Put into operation mask meltblown cloth business, Nanning Sugar doubles net profit in the first quarter

Put into operation mask meltblown cloth business, Nanning Sugar doubles net profit in the first quarter
On the evening of April 14, Nanning Sugar Co., Ltd. (referred to as “Nanning Sugar”) issued a performance forecast saying that due to the rebound in mechanism sugar prices and the development of mask melt-blown cloth business by its subsidiaries, the company’s net profit in the first quarter of this year was 9 millionYuan to 13 million yuan, an increase of 103 in ten years.37% to 104.87%.According to the performance forecast, in the first quarter of this year, the company’s net profit was 900 million to 1300 million, overlapping the same period last year.6.7 billion, an annual increase of 103.37% to 104.87%; basic profit return is 0.028 yuan to 0.04 yuan.In response to the reasons for the increase in net profit, Nanning Sugar said that because the price of machine-made sugar rebounded from the same period last year, the raw sugar contained sugar, the sugar production rate continued to increase, the cost of sugar per ton exceeded the continuous decline, and the gross profit margin of sugar sales increased.Upgrade, sugar business turned losses into profit.At the same time, Nanning Qiaohong New Materials Co., Ltd., a subsidiary of the company, increased the gross profit of the paper products business due to the epidemic.According to another announcement issued by Nanning Sugar on April 14th, on January 28, Nanning Qiaohong New Material Co., Ltd. (hereinafter referred to as “Qiaohong Company”), a subsidiary of Nanning Sugar, took advantage of the newly built and put into operation in 2019.The textile production line was transformed into a medical-grade melt-blown cloth production line through technical transformation and process adjustment. It was officially put into operation on February 28, and the current production capacity is 3 tons per day.In addition, Nanning Sugar also stated that the combined investment of Qiaohong Company did not exceed 30 million yuan, and a new medical-grade meltblown cloth production line with a production capacity of 3 tons / day was newly built.The cloth production capacity can reach 6 tons / day, and the estimated completion time is from July to August this year.Specifically, in addition to the melt-blown cloth business, Shuya Company, a subsidiary of Nanning Sugar’s sanitary napkins, has also undergone technological transformation and added a mask production line. Nissan masks are expected to be 100,000-150,000 pieces.At present, mask products have obtained medical device production licenses, completed the registration of medical device records in the European Union, and completed registration with the US Food and Drug Administration.Public information shows that the main product of Nanning Sugar is white granulated sugar, which is mainly used in food, medicine, chemical and biological industries.Customers include Haitian Weiye, Jiaduobao, Wahaha and other beverage vendors and Guangxi Dinghua Commercial Co., Ltd. and other professional distributors.Sauna, Yewang learned that due to the turnaround of Nanning Sugar in 2019, it achieved revenue36.$ 6.3 billion, an annual increase of 1.8%; realized net profit of 3189.120,000 yuan, an annual increase of 102.34%.Therefore, Nanning Sugar has applied to the Shenzhen Stock Exchange for “cap removal”. If approved, the stock abbreviation will be changed from “* ST Nantang” to “Nanning Sugar”.Sauna, Yewang Ouyang Xiaojuan Editor Zhu Fenglan proofreading Li Shihui