Maxwell’s Non-net Profit to Increase by 59.54% To 89.08% In 2021

PVTIME – Suzhou Maxwell Technologies Co., Ltd. (hereinafter referred to as Maxwell or the Company)(300751.SZ), a high-end equipment manufacturer integrating mechanical design, electrics research & development, software development, and precision manufacturing, released the 2021 annual performance pre-increase announcement on January 16, stating that the net profit attributable to shareholders of listed companies in 2021 is expected to be 580 million to 680 million yuan, a year-on-year increase of 47.05% to 72.40%. The net profit after recurring gains and losseswill be 540 million yuan to 640 million yuan, a year-on-year increase of 59.54% to 89.08%.

Regarding the growth in performance, Maxwell said: “The sales volume of the company’s main product, solar cell screen printing equipment, has steadily increased, resulting in the company to maintain a high growth rate in net profit in 2021. Meanwhile, the company’s overall sales gross profit margin has a year-on-year increase.”