PVTIME – Today, TBEA issued its financial guidance for the first half of 2020 (January 1 to June 30, 2021).
According to preliminary calculations by the company’s financial department, the company is expected to achieve a net profit attributable to shareholders of listed companies of between RMB 3.036 billion to RMB 3.220 billion in the first half of 2021, a year-on-year increase of 230%-250%. It is estimated that the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses will be 1.842 billion to 20.02 billion yuan, a year-on-year increase of 130%-150%.
TBEA attributes the increase in performance in the current period to several factors.
First, the sales volume of polysilicon products in the reporting period of the company increased compared with that of the same period in 2020 and the price of polysilicon products was higher than that of the same period of 2020. The company’s net profit in the reporting period for Xinte New Energy (1799.hk), a holding subsidiary of the company, increased significantly compared with the same period of last year.
Second, the company increased market development efforts, actively adjusted product structure, and strengthened cost control. The net profit of the power transmission and transformation industry and energy industry in the reporting period increased compared with the same period of last year.
Third, Xinjiang Joinworld Company Limited (600888.sh), a company TBEA invested in, achieved a significant increase in net profit compared with the same period of last year, and the investment income recognized by the company in the reporting period increased significantly compared with the same period of last year.
The board of directors and all directors of the company guarantee that there are no false records, misleading statements, or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy, and integrity of the contents.
