Ye Chiu Metal Recycling (China) Ltd(601388) on the evening of January 17, the announcement on the advance increase of the company’s performance in 2021 was issued. The announcement shows that the company expects to realize the net profit attributable to the shareholders of the listed company in 2021, which will increase by 330 million yuan to 450 million yuan, a year-on-year increase of 71% to 97%, compared with the audited amount of 462 million yuan in the same period of the previous year; It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will increase by 330 million yuan to 450 million yuan, a year-on-year increase of 75% to 102%, compared with the audited amount of 442.1 million yuan in the same period of the previous year.
Ye Chiu Metal Recycling (China) Ltd(601388) said that during the reporting period, the company’s performance increased year-on-year, and the main influencing factors are reflected in the following aspects: benefiting from the recovery of the global economy, the prosperity of the downstream die casting industry and steel industry has improved, and the prices of the company’s main products aluminum alloy ingots, black and non-ferrous metals have increased significantly; Metalico, a subsidiary of the company, actively arranged the waste recycling and automobile disassembly market through mergers and acquisitions, continuously expanded the recycling radius, improved the market share, further optimized the industrial structure and fully released the new production capacity; Benefiting from the company’s early global strategic layout, the company organically combines procurement, production and sales, superimposes the fine management within the group, reduces costs and improves efficiency, thus driving the rise of the company’s gross profit.
