On January 10, Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) released a performance forecast that the company expects to realize a net profit of RMB 2.6 billion to RMB 2.7 billion attributable to shareholders of Listed Companies in 2021, with a year-on-year increase of 344% to 362%; It is expected that the net profit attributable to the listed company after deducting non recurring profits and losses will be 2.6 billion yuan to 2.7 billion yuan, with a year-on-year increase of 548% to 574%.
Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) said that in 2021, the prices of the company's main products including glyphosate, silicone and industrial silicon increased significantly year-on-year, and the profitability increased significantly year-on-year. At the same time, the company made accurate research and judgment, systematic planning, accurately grasped market opportunities, gave full play to the advantages of integrated operation of the whole industrial chain, flexibly adjusted business strategies, focused on value tracks, actively expanded upstream and downstream market share, made positive progress in the layout of medium and high-end products, significantly increased product sales year-on-year, and effectively improved the company's business performance.
(source: China Securities Journal · China Securities Network)
