Shangji Automation Annual Report 2021, A Net Profit of 1.637 Billion Yuan

PVTIME – On February 15, Wuxi Shangji Automation Co., Ltd.(hereinafter referred to as Shangji Automation or the company)(603185.SH) released its annual performance report 2021.

After preliminary accounting, the company achieved operating income of 10.906 billion yuan during the reporting period, a year-on-year increase of 262.22%. The operating profit was 1.859 billion yuan in 2021, a year-on-year increase of 203.33%. The total profit was 1.859 billion yuan, a year-on-year increase of 203.47%. The net profit attributable to shareholders of the listed company was 1.637 billion yuan, a year-on-year increase of 208.01%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.471 billion yuan, an year-on-year increase of 187.18%. Its basic earnings per share was 6.082 yuan , a year-on-year increase of 162.83%.

The main reasons for the increase in performance are as followings:

The company expanded the scale of monocrystalline silicon business as planned in 2021, the production capacity increased, and the production capacity utilization rate and production and sales rate remained at a high level, resulting in an increase in the company’s sales revenue and a steady increase in performance.

At the end of the reporting period, the total assets of Shangji Automation was 14.275 billion yuan, the owner’s equity attributable to shareholders of the listed company was 7.365 billion yuan, and the net assets per share attributable to shareholders of the listed company was 26.76 yuan, an increase of 191.24%, 176.66% and 145.05% respectively over the end of the previous year. The main reasons are: (1) The company continued to invest in monocrystalline silicon In 2021; (2) the funds raised from the non-public issuance of shares in 2021; (3) the company’s performance steadily improved.

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