February 24th, SUPCON (688777.sh) released its 2021 annual performance report, estimating to achieve revenue of 4.519 billion yuan ($715.8 million), a year-on-year growth of 43.08%. Total assets are expected to reach 10.248 billion yuan ($1.62 billion), up 24.68% year on year; The stock earnings per share reached 1.17 yuan ($ 0.18), up 23.16% year on year.
In terms of single quarter, SUPCON is expected to achieve revenue of 1.597 billion yuan ($253 million) in the fourth quarter of 2021, up 46.54% year-on-year and 46.58% quarter-on-quarter.
The digital transformation is further upgraded in 2021 leading to the increasing demand of the process industry for high-end automation and digitalization product/solution. SUPCON continues to increase investment in R&D and launch series products in automation/safety control systems and industrial software for broad application scenarios. During the reporting period, SUPCON achieved an increase in coverage rate of customers and made breakthrough in cooperation with several top-tier customers through introducing new service mode online/offline, plus overall digital transformation solutions and industrial solutions based on software.