Changbao shares in the first quarter of 2021 net profit fell by 84%-89% Upstream raw material prices rose sharply

On April 14, Changbao Shares (002478) recently released the first quarter of 2021 performance forecast, and the performance is expected to decline in the same direction. The net profit attributable to the shareholders of the listed company during the reporting period was 10 million yuan - 15 million yuan, down 84.09% -89.39% from the same period last year; the basic earnings per share were 0.0104 yuan / share - 0.0156 yuan / share.

The operating performance in the first quarter of 2021 achieved a significant decline compared with the same period last year, mainly due to the significant increase in the price of raw materials in the upstream of the company's energy pipe sector, which adversely affected the company's overall operation, while the oil and gas opening and use pipe market was affected by the new crown epidemic, oil price fluctuations and demand continued to affect, production and sales and prices declined, resulting in a year-on-year decline in operating performance in the first quarter of 2021. During the reporting period, the company actively did a good job in other markets, and the production and sales scale of the company's power station boiler tubes and other market segments increased compared with the same period last year.

According to the data of the digging shell network, Changbao Co., Ltd. is mainly engaged in the research and development, production and sales of special pipes such as oil and gas pipes, power station boiler tubes and engineering machinery and petrochemical pipes, and the main products are oil and gas opening tubes, power station boiler tubes, construction machinery and petrochemical pipes and other special pipes in the market segment.

Source link: http://www.szse.cn/disclosure/listed/bulletindetail/index.html?26dc1f39-28e6-48f5-b400-0a0c0e81b3c7

This article originated from the digging shell network