Zhenhua New Materials: Product sales have increased significantly, and it is expected to achieve a net profit of 380 million to 430 million yuan in 2021_Oriental Fortune Network

Zhenhua New Materials will release the 2021 annual report after the market on January 19performancepre-profitannouncement, the company expects to be attributable to listed companies in 2021shareholderofnet profit380 million to 430 million yuan, compared with a loss of 170 million yuan in the same period last year, turning losses into profits year-on-year; it is expected to achieve a net profit of 370 million to 420 million yuan attributable to shareholders of listed companies after deducting non-recurring gains and losses, compared with 370 million yuan in the same period last year. Loss of 194 million yuan.

For the turnaround of performance, the announcement shows that in 2021, the power of new energy vehicles will beBatteryThe market is growing rapidly, and the company’s downstream customers have strong demand for cathode materials. On the basis of the stable release of existing production capacity, the company’s new production capacity of the second phase of Yilong project has been gradually released, and the annual product sales increased by about 2.8 times year-on-year.

At the same time, the company’s new product research and development and industrialization achieved positive results, the product structure was gradually optimized, and the profitability continued to improve.The company’s revenue share of high nickel ternary materials in 2021Operating incomeThe proportion has increased significantly compared to 2020.

In addition, the company’s capacity utilization rate and production and sales volume in 2021 will be significantly improved compared with 2020. The release of scale effect will drive cost reduction and efficiency increase in production and manufacturing. The company has also strengthened the procurement layout of some key raw materials to effectively control upstream raw material costs and improve profitability. .

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

Responsible editor: 91

Original title: Zhenhua New Materials: Product sales have increased significantly, and it is expected to achieve a net profit of 380 million to 430 million yuan in 2021