Jinying Shares (600232): In 2021, The Net Profit Will Increase By 54.24% Year On Year, And It Is Planned To Make 2% Of The Total Profits In 10 Groups

Jinying Co., Ltd. (600232. SH) released its 2021 annual report. The company's operating revenue in 2021 was 1.209 billion yuan, with a year-on-year growth of 19.28%; The net profit attributable to the shareholders of the listed company was 49.071 million yuan, with a year-on-year increase of 54.24%; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 26.3773 million yuan, which turned losses into profits on a year-on-year basis; The basic earnings per share is 0.14 yuan.

The announcement said that the main reason for the change in operating income was that the sales of flax textile increased significantly, while the sales of textile machinery and new energy battery materials also increased rapidly. During the reporting period, the cyclical recovery of flax industry led to the recovery of demand, orders and prices of flax products. At the same time, the newly developed and highly automated technical equipment with improved efficiency and quality began to be put into the market, resulting in the increase of textile machinery orders of the company; In recent years, the new energy sector has developed rapidly, and the industry prosperity and sales unit price have been continuously improved, resulting in the obvious improvement of the operating efficiency of this sector.

According to the announcement, in addition, the seventh meeting of the 10th board of directors of the company deliberated and approved the profit distribution plan: to distribute cash dividends of 2 yuan (including tax) to all shareholders for every 10 shares based on the company's total share capital registered on the date of equity distribution registration, and the remaining profits were carried forward to the next year.

Based on the principle of prudence, the company has carried out a comprehensive inventory of all kinds of assets within the scope of the consolidated statements as of December 31, 2021, and has conducted impairment test on the relevant assets that may suffer from asset impairment loss, and has made provision for asset impairment of RMB 14704900.