Shengxin Lithium Energy: net profit in the first quarter increased by 274% over the same period last year. Sales of lithium salt and rare earth products increased

Sheng Xin LiNeng disclosed its quarterly report on April 23, 2021, that the company's total operating income in the first quarter of 2021 was 530 million, up 121.2% from the same period last year; its net profit was 100 million yuan, compared with-57.214 million yuan in the same period last year, and it was a win over the same period last year; earnings per share were 0.14 yuan. During the reporting period, the company's gross profit margin was 29.5%, an increase of 20.8 percentage points over the same period last year, and a net profit margin of 20.9%, an increase of 46.2 percentage points over the same period last year.

During the period, the expense rate decreased by 23.7%, the effect of cost control was remarkable, and the operating cost increased significantly.

The company's operating cost in the first quarter of 2021 was 380 million, up 70.9% from a year earlier, lower than the 121.2% growth in operating income, resulting in a 20.8% increase in gross profit margin. The expense rate during the period is 7%, which is 23.7% lower than that of last year, and the effect of cost control is remarkable.