On the evening of July 27, the 2021 semi-annual report released by YTTH Advanced Materials Technology Group showed that from January to June this year, the company achieved operating income of 2.126 billion yuan, a year-on-year increase of 95.18%; realized net profit of 440 million yuan, a year-on-year increase of 255.01 %; Basic earnings per share are 0.64 yuan, an increase of 220.00% year-on-year.
YTTH is China's first commercial production of high-tech materials for aramid and aramid paper. Regarding the substantial growth in performance, the company said: With the gradual implementation of personal protective equipment equipment standards and the recovery of the industrial field, the demand for aramid in China and the international market continues to grow, the company's inter-position aramid production is at full capacity, and both production and sales are the highest in history. Good level; With the full release of new production capacity, para-aramid fiber has accelerated the localization of optical cable communications and protective substrates. The production equipment is fully loaded and operating stably. Product quality and sales have reached the highest level in history. At the same time, the product structure continues Perfect, economies of scale are becoming increasingly apparent.
YTTH has cooperated with a number of scientific research institutes to tackle key problems, breaking through the world's first intelligent fiber industrialization technology. The announcement shows that Taihe New Materials and a professional team have jointly developed a world-first smart light-emitting and energy storage product with functions such as light-emitting, energy storage, energy capture and sensing. The first phase of the industrialization project is currently under construction and is expected to be in 2021. The construction is completed by the end of the year. It is reported that the product is a flexible light-emitting fiber, divided into two categories: super-flexible light-emitting fiber and high-strength light-emitting fiber, which are widely used in automotive interiors, smart clothing, information electronics, smart home, medical and health and other fields.