On February 24, the global leader of Intelligent Manufacturing in China’s process industry Zhejiang Supcon Technology Co.Ltd(688777) (688777) announced the 2021 annual performance express, and the performance maintained rapid growth. Zhejiang Supcon Technology Co.Ltd(688777) said that on the one hand, thanks to advantageous products, industrial automation control system continued to expand market share and achieved high growth in orders; On the other hand, the overall solution business of industrial software and intelligent manufacturing focused by the company has grown rapidly, driving the substantial growth of revenue.
revenue in 2021 increased by 43% year-on-year
According to the performance express, the operating revenue of Zhejiang Supcon Technology Co.Ltd(688777) is expected to reach 4.519 billion yuan in 2021, with a year-on-year increase of 43.08%; The net profit attributable to the parent company was 578 million yuan, a year-on-year increase of 36.54%; The basic earnings per share reached 1.17 yuan, a year-on-year increase of 23.16%.
It is worth mentioning that in a single quarter, the revenue of Zhejiang Supcon Technology Co.Ltd(688777) in the fourth quarter of 2021 is expected to reach 1.597 billion yuan, with a year-on-year increase of 46.54% and a month on month increase of 46.58%; The net profit attributable to the parent company after non deduction was 216 million yuan, with a year-on-year increase of 54.50% and a month on month increase of 172.35%.
Zhejiang Supcon Technology Co.Ltd(688777) explains the reasons for the rapid growth of performance from two aspects. First of all, in 2021, the digital transformation of China’s process industry was further upgraded. The manufacturing industry’s demand for high-end automated, digital and intelligent manufacturing continued to rise, and the demand of downstream customers was strong. During the reporting period, Zhejiang Supcon Technology Co.Ltd(688777) achieved an increase in the customer coverage of the process industry through the new Wuxi Online Offline Communication Information Technology Co.Ltd(300959) service mode of 5S automated housekeeper and S2B platform. At the same time, it broke through multiple top major customers, further consolidated and improved its market position in China, and achieved a substantial increase in the company’s operating revenue.
Secondly, in 2021, Zhejiang Supcon Technology Co.Ltd(688777) continued to increase R & D investment and further accumulated product and technical advantages. In 2021 Zhejiang Supcon Technology Co.Ltd(688777) launched a series of new generation control system products, a new generation of real-time database, intelligent factory platform software and other industrial software products, which increased the application scenarios of intelligent factories for downstream customers, and further improved the company’s automation, digitization and intelligent technology and product advantages in the industrial field.
acquire the equity of Sinopec Yingke and improve the strategic layout
On February 24, Zhejiang Supcon Technology Co.Ltd(688777) announced the announcement of cash acquisition of the equity of petrochemical Yingke Information Technology Co., Ltd. (hereinafter referred to as “Petrochemical Yingke”), and planned to acquire 22% equity of petrochemical Yingke with cash of 561 million yuan.
The announcement shows that based on industrial software, PCCW has accumulated many years of excellent practical experience in informatization in the energy and chemical industry, focusing on combining software technology and Internet of things technology with traditional industries, covering the whole upstream, midstream and downstream industrial chain, and covering complete, autonomous and controllable informatization solutions and it services at all levels, It has grown into a digital, intelligent and automatic solution and product provider with complete industrial chain in the energy and chemical industry, and can provide customers with high-quality and professional information technology services.
In the first three quarters of 2021, PCCW achieved a revenue of 1.435 billion yuan and a net profit of 156 million yuan. Since 2016, the target company’s operating revenue has been stable, the gross profit margin has shown an increasing trend, the asset scale is stable, and the asset liability has shown a downward trend.
It is understood that for Zhejiang Supcon Technology Co.Ltd(688777) , PCCW has many years of technology accumulation and implementation experience in petroleum, chemical and oil and gas industries, deep cultivation of operation digital technology (ERP) and construction of process mechanism model, and can realize complementary advantages and coordinated development with Zhejiang Supcon Technology Co.Ltd(688777) .
After the completion of this transaction, Zhejiang Supcon Technology Co.Ltd(688777) will cooperate and innovate with the target company in technology and market, or cooperate with each other externally, integrate into each other’s supply chain system, and form an overall solution of intelligent factory with the most comprehensive and competitive business coverage on the market, so as to better cope with the new industrial structure The adjustment of economic structure brings the demand for digital deep transformation.
Zhejiang Supcon Technology Co.Ltd(688777) said that the company is continuously strengthening the strategic layout of “industry 3.0 + industry 4.0” and 5T (process technology Pt + equipment technology et + operation technology ot + automation technology at + information technology it) business, so as to improve the company’s comprehensive competitiveness in the field of digitization and intelligence.
