On January 27, Cig Shanghai Co.Ltd(603083) released the announcement of performance pre profit. It is expected that the net profit attributable to the shareholders of the listed company will reach 46 million yuan to 68 million yuan in 2021, an increase of 312 million yuan to 334 million yuan compared with 2020, turning losses into profits year-on-year.
During the reporting period, the company had strong demand and sufficient orders in the communication and digital communication markets outside China. At the same time, the general shortage of Pan industry chips and the continuous shortage of international logistics resources affected the delivery of orders. Focusing on the established strategic deployment, the company strives to improve the comprehensive gross profit level. According to the preliminary calculation of the financial department, the operating revenue in this period is expected to be about 2.9 billion yuan, the gross profit of sales in this period increased by more than 200 million yuan compared with the same period of last year, and the gross profit margin of sales in this period is nearly 20%, which is also significantly higher than that in the same period of last year.
The company’s earnings forecast in this period is mainly due to: the traditional business continues to promote the transformation and upgrading of product structure to high-end, and improves the gross profit margin of traditional business sales by about 3.7 percentage points to about 18%; The optoelectronic business has successively stopped OEM of overseas factories and replaced localized production, increasing the gross profit margin of optoelectronic business by about 21 percentage points to about 28%. At the same time, we continued to implement various cost reduction and efficiency enhancement measures, and the cost decreased by more than 60 million yuan during the whole year. In addition, the company disposed of all the equity of its wholly-owned subsidiary, Zhejiang Cambridge Electronic Technology Co., Ltd., and realized an investment income of about 20 million yuan.
