Huayou Cobalt Industry: the net profit is expected to be 10.77-1.268 billion yuan in 2020, a profit of 120 million yuan in the same period last year.

Published: Jan 22, 2021 17:32

SMM1 March 22: Huayou Cobalt Industry issued a performance forecast that the net profit attributed to shareholders of listed companies is expected to be between 1.0766 billion yuan and 1.26809 billion yuan, and the net profit after deducting non-recurring profits and losses attributed to shareholders of listed companies is expected to be between 1.06482 billion yuan and 1.26415 billion yuan.

The net profit belonging to the shareholders of the listed company in the same period last year: 119.5348 million yuan. Net profit after deducting non-recurring gains and losses belonging to shareholders of listed companies: 68.1601 million yuan.

The pre-increase of the company's performance is mainly due to the good results achieved by the implementation of the management strategy of high-end products and industrial integration. With the rapid growth of the demand for new energy lithium materials, the production and sales of the company's main products have increased. Product sales prices have rebounded, and profitability has greatly improved.

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Huayou Cobalt Industry: the net profit is expected to be 10.77-1.268 billion yuan in 2020, a profit of 120 million yuan in the same period last year. - Shanghai Metals Market (SMM)