Dongfang Shenghong: Net profit increased by 490% year-on-year in 2021

Oriental Shenghong (000301) released the performance bulletin, 2021 net profit of 4.523 billion yuan, a year-on-year increase of 490.01%.During the reporting period, the capacity of EVA photovoltaic resin produced by Sierbang was stable at more than 200,000 tons/year. The differentiated functional chemical fiber project of Hong Kong Fiber with an annual output of 200,000 tons and the PET reclaimed fiber project of Zhongqi Technology with an annual output of 60,000 tons were completed and put into operation in the second half of 2020, which increased the revenue and profit contribution year-on-year.

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