Securities code: Zhejiang Windey Co.Ltd(300772) securities abbreviation: Zhejiang Windey Co.Ltd(300772) Announcement No.: 2022013 Zhejiang Windey Co.Ltd(300772) 2021 annual report summary
1、 Important note: the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. In addition to attending the annual report meeting in person, the following directors attended the meeting:
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
The audit opinion of Tianjian Certified Public Accountants (special general partnership) on the company’s financial report this year is: standard unqualified opinion. Changes of accounting firm during the reporting period: the accounting firm of the company changed from to Tianjian accounting firm (special general partnership) this year. Tips on non-standard audit opinions □ applicable √ not applicable the company was not profitable at the time of listing and is not profitable at present □ applicable √ not applicable to the profit distribution plan of common stock or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable
The company’s profit distribution plan for ordinary shares reviewed and approved by the board of directors is: taking 338990171 as the base, distribute cash dividends of 2.50 yuan (including tax) to all shareholders for every 10 shares, send 0 bonus shares (including tax), and increase 6 shares for every 10 shares to all shareholders with capital reserve.
Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Zhejiang Windey Co.Ltd(300772) stock code Zhejiang Windey Co.Ltd(300772)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Yang Fan, Ma Shuai
Office address: 18F, block a, West Lake International Science and technology building, Hangzhou, Zhejiang Province 18F, block a, West Lake International Science and technology building, Hangzhou, Zhejiang Province
Fax: 057187397667
Tel: 057187392388
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
The company’s main business is the R & D, production and sales of large-scale wind turbines and the investment and operation of new energy power stations. At present, the company mainly provides overall wind power solutions covering the whole life cycle of wind power projects, and actively cultivates intelligent service business. (I) main products and uses
The company’s products are mainly onshore 2 XMW、3. XMW、4. XMW、5. Xmw and 6 Xmw series wind turbines and 7mw and 9mw series offshore wind turbines. In addition to continuously improving the monomer capacity, the company’s products also carry out differentiated design according to different geographical and climatic conditions. The products of the same model have formed a series of wind turbines suitable for different natural environments such as high temperature, low temperature, high altitude, low wind speed, coastal typhoon and so on. (II) business model
1. Business model of wind turbine development and sales
The company’s main business model is the general assembly of the whole machine and the specialized cooperation of parts, that is, the company is responsible for the R & D, design and general assembly of the whole machine of onshore and offshore wind turbines. The supporting parts are produced by the supplier according to the technical standards provided by the company, and the company carries out quality monitoring.
In recent years, with the improvement of customer requirements, the company’s business model has gradually changed to provide “overall solutions” for wind turbine products, wind power technical services and product transformation and upgrading, that is, the company is engaged in the early resource evaluation of wind farm, the selection and economic design of wind farm units, the research and production of wind turbine units, as well as the operation, maintenance and technical transformation and upgrading of wind farm.
2. Investment and operation business model of new energy power station
The investment and operation business of the company’s new energy power station is a natural extension of wind turbine research and sales business, including early resource development, new energy power station construction and operation. The company actively arranges this business and invests, develops and operates wind farms by itself or in joint venture with others. After the project construction is completed, the company can obtain the power generation income of wind farms through holding and operation, or obtain the transfer income through external transfer at an appropriate time.
3. Smart service business model
Smart service business is the key business segment of the company’s long-term development. Its business scope includes technical service, regular inspection and maintenance, spare parts sales, smart service platform, etc. With the rapid increase of wind power installed capacity during the 13th Five Year Plan period, the scale of the post wind power market will enter a stage of rapid growth. With the great development under the opportunity of “carbon neutralization and carbon peak”, and the further increase of the demand for wind turbine quality and efficiency improvement in the parity period, the smart service business will become a new performance growth point of the company. (III) main performance drivers
1. Policies continue to promote the development of the industry
In 2020, the state issued a number of policies, such as several opinions on promoting the healthy development of non-aqueous renewable energy power generation and the notice on publishing the affordable online projects of wind power and photovoltaic power generation in 2020, so as to orderly promote the de subsidy process of the wind power industry, ensure the consumption of wind power and the scientific management of wind power project construction, and continue to promote the transformation of energy structure. In addition, Xi Jinping president clearly put forward the goal of “2030 carbon peak and 2060 carbon neutral” at the 75th UN General Assembly, which strengthened the confidence in the development of the wind power industry and has broad prospects for the development of the industry.
2. Technological progress promotes the continuous improvement of wind power market competitiveness
The continuous progress of wind power technology has brought about the improvement of unit power generation efficiency and the reduction of unit cost and maintenance cost. In the past five years, the rapid development of larger impeller and higher tower models has greatly reduced the hourly power cost of wind power by more than 30%. At present, the cost of wind power generation in China is equivalent to that of coal power. With the reduction of the cost of wind power per kilowatt hour and the enhancement of the competitiveness of wind power, the development mode of wind power will change from subsidy driven to cost driven, and the comprehensive competitiveness of wind power in the power market will continue to improve.
3. The company’s market position has been continuously improved
Adhering to the business philosophy of integrity, innovation, cooperation and win-win, the company continues to provide products and services that meet the differentiated demands of customers according to the market demand. At the same time, thanks to the excellent quality and performance of products, the company has been highly praised by customers, partners and suppliers. At the same time, it has established a good brand image and market reputation in the industry, The company’s customer structure continues to diversify and the industry recognition continues to improve.
4. Rapid expansion of overseas markets at sea
With the maturity and large-scale application of the whole wind power industry chain, the popularization and technological progress of large-scale wind turbines continue to promote the cost reduction and efficiency increase of offshore wind power projects, and the offshore wind power market has broad development prospects. At the same time, China’s onshore wind power is at the world-class level in terms of technical level and supply chain support ability. The cost side advantage is becoming more and more obvious, the international competitiveness is very strong, and it will have broad prospects in the international market. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 24714164126341 China Oilfield Services Limited(601808) 240937 54.29% 1156287863621
Net assets attributable to shareholders of listed companies 2722242061248178172790003 52.80% 151688152658
20212020 year-on-year increase or decrease 2019
Operating income 16040656114821147785998736 39.75% 501026078705
Net profit attributable to shareholders of listed companies 4898310649017 Yealink Network Technology Co.Ltd(300628) 851 183.13% 10657562436
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 4799603403113654604239 251.50% 7392774019
Net cash flow from operating activities 229792414777 -78808475909 391.58% 143588546530
Basic earnings per share (yuan / share) 1.59 0.59 169.49% 0.4
Diluted earnings per share (yuan / share) 1.37 0.58 136.21% 0.4
Weighted average return on net assets 22.35%, 10.97%, 11.38% and 8.09%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 201701413016299129384512376751600317726483213637
Net profit attributable to shareholders of listed company 434329869384142692961296439234023261146161
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 375550557584966473621281861455222925266542
Net cash flow from operating activities -75593973476 -26020691356149871912944181535166665
Whether the above financial indicators or their total amount are significantly different from the financial indicators related to the quarterly report and semi annual report disclosed by the company □ yes √ No 4. Share capital and shareholders (1) number of ordinary shareholders and preferred shareholders with voting rights restored and shareholding of the top 10 shareholders
Unit: shares
At the end of the reporting period, the ordinary annual report disclosed that the voting at the end of the reporting period held a special vote
Total number of shareholders of shares at the end of the month before 2645625217 shareholders of preferred shares restored 0 ordinary shareholders total number of shareholders of shares (if any)
