Digbei.com on March 17, jinlitai (300225) recently released the performance forecast for the first quarter of 2021, and its performance is expected to rise in the same direction. During the reporting period, the net profit attributable to the shareholders of the listed company was 20-23 million yuan, an increase of 5012.47% – 5779.35% over the same period of last year.
In the first quarter of 2021, the company’s downstream automotive industry continued the overall good momentum and the overall market demand remained stable. The company continued to promote the research and development of water-based coatings, high solid coatings process technology and self-made core resin, promoted the optimization and improvement of products and built the core technical barriers of products. At the same time, it actively optimized the customer structure and vigorously expanded new customers In the first quarter of the year, the operating revenue and net profit attributable to shareholders of listed companies increased significantly compared with the same period of last year. In addition, compared with the same period in 2019, the company’s net profit attributable to shareholders of listed companies also increased by 317.30% – 379.90%.
In the first quarter of 2021, affected by the continuous rise of oil price, the average market price of the company’s main (top 10) raw materials increased by about 49% compared with the beginning of this year. In this regard, the company promotes cost reduction and efficiency by improving the self-made rate of core resin, strengthening the cost and human cost control, improving the internal management level of lean production, and strengthening the close cooperation with core raw material suppliers.
According to the data of digbei.com, jinlitai is a leading national brand enterprise of high-performance industrial coatings integrating scientific research, production, sales and service, focusing on environmental protection and high-performance automotive coatings for more than 20 years.