Antai Technology: Net profit in 2021 is expected to increase by 54.65%-67.22% year-on-year

Securities Times e company news, Antai Technology (000969) released a performance forecast on the evening of January 10, and it is expected that the net profit attributable to the parent will be 160 million yuan to 173 million yuan in 2021, a year-on-year increase of 54.65% to 67.22%. The main reason for the substantial increase in operating performance is that through continuous reform and adjustment and increased investment in technological innovation, the company’s industrial structure and product structure adjustment effects have begun to show, and the company’s main industry product profitability has been significantly enhanced. Among them, the company’s two core businesses “Refractory Tungsten and Molybdenum Deep-Processed Products” and “Rare Earth Permanent Magnet Materials and Devices” have seen significant growth in sales revenue and profits.