On March 1, Anhui Xinke New Materials Co.Ltd(600255) released the annual report of 2021. During the reporting period, the company’s main revenue was 3.247 billion yuan, an increase of 45.1% year-on-year; The net profit attributable to the parent company was 588566 million yuan, a year-on-year decrease of 3.8%; Deduct non net profit of 572071 million yuan, an increase of 290.37% year-on-year; In the fourth quarter of 2021, the company’s main revenue in a single quarter was 816 million yuan, a year-on-year increase of 17.53%.
It is reported that the company focuses on the R & D, production and sales of high-performance and high-precision copper alloy strip products. The leading products are high-precision brass, high copper, bronze and white copper bare strip, as well as its reflow tin plating, hot dip tin plating strip, etc; Products replace imports and are widely used in integrated circuits, consumer electronics, new energy vehicles, led, photovoltaic power, new generation information technology, 5g, intelligent terminals and other industries. Among them, automobile connectors and consumer electronics connectors have become the main sales direction of the company’s products.
During the reporting period, the company adhered to the principle of “quality first and brand wins”, so as to improve the management system, deepen standardized operation and promote the brand construction of the company’s products; With high-quality automotive connector bare belt and tinned belt, electronic lead frame bare belt and tinned belt, electronic communication and other separator bare belt and tinned belt and other products to meet the market demand, the enterprise has achieved excellent results. The production and sales of the enterprise are booming, and the core products have reached a record high, boosting the performance by a large margin. At the same time, in 2021, China’s copper processing enterprises are jointly faced with multiple adverse factors such as doubling production costs, increasing capital pressure, anti epidemic shutdown and shutdown. The company actively improves procurement efficiency and reduces procurement costs by building a new supply chain management system.
The company said that in the future, it will focus on research and development in terms of product performance improvement, green manufacturing, industrial upgrading, integrated innovation, digitization and other aspects of copper and copper alloy materials industry in view of the major demand for copper and copper alloy materials in emerging industries and major engineering fields such as Shanxi Guoxin Energy Corporation Limited(600617) automobile, new generation mobile communication, electrician and electronics, rail transit, aerospace and so on, Promote the demonstration, promotion and application of copper and copper alloy materials in key areas of the national economy, and further improve the performance stability and output of high-end copper alloy products. At the same time, we will focus on developing a new generation of high-strength and high conductivity copper alloy materials on the original basis, continue to maintain the high-end market share of the company’s products and improve the profitability of the company’s products. It is expected that after 5-10 years of efforts, a complete green and high-performance manufacturing industrial system of advanced copper alloy materials will be built, and the overall technical level will enter the international advanced ranks.
