On February 28, Friend Co.Ltd(605050) released the performance express. During the reporting period, the company achieved a total operating revenue of 9.953 billion yuan, an increase of 48.8% over the same period last year; The net profit attributable to shareholders of listed companies was 339 million yuan, an increase of 10.32% over the previous year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 317 million yuan, an increase of 14.17% over the same period of last year. By the end of 2021, the company was in good financial condition, with total assets of 6.495 billion yuan at the end of the period, an increase of 19.23% over the beginning of the year; The owner’s equity attributable to shareholders of listed companies was 3.144 billion yuan, an increase of 8.37% over the beginning of the year.
In 2021, closely focusing on the established strategic development objectives, the company continued to deepen the layout of the industrial chain, strengthen upstream and downstream cooperation, actively explore emerging markets, enhance its scale effect and expand its business scope. In addition, the company also actively promoted lean production and intelligent transformation of equipment, further improved capacity utilization and supply chain service operation efficiency, and steadily improved the company’s operating performance in 2021.
The company said that the sharp increase in total operating revenue was mainly due to the improvement of the company’s product sales and the rise in the price of upstream raw materials. On the one hand, with the year-on-year growth of sales in China’s automobile industry, through the unremitting efforts of all employees of the company, the company’s product sales increased by 14.21% year-on-year (relevant data have not been audited). On the other hand, with the substantial increase in the price of upstream raw materials of the company (the annual average purchase unit price of raw materials of the company increased by 30.52%, and the relevant data were not audited), the sales price of the company’s products followed the market, thus realizing a large proportion of the growth of sales revenue.
