Spunlaced nonwoven fabrics leader Nbond shares first half net profit growth of 41.93%! The company's multi-business layout, to create a complete industry chain in the hydroentanglement industry



On August 25, Nbond shares (603238.SH) released 2023 annual semi-annual report, revenue and net profit have achieved double-digit growth. In the first half of the year, the company realized operating income of 862 million yuan, an increase of 19.88% year on year; realized net profit of 30,511,300 yuan, an increase of 41.93% year on year; after deducting the net profit of 26,059,200 yuan, a year-on-year surge of 158.73%.

The company continues to invest in research and development, thickening the strength of research and development

Nbond is an enterprise specializing in the research, development, production and sales of differentiated and personalized spunlaced nonwoven materials and their products. The spunlaced nonwoven materials produced by the company are mainly used in four major product areas, including beauty care, civil cleaning, industrial materials and medical materials.

The company vigorously promotes the development of new products and optimization of product structure, and further gives full play to the dispersible technology to enrich the health and green care product line. During the reporting period, the company obtained 20 new authorized patents, including 6 invention patents. At present, from the data of listed companies in the household paper industry that have disclosed half-yearly reports, Nbond shares with 3.83% of R & D expenditures accounted for the proportion of operating income in the forefront of the industry.

Multi-business layout, to create a complete industry chain of spunlace industry

The company has formed the development mode of spunlace nonwoven materials and its products, and has opened up the business layout from coil materials to downstream products and then to terminal brands. The company has eleven spunlace production lines and one R&D test line, covering dry carding, wet molding and wet/dry mixing production processes, with an annual production capacity of nearly 80,000 tons, and the scale of the production line is at the forefront of the domestic spunlace nonwoven material industry. Under the framework of the main hydroentanglement process, the company extends its product line to end consumer products, creating a complete industrial chain from spunlaced nonwoven materials to products to end brands.

Nonwoven market size and corporate profitability will continue to rebound. During the epidemic, the industry actively expanded, resulting in corporate profitability under pressure, after the epidemic due to the downstream demand fall, the industry is in the bottoming out stage, more small and medium-sized enterprises have no customer accumulation and poor risk-resistant ability, in the future, as small and medium-sized enterprises out of the supply and demand to restore the balance, coupled with the cost of easing the pressure, nonwoven fabrics market size and profitability will continue to rebound.

Nbond shares as China's leading spunlace nonwoven fabrics, years of deep plowing spunlace nonwoven materials and products, accumulating more high-quality customers. Open Source Securities research report said, Nbond shares are expected to continue to seize the share by virtue of stable large customers and scale advantages.