On January 20, Jiangnan High Fiber (600527) released its 2021 annual performance forecast: it is expected that the net profit attributable to the shareholders of the listed company in 2021 will be about 108.17 million yuan, a decrease of about 124.51 million yuan compared with the same period last year, a year-on-year decrease of about 53.51%.
According to the announcement, the performance forecast period is from January 1, 2021 to December 31, 2021, and it is expected that the net profit attributable to the shareholders of the listed company in 2021 after deducting non-recurring gains and losses will be about 104.01 million yuan, a year-on-year decrease of about 54.33%.
The company's net profit attributable to shareholders of listed companies in 2021 decreased by about 53.51% compared with the same period of the previous year, mainly due to the following reasons:
In 2020, the sales of composite staple fiber products showed a wave of hot market, and the sales volume and average sales price of composite staple fiber products increased significantly year-on-year, resulting in a substantial increase in operating performance in the previous year.
In fiscal 2021, due to the lack of downstream market demand and the intensification of industry competition, the sales volume and average sales price of composite staple fibers decreased year-on-year, and the price of its main raw materials increased, resulting in a decline in product gross profit.
According to the data of the shell net, Jiangnan High Fiber is mainly engaged in the research and development, production and sales of polyester wool and composite staple fiber.
This article originated from the digging shell network
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