Jiangxi Guotai Group Co.Ltd(603977) recently released the annual report of 2021, and the company achieved an operating revenue of 1.988 billion yuan, a year-on-year increase of 13.29%; The net profit attributable to shareholders of listed companies was 240 million yuan, a year-on-year increase of 25.01%.
In 2021, the company sold 159600 tons of industrial explosives, including 119000 tons of packaged explosives and 40000 tons of mixed explosives for the first time. 38.44 million industrial detonators were sold, including 8.24 million electronic detonators, a year-on-year increase of 69%.
In 2021, Xinyu Cathay Pacific, a wholly-owned subsidiary of the company, completed the construction of phase II of digital electronic detonators, and the phase III project entered the stage of equipment installation and commissioning. In July 2021, it jointly established Guokun microelectronics production chip module with Shanghai Kuncheng to expand the industrial chain of digital electronic detonators. Meanwhile, the company’s overseas project Nigeria explosive plant has entered the trial production stage.
Jiangxi Guotai Group Co.Ltd(603977) said that it would accelerate the transformation and upgrading, promote the high-quality development of enterprises, realize the coordinated development of “civil explosion + military civilian integration + rail transit automation and informatization” industries, and create a “Jiangxi model” for the reform of state-owned enterprises.
