Sunway Co.Ltd(603333) : net profit in the first quarter increased by 870.59% year-on-year

Sunway Co.Ltd(603333) 4 on the evening of April 20, the first quarter report of 2022 was released. In the first quarter, the company achieved an operating revenue of 503 million yuan, an increase of 39.45% year-on-year; The net profit attributable to the shareholders of the listed company was 203156 million yuan, a year-on-year increase of 870.59%; The basic earnings per share is 0.03 yuan.

For the growth of operating revenue, the company said that it was mainly due to the increase of sales revenue due to the company’s strengthening of market development and the expansion of agency sales channels in the first quarter.

Sunway Co.Ltd(603333) is a national high-tech enterprise integrating R & D, production, sales and service of high-end special cable products. The company’s main products include cables for nuclear power plants, cables for rail transit, medium voltage cross-linked cables, high-voltage power cables, etc., and are widely used in nuclear power, rail transit, state grid power, optoelectronics, wind power, chemical industry, petroleum and petrochemical and many other fields.

On the same day, the company announced that in order to promote the company’s business development, further improve the company’s market layout and implement the company’s development strategy, Sunway Co.Ltd(603333) invested 10 million yuan with its own funds to establish a wholly-owned subsidiary Shangwei Lvyuan Co., Ltd. (tentative name). The business scope of the wholly-owned subsidiary includes sales, R & D, design of wires, cables, heating appliances, cable trays, cable accessories, etc.

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