On May 4, Pengcheng New Materials (839392) recently released its 2022 annual report. During the reporting period, the company achieved operating income of 157,288,028.03 yuan , a year-on-year increase of 12.63%; the net profit attributable to shareholders of listed companies was 5,856,884.18 yuan , a year-on-year decrease of 27.88%.
During the reporting period, the operating profit was 5,472,109.04 yuan, a decrease of 30.80% compared with the same period. The main reason is the increase in R&D investment and the decrease in government subsidies ; the company increased R&D investment in developing new products and technology upgrades in order to expand the market and develop new customers ; R&D expenses were 12,086,245.83 yuan, an increase of 62.84% over the same period.
The company specializes in the research, development, and production of various high-grade plastic composite flexible packaging materials for medicine and food. The products cover many fields such as medicine, dairy products, meat filling products, vacuum food, wine, daily chemical products, beverage shrink bottle labels, etc. .
