Recently, Jinli permanent Magnet released the first quarter results report of 2021. During the reporting period, the company realized operating income of 793.3455 million yuan, an increase of 92.03% over the same period last year, a net profit of 101.3995 million yuan belonging to shareholders of listed companies, an increase of 183.53% over the same period last year, and a net profit of 91.2172 million yuan after deducting non-recurring profits and losses belonging to shareholders of listed companies, an increase of 153.98% over the same period last year. In the first quarter of 2021, the net profit belonging to the shareholders of the listed company and the net profit of deducting the non-recurrent profit and loss of the shareholders of the listed company increased month-on-month compared with the fourth quarter of 2020.
In the first quarter of 2020, the company responded actively after the global COVID-19 epidemic, took measures to reduce the adverse impact of the epidemic on the company's production and marketing, and achieved year-on-year growth in revenue and net profit compared with the same period in 2019. In the first quarter of 2020, the company achieved an operating income of 413.1319 million yuan, an increase of 15.12% over the same period last year, and a net profit of 35.7629 million yuan belonging to shareholders of listed companies, an increase of 35.68% over the same period
In the first quarter of 2021, the management of the company took positive measures to deal with the rising prices of rare earth raw materials and the adverse impact of the Spring Festival holiday on production and marketing, and fully took advantage of the favorable market opportunities of demand growth in the field of new energy and energy conservation and environmental protection. continue to maintain the rapid growth of the company's operating performance. The main reasons for the company's sustained and rapid growth are as follows:
(1) the company is the world's leading magnetic steel supplier in the field of new energy vehicles, energy-saving frequency conversion air conditioners and wind power generation, and has strong market competitiveness in the fields of new energy and energy saving and environmental protection. In the first quarter of 2021, the company had sufficient orders on hand and made full use of its production capacity. the company's operating income in the field of new energy vehicles and auto parts was about 126 million yuan, an increase of 66.78% over the same period last year. The operating income in the field of energy-saving frequency conversion air conditioners was about 357 million yuan, an increase of 206.68% over the same period last year. The operating income in the wind power field was about 193 million yuan, an increase of 13.23% over the same period last year. In 3C intelligent electronics, robots and intelligent manufacturing, energy-saving elevators and other areas of business revenue has increased significantly.
(2) during the reporting period, the company continued to give full play to the competitive advantage of grain boundary infiltration technology products, vigorously promoted lean production to further improve the level of cost control, and adopted effective measures to ensure a stable supply of rare earth raw materials. During the reporting period, the company's overall gross profit margin was 25.72%, an increase of 2.07 percentage points over the same period last year.
