JASIC announced its 2021 financial report on April 23rd, 2022. This year JASIC reached a 22.45% YoY growth rate in total operating revenue and a 23.33% YoY growth rate in net profit attributable to shareholders despite facing uncertainties brought about by geopolitical tension and volatile global trade environment.
JASIC total operating revenue reached USD 193.64 million* in 2021, a 22.45% increase compared to the same period of last year.
Period |
2019 |
2020 |
2021 |
Total operating revenue |
$149,652,379.82 |
$158,131,181.98 |
$193,637,189.29 |
JASIC has seen a significant recovery in 2021. Operating income grew by 17.84% YoY, bouncing back from a 21.72% contraction in 2020. Total profits climbed 20.34% from a year earlier, rebounding from a 23.34% decline in 2020. And net profit attributable to shareholders rose by 23.33% compared to last year, recovering from a 21.73% drop in 2020. Earnings per share increased by 20.59% YoY, returning back from a 20.93% decrease in 2020.
Period |
2019 |
2020 |
2021 |
Operating income |
$38,091,056.12 |
$29,815,963.99 |
$35,135,636.21 |
Total profits |
$38,129,623.79 |
$29,231,038.96 |
$35,177,324.88 |
Net profit attributable to shareholders |
$32,186,874.48 |
$25,193,338.86 |
$31,071,601.36 |
Earnings per share |
$0.07 |
$0.05 |
$0.06 |
JASIC gained a significant increase in the operating revenue with a reasonable loss in profit in export sales. The operating revenue of export sales in 2021 totaled to USD 91.76 million, a 27.06% YoY growth rate. The operating cost was USD 60. 51million, a 35.44% YoY growth rate.
JASIC made every effort to face the challenges of an increasingly volatile global trade environment:
JASIC went lengths to control the rise of purchase cost caused by the volatile international environment:
Period |
2019 |
2020 |
2021 |
Operating revenue |
$67,176,314.08 |
$72,222,341.90 |
$91,763,129.50 |
Operating cost |
$41,247,283.23 |
$44,673,921.80 |
$60,506,556.02 |
2022 has underscored JASIC’s ability to rapidly adapt to changing environments.
Looking into the future, JASIC will keep strengthening its core competencies while developing new businesses internationally:
For sales
For RDI center
*CNY to USD exchange rate used is 6.452