Chongqing Shunbo Aluminum Co.Ltd(002996) 4 announced on April 17 that Guangdong Shunbo Aluminum Alloy Co., Ltd., a wholly-owned subsidiary of the company, has completed safety self inspection and self correction under the guidance of local government departments, and began to fully resume production on April 16. The company said that the temporary shutdown for 12 days had a certain impact on the production and operation activities of Guangdong Shunbo. However, thanks to the company’s national layout advantages, during the temporary shutdown of Guangdong Shunbo, the company tried to meet the delivery needs of customers through production allocation, internal allocation and other means, which had no significant impact on the company’s overall business activities.
It is reported that affected by the safety production accident of Meijing company in Qingyuan City, Guangdong Province, Guangdong Shunbo has temporarily stopped production since April 4 this year for safety self inspection and self correction according to the requirements of local government departments.
The latest financial report shows that Chongqing Shunbo Aluminum Co.Ltd(002996) achieved an operating revenue of 9.985 billion yuan in 2021, with a significant year-on-year increase of 105.07%; The net profit attributable to the parent company was 342 million yuan, a year-on-year increase of 74.74%; The net profit after deducting non-profit was 243 million yuan, an increase of 32.90%. The company expects to realize a net profit attributable to the parent company of 108139 million yuan in the first quarter of 2022, with a year-on-year increase of 37.10% – 77.42%, mainly due to the upgrading of production capacity and output of Hubei Shunbo, the consolidation and improvement of the advantages of national multi regional comprehensive layout, the continuous enhancement of service and sales expansion ability for existing customers and some new customers, a slight increase in sales volume and an increase in sales price over the same period last year, driving the improvement of profitability. In addition, the government subsidies received by the company during the reporting period increased year-on-year.
