Hailide's net profit expected to rise by 126.55-134.50% y-o-y

Hailide announced that the net profit attributable to shareholders of listed companies was expected to be 570 million yuan to 590 million yuan in 2021, an increase of 126.55-134.50% over the same period last year. In 2020, affected by the COVID-19 pandemic, the performance base was relatively low. In 2021, the company witnessed good business, especially the cord fabric industry showed a booming supply and demand. Hailide's production and sales increased significantly, and its profitability improved.