The net profit of Yongtai Technology in 2021 is expected to increase by 133.33% MUE 249.99% Lithium material business volume and price rise together.

Yongtai Technology announced its performance forecast for 2021. The company expects to achieve a net profit of 280 million yuan to 420 million yuan for shareholders of listed companies in 2021, an increase of 133.33% to 249.99% over the same period last year. Net profit after deducting non-recurring profits and losses is 380 million yuan to 560 million yuan, an increase of 5177.78% Kui 7677.78% over the same period last year, and basic earnings per share is 0.32 yuan per share-0.48 yuan per share.

The reason for the change in performance: during the reporting period, the net profit belonging to shareholders of listed companies and net profit after deducting non-recurring profits and losses increased more than that of the same period last year, mainly because the volume and price of the company's lithium materials business rose during the reporting period. The profit contributed increased more than the same period last year. With the rapid development of the new energy vehicle market during the reporting period, the market demand for lithium materials increased significantly, the supply of lithium hexafluorophosphate and other products produced by the company was tight, the price continued to rise, and the profit level of the products increased; at the same time, the increased production capacity of VC, FEC and other lithium materials products increased by the company's newly built production projects during the reporting period, increasing the production and sales volume of the company's lithium business and becoming a new profit growth point of the company.

During the reporting period, the impact of non-recurrent profit and loss on net profit is estimated to be 100 million yuan-140 million yuan, mainly due to the company's adjustment according to the location of the subsidiary park and its own industrial development plan during the reporting period, in line with the requirements of the local government, carry out the withdrawal and disposal of three subsidiaries, resulting in corresponding asset disposal losses.