Huitao Technology: net returns to home in 2018 increased slightly by 4.8%.

On April 20, 2019, Huidei Technologies disclosed its annual report. In 2018, the company realized 1.59 billion yuan in total revenue, an increase of 11.7% over the same period of last year; realized 120 million yuan in net profit attributable to the owner of the parent company, an increase of 4.8% over the same period of last year; and earned 1.3 yuan per share. During the reporting period, the company's gross interest rate was 18.5%, basically maintaining the previous year's level, with a net interest rate of 7.3%, which was 0.5 percentage points lower than the previous year. During the reporting period, the financial expenses decreased by 101.3% over the same period of last year, which contributed to the growth of performance.

Company's profit distribution plan for 2018: 10 allocations of 3.50 yuan (including tax).

The financial cost of the company decreased by 101.3% and the cost rate of the company during 2018 was 10.1%, which was 0.8 percentage points lower than that of last year. The total cost of the period amounted to 160 million yuan, an increase of 3.1% over the same period last year. Among them, the sales cost was 41873,000, down 5.2%, the management cost was 52272,000, up 13.5%, the financial cost was - 44,000, down 101.3%, and the R&D cost was 66,595,000, up 7.1%. The operating cost was 1.3 billion yuan, an increase of 11.8% over the same period last year, which was higher than the 11.7% growth of operating income, resulting in a 0.1% decrease in gross profit rate. The company's R&D investment in this period was 66.595 million, up 7.1% from the same period last year. R&D investment is fully expended and not capitalized.

This issue of "synthetic leather polyurethane" contributes a lot to the revenue. From the perspective of business structure, "synthetic leather polyurethane" is the main source of business income. Specifically, "synthetic leather polyurethane" business income of 1.19 billion, accounting for 80.1%. The operating income of polyester polyols is 180 million, accounting for 12%. "Polyurethane Elastomer Raw Liquid" has a revenue of 120 million yuan, accounting for 8%. From the profit contribution angle, the comprehensive gross profit rate of enterprises is 18.5%. Among them, "synthetic leather polyurethane", "polyester polyol", "polyurethane elastomer solution" contributed 81.3%, 12.2%, 6.5% respectively, and "synthetic leather polyurethane" contributed more. The gross interest rates of "synthetic leather polyurethane", "polyester polyol" and "polyurethane elastomer solution" were 19.8%, 19.8% and 16%, respectively.