Xinjiang Zhonghe: a sharp increase in electrode foil sales led to a 152.36% increase in net profit in the third quarter.

A few days ago, the third-quarter results report of Zhonghe in Xinjiang was released. According to the report data, the company's operating income in the third quarter was 2.18 billion yuan, an increase of 41.11% over the same period last year. The net profit attributed to shareholders of listed companies was 268 million yuan, up 152.36% from the same period last year. In the first three quarters, operating income increased by 58.59% to 6.174 billion yuan, and the net profit belonging to shareholders of listed companies increased by 145.52%, an obvious increase to 590 million yuan.

Xinjiang public cooperation is the largest manufacturer of electronic aluminum foil for high-purity aluminum and aluminum electrolytic capacitors in China, and one of the largest high-purity aluminum R & D and production enterprises in the world. The company's main products are high-purity aluminum, electronic aluminum foil for aluminum electrolytic capacitors, electrode foil, etc., and formed a perfect "energy-high-purity aluminum-electronic aluminum foil-electrode foil" economic industry chain. Electrode foil is the core raw material of aluminum electrolytic capacitors. with the development of intelligent high-end manufacturing, new energy vehicles and other industries, the market demand for all kinds of aluminum electrolytic capacitors is also growing.

The report points out that the increase in operating income and net profit of the company is mainly due to a substantial increase in the output and sales of the company's main products, electrode foil products, and with the rise in aluminum prices this year, the sales prices of high-purity aluminum products, alloy products and aluminum products based on aluminum prices have also increased, and the superimposed effect of volume and price has been significant.

A total of two agencies have rated the stock in the last 90 days, Sino-Thai Securities has maintained its buy rating, and Societe Generale Securities has maintained a prudent overweight rating. According to the Securities Star valuation analysis tool, Xinjiang Zhonghe (600888) good company has a rating of 3 stars, a good price rating of 2.5 stars, and a comprehensive valuation rating of 2.5 stars.