According to the Zhitong Finance App, ST Hongtaiyang (000525.SZ) released its 2021 annual performance report. The company's total operating revenue during the reporting period was 4.683 billion yuan, an increase of 16.44% over the previous year; net profit attributable to shareholders of listed companies was 3,726 million yuan, an increase over the previous year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 237 million yuan, narrowed year-on-year; basic earnings per share - 6.4156 yuan.

The announcement said that during the reporting period, since starting from the third quarter, the company's main products gradually “rose sharply in volume and price”, which led to a 16.44% increase in operating income over the previous year. However, due to the “low and high” of product prices, contract orders ahead, and strategic operating constraints after delivery, the implementation of the national “dual control of energy consumption” policy led to insufficient operating rates. As a result, not only was production capacity not fully released, but it also led to unforeseeable situations such as a rise in comprehensive operating costs, a sharp rise in raw material prices, the spread of the global epidemic, and “a sharp rise in shipping and logistics costs”. Although it had a certain impact on the company's operating profit, net profit after deducting non-recurring profit and loss increased 10.98% over the same period last year.