Huitong Technology expects to achieve operating revenue of approximately RMB million in , a yearonyear increase of .; it expects net profit attributable to shareholders of the parent company to be approximately RMB million in the same period, a yearonyear increase of ..
During the reporting period, Huitong Technology's comprehensive gross profit margin was ., ., . and . , respectively, with certain fluctuations. The company's comprehensive gross profit margin was higher than the average of comparable companies, mainly due to the differences in business composition, business scale, subindustry and customer groups of each company.
Huitong Technology serves manufacturers of highperformance nylon malta phone number list PA, biobased nylon PA, biodegradable materials PBATPBS, polyester PET and hydrogen peroxide HO. Its customers include Yangnong Chemical, Pingmei Shenma, Cathay Biotechnology, China Tianchen, Yida Holdings, Changhong HiTech, Wanhua Chemical, Yanzhou Coal Mining Group, Shanxi Huayang, Hubei Yihua, etc.
During the reporting period, Huitong Technology's sales revenue to its top five customers accounted for approximately , , and of its operating income, respectively, which is a large proportion and involves the risk of high customer concentration .
At the same time, the new construction, reconstruction or expansion demands of downstream customers have certain timeliness and periodicity. The same customer usually forms repeat purchase demand only after a period of time.