LCD polarizer business consolidated, Shanshan shares turnaround in the first quarter

by:Kimeery     2021-06-09

On the evening of April 28, Shanshan Co., Ltd. released its report for the first quarter of 2021. The company achieved operating income of 3.99 billion yuan, a year-on-year increase of 227.17%; realized a net profit of 302 million yuan attributable to the parent, and a loss of 83.7 million in the same period last year. Yuan, to turn losses into profits.

According to the announcement, during the reporting period, the company’s new polarizer business consolidation brought greater performance contributions, and its net profit attributable to the parent was 193 million yuan.

At the same time, the company’s downstream new energy vehicle market continues to prosper, and the company’s positive and negative material sales have steadily increased; the prices of some raw materials have fluctuated upward, and the company has continued to give full play to its integrated production line, intelligent With advantages in manufacturing and cost control, the profitability of cathode materials and anode materials has increased. Among them, the cathode material business achieved a net profit of 74 million yuan attributable to the parent, an increase of 76 million yuan year-on-year; the anode material business achieved a net profit of 102 million yuan attributable to the parent, an increase of 101 million yuan year-on-year, a year-on-year increase of 7324.67%.

In addition, during the reporting period, the electrolyte business achieved a net profit of 7 billion yuan attributable to the parent, a year-on-year turnaround, mainly due to the increase in electrolyte prices. At the same time, the company has its own lithium hexafluorophosphate production capacity, and the gross profit rate is somewhat Promote. (Shanghai Securities News China Securities Net)

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