Tayho New Material issues a performance forecast for 2021

Tayho New Material (002254) recently issued a performance forecast for 2021, and the performance was expected to rise. During the reporting period, the net profit belonging to shareholders of listed companies was 900 million yuan to 1 billion yuan, an increase of 245.26-283.62% over the same period last year. Basic earnings per share was at 1.32-1.46 yuan per share.

Main business: the company's performance increased significantly in 2021 compared with the same period last year benefited from the following 2 reasons: (1) With the recovery of downstream demand and the impact of supply and demand pattern, the price of spandex climbed up significantly, and the profit level advanced significantly compared with the same period last year; (2) The capacity of aramid products was gradually released, while the market demand was exuberant, production and sales improved significantly, and profits increased steadily.