On April 22, Huafeng Chemical (002064) released the first quarter report of 2021. During the reporting period, the company achieved an operating revenue of 5793980097.80 yuan, an increase of 120.77% year on year; The net profit attributable to shareholders of listed companies was 1640049992.84 yuan, up 501.67% year on year.
During the reporting period, the net cash flow from operating activities was 314619655.66 yuan, and the net assets attributable to shareholders of listed companies were 13210460634.63 yuan by the end of 2020.
During the reporting period, the operating revenue was 5793980097.80 yuan, an increase of 120.77% over the same period last year, mainly due to the increase of sales volume and unit price. During the period, the sales expenses were 33151879.92 yuan, a year-on-year decrease of 63.51%, mainly due to the adjustment of transportation expenses to main business cost according to the new revenue standard.
According to our data, Huafeng Chemical is mainly engaged in the R & D, production and sales of polyurethane products such as spandex fiber, polyurethane stock solution and adipic acid.