Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) adhere to independent innovation, and the proportion of high-end products has increased year by year

Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) actively respond to the challenges brought by the adjustment of export tax rebate and power restriction policy, and the development will be sustained and stable in 2021. According to the annual report of 2021 released on April 25, the net profit attributable to the owners of the parent company during the reporting period was 794 million yuan, a year-on-year increase of 2.92%; The operating revenue was 5.974 billion yuan, a year-on-year increase of 20.56%; The basic earnings per share was 0.83 yuan, a year-on-year decrease of 8.79%. The distribution plan was to distribute cash dividends of 4.00 yuan (including tax) for every 10 shares.

During the reporting period, Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) continued to increase investment in research and development, and laid out the fields of high-end equipment manufacturing and new materials. The proportion of high-end products increased from 16% in 2020 to 19% in 2021. Adhering to independent innovation, the company has gradually formed an enterprise R & D and innovation platform with " Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) Research Institute" as the core, and formed a complete technology R & D system covering the whole process of stainless steel and special alloy pipeline manufacturing. In 2021, the company's R & D expenditure was 262 million yuan, a year-on-year increase of 33.23%; Presided over / participated in the formulation and revision of 2 national standards and 6 industrial standards, and 12 patents were effectively authorized.

Through independent research and development, the company has realized localization and replaced imports, forming a series of industrial stainless steel pipe products, including Austenitic / Ferritic duplex stainless steel seamless pipe and other products, covering a variety of industrial special stainless steel and nearly 100 varieties. Some products have broken the foreign monopoly for many times and filled the gap in China.

Through continuous technological transformation and product structure adjustment, Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) has become the largest industrial stainless steel pipe manufacturing enterprise in China. At present, it has an annual production capacity of 135000 tons of industrial stainless steel pipe. It is one of the few enterprises in China that can adopt international advanced extrusion process and perforation process at the same time. According to the statistics of stainless steel branch of China Special Steel Enterprise Association, the market share of the company has ranked first in the same industry in China for many years.

in Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) 2022, the company plans to achieve the business target of 133400 tons of industrial finished stainless steel pipes and 7000 tons of pipe fittings. The company will give full play to the capital operation advantages of listed companies, further strengthen the cooperative relationship with excellent enterprises upstream and downstream of the industrial chain through capital ties, optimize all links of the industrial chain, and actively explore multi-channel fund-raising means and flexible fund use methods, Ensure the company's future development capital needs.

Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) in the first quarter, it continued to overcome the impact of the epidemic and the cancellation of some export tax rebates, the investment income of associated enterprises Yongxing Special Materials Technology Co.Ltd(002756) increased significantly, and the production and operation remained stable. The quarterly data released on the same day showed that the company achieved an operating revenue of 1.319 billion yuan, a year-on-year increase of 2.32%; The net profit attributable to shareholders of listed companies was 194 million yuan, with a year-on-year increase of 36.47%; The net profit after deducting non-profit was 185 million yuan, a year-on-year increase of 36.90%; The basic earnings per share is 0.1985 yuan.

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