Shangji Automation: Net Profit in 2021 Is Expected to Increase by 207%-239%

PVTIME – On January 12, Wuxi Shangji Automation Co., Ltd.(hereinafter referred to as Shangji Automation or the Company) (603185.SH) has disclosed its 2021 annual performance forecast. It is expected that the company will achieve a net profit of 1.63 billion yuan to 1.8 billion yuan attributable to shareholders of listed companies in 2021, a year-on-year increase of 207%-239% .

According to the announcement, Shangji Automation expanded the scale of monocrystalline silicon business as planned, and the production capacity continued to increase, maintaining a good capacity utilization rate and production and sales ratio. The sales scale of its monocrystalline silicon business continued to outspread, which will result in an increase in the company’s sales revenue.