Suzhou Shihua New Material Technology Co.Ltd(688093) net profit in 2021 increased by 42.18% year-on-year

On the evening of February 18, Suzhou Shihua New Material Technology Co.Ltd(688093) released the performance express of 2021. The announcement shows that in 2021, the company achieved an operating revenue of 425 million yuan, a year-on-year increase of 29.32%; The net profit attributable to the owners of the parent company was 183 million yuan, a year-on-year increase of 42.18%; The net profit attributable to the owners of the parent company after deducting non recurring profits and losses was 146 million yuan, with a year-on-year increase of 18.33%.

Suzhou Shihua New Material Technology Co.Ltd(688093) said that in 2021, facing the complex situation of repeated covid-19 epidemic, shortage of parts in the global supply chain of key customers, rising raw material and labor costs, regional power limitation and control, the company calmly responded by strengthening product innovation and upgrading, optimizing customer structure and product structure, changing business growth mode, improving customer service ability of terminal brands and other measures, Remarkable results have been achieved. The company's industry continues to improve, the company's financial condition is healthy, the operation is stable, the risk control ability is further improved, and high-quality growth can be expected. At the same time, in 2021, the company completed the completion acceptance of civil engineering for the expansion and upgrading project of functional materials invested by the company, and some new production lines were gradually put into operation and released production capacity; Shichen material technology (Shanghai) Co., Ltd., a wholly-owned subsidiary of the R & D center construction project, is the main body of implementation, which has laid a good foundation for introducing high-end talents and improving R & D capacity; Jiangsu Shituo project has been steadily promoted, broadened and strengthened the company's product line, and the industrial chain has been effectively extended and improved. (Lin Yi)

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