1. Overview
In the recently released 2021 annual report, Jiangte Motor disclosed its financial performance for the period from January to December. The report reveals the composition of the company's operating income during this period:
2. Carbonate Lithium Revenue
In 2021, Jiangte Motor generated a revenue of 1.343 billion yuan from carbonate lithium. The cost of carbonate lithium was 820 million yuan, resulting in a gross profit of 520 million yuan, with a gross profit margin of 38.7%.
3. Performance Analysis
The annual report further highlights the company's overall financial performance for the year 2021:
4. Business Segment Analysis
Jiangte Motor's main business segments and their respective contributions in 2021:
5. Future Outlook
In the first quarter of 2022, Jiangte Motor achieved an operating income of 1.36 billion yuan, indicating continued growth and positive momentum. The company's performance in 2021 and the upward trend in the first quarter of 2022 demonstrate its resilience and ability to adapt to market changes. With its diversified business segments and focus on innovation, Jiangte Motor is well-positioned to capitalize on future opportunities and drive sustainable growth.
Despite a 456% increase in its stock price, ranking fourth in the A-share market in 2021, Jiangte Motor remains one of the most promising stocks since 2020, considering its low trading price of 1.25 yuan in May 2020.