Shunbo Alloy’s Guangdong subsidiary resumes production and resumes production for 12 days without major impact.

　　Shunbo AlloyOn the evening of April 17, it was announced that a few days ago, Guangdong Shunbo Aluminum Alloy Co., Ltd., a wholly-owned subsidiary of the company, has completed safety self-inspection and self-correction under the guidance of local government departments, and began to fully resume production on April 16. The company stated that the temporary suspension of production for 12 days has had a certain impact on the production and operation activities of Guangdong Shunbo. However, thanks to the company’s nationwide layout advantages, during the temporary shutdown of Guangdong Shunbo, the company tried to meet the delivery needs of customers through production allocation, internal allocation and other methods, which did not have a significant impact on the company’s overall business activities.

It is reported that, affected by the safety production accident in Qingyuan City, Guangdong Province, Guangdong Shunbo has temporarily suspended production since the evening of April 4 this year in accordance with the requirements of the local government department to conduct safety self-examination and self-correction.

The latest financial report shows that in 2021Shunbo AlloyaccomplishOperating income9.985 billion yuan, a substantial increase of 105.07% year-on-year;net profit342 million yuan, a year-on-year increase of 74.74%; net profit after deduction of non-deductibles was 243 million yuan, an increase of 32.90%. The company expects to achieve a net profit of 108 million yuan to 139 million yuan in the first quarter of 2022, a year-on-year increase of 37.10% to 77.42%, mainly due to the upgrade of Hubei Shunbo’s production capacity and output, as well as the advantages of the country’s multi-regional comprehensive layout It has been consolidated and improved, and the service and sales expansion capabilities for existing customers and some new customers have also been continuously enhanced. The sales volume has increased slightly, and the sales price has also increased compared with the same period last year, which has led to an increase in profitability. In addition, the government subsidies received by the company during the reporting period increased year-on-year.

(Article source: ShanghaisecuritiesNewspaper Chinasecuritiesnetwork)

Article source: Shanghai Securities News China Securities Network

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Original title: Shunbo Alloy’s Guangdong subsidiary resumed production and resumed production for 12 days without major impact