Lecron Industrial Development Group Co.Ltd(300343) : it is estimated that the non net profit deducted in 2021 will be 306 million yuan – 356 million yuan, with a significant year-on-year turnaround

Lecron Industrial Development Group Co.Ltd(300343) the performance forecast for 2021 was released on January 21. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be 290-340 million yuan, and the net profit after deducting non recurring profits and losses will be 306-356 million yuan, while the net profit after deducting non recurring profits and losses will be 436 million yuan in 2020.

The company said that the main reason for the performance change was that the net profit attributable to the shareholders of the listed company during the reporting period increased rapidly compared with the same period of the previous year, mainly because the sales price of fluorine-containing new materials increased sharply due to the influence of the market situation of new energy lithium battery materials. At the same time, the company has a complete industrial chain, strong cost advantages and increased gross profit, It is the new profit growth point of the company during the reporting period.

On the same day, the company issued an announcement on foreign investment. According to the needs of industrial upgrading and development, the company plans to jointly invest with Jiangxi Black Cat Carbon Black Inc.Ltd(002068) to establish “Inner Mongolia Lianhe fluorocarbon New Material Co., Ltd. in Wuhai City, Inner Mongolia”, and the registered capital of the new company is proposed to be 500 million yuan. Among them, the subscribed capital contribution of the company is about 400 million yuan and holds 80% equity; Jiangxi Black Cat Carbon Black Inc.Ltd(002068) the subscribed capital contribution is about 100 million yuan and holds 20% equity. The new project of the joint venture is planned to be 50000 T / a PVDF and supporting industrial chain project.

The company said that this investment will help the company to further expand the market of fluorine-containing new materials in the field of new energy, contribute to the medium and long-term development of the company, and play a positive role in promoting the future development of the company.

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