The first quarterly performance forecast of 2022 in Shanghai and Shenzhen stock markets was released. The board secretary said that the products were in short supply

On the evening of February 13, Nanjing Yunhai Special Metals Co.Ltd(002182) disclosed the first quarterly performance forecast of 2022 in Shanghai and Shenzhen. The company expects to achieve a net profit of 270 million yuan to 370 million yuan attributable to shareholders of Listed Companies in the first quarter of 2022, with a year-on-year increase of 257.94% to 390.52%.

On February 14, Nanjing Yunhai Special Metals Co.Ltd(002182) board secretary Wu Jianfei told the reporter of China Securities Journal that during the reporting period, the proportion of high-end products and deep-processing products of the company increased, and the product structure was further optimized.

“After the Spring Festival, the company quickly resumed work and production. At present, the capacity utilization rate is more than 85%. The market is in short supply, and some orders with low prices have not been received.” Wu Jianfei said.

product structure optimization

According to the announcement, Nanjing Yunhai Special Metals Co.Ltd(002182) performance increased significantly due to the increase in product sales prices, product structure optimization and gross profit margin in the first quarter of 2022 compared with the same period last year.

“The natural price and gross profit margin of high-end products are higher. For example, high-performance aluminum alloy bars used in wheel hubs and 3C are much higher than those used in construction, so the price is also higher. The proportion of aluminum alloy and magnesium alloy deep-processing products of the company has increased significantly.” Wu Jianfei told the China Securities Journal.

Wu Jianfei said that the company has been gradually increasing the proportion of high-end products and deep-processing products, and continuously increasing the expansion of the company’s magnesium and aluminum products in high-end applications.

significant change in share price

After the Spring Festival, Nanjing Yunhai Special Metals Co.Ltd(002182) share price changed significantly. The cumulative increase in the first trading week after the Spring Festival reached 22.87%.

The company disclosed the announcement of share price changes on February 13. The closing price of the company has deviated from the trading value for three consecutive months (November 2, 2029) for more than 20 consecutive months. According to the self-examination of the board of directors, the company’s current production and operation are normal, and the internal and external business environment has not changed significantly. In the first quarter of 2022, compared with the same period of 2021, the product sales price of the company increased, the product structure was optimized, the gross profit margin increased, and the performance increased significantly year-on-year.

Wu Jianfei told the China Securities Journal, “metallurgy produced by furnaces has basically not stopped production, such as magnesium alloy. In terms of deep processing, it has been suspended for 5 or 6 days during the Spring Festival and resumed production on February 7. Now the capacity utilization rate is more than 85%

“At present, our production lines are not arranged enough and our products are not sold enough. Some orders with low prices have not been received.” Wu Jianfei said.

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