On April 16, Levima Advanced Materials Corporation(003022) released the first quarter report of 2022. Affected by the planned technological upgrading, capacity expansion, transformation and parking of EVA device, the company realized an operating revenue of 1.556 billion yuan, a year-on-year decrease of 13.73%; The net profit attributable to shareholders of listed companies was 107 million yuan, a year-on-year decrease of 60.14%.
According to the report of Levima Advanced Materials Corporation(003022) the first quarter, the main reason for the year-on-year decrease of its net profit is: according to the plan, the company implemented the fund-raising project “technology upgrading and transformation project of tubular tail of EVA unit” in the first quarter, the EVA unit was shut down for 28 days, the MTO, PP, EO, EOD and other units were shut down simultaneously for 7-15 days, and the carbonate unit, UHMWPE unit and utility system were connected for construction and maintenance. Affected by the decrease in production and sales of products and the increase in relevant maintenance costs, the net profit in the reporting period decreased by about 163 million yuan; The price of main raw materials increased significantly year-on-year, affecting the net profit of about 64 million yuan in the reporting period.
According to the company’s first quarter report, by the end of the first quarter, Levima Advanced Materials Corporation(003022) eva unit technology upgrading and capacity expansion transformation had been successfully completed. After the completion of this capacity expansion and transformation, the company expects the output of EVA and other major products to increase year-on-year in 2022. At present, Levima Advanced Materials Corporation(003022) all units are in full load operation, and the products remain in full production and sales. The price of EVA products has increased by more than 30% over the beginning of the year. It is expected to maintain a high prosperity and good profitability for a long time in the future.
