1, good performance. In 2022, 70%-90% of the performance of Gaomeng New Materials will be provided by the acquired Wuhan Huasen. Wuhan Huasen Plastic Company is in a profitable state with good performance, while Nantong New Materials is in a state of increasing income without increasing profit.
2. Wide business scope. Huasen Plastics is a high-tech enterprise specializing in the R&D and production of automotive plastics and rubber products, with high technology content and wide business scope. Nantong Gaomengxin mainly deals in adhesives, with low technology content and small business scope.