Establishment of renewable resource recovery business segment Shanying International Holdings Co.Ltd(600567) 2021 net profit increased by 10%

On April 16, Shanying International Holdings Co.Ltd(600567) released the annual report of 2021. During the reporting period, the operating revenue reached 33.033 billion yuan, a year-on-year increase of 32.29%; The net profit attributable to shareholders of listed companies was 1.516 billion yuan, a year-on-year increase of 9.74%.

It is reported that the company has continuously improved China's regional layout through self construction and M & A. at present, the company has built five papermaking bases in Maanshan, Anhui, Jiaxing, Zhejiang, Zhangzhou, Fujian, Jingzhou, Hubei and Zhaoqing, Guangdong. The existing landing capacity is about 6 million tons, ranking among the top three in the industry; The company's packaging industry is located in the economically developed coastal areas along the river and close to the gathering place of top customers in the industry. The industry radiates Jiangsu, Zhejiang, Anhui, Fujian, Guangdong, Hubei, Shandong, Sichuan, Tianjin and other provinces and cities, with an annual output of more than 1.9 billion square meters, ranking second in China.

It is noteworthy that in 2021, the company established the renewable resource recycling business segment, including its subsidiaries Ningbo huanshen and Yunrong network into the segment, focusing on development, forming a Wuxi Online Offline Communication Information Technology Co.Ltd(300959) double combination to promote the company's renewable resource recycling business in China. Offline, Ningbo huanshen has rapidly promoted the construction of urban renewable resources sorting center, and online Yunrong network has built a renewable resources recovery network platform to provide the government with five stream visualization tools for renewable resources recovery network within its jurisdiction, so as to promote local governments to efficiently and orderly manage renewable resources recovery fields that were difficult to reach in the past. During the reporting period, the company built 25 sorting centers and joint ventures across the country, with a total recycling scale of 96000 tons. It piloted urban waste recycling solutions in Jiaxing, Putian, Ningbo, Ma'anshan, Baotou and other places, and is committed to becoming a full scene, full product, full chain and integrated urban environmental service provider.

Shanying International Holdings Co.Ltd(600567) said that the company will continue to increase the output of the five bases on the premise of strictly abiding by the safety and environmental protection norms, and strive to achieve a paper production and sales volume of more than 6.5 million tons in China. China's five major papermaking bases will continue to promote lean production and further improve machine efficiency on the basis of ensuring safe production. At the same time, the Wuxi Online Offline Communication Information Technology Co.Ltd(300959) recycling twin system will be established through digital empowerment of all links of national waste procurement, continuous innovation will be made in the recycling mode and mode, and a unique Eagle recycled fiber recycling system will be established. Actively explore cooperation with packaging enterprises and downstream end customers to develop personalized recycling solutions to realize green, environmental protection and recycling ecology.

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