Luyang Energy-Saving Materials Co.Ltd(002088) : the net profit in 2021 was about 535 million yuan, with a year-on-year increase of 44.41%

Luyang Energy-Saving Materials Co.Ltd(002088) on February 18, the performance express for 2021 was released. In 2021, the total operating revenue was about 3.164 billion yuan, a year-on-year increase of 36.04%; The net profit attributable to the shareholders of the listed company was about 535 million yuan, a year-on-year increase of 44.41%.

The company said that the performance increase was mainly due to the increase of the company's production capacity, the improvement of production efficiency and the increase of the company's product production and sales during the reporting period.

In 2021, the promotion of national energy conservation and carbon reduction and the implementation of dual control policies on energy consumption will bring risks and opportunities to the development of ceramic fiber industry. The company has made full use of its advantages, acted quickly, and advanced the transformation of sales mode, and has been constantly upgrading the market competitiveness of technological transformation, expanding production, optimizing technology standards, production capacity, production efficiency and technology advancement of the company, and the quality of products, service quality and advanced technology. The company's market share has been further improved, the scope of product application has been further expanded, and the number of product production and sales has reached a new high.

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