Chongqing Three Gorges Water Conservancy And Electric Power Co.Ltd(600116) : the price of electrolytic manganese increased, and the net profit in 2021 increased by 39.55% year-on-year

Chongqing Three Gorges Water Conservancy And Electric Power Co.Ltd(600116) 4 on the evening of April 11, the annual performance express of 2021 was released. In 2021, the company achieved a total operating revenue of 10.177 billion yuan, a year-on-year increase of 93.62%; The net profit attributable to the shareholders of the listed company was 865 million yuan, a year-on-year increase of 39.55%; The basic earnings per share is 0.45 yuan.

In 2021, focusing on the strategic development goal of "building a first-class comprehensive energy listed company based on power distribution", the company actively gave full play to the advantages of system and mechanism of mixed ownership enterprises, continued to improve core competitiveness and enterprise operation efficiency, continuously consolidated the basic sector of power business and expanded innovative business space. The company's power sales and operating revenue reached a record high and its profitability was significantly enhanced, The operating performance of the whole year increased significantly compared with the same period.

For the reasons for performance changes, the announcement said that the market price of electrolytic manganese rose in 2021, and the company's sales revenue and profit of electrolytic manganese increased year-on-year; In 2021, the wholly-owned subsidiary of the company participated in the non-public offering of shares by other listed companies, recognized changes in fair value and increased income at the end of the reporting period.

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