The secretary of the board of directors of TBEA replied: The progress of the construction of the technical transformation project has always been expected, and the actual situation is changing at any time

TBEA (600089) responded to investors' concerns on the investor relations platform on January 13.

Investors: Please look at the interactive content of October 14, 2021 "The existing Xinjiang polysilicon production line is currently undergoing technical transformation, which is expected to be completed by the end of the first quarter of 2022, when the polysilicon production capacity of Xinte Energy Xinjiang production line will reach 100,000 tons / year." Today (2022.01.11) replied that "the company's Xinjiang polysilicon production line is currently undergoing technical transformation, which is expected to be completed in the first half of 2022, and the company's production capacity of polysilicon in Xinjiang will reach 100,000 tons / year after the completion of the technical transformation." "I said that it was completed at the end of the first quarter, and in the middle of January, I pushed it to the first half of the year. It's like a drama, flying freely. How do you explain it?

TBEA Secretary of the Board of Directors: Hello, the construction progress of the company's technical transformation project has always been expected, and the actual situation is changing at any time, please treat it rationally. The company's Xinjiang polysilicon production line technical transformation project part of the equipment production enterprises are located in Xi'an, affected by the epidemic, equipment supply may be delayed, affecting the construction progress of technical transformation projects, the company is doing its best to communicate and coordinate to accelerate the project advancement.

Investor: Hello, what big investment plans have your company had recently?

Secretary of the Board of Directors of TBEA: Hello, if the company has an investment plan, it will perform the decision-making procedures and information disclosure obligations according to the relevant circumstances and in accordance with the relevant provisions of the exchange, please continue to pay attention to it.

TBEA's 2021 third quarter report shows that the company's main revenue was 39.168 billion yuan, up 32.65% year-on-year; net profit attributable to the mother was 5.191 billion yuan, up 233.67% year-on-year; deducting non-net profit of 3.973 billion yuan, up 246.06% year-on-year; among them, in the third quarter of 2021, the company's single-quarter main revenue was 16.637 billion yuan, up 44.34% year-on-year; single-quarter net profit attributable to the mother was 2.085 billion yuan, up 227.92% year-on-year. In the single quarter, the non-net profit was 2.023 billion yuan, up 482.82% year-on-year; the debt ratio was 55.95%, the investment income was 284 million yuan, the financial expense was 619 million yuan, and the gross profit margin was 27.88%.

In the past 90 days, a total of 5 institutions have given ratings, 4 buy ratings and 1 overweight rating; the target average price of institutions in the past 90 days is 28.0; the net outflow of financing in the past 3 months is 605 million, and the balance of financing is reduced; and the net outflow of margin is 301 million, and the balance of margin is reduced. The Securities Star Valuation Analysis Tool shows that TBEA (600089) has a good company rating of 3 stars, a good price rating of 3 stars, and a valuation comprehensive rating of 3 stars. (Rating Range: 1 ~ 5 stars, maximum 5 stars)

TBEA's main business: power transmission and transformation business, new energy business and energy business

The chairman of the company is Zhang Xin. Mr. Zhang Xin: born in 1962, Han ethnicity, CPC member, Chinese nationality, college degree, senior engineer, engineer, currently director of Xinjiang Zhonghe Co., Ltd., chairman of TBEA Co., Ltd., director of Xinte Energy Co., Ltd., executive director of TBEA Technology Investment Co., Ltd., director of Xinjiang TBEA Electric Group Co., Ltd., director of Xinjiang Honglian Venture Capital Co., Ltd., director of TBEA Group Finance Co., Ltd., deputy to the 13th National People's Congress, Member of the Standing Committee of the Executive Committee of the All-China Federation of Industry and Commerce, Vice President of the China Machinery Industry Federation; He once served as the chairman and general manager of TBEA Electric Co., Ltd., a deputy to the 18th National Congress of the Communist Party of China, and a deputy to the 11th National People's Congress.

This article is compiled by the Securities Star Data Center based on publicly available data and does not constitute investment opinions or suggestions, if you have any questions, please contact us.