Qixiang Tengda: Net profit in the first half of the year is expected to increase by 200%-245% year-on-year

Securities Times e company news, Qixiang Tengda (002408) announced on the evening of June 14 that the net profit for the first half of 2021 is expected to be 1.426 billion yuan to 1.64 billion yuan, a year-on-year increase of 200% to 245%. During the reporting period, the 200,000 tons/year nitrile latex project and the 200,000 tons/year MMA project invested and constructed by the company have been completed and put into production, which has increased the company’s product sales and profits, and is an important factor in the company’s performance growth during the reporting period. In addition, during the reporting period, affected by the economic recovery, the prices of major products of companies such as methyl ethyl ketone, maleic anhydride, and nitrile latex continued to remain high.