Securities code: Hengdian Group Dmegc Magnetics Co.Ltd(002056) securities abbreviation: Hengdian Group Dmegc Magnetics Co.Ltd(002056) Announcement No.: 2022012 Hengdian Group Dmegc Magnetics Co.Ltd(002056) 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. All directors have attended the meeting of the board of directors to consider this report. Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of common shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable whether to convert accumulation fund into share capital □ yes √ no
The company’s profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 1626712074 as the base, distribute cash dividends of 2.40 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 shares (including tax), and do not use the accumulation fund to increase the share capital. 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 Hengdian Group Dmegc Magnetics Co.Ltd(002056) stock code Hengdian Group Dmegc Magnetics Co.Ltd(002056)
Shenzhen Stock Exchange
Stock abbreviation before change (if any) none
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Wu Xueping, Xu Qian
Office address: No. 233, Huaxia Avenue, Hengdian, Dongyang City, Zhejiang Province
Fax: 057986555328
Tel: 057986551999
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
The company is mainly engaged in the R & D, production and sales of products related to the two industrial clusters of magnetic materials + devices and photovoltaic + lithium battery, as well as the service of providing one-stop technical solutions.
(1) Main products and uses
Magnetic material products mainly include pre fired materials, permanent magnets, soft magnets, plastic magnets, etc. device products mainly include vibration devices, inductors, circulators / isolators, etc. Magnetic material + device products are mainly used in home appliances, automobiles, photovoltaic, consumer electronics, 5g base stations, big data centers, charging piles, intelligent terminals, industrial Internet and other fields.
Photovoltaic products mainly include batteries and modules, which are mainly used in the construction of ground power stations and distributed power stations; Lithium battery products mainly include ternary cylindrical lithium battery and small power pack system, which are mainly used in electric two wheeled vehicles, electric tools, portable energy storage, intelligent small household appliances and other fields. (2) Business model
The company has an independent R & D, procurement, production and sales system, mainly through the production and sales of magnetic materials + devices, photovoltaic + lithium battery and other related products to achieve profitability. In terms of R & D, the company focuses on independent R & D, and has established a mode of combining R & D at the division level with customer demand as the core, Research Institute’s forward-looking new industry and high-end product R & D; In terms of procurement, the company strictly controls procurement by promoting standardization, standardization of bidding process and systematization of supplier evaluation, so as to ensure the reliability and cost competitiveness of raw materials or equipment; In terms of production, the company mainly arranges production in the way of “determining production by sales”; In terms of sales, the company mainly provides customers with corresponding products and after-sales services according to customers’ purchase contracts and order requirements.
(3) Performance drivers
During the reporting period, the company achieved an operating revenue of 12.607 billion yuan, an increase of 55.54% over the same period of last year, and the net profit attributable to shareholders of listed companies was 1.12 billion yuan, an increase of 10.54% over the same period of last year. The main reason is that through continuous market development and the production of advanced projects such as photovoltaic and lithium battery, the operating revenue of the company’s new energy sector has achieved rapid growth. The photovoltaic industry of the company mainly focuses on the manufacturing of batteries and modules in the middle and lower reaches. The material cost accounts for a high proportion of revenue and the gross profit margin of the industry is relatively low. Through the implementation of differentiated operation, appropriate material reserves, internal potential tapping, cost reduction and efficiency improvement and other measures, the company has better overcome the difficulties such as the rise in the price of raw materials, the sharp rise in ocean logistics costs and the appreciation of RMB, so that the company’s operating revenue and the net profit attributable to the shareholders of the listed company have achieved good growth.
(4) Industry development stage
The development stage of the magnetic material industry is a period of steady development. However, with the increasing demand for magnetic materials and devices in new infrastructure fields such as new energy vehicles, photovoltaic, data center and industrial Internet, the magnetic material industry will open up new growth space.
In the device industry, the development stage of vibration devices and inductors belongs to a period of steady development. Although vibrator parts are relatively saturated in mobile phone applications, there is a large growth space in non mobile phone applications, such as automotive tactile feedback, intelligent wear, health care and other markets. Inductors have broad application prospects in the fields of automotive electronics, communications, computers, consumer electronics, small household appliances and so on.
The development stage of photovoltaic industry belongs to the growth stage. With the globalization of carbon neutralization, the proportion of photovoltaic and other renewable energy power generation in the power consumption of the whole society will increase year by year. Based on this, the scale of photovoltaic industry continues to expand, and technology upgrading and iteration continue to accelerate, driving the better growth of photovoltaic industry.
The development stage of ternary cylindrical lithium battery industry belongs to a growth period. With the acceleration of lithium electrification penetration of electric two wheeled vehicles, the acceleration of substitution of domestic electric tool lithium batteries for imports, the outbreak of portable energy storage markets such as outdoor and emergency standby power supply, and the rise of smart small household appliances applications such as sweeping Siasun Robot&Automation Co.Ltd(300024) and so on, its growth space is obvious.
(5) Industry status
As of December 31, 2021, the company’s magnetic material industry has an annual production capacity of 200000 tons of ferrite pre burned materials, 160000 tons of permanent ferrite, 40000 tons of soft ferrite and 20000 tons of plastic magnet. It is the largest manufacturer of ferrite magnetic materials in China; The device industry has an annual production capacity of 400 million vibration motors; The new energy industry has an internal capacity of 8GW batteries, 3.5gW components and 2.5gwh lithium batteries per year.
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
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 13177370995361024012038403 28.68% 849950062174
Net assets attributable to shareholders of listed companies 672993194629601204960011 94% 5,319508,544.19
20212020 year-on-year increase or decrease 2019
Operating income 1260741041109810578799391 55.54% 6563822595
Net profit attributable to shareholders of listed companies 112044428434101356994496 10.54% 69106437731
Deduction attributable to shareholders of listed companies is not subject to 903 Huaneng Power International Inc(600011) 98 911217,153. 33 – 0.84% net profit of 58808734286 recurring profit and loss
Net cash flow from operating activities 128545421673119739250062 7.35% 74294583299
Basic earnings per share (yuan / share) 0.6888 0.623110.54% 0.4248
Diluted earnings per share (yuan / share) 0.6888 0.623110.54% 0.4248
Weighted average return on assets: 0.94% – 17.02%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 255787076913313337260772331640907297359975796127
Net profit attributable to shareholders of listed company 25836706523287835107983392110014423503110969
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 22532488741253193528852799499057414513168998
Net cash flow from operating activities 32427286165262438155524994929617519925023781
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
The disclosure date of the annual report is before the disclosure date of the annual report of voting rights at the end of the reporting period
At the end of the reporting period, 0 preferred shares recovered from common 113203 at the end of the month before common 111639. At the end of the month, the voting rights recovered from 0 total number of shareholders. Total number of shareholders: total number of preferred shareholders
number
Shareholding of top 10 shareholders
Shareholder name shareholder nature shareholding proportion shareholding number number of shares holding limited sale article pledge, mark or freeze number of shares status
Hengdian Group Holding Co., Ltd. domestic non-state-owned legal person 50.59% 82300000 pledge 2100000
