On February 27, Nantong Xingqiu Graphite Co.Ltd(688633) released the performance express of 2021. During the reporting period, the company achieved an operating income of 5147185 million yuan, a year-on-year decrease of 8.02%; The net profit attributable to the owners of the parent company was 1222165 million yuan, a year-on-year decrease of 19.38%; The net profit attributable to the owners of the parent company after deducting non recurring profits and losses was 1003882 million yuan, a decrease of 26.62% over the same period of the previous year.
As for the reasons for the decline in performance, Nantong Xingqiu Graphite Co.Ltd(688633) said that firstly, among the company’s main products in the reporting period, the proportion of large complete sets of equipment with relatively long installation and commissioning cycle increased, and the revenue recognition cycle of such projects was long, resulting in the decline of operating revenue in the current period; Secondly, during the reporting period, the prices of main raw materials graphite and steel increased, resulting in an increase in the material costs of the company’s main products; In addition, the company has increased personnel reserves and improved employee compensation and welfare standards, resulting in an increase in labor costs and related expenses.
It is mainly used in the field of high-end equipment and environmental protection, and is committed to the field of high-end equipment and display materials. The company is a national manufacturing champion demonstration enterprise, one of the first batch of national small giant enterprises specializing in special new products, and China’s large graphite chemical equipment R & D and production base. It has been deeply engaged in the field of graphite equipment for a long time, and has established stable cooperative relations with high-quality customers in Shaanxi Beiyuan, Zhongtai group, Yangnong group and other industries.
