Hunan Changyuan Lico Co.Ltd(688779) : in 2021, the net profit was 701 million yuan, with a year-on-year increase of 538.17%

Hunan Changyuan Lico Co.Ltd(688779) on February 16, the annual performance express of 2021 was disclosed. In 2021, the company achieved a total operating revenue of 6.841 billion yuan, a year-on-year increase of 240.25%; The net profit attributable to the shareholders of the listed company was 701 million yuan, a year-on-year increase of 538.17%.

During the reporting period, Hunan Changyuan Lico Co.Ltd(688779) was in good financial condition, with total assets of 9.398 billion yuan at the end of the period, an increase of 101.20% over the end of the previous year; The owner’s equity attributable to the parent company at the end of the period was 6.523 billion yuan, an increase of 105.44% over the end of the previous year.

Hunan Changyuan Lico Co.Ltd(688779) said that in 2021, the demand for new energy vehicles was strong, the sales volume increased significantly, the installed capacity of power batteries increased sharply, the demand of downstream customers for the company’s products increased rapidly, the company’s products were in short supply, and the production and sales volume increased significantly year-on-year. At the same time, the company’s production line operates at full capacity, the capacity utilization rate is significantly improved, the cost is reduced and efficiency is increased under large-scale production, the unit manufacturing cost of products is reduced, the gross profit is increased, and the company’s profit is increased.

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