Yueda Investment (600805): The Net Profit In The First Half Of The Year Was 55.8969 Million Yuan

Yueda investment (600805) disclosed the semi annual report of 2022 in the evening of August 12. During the reporting period, the company achieved revenue of 1.538 billion yuan, a year-on-year decrease of 17.6%; The net profit attributable to the parent company was 55.9 million yuan, with a loss of 353 million yuan in the same period of last year; Deducting the non net profit loss of 130 million yuan, the loss of 407 million yuan in the same period of last year; The basic earnings per share was 0.07 yuan.

During the reporting period, the periodical downward pressure of textile industry increased significantly. The company fully grasped the orders and kept the operating rate. Yueda textile sold 12300 tons of yarn and 7.38 million meters of fabric. Yueda textile special technology research has achieved initial results. Yueju spinning series of functional products developed 20 types of yarn and fabric samples, of which 8 types of antibacterial test results exceed the national standards. Strengthen the development of new products. In the first half of the year, 73 new yarns and 398 new fabrics were developed, including 202 new environmentally friendly low-carbon fabrics such as Tencel, diacetate, polylactic acid, yuepoly spinning, etc. We have continuously improved the soft power of science and technology, and obtained 10 authorized patents, including 5 invention patents; Two projects of production, teaching and research in Jiangsu Province have been approved; Participate in drafting 2 industry standards; Won the honorary title of 2022 / 2023 China yarn fashion trend product by cotton spinning industry association. Adhering to the intelligent transformation, Yueda textile plans to implement the 100000 ingot green intelligent factory project.

In addition, during the reporting period, the company gave up participating in the capital increase of Yueda Kia company (formerly Dongfeng Yueda Kia Automobile Co., Ltd.), and the shareholding ratio of the company was reduced from 25% to 4.2%. The accounting method was changed from the equity method of long-term equity investment to financial assets other equity instrument investment accounting. During the reporting period, the company and Jiangsu yanchenggang Industrial Development Group Co., Ltd. jointly initiated the establishment of Yueda new energy company, with a registered capital of 500 million yuan and a capital contribution of 350 million yuan, with a shareholding of 70%. Yueda new energy Co., Ltd. aims to make full use of the resource advantages of shareholders, fully explore the rich scenery resources of Yancheng, and actively invest in photovoltaic, wind power and other energy projects in Yancheng and other areas.