Chongqing Shunbo Aluminum Co.Ltd(002996) expected profit growth of 15% to 40% in 2022

according to the 2021 annual report released on March 14, Chongqing Shunbo Aluminum Co.Ltd(002996) 3, the company achieved an operating revenue of 9.985 billion yuan last year, a significant increase of 105.07% year-on-year; The net profit attributable to the parent company was 342 million yuan, a year-on-year increase of 74.74%; The net profit after deducting non profit was 243 million yuan, an increase of 32.90%, and the earnings per share was 0.78 yuan. The company's profit distribution plan for 21 years is to pay out 1.00 yuan (including tax) for every 10 shares.

It is understood that during the reporting period, the company seized the industrial opportunity of strong demand for aluminum resources in China, relying on the original production bases in Hechuan, Chongqing, Liyang, Jiangsu and Qingyuan, Guangdong, and Hubei Xiangyang production base with rapid increase in capacity and output in 2021, and gave full play to the capacity layout, technology application and reserve, procurement channels, customer resource development With the advantages of refined production and operation management and control, the rapid growth of product output and sales volume has been realized, and the business efficiency of the enterprise has been further improved. At present, the company has developed into the largest renewable aluminum production enterprise in Southwest China and China's leading one.

During the reporting period, with the support of a series of national incentive policies, the company increased the participation of recycling channels, actively established extensive and in-depth cooperative relations with the majority of China's waste aluminum recycling channels, built a waste aluminum recycling supply chain, and effectively ensured the stability and timeliness of raw material supply. At the same time, it actively participated in the mixed reform of state-owned enterprises, acquired 100% equity of Chongqing Aobo aluminum material manufacturing Co., Ltd. through Chongqing stock exchange, and initially entered the deformed aluminum alloy application market, creating favorable conditions for building a two-wheel drive business of "casting aluminum alloy raw material supply + deformed aluminum alloy raw material supply" in the future and accelerating the implementation of grade protection and utilization of waste aluminum resources.

According to the characteristics of its large amount of aluminum ash production, through multi-party investigation and technical demonstration, the company has selected the technical route and carried out the preliminary site selection and environmental assessment of the harmless comprehensive utilization project of aluminum ash hazardous waste resources in Dazu, Chongqing, Xiangyang, Hubei and Ma'anshan, Anhui, so as to actively cultivate new business growth space in the future.

Looking forward to the future, Chongqing Shunbo Aluminum Co.Ltd(002996) said that relying on the steady development of its own recycled aluminum business, it will continue to expand the layout of production areas and products, enrich the application fields of products, continuously improve China's market share and profitability, and continue to consolidate and enhance its comprehensive strength and Industry influence; At the same time, adhere to the coordinated development strategy of "recycled cast aluminum alloy + recycled deformed aluminum alloy + aluminum ash hazardous waste disposal", make full use of China's capital market, seize the favorable opportunity of industry integration and development, and strive to promote the layout activities in key areas and key applications of the recycled aluminum industry, so as to continuously strengthen and expand.

According to the 2022 financial budget report and business plan prepared by the company, the company reasonably expects the year-on-year growth rate of operating revenue and net profit in 2022 to be 15% - 30% and 15% - 40% respectively.

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