What is Meifu Petrochemical’s profit situation in 2021?

Meifu Petrochemical’s profits in 2021 are basically stable. For a time, issues such as the difference in valuation before and after the target and the rationality of all cash payments of the consideration became the focus of market attention. After a certain period of cultivation, Meifu Petrochemical has formed a stable profit model. The purpose of this transaction is to inject high-quality chemical assets into listed companies, enrich the product lines of the chemical sector of listed companies, expand the company's business development space, and increase the company's profit level and earnings per share. Guan Jianzhong, chairman of Jiahua Energy, said that from 2016 to 2017, the improvement in operating performance of the target company Meifu Petrochemical was the main reason for this valuation increase.