Guangxin materials subsidiary provides coating products for Huawei mobile phones

Recently, Guangxin materials revealed on the panorama network investor relations interactive platform that Jiangsu Hongtai, a wholly-owned subsidiary of the company, provides coating products for some Huawei mobile phone models. It has cooperated with Huawei for many years, and its main sales targets are Huawei first-class model factory and second-class model factory. Jiangsu Hongtai has the ability to develop customized coatings rapidly. It is one of the few domestic enterprises with the ability to develop high-performance coatings. It has significant product performance advantages and product quality advantages in the field of special coatings. Among them, 3C electronic coating, PVD coating, steel anti-corrosion uvcoating, automobile parts weathering coating and other products are in the forefront of the industry. In the field of mobile phone manufacturing, at present, Jiangsu Hongtai has a long-term close cooperation with major domestic mobile phone terminal brands such as Huawei, oppo and ODM solution providers such as Wentai, Huaqin, Longqi, etc. at the same time, it also keeps close cooperation with its first-generation factories such as Shenzhen BYD, Jiaxing Wentai, Hangzhou gengde, Dongguan Jinsheng, Dongguan Jierong, Dongguan yumingxin, Xiamen Tongda, Shenzhen Lianmao, Shenzhen Meige Etc. have established a good and long-term cooperation relationship. Jiangsu Hongtai's new product anti fingerprint and easy to clean coating has been applied to 3C products such as mobile phone glass, and has successfully entered the blue thinking technology, and has been used in batches. Guangxin materials, the parent company, belongs to the electronic chemical industry in the fine chemical industry, mainly engaged in the research and development, production and sales of special inks and coatings. In 2017, the company acquired 100% equity of Jiangsu Hongtai, 100% equity of Changxing Guangzhou and 60% equity of Chuangxing Shanghai. In order to protect the interests of all shareholders of the listed company, Jiangsu Hongtai promises that the audited net profit in 2017, 2018 and 2019 will not be less than 48 million yuan, 55 million yuan and 62 million yuan respectively. In 2017, Jiangsu Hongtai overfulfilled its performance commitment, with operating revenue of RMB 232 million and net profit of RMB 51.9349 million in 2017. It is understood that Jiangsu Hongtai has three subsidiaries: Hunan Hongtai New Material Co., Ltd., Hunan Sunshine New Material Co., Ltd. and Guangzhou aidisheng Trading Co., Ltd. On January 3, 2019, in response to the government's policy of protecting Taihu Lake, Jiangsu Hongtai transferred part of the production tasks of Yixing factory to Hunan Hongtai and part to Chuangxing fine chemicals (Shanghai) Co., Ltd., a subsidiary of Guangxin materials holding company (hereinafter referred to as "Shanghai Chuangxing"), and Yixing factory will no longer be produced and will be built into Jiangsu Hongtai Thai paint R & D base and management center. According to the performance express released by Guangxin materials on February 28, the company achieved a total operating revenue of RMB 665 million, a year-on-year increase of 48.12%; the net profit attributable to shareholders of the listed company was RMB 51.628 million, a year-on-year decrease of 15.87%. Editor in charge: Wang Qian 5