With multiple business lines advancing in parallel, Feikai Materials expects a 75% increase in net profit in 2021

On the evening of January 9, Feikai Materials announced its 2021 performance forecast. The company expects to achieve a net profit attributable to shareholders of listed companies of 345 million yuan to 402 million yuan in 2021, an increase of 50% to 75% compared with the same period last year.

Regarding the reasons for the performance changes, Feikai Materials stated that during the reporting period, the domestic epidemic was effectively controlled, and the company's downstream enterprises gradually resumed work and production, which led to an increase in market demand for the company's main products and a significant increase in sales volume.

Among them, in the field of screen display, while the company's sales of liquid crystal and positive photoresist grew rapidly, the new product negative photoresist began to be sold on a large scale in the second half of 2021, resulting in rapid growth in the operating income of screen display materials;

Secondly, due to the increase in downstream demand for semiconductor materials, the company's semiconductor material revenue continued to maintain a good growth rate;

In addition, the company's shipments of UV-curable optical fiber coating materials have resumed growth, and UV-curable material products have been widely used in new business areas such as automobiles and functional films, bringing certain growth to the company's operating income during the reporting period;

Furthermore, due to strong demand from downstream customers and a surge in sales of some of the company's pharmaceutical intermediates, the company's operating income from pharmaceutical intermediates increased significantly during the reporting period, especially in the second half of 2021.

Finally, during the reporting period, in order to implement the annual operating plan of the board of directors, the company actively strengthened internal control, steadily promoted various projects of the company, and accelerated market development, ensuring the increase of the company's operating income and operating profit during the reporting period.

Feikai Materials said that it estimates that the impact of the company's non-recurring gains and losses on net profit in this reporting period will be approximately RMB 38.5206 million, and the impact of non-recurring gains and losses on net profit in the same period last year was RMB 48.1766 million.