Gaomeng New Materials: The future industrial layout will adhere to the combination of "endogenous development and extensional mergers and acquisitions"
Views：880 Updated：2022-04-27
On April 26, the 2021 annual performance briefing of Gaomeng New Materials was held at the panoramic roadshow. This annual performance briefing was held remotely through the network. Wang Ziping, Chairman of Gaomeng New Materials, Chen Dengyu, General Manager of Gaomeng New Materials, Chen Xinghua, Chief Financial Officer of Gaomeng New Materials, Deputy General Manager and Secretary of the Board of Directors of Gaomeng New Materials Shi Xiangqian and Long Chengfeng, independent director of Gaomeng New Materials, attended the briefing.
At the exchange meeting, when asked about the company's acquisitions in recent years, Chen Xinghua, the financial director of Gaomeng New Materials, said that in recent years, Watson's performance has indeed contributed a lot to the company's overall performance, indicating that the company's acquisition of Watson is a very successful case. It has also accumulated rich experience in the company's future mergers and acquisitions; Nantong subsidiaries have also made great contributions to the company's performance, especially in the field of flexible packaging adhesives.
Chen Xinghua said that in the future industrial layout, the company will adhere to the combination of endogenous development and epitaxial mergers and acquisitions, implement mergers and acquisitions with strategic synergy, and quickly enter and seek in electronics and semiconductor materials, new energy, new infrastructure, high-end Opportunities in application fields such as equipment manufacturing, and give full play to the synergy with M&A companies; in terms of endogenous development, focus on CASE (coatings, adhesives, sealants, elastomers) and NVH (sound insulation, vibration reduction and noise reduction) fields, Continuously strengthen, deepen and increase market share, focus on developing new technologies, new products and new customers, and improve the technical level and added value of products.
Tianyancha information shows that at present, the main business of Gaomeng New Materials covers two aspects: adhesive materials and NVH sound insulation, vibration reduction and noise reduction materials.
Among them, in terms of adhesive materials, the company has been focusing on high-performance polyurethane adhesive materials since its establishment in 1999. While providing adhesive material products to customers, it also strives to provide them with personalized and systematic adhesive solutions. Product categories include composite polyurethane adhesives for plastic flexible packaging, ink binders, polyurethane adhesives for high-speed rail, and composite adhesives for reflective materials. The products are widely used in packaging, printing, transportation, safety protection, household Electrical appliances, building materials and other important industries or fields; in terms of NVH sound insulation, vibration reduction and noise reduction materials, the company's main products include seals, vibration reduction buffer materials, and other automotive related products.
In 2021, in the face of the continued high price of raw materials and outstanding pressures such as logistics, Gaomeng New Materials will fully meet the needs of domestic and foreign customers by adjusting the production process, optimizing the product structure, expanding the production capacity of related products, and flexibly adjusting transportation methods. ; In addition, in order to control the company's costs and ensure the company's operating efficiency continues to be efficient, Gaomeng New Materials has also launched three major special battles of "receivables, inventory, and price increases", and launched the "cost reduction and efficiency increase" project. Through a series of measures, the company has achieved good results throughout the year, further improving the company's operating performance and improving operating efficiency.
During the reporting period, Gaomeng New Materials achieved an operating income of RMB 1,099,554,000, an increase of RMB 139,877,200 or 14.58% compared with the previous year; and an operating profit of RMB 179,595,100. Specifically on the product side: During the reporting period, Gaomeng New Materials NVH sound insulation, vibration reduction and noise reduction materials recorded a revenue of 291,704,184.88 yuan; polyurethane adhesives contributed 642,109,831.00 yuan in revenue, a year-on-year increase of 16.30%; other products achieved 165,740,033.93 Yuan revenue, 124.70% year-on-year.
It should be mentioned that, as a leading enterprise in the domestic high-performance composite polyurethane adhesive industry, Gaomeng New Materials has always put independent innovation and technology research and development in the first place. In 2021, the company invested a total of 63.5568 million yuan in research and development, accounting for 5.78% of operating income. As of the end of March 2022, Gaomeng New Materials has applied for 161 invention patents, of which 140 have been authorized by the national invention patent, and 21 applications have been accepted; a total of 53 utility model patents have been applied, of which 43 have been applied. 10 applications have been accepted for the authorization of new patents; a total of 20 registered trademark certificates (including 3 international registered trademark certificates) have been applied for.
At present, Gaomeng New Materials has a domestic leading technology innovation and development base in the polyurethane adhesive industry, and is a "National High-tech Enterprise", "China's Excellent Packaging Enterprise", and has a "Beijing Enterprise Technology Center". By the end of 2021, the company has a total of 61 employees. Among them, there are 21 employees with a master's degree or above, accounting for 34.43% of the total R&D personnel, and the strength of scientific research and innovation is strong.
In terms of technology, during the reporting period, in line with the implementation of the national green environmental protection development and dual-cycle development strategy, the company increased research and development efforts in new products, actively developed environmental protection technologies to reduce VOCs emissions, and cooperated with VIP customers to develop degradable materials. The bonding technology, and the serialization and improved research and development of the existing products.
Throughout the year, Gaomeng New Materials made great progress in the following technologies:
Packaging field: The cold-formed aluminum composite adhesive has completed the trial production and customer test and verification of the product. It is currently in the market promotion stage. The product performance reaches or exceeds the imported product, realizes the localization of the product, improves the production process, and improves the production efficiency while reducing the product. cost;
In terms of composite adhesives for electrical materials: the laboratory test and application evaluation have been completed, and it is currently in the pilot test stage. It can be applied to H-class insulating paper composite materials, whose performance reaches or exceeds imported products, and completes the full replacement of imported products; it can be used for OLED display For the protective adhesive products in the screen processing process, the laboratory test and preliminary pilot test have been completed. This project can replace imports, fill the domestic gap, and further expand the application field of the company's products;
On the other hand, functional solvent-free products with resistance to ethyl maltol have completed the verification procedures stipulated by the industry, and gradually enter the stage of product promotion, and form a certain sales scale in specific areas of the country. In order to improve the company's solvent-free products The market competitiveness of the company and the construction of high technical barriers have laid a solid foundation, which has further improved the company's competitiveness in this industry.
At present, Gaomeng New Materials has established a "growth strategy", adheres to long-termism, coordinates the relationship between short-term benefits and medium and long-term development, and unswervingly promotes the company's high-speed and high-quality development.
In the future, Gaomeng New Materials said that the company will continue to adhere to the combination of endogenous development and epitaxial mergers and acquisitions, implement strategically synergistic mergers and acquisitions in industrial layout, and quickly enter and seek to develop in electronics and semiconductor materials, new energy, new Opportunities in application fields such as infrastructure construction and high-end equipment manufacturing, and give full play to the synergy with M&A companies; in terms of endogenous development, focus on CASE and NVH fields, continuously strengthen, deepen, and increase market share, and focus on new technologies and new products. , The development of new customers, improve the technical level and added value of products.
Regarding the business plan for 2022, Gaomeng New Materials said that it will actively start from the following aspects to promote the work of the whole year to a new level:
1) In terms of industrial and regional layout, the company said that it will focus on industrial layout planning and regional layout planning, and realize the company's strategic planning through land acquisition and factory acquisition, mergers and acquisitions, etc., to meet the needs of capacity expansion and new development in the next few years. industrial layout needs;
2) In terms of product research and development, we will continue to focus on the new material industry, and actively explore the market for advanced polymer materials and high-performance composite materials in new application fields such as new energy, new infrastructure, and vehicle (high-end) equipment;
3) In terms of market expansion, Gaomeng New Materials will continue to implement the key customer strategy;
4) Under the background of the continuous high price of raw materials, the company will implement a strategic procurement plan, study and judge the market conditions of bulk materials, implement strategic procurement in a timely manner, continue to improve procurement efficiency and reduce procurement costs;
5) We will continue to adhere to the employment concept of "forging people with like-minded people and pursuing lofty aspirations", introducing all kinds of outstanding talents with the same world outlook and career outlook, and forming a highly cohesive innovation team;
6) To further improve the organizational structure of the three meetings and one layer, give full play to the important role of independent directors in the company's strategic development planning, standardized governance, and scientific decision-making, implement effective supervision, strengthen the management and control of each work link, and promote the company's standardized operation;
7) Continue to attach great importance to informatization, digitization, and automation, and take informatization and digitization as the starting point to establish an efficient, collaborative, and replicable process organization.
