Zhejiang Tiantie Industry Co.Ltd(300587) 415 released the first quarter performance forecast. The company expects the net profit attributable to the shareholders of the listed company from January to March 2022 to be RMB 115 million to 137 million, an increase of 51.11% – 80.01% over the same period of the previous year; The net profit after deducting non recurring profits and losses was 111 million yuan to 133 million yuan, an increase of 49.00% – 78.45% over the same period of last year.
The announcement shows that benefiting from the national strategic planning of “transportation power”, “metropolitan area and Urban Agglomeration”, urban rail transit has developed rapidly as a green and low-carbon way of travel, and environmental noise has attracted more and more attention. With the revision of the law on the prevention and control of environmental noise pollution, the vibration and noise reduction of rail transit may be included in the supervision, and the development of vibration and noise reduction of rail transit is further accelerated Zhejiang Tiantie Industry Co.Ltd(300587) deeply cultivated the track structure vibration and noise reduction industry for decades, strengthened scientific and technological innovation and collaborative integration, continuously expanded the types of vibration and noise reduction products, improved the business structure, and achieved good results in the main business. In addition, the company accelerated the development of building vibration reduction and isolation and lithium salt business, and its business performance continued to improve.
