Ning Xia Yin Xing Energy Co.Ltd(000862) 2021 net profit increased by 172.87%

Ning Xia Yin Xing Energy Co.Ltd(000862) 3 on March 21, the annual report of 2021 was released. In 2021, the company achieved an operating revenue of 1.359 billion yuan, a year-on-year increase of 13.11%; The net profit was 935968 million yuan, a year-on-year increase of 172.87%.

In 2021, the company's wind power generation business achieved a revenue of 1.167 billion yuan, a year-on-year increase of 21.40%, accounting for 85.85% of the total revenue. It is disclosed that the company's on grid power in 2021 was 2.378 billion kwh, an increase of 330 million kwh over the previous year, and the on grid electricity price increased by 1.82 million yuan / billion kwh year on year.

The announcement shows that the company's current installed capacity of new energy power generation industry is 1.4668 million KW, including 1.4068 million kw of wind power, which is distributed in Ningxia, Inner Mongolia and Shaanxi. Recently, the company launched the acquisition of Helanshan 200MW wind power project in Alxa Left Banner of Ningxia energy by issuing shares and paying cash, so as to further improve the scale of wind power business and profitability.

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