Sinosteel New Materials Co.Ltd(002057) : in 2021, the revenue reached 2.588 billion yuan, with a year-on-year increase of 54.76%

Sinosteel New Materials Co.Ltd(002057) ( Sinosteel New Materials Co.Ltd(002057) ) released the annual report of 2021 on April 19. During the reporting period, the company achieved an operating revenue of 2.588 billion yuan, an increase of 54.76% over the same period of the previous year; The net profit attributable to the parent company was 214 million yuan, a year-on-year increase of 23.56%; The non net profit deducted was 173 million yuan, a year-on-year increase of 17.72%. By the end of 2021, the total assets of the company were 4.863 billion yuan, an increase of 72.63% over the beginning of the year; The shareholders' equity attributable to the parent company was 2.670 billion yuan, an increase of 66.48% over the beginning of the year, and the assets continued to maintain and increase in value. The company plans to distribute a cash dividend of 1.39 yuan (including tax) to all shareholders for every 10 shares.

The company released the first quarterly report of 2022 on the same day. During the reporting period, the company achieved an operating income of 691 million yuan, a year-on-year increase of 43.73; The net profit attributable to the shareholders of the listed company was 619232 million yuan, a year-on-year increase of 122.18%.

The annual report shows that the main reasons for the change of the company's performance are that the magnetic material industry has accelerated the industrial layout externally, adhered to the development of key customers, internally strengthened cost control and accelerated intelligent construction, and the performance of the sector has increased steadily; The business scale of the testing business segment has been continuously expanded by continuously increasing the testing network layout, equipment investment, strengthening the introduction of high-level testing personnel and other measures; Metal products accelerated the adjustment of product structure and increased the development, production and sales of military products, with a significant increase in production and sales.

During the reporting period, the company continued to cultivate its main business and continuously consolidated its industrial foundation. In 2021, the company focused on the guidance of strategic planning, continuously enhanced its core competitiveness, and formulated the "14th five year plan" development strategic plan during the reporting period. Comprehensively aim at world-class enterprises and industry leading enterprises, and draw a strategic development roadmap for various industrial entities around strengthening and improving the main industries such as magnetic materials and inspection and testing. At the same time, the company accelerated its market-oriented development and continued to move forward with the goal of cultivating "single champion" enterprises in subdivided industries. The market share of Chinese products in high value-added subdivided fields such as manganese trioxide for resistance in magnetic material factory has reached more than 70%, and the import substitution rate has increased year by year, which has exceeded 50%. Sinosteel Products Institute continued to promote the adjustment of product structure, and the production and sales of metal products continued to increase. The "top ten key construction projects" were carried out in an orderly manner and steadily promoted equity investment and M & A.

In 2022, the company plans to achieve an operating revenue of 3 billion yuan, a total profit of 300 million yuan and an operating cash flow of 130 million yuan Sinosteel New Materials Co.Ltd(002057) said that the company, as a listed company controlled by a central enterprise focusing on magnetic materials and inspection and testing, firmly established and implemented the development concept of innovation, coordination, green, openness and sharing under the current strategic background of "carbon peaking and carbon neutralization", based on its own reality and development advantages, forced the acceleration of scientific and technological innovation and company reform with carbon emission peaking, and comprehensively made strategic planning and industrial layout, To achieve the goal of high-quality development in the 14th five year plan.

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