Yiwu Huading Nylon Co., Ltd. (hereinafter referred to as “ST Huading”), one of the companies with the strongest comprehensive strength in China’s civil nylon fiber industry, issued an announcement on the evening of November 10 stating that the company received the actual controller today Ding Zhimin informed that he received the “Notice of Release on Bail Pending Trial” issued by the Yiwu Municipal Public Security Bureau. The “Notice” showed that on August 10, the company’s actual controller Ding Zhimin was criminally detained by the Yiwu Municipal Public Security Bureau. On November 9, Yiwu The Municipal Public Security Bureau issued the “Notice of Release on Bail pending trial” and decided to release Ding Zhimin on bail pending trial. The period will start from November 9, 2020. Relevant matters are yet to be further investigated by the public security organs.
ST Huading stated that the company will actively and continuously pay attention to the progress of the above-mentioned matters and perform its information disclosure obligations in a timely manner in strict accordance with laws and regulations.
Earlier on August 11, ST Huading issued an announcement stating that Ding Zhimin, one of the actual controllers, was criminally detained by the police on suspicion of defrauding loans, bill acceptances, and financial certificates. ; The second actual controller, Ding Ermin, was suspected of illegally absorbing public deposits, and the police released him on bail pending trial. At that time, Huading Nylon stated that Ding Junmin, the company’s other actual controller and chairman, is currently performing his duties normally. Ding Zhimin and Ding Ermin do not hold the positions of directors, supervisors or senior executives in the company, and the company’s current production and operations are normal.
Public information shows that Huading Co., Ltd. was established in 2002. At present, the company has formed a dual-main business development model of differentiated civilian nylon 6 filament and cross-border e-commerce. Among them, the company’s civilian nylon filament segment Specializing in the research, development, production and sales of high-quality, differentiated civilian nylon filaments, it mainly produces six categories of civilian nylon filament products with high weaving stability and dyeing uniformity: POY, HOY, FDY, ACY, ATY and DTY. The product range Covers all specifications of 5.5dtex-444dtex.
Based on the introduction of advanced foreign production lines and engineering technologies, the company has independently developed a series of ultra-bright, ultra-low denier, ultra-coarse denier, matt, porous fine denier, hollow, flat, moisture-absorbing and sweat-wicking products. , antibacterial, deodorizing and other differentiated and functional civilian nylon filaments, the product differentiation rate is in a leading position among enterprises in the same industry. The company’s civilian nylon filament products are mainly used in high-end areas of civilian textiles such as sports and leisure clothing, swimsuits, down jackets, thin seamless underwear, lace, suits, shirts, T-shirts, windbreakers, jackets, high-end fashion fabrics, high-end socks, etc.
Huading Co., Ltd. owns the only provincial technology center in the civilian nylon filament industry in Zhejiang Province. It presides over the formulation of glossy special-shaped nylon 6 high-orientation yarn, glossy special-shaped nylon 6 draft yarn, and nylon 6 high-orientation yarn. It has 4 industry standards for yarn (HOY) and nylon 6 pre-oriented yarn (POY), and also participated in the formulation of many industry standards, national standards and international standards. Many of the company’s leading products have been recognized as “High-tech Products of Zhejiang Province”, many of which have been included in the National Torch Plan projects, and many of its products have been rated as national key new products. The company’s nylon consumer yarn products have excellent quality and are ranked first in the industry. Have high visibility and reputation.
Financial report display. In the first three quarters of 2020, ST Huading achieved total operating income of 7.22 billion, a year-on-year increase of 22.1%; net profit attributable to the parent company was 120 million, a year-on-year decrease of 53.8%; earnings per share were 0.11 yuan. During the reporting period, the company’s gross profit margin was 38.4%, a year-on-year increase of 9.4 percentage points, and the net profit margin was 1.7%, a year-on-year decrease of 2.8 percentage points.
As of press time, ST Huading’s stock price closed at 3.54 yuan per share this afternoon, an increase of 5.04%, with a total market value of 4.041 billion yuan.
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