On January 25, Zhejiang Jianfeng Group Co.Ltd(600668) released a performance forecast that the company expects the net profit attributable to shareholders of Listed Companies in 2021 to increase by 292 million yuan to 409 million yuan compared with the same period of last year, an increase of 50% to 70% year-on-year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses increased by 67 million yuan to 171 million yuan compared with the same period of last year, with a year-on-year increase of 13% to 33%.
Zhejiang Jianfeng Group Co.Ltd(600668) said that the performance increase was mainly due to the non recurring profit and loss events of the company’s participation in Xinjiang Tianshan Cement Co.Ltd(000877) major asset restructuring, with an increase in net profit of about 270 million yuan.
It is understood that the new production line of the subsidiary also contributed some new profits. According to the announcement, the company’s holding subsidiary Guizhou Huangping Jianfeng Cement Co., Ltd. (hereinafter referred to as “Guizhou Jianfeng”) has put into trial production in September 2020, and the net profit in 2020 is -32375100 yuan. 2021 is the first full year after Guizhou Jianfeng was put into operation. Benefiting from the improvement of the market competition environment of the regional cement industry, the price of cement products rebounded greatly in the fourth quarter of 2021. Guizhou Jianfeng achieved a net profit of about 55 million yuan in 2021.
