Cngr Advanced Material Co.Ltd(300919) the performance forecast for 2021 was released on the evening of January 27. The company expects to realize a net profit of 908-962 million yuan attributable to shareholders of Listed Companies in 2021, with a year-on-year increase of 116.11% – 128.96%; It is estimated that the net profit after deducting non recurring profits and losses will be 748 million yuan to 802 million yuan, with a year-on-year increase of 115.61% – 131.17%.
For the reasons for performance changes, the announcement shows that during the reporting period, benefiting from the high boom development of the new energy industry, the surge in sales of electric vehicles brought about the rapid development of the power lithium-ion battery industry and strong demand for ternary precursors. In 2021, the total sales volume of ternary precursor and Co3O4 of the company was about 176000 tons.
At the same time, during the reporting period, the company’s initial raised investment projects were completed and put into operation, the release of production capacity continued to accelerate, the management was improved, the cost reduction and efficiency increase were increased, the structure of superimposed products and customers was continuously optimized, and the proportion of industrial integration increased steadily, jointly promoting the rapid growth of the company’s performance.
In addition, the company expects that the impact of non recurring profits and losses on the company’s net profit in 2021 will be about 160 million yuan, mainly due to the government subsidies received by the company.
