The price of strontium salt products has risen sharply, and Jinrui Mining’s net profit in 2021 will increase by more than 20 times jqknews

　　Jinrui MiningThe annual report will be released on the evening of March 21. 2021 Company RealizationOperating income361 million yuan, a year-on-year increase of 121.67%;net profit77.3603 million yuan, a year-on-year increase of 2060.83%, and the net cash flow from operating activities was 71.0748 million yuan, a year-on-year increase of 1532.81%.

The annual report disclosed that the downstream market demand of the strontium salt industry will continue to pick up in 2021, while some production enterprises in the industry are under-operated and production capacity shrinks, which will have an impact on the market supply and demand relationship. The data shows that in 2021, the company’s product sales price of strontium carbonate is 10,500 yuan/ton, a year-on-year increase of 109.60%; the metal strontium sales price is 63,600 yuan/ton, a year-on-year increase of 114.86%.

The company stated that domestic strontium salt products are developing towards electronic-grade, nano-grade, functionalized fine and high value-added chemicals. The company will increase R&D investment, carry out product technology innovation, improve and optimize product structure and product layout, and expand products. In the downstream application field, the industrial chain of strontium salt series products will be continuously extended to improve the company’s operating quality and profitability. In 2022, the company plans to achieve sales revenue of 329 million yuan from main products.

(Article source: ShanghaisecuritiesNewspaper Chinasecuritiesnetwork)

Article source: Shanghai Securities News China Securities Network

Responsible editor: 73

Original title: The price of strontium salt products has risen sharply, and Jinrui Mining’s net profit in 2021 will increase by more than 20 times