Securities code: 002765 securities abbreviation: Landai Technology Group Corp.Ltd(002765) Announcement No.: 2021-035 Landai Technology Group Corp.Ltd(002765) summary of 2020 Annual Report
1、 Important note: the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
Director Li Tingyu Zhang Ying due to business trip
Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors □ applicable √ not applicable. The company plans not to distribute cash dividends, bonus shares or convert accumulation fund into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Landai Technology Group Corp.Ltd(002765) stock code 002765
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Bian Weiqin, Zhang Ying
Office address: No. 100, Jianshan Road, Biquan street, Bishan District, Chongqing
Tel: 023-41410188
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
During the reporting period, the company was mainly engaged in two business segments: touch display business and power transmission business. During the reporting period, there was no significant change in the company’s main business, main products and their uses, business model and main performance drivers.
(1) Touch display service
The touch display business is mainly the R & D, production and sales of touch screen and touch display integration related products. The products mainly include capacitive touch screen, touch display module, cover glass, touch sensor, etc. the products are mainly used in tablet computers, laptops, industrial control terminals, automotive electronics, Internet of things intelligent devices and other information terminal fields. The company is committed to taking the world’s leading manufacturers as the key to develop customers. Now it has become a supplier of well-known enterprises in BOE, Foxconn, quanta computer, Compal industry, Huaqin communication, GIS and other industries. The products are finally applied to international well-known brand electronic products, such as Amazon, Lenovo tablet, ACER notebook and so on. The product positioning is relatively high-end. During the reporting period, the company seized the development opportunity of the touch display industry, continued to take the world’s leading electronic product ODM / OEM manufacturers as the key service objects, and maintained a good partnership with many well-known enterprises in the industry with advanced technical level, large-scale production capacity, reliable product quality and excellent management ability. The product orders in the reporting period were better than expected, Enhance the profitability of the company; Driven by the market demand, the company paid close attention to the implementation of investment projects and quickly formed large-scale production capacity. The new production line improved the production capacity and effectively met the needs of customers; At the same time, give full play to the company’s technical advantages and high-quality customer resources in the field of medium and large-scale touch display. The subsidiary Chongqing taiguan and taiguan technology form an upstream and downstream industrial chain cooperation, share technology, experience and downstream customer resources, complement each other, and form a full-product production mode of cover glass, touch screen, display module and touch display integrated module, The ability to provide customers with one-stop service has been greatly improved, which has effectively improved the company’s overall competitiveness and sustainable development ability.
(2) Power transmission business
During the reporting period, the company’s power transmission business mainly focused on the R & D, design, manufacturing and sales of power transmission assemblies, transmission parts and casting products. The leading products include transmission assembly, new energy reducer and new energy transmission system parts, automobile engine balance shaft assembly and gear shaft parts, textile machinery transmission assembly, automobile engine cylinder The steering gear housing and other related products, including the main parts required for the assembly of automobile transmission assembly and new energy reducer, gear, shaft, synchronizer and housing, are independently developed and produced by the company. The leading products cover three categories: passenger cars, commercial vehicles and new energy vehicles. The company’s products have expanded from automobile transmission assembly and parts series to new energy reducer and system parts, automobile engine balance shaft assembly and parts, and engineering machinery products, and from passenger vehicles to new energy vehicles and commercial vehicles, Further consolidated the company’s industry position and the company’s competitive advantage of sustainable development in the field of power transmission business. After years of deep cultivation, the company has a high-quality customer base at home and abroad. The company is a supplier of power transmission components for many well-known enterprises at home and abroad, such as Saic Motor Corporation Limited(600104) , FAW Group, Toyota Motor, Geely motor, Great Wall Motor Company Limited(601633) , BAIC Foton, Sinotruk Jinan Truck Co.Ltd(000951) , Chongqing Sokon Industry Group Stock Co.Ltd(601127) , SEPA motor, Byd Company Limited(002594) , Nanjing Bangqi, Kunming Yunnei Power Co.Ltd(000903) , forming a business pattern of synchronous development of domestic and foreign sales. During the reporting period, with the gradual mitigation of the impact caused by covid-19 epidemic at the beginning of the year, the automobile industry as a whole was in a state of gradual recovery. As a supporting supplier of automotive power transmission parts, the company closely follows the industrial development trend, actively responds to industrial upgrading and technological change, continues to increase R & D investment, continuously improve the leading edge of technology, and continuously promote product transformation and upgrading. In addition to continuously consolidating the existing power transmission assembly and parts market, the company actively develops automotive engine balance shaft assembly and parts Expand the market scale and enhance the market competitiveness of commercial vehicle gear shaft parts, new energy reducer and new energy system parts; At the same time, the company launched the key customer service strategy, and the customers gradually transformed from serving Chinese independent brands to cooperating with Chinese first-line independent brands, sole proprietorships, joint ventures and other customers representing the direction and guidance of product development, which improved the company’s sustainable development and comprehensive market competitiveness.
3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
2020-2019 year-on-year increase or decrease in 2018
Operating income 2409453894.91 1136464220.19 112.01% 867220786.11
Net profit attributable to shareholders of listed companies 5193570.31 – 149939896.38 103.46% 2764483.31
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of -29992227.08 -178956693.36 83.24% – 14823178.39
Net cash flow from operating activities 71397632.00 79158076.26 – 9.80% 294040971.68
Basic earnings per share (yuan / share) 0.01 -0.33 103.03%
Diluted earnings per share (yuan / share) 0.01 -0.33 103.03%
Weighted average return on net assets 0.31% – 10.88% – 11.19% – 0.22%
At the end of 2020 and 2019, the year-end is increased or decreased compared with the end of the previous year, and at the end of 2018
Total assets 3943072478.62 3481807566.49 13.25% 2501390518.03
Net assets attributable to shareholders of listed companies 1828544444.81 1519981153.88 20.30% 1237647180.82
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 276414978.78 568458889.06 832362899.03 732217128.04
Net profit attributable to shareholders of the listed company -19513372.21 21386799.98 27746772.84 -24426630.29
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of -27371950.95 11723973.59 20003451.90 – 34347701.61
Net cash flow from operating activities 76448930.42 -103280424.72 19555326.49 78673799.81
Is there any significant difference between the above financial indicators or their total amount and the financial indicators related to the quarterly report and semi annual report disclosed by the company
□ yes √ No 4. Share capital and shareholders (1) number of ordinary shareholders and preferred shareholders with voting rights restored and shareholding of the top 10 shareholders
Unit: shares
The disclosure date of the annual report is before the disclosure date of the annual report of voting rights at the end of the reporting period
At the end of the reporting period, the voting rights of preferred shares restored by common 27343 at the end of the month before common 369 were restored
Total number of preferred shareholders with 0 shares
Total number of shareholders
number
Shareholding of top 10 shareholders
Name of shareholder
