Yuanchen Technology (688659.SH) in the first half of the year, deducted non-net profit increased by 418.09% year-on-year, vigorously explored the non-electricity market

Yuanchen Technology (688659.SH) disclosed the 2021 semi-annual report. During the reporting period, the company achieved operating income of 227 million yuan, a year-on-year increase of 26.91%; net profit attributable to shareholders of listed companies was 28.862 million yuan, a year-on-year increase of 293.78%; attribution The net profit from shareholders of the listed company after deducting non-recurring gains and losses was RMB 25,061,100, a year-on-year increase of 418.09%; basic earnings per share were RMB 0.21.

During the reporting period, the company firmly grasped the national environmental governance policy and complied with the emission control requirements. While continuously consolidating its position in the power market industry, the company increased its market investment in non-electric industries such as iron and steel sintering, lime kilns, refractory kilns, and waste incineration. Strategic cooperation with well-known companies such as Shandong Guoshun Group, Everbright Environment, Shanghai Kangheng Environment, Huaxing Dongfang, Conch Cement, etc., to seize the high-temperature high-end filter bag market. The above-mentioned industries, as the company's non-electricity market strategy development direction of high value-added products, combined with the company's pure PTTF production line capacity expansion, are the main directions for expanding market scale and increasing market share.

At the same time, the company actively lays out the upstream and downstream industrial chain. Derived from the concept of catalyst life-cycle management in the testing center to third-party testing services, it established a wholly-owned subsidiary, Cornfield, to rapidly expand the testing field within two years, and at the same time obtain the double C certification qualification (CMA&CNAS). As an organization specializing in the testing of denitrification catalysts and environmental protection filter materials and the performance acceptance of environmental protection equipment and facilities, the company provides downstream customers (electricity and non-electricity fields: such as cement, waste incineration, steel, waste incineration, Glass, etc.) provide full life cycle evaluation, assessment and management services to ensure the long-term stable operation of the customer’s on-site units, which improves the company’s core competitiveness and profitability. It has now developed into a third-party testing company and comprehensive type in the field of ecological environment and environmental protection. Technology service provider.

As of the end of the reporting period, the company's total assets were 919 million yuan, an increase of 33.64% over the previous year; the net assets attributable to shareholders of listed companies were 615 million yuan, an increase of 55.25% over the end of the previous year.