On February 25, Beijing Tianyishangjia New Material Corp.Ltd(688033) (688033. SH), a leading enterprise in the manufacturing of rail transit brake pads in China, announced the performance express of 2021. After the impact of covid-19 pneumonia in 2020, the company's performance has hit the bottom and rebounded. In 2021, the total operating revenue was 676 million yuan, with a year-on-year increase of 62.72%; The net profit attributable to the owners of the parent company was 177 million yuan, a year-on-year increase of 54.90%.
For the reason why the company's performance increased significantly year-on-year in 2021, Beijing Tianyishangjia New Material Corp.Ltd(688033) said in the announcement that the company's powder metallurgy brake business for high-speed railway EMUs was stable and maintained good profitability.
On the other hand, taking new materials as the main line, Beijing Tianyishangjia New Material Corp.Ltd(688033) is also committed to developing into a new material innovation platform company. The company built the second growth curve around the application field of carbon matrix composites, injected new impetus into the development of the company, and became the key to the year-on-year increase in performance. The data shows that Beijing Tianyishangjia New Material Corp.Ltd(688033) carbon matrix composites business made great progress in 2021, realized more than 100 million revenue, and driven the significant growth of the company's operating revenue and net profit.
In fact, the layout of Beijing Tianyishangjia New Material Corp.Ltd(688033) new material business was started as early as 2016. In due time, in order to meet the technical requirements of high-speed train braking in the future, the company began to study carbon ceramic brake materials and enter the new downstream market with the help of the reusability of carbon based new materials.
Over the years, Beijing Tianyishangjia New Material Corp.Ltd(688033) has also continued to increase R & D investment in carbon matrix composites, new energy photovoltaic Cecep Solar Energy Co.Ltd(000591) thermal field materials, national defense carbon carbon heat-resistant materials, structural and functional integrated carbon fiber composites and other fields, aiming to expand the product system from a single product in the field of rail transit to a variety of products in the field of mass transit and new energy, Upgrading and transformation from single parts to friction by-product portfolio.
According to the latest information disclosed in the third quarterly report of 2021 by Beijing Tianyishangjia New Material Corp.Ltd(688033) , the company has completed the construction of 2000 ton carbon carbon composite product production line in Beijing Tianyishangjia New Material Corp.Ltd(688033) intelligent transportation Digital Technology Industrial Park, Jiangyou City, Sichuan Province. Recently, Beijing Tianyishangjia New Material Corp.Ltd(688033) also replied to investors' questions on SSE E interaction, saying that all relevant 2000 ton carbon carbon composite production lines have been put into operation.
At the same time, Beijing Tianyishangjia New Material Corp.Ltd(688033) also said at e-interactive that the company's carbon fiber preform production line in Jiangyou Industrial Park is progressing smoothly. As of December 31, 2021, the plant construction of phase I of the project has been completed and the production line of phase I has been put into operation.
Comparing the third quarter report of 2021 with the annual performance express, it can be found that the relevant carbon matrix composite business has brought significant help to the further growth of the company's performance. It is worth mentioning that after the initial carbon matrix composite business has achieved phased results, Beijing Tianyishangjia New Material Corp.Ltd(688033) launched a fixed growth plan of 2.369 billion yuan in 2022 to drive the company's relevant business and performance to achieve greater development.
"Build the second curve of business growth around carbon matrix composites, driving ( Beijing Tianyishangjia New Material Corp.Ltd(688033) ) better than expected performance in the fourth quarter." Galaxy Securities machinery team said that with the gradual release of the demand of the photovoltaic industry, the company's carbon carbon composite products will have broad market prospects. With the mass production and the landing of production capacity, the carbon carbon composite business will bring continuous growth momentum to the company in 2022.
