Zhonghe, Xinjiang: 350 million of net profit in 2020 increased by 149.8% compared with the same period last year.

Xinjiang Zhonghe disclosed its annual report on March 10, 2021, that the company's total revenue in 2020 was 5.72 billion, up 20.4% from the same period last year, and the net profit belonging to the shareholders of the parent company was 351 million yuan, an increase of 149.82% over the same period last year.

In terms of sales revenue of major products, the sales income of high-purity aluminum and electronic aluminum foil is basically stable; with the company's "annual production of 15 million square meters of high-pressure high-performance corrosion foil project" and "annual production of 15 million square meters of high-pressure high-performance foil project" gradually put into production, the sales revenue of electrode foil increased by 26.85% compared with the same period last year; According to the market demand, the company organizes production and adjusts the product structure of alloy products and aluminum products. The total sales revenue of alloy products and aluminum products decreased by 6.02% compared with the same period last year. The company deepened its cost, quality control and process improvement. during the reporting period, the company's gross profit margin of new electronic materials, alloy products and aluminum products all increased over the previous year, of which the gross profit margin of high purity aluminum increased by 2.35% over the previous year. The gross profit margin of electronic aluminum foil increased by 3.09% over the previous year, and the gross profit margin of electrode foil increased by 2.57% over the previous year. The gross profit margin of alloy products increased by 1.98 percentage points over the previous year, and the gross profit margin of aluminum products increased by 1.74 percentage points over the previous year.