Xingyuan Material: Net profit in the first quarter increased by 162.01%-178.18% year-on-year _ Securities Times Network

Securities Times e company news, Xingyuan Material (300568) released a performance forecast on the evening of April 21, and it is expected that the net profit attributable to the parent in the first quarter of 2022 will be 162 million yuan to 172 million yuan, a year-on-year increase of 162.01%-178.18%. During the reporting period, the market demand for the company’s products was strong, and the production capacity release effect was significant. The company strengthened strategic cooperation with customers and effectively promoted cost control, which led to a growth in net profit compared with the same period of the previous year. During the reporting period, it is estimated that the impact of non-recurring gains and losses on the company’s current net profit attributable to shareholders of listed companies is approximately RMB 12 million.