Yujing Machinery Forecasted its Net Profit 2021

PVTIME – Hunan Yujing Machinery Co., Ltd. (hereinafter referred to as Yujing Machinery or the company)(002943.SZ), forecasted its performance on January 28. Its net loss attributable to shareholders of listed companies in 2021 is expected to be 6 million to 10 million yuan, while earnings per share loss of 0.06 – 0.1 yuan. The net profit loss attributable to shareholders of listed companies was 5.975 million yuan in the same period of last year, with a loss of per share of 0.06 yuan.

Yujing Machinery stated that the main reason for the changes in performance is that the company has increased its investment in multi-wire cutting machines, diamond wire products and carbon-carbon thermal field products, to further improve the company’s overall layout of the photovoltaic industry chain. During the reporting period, the company’s sales of multi-wire cutting machine products and diamond wire cutting consumables increased significantly compared with the same period of last year, due to the fast development of the photovoltaic industry. Meanwhile, the carbon-carbon thermal field series products of the newly established holding subsidiary had gained profit during the reporting period. Therefore, the company’s operating income during the reporting period has increased significantly compared with last year.