Inner Mongolia Ordos (hereinafter referred to as "Ordos") released its 2021 results KuaiBao. KuaiBao showed that the total operating income of Ordos in 2021 reached 36.411 billion yuan, an increase of 57.34 percent over the same period last year, and the operating profit was 9.673 billion yuan, an increase of 270.71 percent over the same period last year. Net profit belonging to shareholders of listed companies reached 6.108 billion yuan, an increase of 299.73% over the same period last year.
According to the results report of the third quarter of 2021, in the first three quarters, the company achieved operating income of 24.232 billion yuan, an increase of 53.84% over the same period last year, and a net profit of 3.712 billion yuan, an increase of 289.01% over the same period last year.
Single-quarter results show that in the first and second and third quarters of last year, the company's operating income was 6.761 billion yuan, 7.793 billion yuan and 9.679 billion yuan respectively, an increase of 55.39%, 37.44% and 68.88% over the same period last year. The corresponding net profit was 690 million yuan, 880 million yuan and 2.142 billion yuan, up 502.46%, 183.29% and 304.82% respectively over the same period last year.
In the explanation of the reasons for the performance growth, Ordos said that due to the influence of market demand in 2021, the market sales prices of major products such as coal, ferrosilicon and PVC increased significantly compared with the same period last year, leading to an increase in operating income compared with the same period last year, while expenses were effectively controlled and operating profits increased. At the same time, the company seizes the market opportunity and, through continuous improvement and continuous innovation, continuously taps the internal potential in all directions, ensures the efficient operation of production, and greatly increases the company's performance; at the same time, after the acquisition of 25% equity in Inner Mongolia Ordos Yong Coal Mining Co., Ltd., the investment income increases and the company's overall profitability increases.
In August 2021, Ordos announced that Inner Mongolia Erdos Electric Power Metallurgical Group Co., Ltd., a holding subsidiary, intends to invest 2.987 billion yuan to acquire the investment holding group's 15% stake in Yong Coal Mining Company. It is proposed to invest 1.991211 billion yuan to acquire the 10% stake held by the Cashmere Group in Yong Coal Mining Company. This acquisition not only provides greater basic support and guarantee for the demand for high-quality Lanchan coal and coal for power generation, but also enhances the sustainable profitability.
Ordos main business: cashmere clothing and clothing-based production and processing, brand building and marketing; coal mining, power generation, silicon ferroalloy, chlor-alkali chemical (600618), chemical fertilizer, polysilicon and other products processing and sales. In the last 90 days, one agency gave a rating and one bought a rating.
