Hoshine Silicon Expects Net Profit to Increase by 505.28% To 519.52% In 2021

PVTIME – Hoshine Silicon Industry Co., Ltd (hereinafter referred to as Hoshine Silicon or the Company) (603260.SH) issued an announcement on January 11, that it is estimated that the net profit of the company in 2021 will be 8.5 billion-8.7 billion yuan, a year-on-year increase of 505.28%-519.52%.

What is more, the Q3 net profit of Hoshine Silicon is 2.63 billion yuan, with which the Q4 net profit is expected to be 3.497 billion yuan to 3.697 billion yuan, an increase of 32%-40%.

Hoshine Silicon is one of the core industries of Ningbo Hoshine Group Co., Ltd. It is a national-level key high-tech enterprise integrating R&D, production and sales focusing on new silicon-based materials. The company has a whole silicon industry chain, in which industrial silicon production has ranked first in China for six years, while organic silicon production capacity is the first in China. It is a leading double-lead enterprise in Chinese silicon-based industry, and the company achieved a boom in production and sales during the year.