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In 2021, Lianhong New Materials achieved revenue of 7.581 billion yuan, a year-on-year increase of 27.81%. Author/Source: Sinochem News Date: March 30, 2022 Views: 7 On March 29, Lianhong New Materials released its 2021 annual report, which showed that it had realized operating revenue of 7.581 billion yuan, up 27.81% from the previous year； The net profit attributable to the parent company was 1.091 billion yuan, representing a year-on-year increase of 70.24% ； The weighted ROE increased to 18.5%, while the operating net cash flow reached 1.27 billion yuan. It is proposed to distribute a cash dividend of 2 yuan (including taxes) per 10 shares to all shareholders. The annual report shows that in 2021, Lianhong New Materials continued to strengthen and expand its advantages in various segments of the EVA, PP, and EOD product markets, with the proportion of high-margin products increasing steadily. Among these, the sales volume of EVA photovoltaic film materials increased by approximately 42% on a year-on-year basis; the market share of cable materials remained leading, while the sales volume of specialty materials for high-end footwear increased by about 86% year-on-year ； The market share of PP materials specifically designed for thin-wall injection molding remains at the leading level; sales of high-melting random copolymer materials increased by approximately 12% on a year-on-year basis, while highly transparent PP materials have been successfully developed and their production is gradually increasing ； In terms of EOD, new green and low-carbon products are continuously developed; the sales volume of high-concentration cleaning agents increased by approximately 80% on a year-on-year basis, while the sales volume of special polyethers used in environmentally friendly water-based cutting fluids rose by about 25% year-on-year. The company holds a leading position in the regional market for water reducers used in road and transportation projects. According to a statement released by Lianhong New Materials on March 28, the company’s EVA production facility has completed its expansion and renovation and has resumed operations; it is expected that the output of key products such as EVA will increase compared to the previous year in 2022. “During the 14th Five-Year Plan period, new energy materials and biodegradable materials became the two main areas in which Lianhong New Materials focused its investments. Among them, new energy materials include EVA photovoltaic film materials, lithium battery solvents, and lithium battery separator materials, while biodegradable materials include PLA, PPC, etc. As planned, Lianhong New Materials’ projects including the “100,000 tons per year lithium battery materials – carbonate combined plant project,” the “20,000 tons per year ultra-high molecular weight polyethylene and 90,000 tons per year vinyl acetate combined plant project,” the “200,000 tons per year lactic acid and 130,000 tons per year polylactic acid production project,” and the “integrated project for new energy materials and biodegradable materials” are all in progress.