Strengthen scientific and technological innovation and collaborative integration Zhejiang Tiantie Industry Co.Ltd(300587) 2021 net profit increased by 54%

Zhejiang Tiantie Industry Co.Ltd(300587) 415 issued the annual performance express for 2021. During the reporting period, the company achieved a total operating revenue of 1713270600 yuan, an increase of 38.69% over the same period of the previous year; The operating profit was 391792700 yuan, an increase of 52.39% over the same period last year; The total profit was 3924234 yuan, an increase of 54.82% over the same period last year; The net profit attributable to the shareholders of the listed company was 3024062 million yuan, an increase of 54.21% over the same period last year; The basic earnings per share was 0.52 yuan, down 17.46% from the same period last year; The weighted average return on net assets was 17.76%, an increase of 1.61 percentage points over the same period last year.

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. At the same time, environmental noise has also 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 expected to be 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 its 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.

At the end of the reporting period, the scale of Zhejiang Tiantie Industry Co.Ltd(300587) assets increased steadily, and the financial situation was good. The total assets were 40819948 million yuan, an increase of 37.48% over the beginning of the period; The owner's equity attributable to the shareholders of the listed company was 2522016300 yuan, an increase of 63.60% over the beginning of the period.

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