PBAT producer Kingfa SCI. & Tech releases H12022 company report

On August 16, Kingfa SCI. & Tech. Co., Ltd. disclosed its semi-annual report for 2022. During the reporting period, the company achieved operating revenue of 19.466 billion yuan, up 0.93% year-on-year; net profit attributable to shareholders of the listed company was 802 million yuan, down 49.26% year-on-year; net profit attributable to shareholders of the listed company after non-recurring profit or loss was 702 million yuan, down 51.97% year-on-year.

Kingfa SCI. & Tech said that during the reporting period, the company actively and proactively responded to the complex internal and external environment, focused on its main business, strengthened scientific and technological innovation, and continued to deepen high-quality development, thanks to the competitive advantages of China's whole industrial chain and the synergistic ability of the company's global supply chain platform, technology research and development platform and the group's integrated marketing platform, the company resisted the pressure of economic downturn and burst into a resilient development force, with operating income The company has made steady progress.

According to the information, Kingfa SCI. & Tech's main business is the research and development, production and sales of new chemical materials, and its main products include modified plastics, environmentally friendly high-performance recycled plastics, fully biodegradable plastics, special engineering plastics, carbon fiber and composite materials, light hydrocarbon and hydrogen energy and medical health polymer products. At present, the company is one of the most complete companies in the global chemical new materials industry in terms of product range, and is also the largest and most complete modified plastics manufacturer in the Asia-Pacific region.