On the evening of February 11, Ningbo Joyson Electronic Corp(600699) issued a reply announcement on the inquiry letter of Shanghai Stock Exchange on matters related to the company's 2021 annual performance forecast. Affected by the global shortage of chips and the rise of raw material prices and transportation costs, Ningbo Joyson Electronic Corp(600699) performance has declined. In order to solve the above problems, the company actively takes various measures to slow down and reduce the impact of external factors, and improves performance in terms of stabilizing supply, controlling expenditure, improving efficiency and switching costs.
Strengthen the communication between production and customers {123567}
In view of the problems such as customer order fluctuation and factory closure without warning caused by chip shortage, on the one hand, the company strengthened real-time communication with customers and global factory tracking and warning, improved the accuracy of order prediction, strictly controlled the production plan of each factory, improved the matching degree between production plan and order, and realized the balance of production and sales on the premise of fully coordinating production capacity; On the other hand, the company strictly controls the procurement scale and progress and the total inventory. By the end of 2021, the rising trend of global inventory has been effectively curbed. Except that China needs to prepare enough inventory due to the launch of sap, the inventory of other regions has returned to a basically reasonable level, and the inventory of factories in Japan, Europe and other regions is at the best level in history. In the future, the company will further improve the matching degree between production and inventory management and orders through the linkage and cooperation of various departments such as sales, procurement, production and logistics, so as to realize cost control on the premise of ensuring supply. In addition, the company is actively negotiating with customers around the world to improve performance and cash flow in the form of product price increase, annual reduction cancellation, expense compensation and account period support. At present, the company has reached a compensation action plan with some customers, and it is expected to reach an agreement with more customers and realize recycling in 2022.
strengthen supplier management and improve the toughness of supply chain management
On the supply side, the company implements hierarchical management of suppliers, improves suppliers' risk control ability, and actively predicts and prevents potential supply chain accidents. For high-risk suppliers, take stock preparation, increase alternative suppliers and other ways to resolve short-term risks; The company is actively negotiating with suppliers for claims for supply interruption and other accidents caused by suppliers. In addition, the company will also strengthen the mutual cooperation among its subsidiaries, give full play to the advantages of automotive electronics business entities in the electronic field and automotive safety business entities in metal parts, and conduct collaborative procurement to control procurement costs and reduce supply chain interruption and other related risks.
improve internal management efficiency and strictly control costs and expenses
Facing the uncertainty brought by many factors such as market and policy environment in recent years, the company actively improves its internal management. In terms of production, the company reduces material waste by improving production efficiency and production quality, such as improving the one-time pass rate of product production, vigorously promotes platform product design, uses scale effect to reduce costs, and seizes the opportunity to reduce costs; In terms of logistics, the company optimizes the packaging design, improves the utilization rate of containers, increases the loading rate, and improves the efficiency of logistics transportation; In terms of procurement, the company optimizes the internal procurement system and process, tightens the procurement audit, strictly selects non productive suppliers, and strictly controls unnecessary expenses while ensuring the quality of raw materials. In addition, the company's automobile safety business has significantly reduced or delayed capital expenditure since 2021, optimized the capital expenditure structure, and effectively alleviated the pressure of cash flow.
strengthen personnel and management structure optimization
In terms of personnel management, the company has successively adjusted the management and board member structure of the automotive safety division during 2021, with performance driven as the core orientation, reappointed senior people in the industry as the Global CEO, European CEO and North American CEO of Junsheng safety, and continued to invest in automation through reorganization and downsizing Production line balance (management improvement) and other ways to promote global employee planning. The number of employees in the company's automobile safety division decreased by about 8500 compared with the end of 2020. On this basis, the company actively transfers its production from high-cost countries / regions such as Germany, the United States, Italy and Japan to low-cost countries / regions such as Romania, Hungary, Mexico and Southeast Asia and China, and will launch a global R & D center in Shanghai, China in February 2022. The personnel planning carried out by the company in 2021 will have a positive impact on the performance improvement in 2022. At the same time, reasonable personnel adjustment will still be considered in the future to continuously realize management optimization and improve the per capita output level.
In addition, the company actively carries out the construction of internal lecturers and internal expert team, reduces unnecessary external consulting and service needs, and realizes cost control while training internal experts. On the one hand, the company will actively apply to the relevant national tax departments for shutdown subsidies or improvement measures in 2022. On the other hand, it may also actively offset the losses caused by the suspension of production or improvement of the relevant national tax policies through the adjustment of the suspension of production policies in 2022, Reduce unnecessary losses.
