On the evening of March 17, Qingdao Guolin Environmental Protection Technology Co., Ltd. (hereinfollowing referred to as “Guolin Technology”) released its 2021 annual report. The company achieved operating income of 496 million yuan in 2021, a year-on-year increase of 23.41%; The net profit was 76.0289 million yuan, a year-on-year decrease of 4.95%.
Image source: Guolin Technology 2021 Annual Report
At the same time, Guolin Technology also issued an announcement stating that in order to meet the needs of the company’s production, operation and development, the company plans to apply to banks for a total credit amount of not more than RMB 580 million in 2022 (finally, the actual credit line approved by each bank is allow).
According to the official website, Guolin Technology is mainly engaged in ozone generation mechanism research, ozone equipment design and manufacture, ozone application engineering scheme design and ozone system equipment installation, commissioning, operation and maintenance. The company’s products are mainly large-scale ozone generators, covering a full range of ozone generators and ozone system integration equipment.
Financial NetworkIt is noted that in the first three quarters of 2021, Guolin Technology has achieved double growth in revenue and net profit. The third quarter report shows that the company achieved a total operating income of 370 million yuan in the first three quarters of 2021, a year-on-year increase of 43%; net profit attributable to the parent was 62.907 million yuan, a year-on-year increase of 10.7%. However, in the fourth quarter of 2021, Guolin Technology’s single-quarter net profit dropped by more than 40% year-on-year. The financial report shows that in the fourth quarter of 2021, Guolin Technology’s single-quarter main income was 123 million yuan, a year-on-year decrease of 12.74%; the single-quarter net profit attributable to the parent was 13.1219 million yuan, a year-on-year decrease of 43.37%.
It is worth noting that in 2021, Guolin Technology’s operating cash flow will also turn from positive to negative. The financial report disclosed that Guolin Technology’s cash flow from operating activities in 2020 was 69.7816 million yuan, and the cash flow from operating activities in 2021 was -19.1136 million yuan, a year-on-year decrease of 127.39%. As for the reason for the sharp decline in cash flow from operating activities, Guolin Technology said that it was mainly due to the increase in cash expenditure due to the increase in operating income and the increase in raw material prices, the increase in raw material purchases, and the increase in the purchase of raw materials for the production of Xinjiang crystal glyoxylic acid project production equipment. caused.
As of the close on March 17, Guolin Technology’s stock price was reported at 29.97 yuan per share, with a total market value of 3.064 billion yuan.
(Editor: Fan Mengdi)
