Xuetian Salt IndustryMarch 12announcement, From January to February 2022, the company’s production and sales will be booming, and the volume and price of main products will increase.According to preliminary calculations, from January to February 2022, the company will achieve a total operating income of about 960 million yuan, a year-on-year increase of about 80%; attributable to listed companiesshareholderofnet profitAbout 90 million yuan, a year-on-year increase of about 125%.
Xuetian Salt IndustryIts main business is salt and salt chemical industry, and salt and salt chemical industry develops collaboratively. The company is accelerating its development from a regional company to a national company. It has established 30 branches outside the province and developed more than 16,000 dealers outside the province, all of which are equipped with its own professional team to develop the market. The production and sales volume of the company’s salt is more than 5 million tons, and the sales in the market outside the province have exceeded the market in the province; in the salt chemical industry segment, the company’s subsidiary Jiuer Salt Industry has an annual production capacity of 300,000 tons of caustic soda and 180,000 tons of hydrogen peroxide. Xiangyu Salt Chemical’s production capacity of 700,000 tons of soda ash and ammonium chloride will be increased to double 900,000-1,000,000 tons after the completion of production transformation at the end of this year. At the same time, according to the company’s calculations, excluding the factors of cost fluctuations, the unit production cost of soda ash will be reduced by more than 200 yuan after the production transformation of Xiangyu salt chemical industry is completed.
The company said that the current salt chemical industry has entered a continuous profitable business cycle, which can provide strong support for the company’s revenue and profits. In the long run, with the in-depth implementation of the company’s salt sector nationalization strategy, the proportion of mid-to-high-end salt will increase, which will further enhance the company’s profitability. At the same time, the company is trying to enter the new condiment track. The company has signed a strategic cooperation agreement with Xinnongken (Shanghai) Agricultural Development Co., Ltd. to jointly fund the establishment of a joint-stock company and expand multi-level cooperation in the field of compound condiments, such as brand building, product research and development, market layout, and new retail model exploration. In the future, the company will adhere to the business strategy of “well-known brand, leading quality, and rich categories”, take technology upgrade and product upgrade as the starting point, accelerate the serialization, high-end and nationalization of the condiment business, and promote the high-quality development of the company. (Liu Tao)
(Article source: ShanghaisecuritiesNewspaper Chinasecuritiesnetwork)
Article source: Shanghai Securities News China Securities Network
Responsible editor: 10
Original title: Xuetian Salt Industry’s net profit increased by 125% from January to February, and the volume and price of main products increased
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