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Huadi International Group (NASDAQ: HUDI) has seen a significant increase in operating profit in 2021

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Huadi International Group (NASDAQ: HUDI) has seen a significant increase in operating profit in 2021

May 13
03:40 2022

On February 2, 2022, NASDAQ: HUDI, which specializes in the production of stainless steel seamless tubes and stainless steel rods of various materials, released its audited financial report for fiscal year 2021 in Wenzhou, China.

According to the report data, in fiscal 2021, Huadi International achieved operating income of 70.25 million US dollars and gross profit of 11.32 million US dollars, an increase of 18.79% and 6.15% year-on-year. This eye-catching data is particularly difficult in the context of the epidemic. Through data observation, we can find that Huadi International is also under great operating pressure, and operating costs will increase to $8.74 million in fiscal 2021. However, under heavy pressure, it still maintains a revenue growth rate of 18.79%, but it also shows a muscle to the market, and each percentage point highlights vantage’s international domineering and strength.

Investors are naturally also eager.

 

From the perspective of market layout, the traders of Huadi International are also far-sighted. Far from the obscurity of the times and the economic downturn, we will steadily grasp the growth opportunities brought by the building materials market, so that Huadi International’s sales will not fall but rise. The clever point of this decision is that the helmsman of Huadi International has taken advantage of the opportunity when the demand for building materials has increased and the contradiction of the overall supply chain of the market has not yet been revealed.

In terms of the world’s major international markets, Huadi International takes the Chinese market as the basic disk, bravely explores overseas markets, and also brings about a double harvest situation at home and abroad. Among them, the international market revenue soared by 44.2%, which can be described as fruitful, which is due to the long-term market layout of Huadi International. Huadi International has more than 20 sales companies and special distribution companies in China, with self-support import and export rights, perennial development of the United States, Germany, India, Australia, the United Arab Emirates and other dozens of countries and regions of the market, strategic allies and distributors all over the world.

 

In terms of process and product layout, Huadi International has invested in the construction of new perforation, cold rolling, steelmaking workshop, rolling mill, and introduced advanced production equipment such as smelting, cold rolling/cold drawing, inspection and testing. Its series of products are rich, there are 304, 304L, 304H, 321, 321H, 316, 316L, 317L, 310S, 347H, S31500, S31803, S32205, stainless steel seamless tube specifications are (6MM-720MM) OD× (1.00MM-30.00MM) WT × (4000-15000MM) LONG and OD12MM-OD300MM stainless steel round steel, etc. It is widely used in aerospace, petroleum, chemical, chemical fiber, pharmaceutical machinery, smelting, papermaking, food, shipbuilding and other industries, laying the most backbone product force for the market blueprint of Huadi International.

So far, Huadi International has formed a grand with products as the core, research and development as the driver, channels as the chain, and market as the goalSteel Empire。 Partners are flocking to china, such as national nuclear power, China aerospace, And China Electricity, PetroChina, CNOOC, CRRC, China Huaneng, etc. all recognize Huadi International’s products and have formed long-term and stable cooperative relations.

On October 28, 2021, Huadi International signed a strategic cooperation framework agreement with Zhejiang Lanneng Gas Equipment and decided to jointly develop and produce stainless steel pipes for high-pressure hydrogen storage tanks. While bringing new orders, it has also injected new vitality into Huadi International.

The financial report of 2021 is not only the creation of Huadi International’s counter-trend, but also the beginning of a new journey. With a strong basic disk, Huadi International’s business blueprint is also slowly unfolding into the future, whether in China or overseas, Huadi International is creating miracles.

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