With the rapid growth of performance, Bichamp Cutting Technology(Hunan) Co.Ltd(002843) consumer electronics business, the leader of sawing industry, has taken a substantive step.
On February 28, the 2021 annual report disclosed by Bichamp Cutting Technology(Hunan) Co.Ltd(002843) showed that the company’s total annual revenue was 527 million yuan, a year-on-year increase of 30.46%; The net profit attributable to the parent company was 69.82 million yuan, a year-on-year increase of 68.03%; The annual earnings per share was 0.34 yuan per share, and the return on net assets reached 13.15%.
Bichamp Cutting Technology(Hunan) Co.Ltd(002843) also disclosed the profit distribution plan, and it is proposed to distribute a cash dividend of 1.5 yuan (including tax) for every 10 shares.
Statistics show that Bichamp Cutting Technology(Hunan) Co.Ltd(002843) is mainly engaged in the R & D, production and sales of sawing products. Its core product bimetallic band saw blade has industry-leading advantages and is the third batch of manufacturing single champion cultivation enterprises recognized by the Ministry of industry and information technology.
For the substantial growth of performance in 2021, Bichamp Cutting Technology(Hunan) Co.Ltd(002843) said that the rapid development of overseas market has brought important increment. On the basis of overcoming the impact of the epidemic, the company’s overseas business made breakthroughs in the promotion of medium and high-end products, the cultivation and development of private brand market and the expansion of new customers. The annual export revenue was 114 million yuan, a year-on-year increase of 90.36%.
In addition, Bichamp Cutting Technology(Hunan) Co.Ltd(002843) high-end products have also made breakthroughs. In 2021, focusing on military industry, aerospace, large forging, new energy and other application scenarios, the company launched three customized high-end product series to help downstream enterprises reduce costs and increase efficiency, which was recognized by the market. At the same time, the company continued to promote the localization of raw materials for high-end products, continuously improve the competitiveness of products and import substitution ability, and achieved good results. During the reporting period, the sales of high-end Taiju HB series products increased by 8.84% year-on-year; The sales of cemented carbide band saw blades increased by 57.88% year-on-year.
At the same time of performance growth, Bichamp Cutting Technology(Hunan) Co.Ltd(002843) ‘s three curve development strategy has achieved remarkable results: the sawing business takes “improving quality, strengthening service and promoting growth” as the goal, and the market at home and abroad continues to expand; The cultivation of consumer electronics business has made steady progress; While industrial investment realizes the value-added of investment, it realizes resource coordination with consumer electronics business, and orderly promotes the strategic upgrading and development of the company in the field of advanced manufacturing.
In terms of the layout of consumer electronics business, in 2021 Bichamp Cutting Technology(Hunan) Co.Ltd(002843) completed the construction of Dongguan R & D base, and steadily promoted team building and market development; Through investment in Jiaxing Hairong industrial fund, it indirectly participated in the well-known consumer electronics component manufacturers Yada Electronics (Luoding) Co., Ltd. and Yada consumer electronics (Shenzhen) Co., Ltd; At the same time, it signed a strategic cooperation agreement with Yada to conduct in-depth cooperation in business collaboration, technology research and development, resource sharing, capital operation and other fields in the field of consumer electronics.
Bichamp Cutting Technology(Hunan) Co.Ltd(002843) said that the follow-up company will expand the development foundation of “direct cultivation + industrial fund investment”, stabilize the basic market, expand new businesses, build new capabilities, allocate various resources for the development and integration of the second main business, and cultivate the consumer electronics business into a new performance growth point.
In terms of industrial investment, Bichamp Cutting Technology(Hunan) Co.Ltd(002843) at present, it has invested in three industrial funds: Jinpu Kechuang, Fengyuan No. 1 and Jiaxing Hairong, which are respectively invested in the fields of semiconductors, precision materials and consumer electronics.
For the future development, Bichamp Cutting Technology(Hunan) Co.Ltd(002843) said that during the “14th five year plan” period, the company will focus on the main axis of advanced manufacturing development and take the three curve development strategy as the core: that is, the first development curve is the sawing business and the “double 50” is the development goal to steadily increase the market share; The second development curve is precision manufacturing consumer electronics business, expanding the company’s development space and cultivating new performance growth points; The third development curve is industrial investment, with the help of the professional strength of investment institutions, in order to improve investment efficiency and investment income, and seek strategic emerging industrial resources for the development of the main industry. The company will consolidate the development foundation of dual main industries through the dual wheel drive of “industry + capital”, realize the upgrading and development in the field of advanced manufacturing, and enter the rising channel of sustainable development.
