April 7 evening, Nanshan Zhishang released a bright 2021 annual report. Under the background of steady growth in the industry, give full play to its own industrial chain integrated advantage, adhere to the high-end, the differentiation strategy, relying on technology and research and development advantages, the upstream continuously develop high value-added fabric and functional fabric market, continued to expand downstream clothing sales and personalization market, many measures simultaneously, hand over a stunning performance in 2021, The operating revenue reached 1.492 billion yuan, with a year-on-year growth of 9.88%. Net profit of 152 million yuan, up 74.17% year on year; Non-deduction net profit of 140 million yuan, up 75.19% year on year.

In the past two years, the market share of high-quality enterprises like Nanshan Zhishang, which really has r&d advantages, supply chain advantages and technical barriers, has been increasing. In 2021, the company's worsted woollen cloth and clothing business gross margin reached 35.35% and 31.10% respectively, fully reflecting the company's core competitiveness.

During the reporting period, Nanshan Zhishang adjusted its strategic layout, and continued to develop high value-added fabrics and functional fabrics market according to the development ideas of specialization and information technology, which further consolidated the company's leading market position in high-end worsted fabrics industry. With the development and launch of a series of functional fabrics represented by OPTIM all-wool waterproof fabrics, the company has achieved a breakthrough in the wear performance of wool fabrics and expanded the wool textile products from traditional winter products to seasonal products. The continuous expansion of product functional areas also promotes the company's continuous performance. In 2021, the revenue and sales volume of worsted woollen cloth kept rising, with year-on-year growth of 40.34% and year-on-year growth of 29.14%. Gross margin increased 9.36% year-over-year to 35.35%.

In terms of clothing business, relying on the strategic layout advantage of "whole industry chain", the company targets Italian high-end clothing enterprises, constantly enriches product structure, continuously develops high-end market, and promotes the upgrading of traditional industries with innovation. At the same time, through the establishment and improvement of the backstage support system of high quality clothing, greatly improved the efficient undertaking and production cycle of personalized customized orders, which can effectively promote the company to occupy a leading position in the high quality industry. During the reporting period, the company's clothing business gross margin reached 31.10%.

In addition, the company also actively responds to the major strategic deployment of national manufacturing power, with years of accumulated technological advantages, actively extends the industrial chain, investment and construction of 600 tons/year ultra-high molecular weight polyethylene project. In the future, the company will continue to pursue new technology and new process breakthroughs for the increasing market demand of high-strength and high-modulus POLYETHYLENE fiber, and strive to gradually occupy a place in the domestic high-end fiber market.