On March 29, Shandong Fiberglass Group Co.Ltd(605006) issued the annual report for 2021. In 2021, the company achieved an operating revenue of 2.749 billion yuan, a year-on-year increase of 37.72%; The net profit attributable to the shareholders of the listed company was 546 million yuan, a year-on-year increase of 216.78%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 528 million yuan, a year-on-year increase of 228.3%; The basic earnings per share is 1.09 yuan.
The company announced that during the reporting period, the high growth of the company’s performance was mainly due to the following two reasons: first, with the national control of the epidemic, the impact of the epidemic continued to weaken, the demand in the downstream application field of glass fiber was strong, the growth of foreign trade export was large, and the sales volume and price of glass fiber yarn rose simultaneously; Second, the company actively adjusted the product structure according to the market demand, implemented lean management, released production capacity, steadily improved product quality, continuously reduced comprehensive costs and increased benefits.
At the same time, the company pointed out that during the reporting period, the company’s net assets attributable to shareholders of listed companies increased by 32.37%, mainly due to the increase of undistributed profits of the company.
In addition, the company announced that it plans to distribute cash dividends of 1.10 yuan (including tax) to all shareholders for every 10 shares and 2 bonus shares for every 10 shares.
