Digbei.com on April 2, Yitong new material (300930) 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 shareholders of listed companies was 14.1 million yuan to 18.1 million yuan, an increase of 112.03% – 172.18% over the same period of last year.
In the first quarter of 2020, due to the impact of the New Coronavirus epidemic, production and sales in the downstream industries, especially in the automotive industry, fell sharply, and the industrial chain was delayed, resulting in the reduction of effective working days and low utilization of capacity. In the first quarter of 2021, the economy recovered, and the market demand for downstream industries continued to generally improve. And the income is growing steadily.
In the first quarter of 2021, the impact of non recurring profit and loss on the net profit attributable to the company was about 40000 yuan, compared with 370000 yuan in the same period of last year.