Guangdong Tonze Electric Co.Ltd(002759) : net profit of RMB 745 million in 2021

Guangdong Tonze Electric Co.Ltd(002759) (002759) released the annual report of 2021 on the evening of February 21. In 2021, the company achieved an operating revenue of 2.253 billion yuan, a year-on-year increase of 203.24%; The net profit attributable to the shareholders of the listed company was 745 million yuan, a year-on-year increase of 7011.34%; The non net profit deducted was 741 million yuan, a year-on-year increase of 4402.81%. The company plans to distribute a cash dividend of 3.8 yuan (including tax) to all shareholders for every 10 shares.

The annual report shows that in 2021, the company’s main business was lithium hexafluorophosphate and small household appliances, of which lithium hexafluorophosphate accounted for more than 80% and small household appliances accounted for less than 20% of the total revenue. During the reporting period, the company seized the good market opportunity of lithium hexafluorophosphate in short supply, completed the actual output of 9364 tons with the design capacity of 8160 tons, doubled the actual output of 4602 tons last year, and achieved the best annual performance since the listing of the company. At the same time, we will actively layout the new project with an annual output of 10000 tons of lithium hexafluorophosphate and a series of power battery additives. It is expected that the project will start trial production in the second quarter of 2022. After the trial production is successful, it will further enhance the company’s industry position and competitive advantage. In addition, the company has jointly established a new company with important partners in the industrial chain, with an annual output of 30000 tons of lithium hexafluorophosphate and other important chemical products, which will open up new space for the future development of the company. At present, the project is in the preliminary preparation stage and is being actively promoted.

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