Yangling Metron New Material Co.Ltd(300861) on January 11, the company released the performance forecast for 2021. The company expects the net profit attributable to the shareholders of the listed company to be RMB 684 million – 836 million in 2021, an increase of 52.11% – 85.91% over the same period of the previous year.
During the reporting period, the company did a good job in various operations and management, made use of its own industrial chain advantages and early-stage technology accumulation, accelerated the research and development of new products, timely realized the mass production and sales of new products with updated line diameter, promoted the release of benefits of new products, and continued to consolidate the company’s market leading position. While steadily expanding production capacity, actively explore downstream customers to achieve a significant increase in product sales. Moreover, the competition of new products is low and the pressure of price decline is relatively small. Thanks to the company’s consistent work of cost reduction and efficiency increase, the company’s overall operating efficiency has been significantly improved and the profit of its main business continues to remain at a high level.
Meanwhile, the company expects that the impact of non recurring profits and losses on net profit in 2021 will be about 80 million yuan, mainly due to government subsidies and financial income from idle funds.
(source: China Securities Journal · China Securities Network)
