Shenzhen Textile A announced on April 3 that the company's operating income in 2022 will be 2.838 billion yuan, a year-on-year increase of 21.8%; the net profit attributable to shareholders of listed companies is 73.3092 million yuan, a year-on-year increase of 31.54%; basic earnings per share are 0.14 yuan. The company intends to distribute a cash dividend of 0.6 yuan (including tax) to all shareholders for every 10 shares.
In 2022, the panel industry will experience a wave of continuous downward revisions. In the second half of the year, under the strategy of panel makers continuing to adjust production and destocking, the panel market began to improve in the fourth quarter, and it is expected to further recover in 2023.
The company's total profit has declined compared with the same period last year. The main reason is that due to the continued weakening of the LCD TV panel market, the price of polarizers will gradually decline in 2022, and the newly put into production of the ultra-large-sized TV polarizer industry project (line 7) in During the reporting period, ramp-up mass production resulted in large losses. The company made provision for impairment of assets such as inventories based on estimated future net cash flows. The company's operating income and net profit attributable to shareholders of listed companies increased compared with the same period last year. The main reasons are: first, the company's Line 7 production capacity was released, and the overall revenue of the polarizer business increased; It can generate sufficient taxable income to utilize the deductible temporary difference and deductible loss, and meet the conditions for the recognition of deferred income tax assets, so the related deferred income tax assets can be recognized and the income tax expenses can be reduced at the same time.