Sibao Technology’s net profit in the first half of the year is expected to increase by 25% to 45%

In the evening of July 12, ChengduSibao TechnologyCompany limited by shares (hereinafter referred to as “Sibao Technology“) Disclosure for the first half of 2021PerformanceThe notice is expected to be attributed to listed companies in the first half of the yearshareholderofNet profit89.7 million yuan to 104.05 million yuan, a year-on-year increase of 25% to 45%.

　　Sibao TechnologySaid that during the reporting period, the prices of upstream raw materials continued to be high, and the company adhered to the management theme of “high quality and high service” and maintained rapid growth in performance.Operating incomeA year-on-year increase of over 80%.

Specifically, in the field of construction adhesives, Sibao Technology has continued to increase its market share by virtue of its good brand awareness and influence. The company’s sales of high-end construction adhesives have increased significantly, and it has stabilized its leading position in the industry. In the field of industrial adhesives, benefiting from the booming development of the new energy industry,Solar energyThe number of major customers and purchase share of photovoltaic adhesives increased, and the companySolar energyThe performance of photovoltaic adhesives has achieved better growth; the accelerated import substitution of electrical and electronic adhesives and automotive adhesives has helped the company’s industrial adhesive performance to improve steadily. In addition, Sibao Technology expects that the impact of non-recurring gains and losses in the first half of the year on profits will be approximately RMB 6 million to 7 million.

Since 2021, Sibao Technology has won manyBrokerageGive a “buy” or “overweight” rating.Tianfeng SecuritiesResearch reportSaid that, as a leading company in the silicone sealant industry, the company has continued to increase its market share. Environmental protection and real estate developers’ refined decoration have driven the increase in the concentration of the construction adhesive market. The company is a domestic first-line leader with a market share of only about 8%, and there is a lot of room for improvement in the future. The rapid growth of prefabricated buildings and the large market for the substitution of industrial rubber imports, we believe that the company has broad room for development. According to the company’s plan, the target output value in 2030 is 10 billion yuan, which is expected to increase by more than five times compared with 2020.

(Source: Securities Daily)

Article source: Securities Daily

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Original title: Sibao Technology‘s net profit in the first half of the year is expected to increase by 25% to 45%