Xinjin Road: Achieved a net profit of 162 million yuan in the first half of the year, a year-on-year increase of 275.59%

　　Xinjin RoadThe 2021 semi-annual report will be released on the evening of August 18.In the first half of the year, the company achievedOperating income1.454 billion yuan, a year-on-year increase of 41.73%; to be attributable to listed companiesshareholderofNet profit162 million yuan, an increase of 275.59% year-on-year. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 168 million yuan, a year-on-year increase of 505.55%; basic earnings per share were 0.27 yuan.

Regarding the increase in operating income, the company stated that it was mainly due to the increase in the production and sales of resin products and alkali products during the reporting period and the increase in the sales price of resin products over the same period last year.

　　Xinjin RoadHas 50 years ofChlor-Alkali Chemical IndustryDevelopment history, as one of the earliest listed companies in Sichuan, the company hasChlor-Alkali Chemical IndustryAs a basis, supporting warehousing, logistics and other businesses, the company’s leading products are polyvinyl chloride resin (PVC) and caustic soda.

The semi-annual report shows that in the first half of 2021, the domestic PVC market under the influence of various factors such as “in-place Chinese New Year”, “American cold wave”, “energy dual control” and other factors, the price of PVC products has been maintained at a high level, refreshing a 10-year historical high. Stimulated by the substantial increase in profits, the operating rate of domestic enterprises increased compared with the previous two years, and the average operating rate in the first half of the year was 82.9%. Under the high operating rate, PVC production has increased significantly. From January to June in 2021, my country’s PVC production is estimated to be 11.463 million tons, an increase of 15.17% over the same period last year.

(Source: China Securities Journal·China Securities Network)

Article source: China Securities Journal·China Securities Network

Editor in charge: DF557

Original title: Xinjin Road: Achieved a net profit of 162 million yuan in the first half of the year, an increase of 275.59% year-on-year