Jiahua Energy (600273): Net Profit Increased By 35.15% - 45.00% In The First Quarter

Jiahua energy (600273. SH) disclosed the announcement of performance increase in the first quarter of 2021. It is estimated that the net profit attributable to shareholders of Listed Companies in the first quarter of 2021 will be 329 million yuan - 353 million yuan, with a year-on-year increase of 35.15% - 45.00%; the net profit of deducting non recurring profit and loss attributable to shareholders of listed company in the first quarter of 2021 is expected to be 326 million yuan - 350 million yuan, with a year-on-year increase of 33.66% - 43.49%. The main reasons for the increase in performance are as follows:

In the first quarter of 2020, the Xinguan epidemic affected the start-up of the company's production units. In the first quarter of 2021, the downstream market demand increased, and the company's various units maintained stable operation, and the production and sales volume of main products increased year-on-year, and the price increased year-on-year: among them, the downstream market demand of fatty alcohol (acid) increased steadily, the gross profit rate further increased, which contributed greatly to the profit growth; photovoltaic power generation projects were included in the project According to the list of renewable energy power generation subsidy projects of State Grid Corporation of China, the operating revenue was confirmed according to relevant policies, and the profit increased year on year; the steam production and sales increased year on year, and the profit increased.