Sitong announced today that it made a net profit of 133 million yuan in the first quarter of 2021, an increase of 45.02% over the same period last year. The main reason is that affected by the epidemic of novel coronavirus in 2020, it gradually recovered in the first quarter of 2021, and the operating income and net profit of shareholders belonging to listed companies increased accordingly.
Operating income increased by 54.44% over the same period last year, due to the decline in income affected by the epidemic in the first quarter of last year.
In 2021, the company takes the market orientation of "Global supplier of Light Alloy New Materials and Automotive lightweight parts" as the development direction. at present, it has achieved the leadership of three sub-industries: functional intermediate alloy new materials, cast aluminum alloy materials and aluminum alloy wheel manufacturing. The company always adheres to the development concept of focus, focus and experts, and will continue to promote the coordinated development of the upstream and downstream industrial chains in the future, increase investment in technological research and development, improve the product structure of customers, and increase the market share of existing products. Through resource integration and industrial mergers and acquisitions, achieve internal and external development by leaps and bounds, and enhance the company's core competitiveness in an all-round way.
