The net profit of Antai Science and Technology will increase by 54.65%-67.22% in 2021. The two core businesses of rare earth and tungsten and molybdenum are developing well.

"Click to view the historical price of SMM Metals.

Antai Technology issued an annual performance forecast for 2021. From January 1, 2021 to December 31, 2021, the net profit belonging to shareholders of listed companies was 160 million yuan to 173 million yuan, an increase of 54.65% to 67.22% over the same period last year.

Antai Technology said that the company's full-year operating results are expected to achieve a large increase compared with the same period last year, the company's operating revenue is expected to increase by about 26% over the same period last year, and the net profit belonging to shareholders of listed companies increased by 54.65% over the same period last year. 67.22%. The main reason for the substantial increase in business performance is that through continuous reform and adjustment and increasing investment in technological innovation, the effect of the adjustment of the company's industrial structure and product structure has begun to appear, and the profitability of the company's main industrial products has been significantly enhanced. Among them, the company's two core businesses, "Refractory Tungsten and Molybdenum products" and "rare Earth permanent Magnet Materials and Devices", have a large increase in sales revenue and profits. It is estimated that the impact of non-recurrent profits and losses on the operating results of the company last year was about 58.86 million yuan.