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New record! Tongyu Heavy Industry Issue Performance Forecast for the First Quarter of 2021

        On the evening of April 7, 2021, Tongyu Heavy Industry Co., Ltd. (hereinafter referred to as the "Company") released the performance forecast for the first quarter of 2021: the net profit attributable to shareholders of the listed company is expected to be between 93,167,600 yuan and 11,801,100 yuan, an increase of 50%-80% over the same period last year. On the basis of the best performance in history projected for 2020, the company is expected to reach a new high in the first quarter of 2021!

       Recently, the state issued "14th Five-Year Plan" and the Outline for the Long-Range Objective Through the Year 2035 clearly point out: "accelerate the development of non-fossil energy, adhere to the centralized and distributed simultaneously, vigorously promote wind power, photovoltaic power generation scale, accelerate the development of distributed energy in the east and central region, orderly development of offshore wind power......" ; The State Council's "Guidelines on Accelerating the Establishment and Improvement of a Green, Low-carbon and Recycling Economic System" calls for "increasing the proportion of renewable energy use and vigorously promoting the development of wind power and photovoltaic power generation." Wind power and other new energy industries are in the strategic opportunity period of upgrading and transformation from alternative energy to main energy, and The trend of healthy and sustainable development in the medium and long term is more obvious.

       According to the announcement disclosure: during the reporting period, the company adhered to the business policy of "order pulling, production promoting and management interaction", and the output of castings and other products has continued to increase, and the proportion of wind power products, especially offshore wind power products, has increased, ensuring the steady increase of shipments.

       Meanwhile, with the entry of state-owned shareholder Zhuhai Port Holdings Group in August 2020, the capital strength of the company has been significantly improved. In February 2021, the company successfully issued the project of issuing shares to specific objects. All the raised funds of 944 million yuan were in place. After deducting the issuance expenses, all the funds were used to supplement the company's working capital. It is estimated that more than 50 million yuan of financial expenses can be saved every year.In March 2021, the company completed the advance putting back of two existing corporate bonds of 479.3 million yuan, which is expected to save more than 26 million yuan in financial expenses. At present, with the support of the state-owned controlling shareholder background and good development expectation, the company's new bank loan interest rate has all been reduced to the benchmark and below.

       In 2021, facing the new internal and external changes and challenges, the company will try its best to seize the important historical opportunity that the "National New Energy Strategy" is promoted the implementation, make use of the advantages of comprehensive industrial manufacturing platform, constantly strengthen the core competitiveness in the field of new energy equipment manufacturing, and continue to improve the capacity, quality and market share of wind power shaft, wind power castings and wind power structural parts. Accelerate the research and development and industrialization of new energy related products such as large offshore wind power components, promote the sustainable and healthy development of the company, and bring better returns to shareholders.

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