During the reporting period, the prices of bulk raw materials rose by about 20-40% year-on-year, and the average price of natural gas rose by more than 30%. Although the price of the company’s products showed an upward trend, the price adjustment speed and range were slower than that of raw and auxiliary materials, and the operating profit was affected. During the reporting period, the company has completed the transfer of assets and other work, and confirmed a net income of 159 million yuan. During the reporting period, the company invested about 70.599 million yuan in research and development expenses, an increase of about 14.109 million yuan or about 25% over the same period of the previous year.

According to the data, Amway Co., Ltd. was established in 1994. The company mainly produces and operates ecological functional polyurethane composite materials. It is currently the largest enterprise specializing in R&D and production of ecological functional polyurethane synthetic leather and composite materials in the country. “Strong Enterprise” and ranked first in the comprehensive ranking, it is the “National Manufacturing Single Champion Demonstration Enterprise” recognized by the Ministry of Industry and Information Technology.