Leading product prices rise, Tongfeng Electronics’ 2021 net profit will increase by 547% – Teller Report Teller Report

　　Copper Peak ElectronicsMarch 9 eveningannouncementit is expected to achieve a total operating income of 1.001 billion yuan in 2021, a year-on-year increase of 18.19%;net profit51.1569 million yuan, a year-on-year increase of 546.80%.

　　Copper Peak Electronicssaid that thisperformanceThe increase was mainly due to the impact of the main business. In 2021, the company’s downstream market demand will increase, leading product prices will rise, and the company’s sales revenue will increase.At the same time, the company actively adjusts product structure and strengthens internal management.interest rateCompared with the same period of last year, the profitability of products has increased.

It is reported that the company has long been engaged in the research and development, manufacturing and sales of film capacitors and their film materials, quartz crystal devices, precision connectors and other products, has cultivated and reserved a large number of scientific research and manufacturing engineering and technical personnel, and has accumulated rich practical experience. And gradually form a R&D team mainly composed of core technology R&D personnel and scientific research experts. The company has established technical personnel positions and salary promotion channels, intensified the introduction and training of talents, and strengthened the incentives for scientific and technological innovation achievements. The technical talent team is stable and has obvious talent advantages among domestic counterparts. The company has a professional team of high-quality R&D talents, and nearly 30% of the scientific and technological personnel are engaged in the research and development of high-tech products. It has a group of domestic outstanding technical experts in electrical thin films, metallized thin films, capacitors and crystal devices, and precision connectors. (Meng Xiaohong)

(Article source: ShanghaisecuritiesNewspaper Chinasecuritiesnetwork)

Article source: Shanghai Securities News China Securities Network

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Original title: Leading product prices rise, Tongfeng Electronics’ 2021 net profit will increase by 547%