Science and technology are primary productive forces
Wu Peifu, the chairman of Double Star New Material, said in an interview with China Securities News recently that in the first half of the year, the company achieved a revenue of 3.483 billion yuan, a year-on-year increase of 31.88%, a net profit of 714 million yuan, a year-on-year increase of 18.21%, and an overall gross margin of 28.12%.
"The achievement cannot be achieved without the continuous improvement of the corporate governance structure and the unswerving strategic goal of innovation driven." He said that the company has always been led by innovation driven. Last year, the company's R&D investment accounted for 4.5% of the overall sales revenue. In the first half of this year, the company's R&D investment was 125 million yuan, and will continue to increase investment in the second half of this year. During the "Fourteenth Five Year Plan" period, the company plans to invest 1 billion yuan in talent and innovation project construction to support high-quality growth with scientific and technological innovation.
Innovation driven
"In the first half of the year, the new projects of the company were firmly promoted according to the annual work plan, and the pace of innovation was also accelerating," Wu Peifu said.
Guided by innovation drive, in the first half of the year, Shuangxing New Material applied for 6 invention patents, 22 utility model patents, 19 authorized invention patents and 16 authorized utility model patents; 12 new products have been developed, among which, the construction of 10000 tons of nano master batch has been completed first, which has solved the "choke" problem of master batch that was originally dependent on imports.
Wu Peifu said that the company always takes strengthening the construction of innovation system as the basis of capacity building, builds an innovation platform and does a good job in technological innovation and development around projects urgently needed by the market.
"Focusing on the strategic plan formulated at the beginning of the year, while completing the work in the first half of the year, the company will continue to take innovation driven development as the guide to achieve leapfrog development. This year, the company plans to jointly carry out technological innovation with five universities, implement the company's innovation work through talent introduction, joint establishment of laboratories, etc., and take advantage of its efforts to achieve innovative development. In addition, the company will continue to focus on internal management, further do a good job in energy conservation, cost reduction and efficiency increase, and will The target plan of is well implemented. " He said.
Focus on main business and promote high-quality growth
Wu Peifu introduced that since the launch of Double Star New Materials 11 years ago, it has always been seeking innovative development by focusing on the main business of excellence. At present, five major sectors have been formed, including optical materials, new energy materials, variable information materials, energy-saving window films, and heat shrinkable materials, some of which are urgently needed materials to serve the national emerging industry strategy.
The company has realized the vertical integration from raw material synthesis to product manufacturing and product application and processing around the main business, thus creating a new material platform company. On the innovation platform, the company's new material products in various fields of service are constantly emerging.
At present, in the polyester film industry, the company has become a national manufacturing industry single champion demonstration enterprise. As a demonstration enterprise, Shuangxing New Materials will further give play to the "head goose effect" of listed companies leading high-quality development, keep abreast of international first-class standards, provide services for the development of new materials in emerging industries and new materials, and further focus on talent introduction and talent training.
Rely on capital market to realize leapfrog development
Wu Peifu said that as a link between entities and capital, the capital market plays an important role in supporting the high-quality development of the real economy, especially in helping enterprises become better and stronger. As a listed enterprise, the company should make full use of the capital market platform, strengthen and optimize its main business to achieve leapfrog development.
"From IPO fundraising to twice refinancing to support the company's optical material development, the company has personally experienced the role of the capital market in supporting the development of the real economy." He said that while seeking new development through the capital market, the company has also attracted a large number of talents to further optimize the company's institutional mechanism. Focusing on the establishment of modern enterprise management system, the company did a good job in modern enterprise management and achieved sustainable and stable development.
He said that at present, the company's five major sectors of new materials are developing vigorously, and each market has good development space. In the future, the company will continue to focus on the main business to become better and stronger, and promote the high-quality development of the capital market. In addition, the Company did not forget to repay shareholders while taking advantage of the development of the capital market. In recent years, the Company has allocated more than 30% of its annual profits for cash dividends.
"As long as we adhere to standards, innovation and compliance with the law, we can rely on the capital market to achieve sustainable development," Wu Peifu said.