Xin'an shares: the net profit in 2021 will increase by 344% - 362% year-on-year
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On the evening of January 10, Xin'an Co., Ltd. issued a performance pre increase announcement. It is estimated that the net profit attributable to the shareholders of the listed company will be RMB 2.6 billion-2.7 billion in 2021, with a year-on-year increase of 344% ~ 362%; Deduction of non net profit is also expected to be between RMB 2.6 billion and RMB 2.7 billion, with a year-on-year increase of 548% to 574%.
The company's net profit attributable to shareholders of Listed Companies in 2021 increased significantly compared with the same period of last year, mainly due to:
1. During the reporting period, the prices of the company's main products including glyphosate, silicone and industrial silicon increased significantly year-on-year, and the profitability increased significantly year-on-year.
2. During the reporting period, the company made accurate research and judgment, systematic planning, accurately grasped market opportunities, gave full play to the advantages of integrated operation of the whole industrial chain, flexibly adjusted business strategies, focused on value tracks, actively expanded upstream and downstream market share, made positive progress in the layout of medium and high-end products, significantly increased product sales year-on-year, and effectively improved the company's business performance.
3. The company made use of the industrial chain resources accumulated for a long time, faced with the operating pressure brought by the national "double control" policy and the continuous rise of raw material prices, accurately implemented policies to ensure the stability of the supply chain, strictly controlled the safety and environmental protection risks, ensured the stable and efficient operation of major production units, and provided a strong guarantee for the substantial growth of economic performance.