On February 24, the global intelligent manufacturing leader of China’s process industry Zhejiang Supcon Technology Co.Ltd(688777) released the 2021 annual performance express. The performance of Zhejiang Supcon Technology Co.Ltd(688777) maintained rapid growth, exceeding market expectations.
Zhejiang Supcon Technology Co.Ltd(688777) in this regard, it is pointed out that the rapid growth of performance in the reporting period is due to the continuous expansion of market share of the company’s advantageous products, industrial automation control system products, and the high growth of orders; On the other hand, it is also due to the rapid growth of the company’s key industrial software and intelligent manufacturing overall solution business, which drives the substantial growth of revenue.
market position has been continuously consolidated
The performance express shows that during the reporting period of 2021, Zhejiang Supcon Technology Co.Ltd(688777) achieved an operating revenue of 4.519 billion yuan, a year-on-year increase of 43.08%, a net profit attributable to the parent company of 578 million yuan, a year-on-year increase of 36.54%, and a net profit attributable to the parent company of 452 million yuan, a year-on-year increase of 39.10%. The total assets reached 10.248 billion yuan, a year-on-year increase of 24.68%, and the basic earnings per share reached 1.17 yuan, a year-on-year increase of 23.16%.
In a single quarter, in the fourth quarter of 2021, Zhejiang Supcon Technology Co.Ltd(688777) achieved a revenue of 1.597 billion yuan, a year-on-year increase of 46.54% and a month on month increase of 46.58%, and realized a net profit of 216 million yuan, a year-on-year increase of 54.50% and a month on month increase of 172.35%. This is also the fifth quarter since the listing of Zhejiang Supcon Technology Co.Ltd(688777) to maintain high-speed positive growth in revenue and net profit.
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 service mode of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) of 5S automated housekeeper and S2B platform. At the same time, it broke through multiple leading large customers, and further consolidated and improved its position in the Chinese market.
complementary business and perfect strategic layout
In recent years, Zhejiang Supcon Technology Co.Ltd(688777) has continued to strengthen 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.
In addition to constantly cultivating internal skills, Zhejiang Supcon Technology Co.Ltd(688777) is also actively seizing opportunities for foreign mergers and acquisitions, constantly deepening the company’s moat and strengthening the company’s core competitiveness. At the same time of issuing the performance express, Zhejiang Supcon Technology Co.Ltd(688777) issued the announcement of cash acquisition of petrochemical Yingke, which plans to acquire 22% equity of petrochemical Yingke Information Technology Co., Ltd. (hereinafter referred to as “Petrochemical Yingke”) with cash of RMB 561 million.
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 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. For 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, and can also cooperate with each other externally, integrate into each other’s supply chain system, and form an overall solution of intelligent factory with the most complete 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 rapid and deep digital transformation.
According to the research of Shenwan Hongyuan Group Co.Ltd(000166) , Zhejiang Supcon Technology Co.Ltd(688777) as the scarce target of Intelligent Manufacturing in process industry, is continuing to innovate in the right direction of “5T + 5S”, creating a lot of value for customers, and has strong certainty of medium and high growth in long-term performance. In addition, the company’s “dynamic moat”, that is, the ability of continuous innovation and continuous value creation. For the company, the overall solution of intelligent manufacturing is the second growth curve. Around the “5T + 5S” strategic layout, there is a wide space for expandable products and services, and the long-term value that can be created is also increasing.
