Chengdu Wintrue Holding Co.Ltd(002539) : revenue hit a record high, and net profit increased by 147% year-on-year in 2021

Chengdu Wintrue Holding Co.Ltd(002539) 4 on the evening of April 14, the annual report of 2021 was released. The company achieved an operating revenue of 14.898 billion yuan in 2021, an increase of 62.74% year-on-year; The net profit attributable to shareholders of listed companies was 1.232 billion yuan, a year-on-year increase of 147.06%; The basic earnings per share is 1.23 yuan. The company plans to distribute a cash dividend of 4 yuan (including tax) for every 10 shares to all shareholders. The annual report shows that during the reporting period, the company’s revenue, profit, sales and other indicators hit another record high.

For the reasons for performance changes, Chengdu Wintrue Holding Co.Ltd(002539) said that during the reporting period, the sales volume of the company’s compound fertilizer products increased year-on-year; The sales price of soda products and phosphorus chemical products increased year-on-year, and the gross profit margin increased year-on-year. In the future, with the deepening of the integration of the company’s industrial chain and the continuous development of energy conservation and consumption reduction and organization improvement, the company’s production, management efficiency and cost control will be further improved. In addition, new projects such as compound fertilizer and iron phosphate will be put into operation and production capacity will be released, and the company’s business scale and competitive advantage will be further improved.

In recent years, the company has continuously integrated the upstream and downstream resources of compound fertilizer, strengthened the weak links and key links in the industrial chain, ensured the supply of high-quality raw materials and low-cost production by expanding to the upstream resources, and developed in depth to the downstream industry to form an integrated industrial pattern.

It is worth noting that during the reporting period, the company seized the opportunity of new energy market, expanded iron phosphate industry to the downstream of phosphate rock, and invested in the construction of “joint production project of comprehensive utilization of phosphate rock resources to produce new energy materials and slow-release and controlled-release compound fertilizer”. As of the disclosure date of the report, the planned capacity of the company’s iron phosphate is 450000 tons, supporting the capacity of 900000 tons of phosphoric acid with different purity, and the linkage production of 1.4 million tons of compound fertilizer with by-product low-grade phosphoric acid. At present, relevant projects are in the preparation stage and have not yet formed a landing capacity. It is expected that 350000 tons of iron phosphate and supporting projects in Songzi will be completed and put into operation in 2023. After the completion of the project, it will help the company give full play to the synergy between the main business of phosphorus chemical industry and compound fertilizer, further expand the scale of phosphorus chemical industry and phosphorus fertilizer industry, consolidate the industrial chain and cost competitive advantage, and consolidate and enhance the leading position of the company while incubating new profit points.

On the same day, the company released the performance forecast for the first quarter of 2022. The company expects to realize the net profit attributable to the shareholders of the listed company from January to March 2022 of 450 million yuan to 480 million yuan, with a year-on-year increase of 149.15% – 165.76%.

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