Securities abbreviation: Hubei Xingfa Chemicals Group Co.Ltd(600141) securities code: Hubei Xingfa Chemicals Group Co.Ltd(600141) Announcement No.: pro 2022029 Hubei Xingfa Chemicals Group Co.Ltd(600141)
Announcement of performance increase in the first quarter of 2022
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
● Hubei Xingfa Chemicals Group Co.Ltd(600141) (hereinafter referred to as “the company”) expects to realize a net profit attributable to shareholders of the listed company of about 170 million yuan in the first quarter of 2022, with a year-on-year increase of 379.35%. ● after deducting non recurring profits and losses, the company expects to realize a net profit attributable to shareholders of listed companies of about 168 million yuan in the first quarter of 2022, with a year-on-year increase of 379.14%.
1、 Performance forecast of the current period
(I) performance forecast period
January 1, 2022 to March 31, 2022 (hereinafter referred to as the “reporting period”).
(II) performance forecast
1. According to the preliminary calculation of the financial department, the net profit attributable to the shareholders of the listed company in the first quarter of 2022 is expected to be about 170 million yuan, an increase of 1345353600 yuan over the same period of the previous year, a year-on-year increase of 379.35%.
2. It is estimated that in the first quarter of 2022, the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will be about 168 million yuan, an increase of 1329372300 yuan over the same period of the previous year, a year-on-year increase of 379.14%.
3. The performance forecast of the current period has not been audited.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of the listed company: 3546464 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 3506277 million yuan.
(II) earnings per share: 0.32 yuan.
3、 Main reasons for performance increase in the current period
The net profit attributable to the shareholders of the listed company in the reporting period increased significantly compared with the same period of last year, which is mainly affected by the following factors: first, during the reporting period, the chemical industry generally continued the business cycle since 2021, and the sales prices of the company’s main products glyphosate, yellow phosphorus and phosphate fertilizer continued to maintain a high level. The company actively grabs the favorable market situation, scientifically organizes production and operation, and gives full play to the advantages of the industrial chain of “integration of mining, electrification, phosphorus and silicon salt” and “combination of mining and fertilizer”. Second, the 400000 T / a synthetic ammonia project of Yichang xingxinglantian Technology Co., Ltd., a joint-stock enterprise of the company, and the 3 million T / a low-grade collophanite beneficiation and deep processing project of Yidu Xingfa Chemical Co., Ltd., a wholly-owned subsidiary of the company, were successively completed and put into operation in the second and third quarters of 2021. During the reporting period, the production and sales of phosphate fertilizer of the company increased significantly compared with the same period of last year. Third, benefiting from the rapid development of downstream carbon fiber and integrated circuit industries, the company had strong demand for new chemical materials such as dimethyl sulfoxide and wet electronic chemicals during the reporting period, significantly improved its profitability over the same period of last year, and significantly increased its product benefits.
4、 Other risk tips
The company has no major uncertainty factors that may affect the accuracy of the performance forecast.
5、 Other explanatory matters
The above forecast data is only the preliminary calculation data of the company’s financial department. The specific and accurate financial data shall be subject to the first quarter report of 2022 officially disclosed by the company. Please pay attention to the investment risk. It is hereby announced.
Hubei Xingfa Chemicals Group Co.Ltd(600141) board of directors
March 28, 2022
