Zhonghe in Xinjiang increased by 117% to 140% in the first quarter of 2021 compared with the same period last year.

A few days ago, Xinjiang Zhonghe issued an announcement of pre-increase in the first quarter of 2021. According to preliminary estimates by the financial department, the company expects the net profit of shares belonging to listed companies to increase by 75 million yuan to 90 million yuan in the first quarter of 2021 compared with the same period last year, an increase of 117% to 140% over the same period last year.

According to preliminary estimates by the financial department, the company expects that the net profit after deducting non-recurring gains and losses belonging to shareholders of listed companies in the first quarter of 2021 will increase by 86 million yuan to 101 million yuan compared with the same period last year, an increase of 212% to 249% compared with the same period last year.

The main reasons for the pre-increase of performance in this period

(1) the impact of the main business in the first quarter of 2021, the company seized market opportunities, stepped up market development efforts, and actively adjusted the structure of its products. The production and sales volume of electrode foil products increased significantly compared with last year, and sales volume is expected to increase by 105% to 125%. At the same time, aluminum prices have increased compared with the same period last year, and the sales prices of high-purity aluminum products, alloy products and aluminum products based on aluminum prices have increased. The unit price of sales is expected to increase by 5% to 15%.

(2) the impact of non-recurrent profit and loss on the company's non-recurrent profit and loss in the first quarter of 2021 decreased by 35% and 55% compared with the same period last year, mainly due to the decrease in hedging income in the current period.