Jinlei Technology Co.Ltd(300443) the annual performance report of 2021 was released on February 25. In 2021, based on the wind power industry, the company seized the development opportunities of global wind power, strengthened the research and development of new products and technologies while constantly consolidating old customers and developing new customers, and effectively improved the market of wind power spindle and other precision shafts. During the reporting period, the company achieved an operating revenue of 1.651 billion yuan, an increase of 11.80% year-on-year; The net profit attributable to the shareholders of the listed company was 496 million yuan and the basic earnings per share was 1.90 yuan.
Jinlei wind power has long focused on the R & D, production and sales of wind turbine spindles and other large castings and forgings. With excellent product quality and high-quality after-sales service, Jinlei wind power has won the unanimous recognition of customers. The global market share of wind turbine spindles has been increasing. Jinlei wind power is a pioneer in the field of wind turbine spindles in China and a leader in the field of wind turbine spindles in the world.
In 2021, adhering to the business philosophy of “taking the market as the guide, taking win-win as the purpose, taking quality as the foundation and seeking development with reputation”, the company created a rapid response mechanism integrating R & D, procurement, production, testing and sales, and established a strong technical guarantee system and perfect product testing system. Through strong technical strength and stable product quality Fast delivery ability, high-quality after-sales service and other customer perception factors have established a unique “Jinlei characteristic” product image and brand awareness in the industry. The company has made great efforts to extend the vertical industrial chain dimension. The 8000 castings and forgings project phase I forging product raw material project has been fully self supplied since the second half of 2020. The company’s diversified development needs have been met, the product quality has been guaranteed, and the economic benefits have been brought into full play. While improving the profitability, it has provided a broad space for new product research and development. At the same time, the self supply of raw materials effectively reduced the proportion of direct materials in the product cost. In addition, the effective utilization of the company’s self-produced leftovers greatly reduced the proportion of the company’s purchased raw materials in the cost. Under the background of the sharp rise in the price of raw materials in 2021, it hedged the risk of price rise of some raw materials. The capacity release and small batch supply of orders of the casting product pouring project of phase II of 8000 castings and forgings project have prompted the company to form a whole process supply chain of casting spindle, creating a good opportunity for the production capacity of the “digital manufacturing project of offshore wind power core components” of Dongying subsidiary.
The company’s leading products are 1.5MW to 8mW wind turbine spindles. As one of the world’s largest and most professional manufacturers of wind turbine spindles, the company has cooperated with Vestas, Siemens COMESA, Ge, Endean Xinneng, vision energy, Zhejiang Windey Co.Ltd(300772) , Shanghai Electric Group Company Limited(601727) , haizhuang wind power, Dongfang Electric Corporation Limited(600875) , Guodian united power CRRC Shandong and other global high-end wind turbine manufacturers have established good strategic cooperative relations. During the reporting period, the company continued to improve the global leading position of wind power forging spindle and realized the whole process and small batch supply of casting spindle. The sales volume of wind power spindle business was 147000 tons, an increase of 17.74% over the same period of last year, and the sales revenue was 1.508 billion yuan, a year-on-year increase of 9.05%. While consolidating the wind turbine spindle business, the company focuses on the development of free forging business. At present, it has covered cement mining, energy power generation, metallurgy, shipbuilding and other industries. Ge hydro delivered its products in the first phase of the process. During the reporting period, the sales volume of the company’s free forging business was 9682.04 tons, an increase of 62.78% over the same period of the previous year, laying a foundation for the phased and smooth production of the “offshore wind turbine spindle and other precision transmission shaft construction project”.
The company said that in 2022, based on the strategic objectives of the enterprise, the company will seize the opportunities, respond to the situation, continue to seek synergy and complementarity in new industries and fields, accurately grasp customers from top to bottom, increase customer stickiness and cooperation depth, and continuously optimize the industrial structure of the company through three dimensions: goal decomposition, market research and key customer development, Accelerate the construction progress of new projects, help enterprises develop with high quality, promote energy conservation, emission reduction and low-carbon development with the strength of science and technology and manufacturing hard core, help achieve global green supply, and promote the implementation of the national carbon peak and carbon neutralization goals.
