Zhejiang Juhua Co., Ltd. disclosed its annual report on April 22, 2022. In 2021, the company achieved a total operating revenue of 17.99 billion, with a year-on-year increase of 12%. The net profit attributable to the parent company was 1.11 billion, with a year-on-year increase of 1062.9%.
Refrigerant made a great contribution to the revenue in this period
From the perspective of business structure, refrigerant is the main source of business income. Specifically, the operating revenue of refrigerant is 5.81 billion, accounting for 29.9% of revenue and 11.7% of gross profit margin. Followed by basic chemical products and others, accounting for 23.06%. Fluoropolymer materials are also an important part of its main business income, accounting for 13.98%, second only to the first two.
The period cost is 1.5 billion yuan and the operating cost is 15.44 billion yuan
In 2021, the operating cost of the company was 15.44 billion yuan, with a year-on-year increase of 3.4%, which was lower than the growth rate of 12% of operating revenue, resulting in a 7.2% increase in gross profit margin. The expense rate during the period was 8.3%, with an increase of 0.9 percentage points over the previous year.
The rise of product prices being an important reason for the company’s profits increasing
Overseas revenue grew rapidly, with a year-on-year increase of 40.18%
