and China Printing magazine. The 300 type cooking resistant composite ink and super Lifu alcohol soluble plastic cooking resistant surface printing ink produced by the company are listed as national Torch Plan projects and national new products by the Ministry of science and technology of the people’s Republic of China.
During the reporting period, in order to consolidate the performance and reduce risks, New East New Materials Co.Ltd(603110) management adjusted the sales strategy with full consideration of various factors, taking “stability” as the first and timely adjusting to deal with all kinds of emergencies. The company’s production mode is mainly “production based on sales”. Production is arranged according to customer orders, and a certain safety inventory is set for conventional products to ensure that conventional products are supplied to the market in time. Relying on brand advantages and service advantages, the company has won the trust of customers and obtained the driving force for the sustainable development of the enterprise. The brand awareness of the company has been continuously improved and the customer group is huge.
