Jiangxi Geto New Materials Corporation Limited(300986) 425 released the annual report of 2021. The business operation of the company maintained steady development and achieved an operating revenue of 1.481 billion yuan, with a year-on-year increase of 32.30%, mainly due to the significant growth of aluminum mold rental and protection platform business in the reporting period compared with 2020; The net profit attributable to shareholders of listed companies was 164 million yuan, a year-on-year decrease of 2.39%; The non net profit attributable to shareholders of listed companies was 137 million yuan, an increase of 7.23% over the same period last year. The company plans to transfer 10 shares to 4 shares and distribute cash of 1.5 yuan (including tax).
The company said that the year-on-year growth rate of net profit was less than that of operating revenue. The main reasons were: on the one hand, the sharp rise in the price of raw materials, the growth of business volume and the expenses related to initial public offering and listing in the current period led to the increase in costs in the current period; On the other hand, due to the decrease of government subsidies in the current period and the decrease of other income, the net profit in the current period was basically the same as that in the previous year.
Jiangxi Geto New Materials Corporation Limited(300986) set up a wholly-owned subsidiary Hainan zhite in January 2021, which is mainly engaged in the production and sales of fabricated PC components. This foreign investment is conducive to broadening the company’s diversified product categories, strengthening the company’s competitive pattern and promoting the implementation of the company’s “1 + n” service strategy. In the second half of 2021, the company actively explored the Chinese market, successively set up a wholly-owned subsidiary Chongqing zhite, a joint venture, newly established Gansu zhite and Guangdong Kairui, and increased capital to acquire Hubei wanbaiyuan. By joining the joint venture, using the local high-quality management team, combined with the company’s management, technology and brand output, the company gave full play to the advantages of both sides of the joint venture, realized complementary resources, expanded the scale of main business and enhanced the company’s core competitiveness.
In terms of market development, the company creates a platform enterprise, uses the joint venture and franchise mode, combined with the local high-quality management team, carries out brand, technology and management output, gives full play to the advantages of both sides, realizes resource complementarity, expands the scale of main business and enhances the core competitiveness of the company. In terms of products and services, in the future, the company will rely on the “1 + n” one-stop service strategic model to provide customers with high-quality, high price and all-round one-stop products and services, improve customer satisfaction and enhance customer stickiness. At the same time, relying on the information technology that has been refined for many years, the company will also use industry big data, artificial intelligence and Internet of things technology to build the ecosystem of the whole industry chain and actively promote the innovation and transformation of traditional buildings to green intelligent buildings.
