Shunbo Alloy: Product production and sales have increased significantly, and net profit in 2021 will increase by 74.74% year-on-year.

　　Shunbo AlloyThe 2021 annual report will be released on the evening of March 14th, and the company will realize it in 2021Operating income9.985 billion yuan, a year-on-year increase of 105.07%; attributable to listed companiesshareholderofnet profit342 million yuan, a year-on-year increase of 74.74%; basic earnings per share were 0.78 yuan. The company plans to distribute a cash dividend of 1 yuan (tax included) to all shareholders for every 10 shares.

According to the annual report, the company’s main business is the production and sales of recycled aluminum alloy ingot (liquid) series products in the field of circular economy. During the reporting period, the company seized the industrial opportunity of strong domestic demand for aluminum resources, relying on the company’s original production bases in Chongqing Hechuan, Jiangsu Liyang, Guangdong Qingyuan and Hubei Xiangyang production base with rapid increase in production capacity and output in 2021, to give full play to the company. Over the years, we have deeply cultivated the advantages of production capacity layout, technology application and reserve, procurement channels, customer resource development, and refined management and control of production and operation in the recycled aluminum industry, which have achieved rapid growth in product output and sales, and further improved corporate operating efficiency.

In the future, the company stated that it will rely on the steady development of its own secondary aluminum business, adhere to the coordinated development strategy of “recycled cast aluminum alloy + recycled deformed aluminum alloy + aluminum ash hazardous waste disposal”, and make full use of the domestic capital market platform and Tools, seize the favorable opportunity of industry integration and development, and devote to promoting the layout activities in key areas of the secondary aluminum industry and key applications in the aluminum industry, and continue to become stronger and bigger.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

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Original title: Shunbo Alloy: Product production and sales have increased significantly, and net profit in 2021 will increase by 74.74% year-on-year