Harta's latest performance

HARTA's revenue increased by 2.4% compared to the same period last year, mainly due to increased ASP and higher US dollar exchange rates. The lower margin this quarter was mainly due to an increase in the price of raw materials, but Harta mentioned that demand for gloves has also increased. The quarter was still profitable on interest.

Demand for rubber gloves showed initial signs of improvement, and sales orders gradually resumed. Furthermore, capacity rationalization measures carried out by domestic manufacturers, combined with the withdrawal of some smaller market players, helped ease some oversupply pressures. The global production capacity of rubber gloves is still too high, and the rise in raw materials and natural gas prices has led to a decline in the overall margin of gloves due to the inability to increase ASP again.