Wujin's net profit of 175 million yuan in 2021 decreased by 20.71% compared with the same period last year, and the price of raw materials rose, and the profit margin was compressed.

On February 12, Wujin stainless Rust issued KuaiBao's announcement of its 2021 results, with a net profit of 175 million yuan belonging to shareholders of listed companies, down 20.71 percent from the same period last year. The net profit after deducting non-recurring gains and losses belonging to shareholders of listed companies was 151 million yuan, down 25.91% from the same period last year.

Basic earnings per share were 0.44 yuan per share, down 20% from the same period last year.

The company achieved an operating income of 2.699 billion yuan, an increase of 12.42% over the same period last year, and a total profit of 200 million yuan, down 20.83% from the same period last year.

The total assets at the end of the reporting period were 3.685 billion yuan, an increase of 7.43% over the beginning of the period, and the owners' equity belonging to shareholders of listed companies was 2.471 billion yuan, an increase of 2.75% over the beginning of the period.

Operating situation, financial situation and main factors affecting operating performance

In 2021, the company's operating income growth was caused by the increase in sales of stainless steel seamless pipe and stainless steel welded pipe, the main products; due to the rise in raw material prices and fierce competition in the domestic market, the sales prices of products in machinery and power equipment industries decreased, and profit margins were compressed, which in turn led to a decline in operating profits, total profits and net profits belonging to shareholders of listed companies.

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