Securities code: Innuovo Technology Co.Ltd(000795) securities abbreviation: Innuovo Technology Co.Ltd(000795) Announcement No.: 2022010 Innuovo Technology Co.Ltd(000795) summary of 2021 Annual Report
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 the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
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
Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares 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 plans not to distribute cash dividends, bonus shares or convert accumulation fund into 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 Innuovo Technology Co.Ltd(000795) Stock Code: Innuovo Technology Co.Ltd(000795)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Qian Yinghong, Wu Meijian
Office address: Gongye Avenue, Hengdian Town, Dongyang City, Jinhua City, Zhejiang Province
196 Building 1 196 Building 1
Fax: 057988888080
Tel: 057988888668
E-mail ylh Innuovo Technology Co.Ltd(000795) @innuovo.com. ylh Innuovo Technology Co.Ltd(000795) @innuovo.com.
2. Introduction to main business or products during the reporting period
(I) main business
The company is a diversified high-tech enterprise integrating R & D, production and sales of Nd-Fe-B permanent magnet materials and motor series products. The company specializes in the production of sintered and bonded Nd-Fe-B permanent magnet materials and magnetic components. The products are widely used in wind power generation, energy-saving motors, intelligent household appliances, speakers, new energy vehicles and auto parts, intelligent consumer electronics, industry Siasun Robot&Automation Co.Ltd(300024) , electric tools, instruments and other fields. The company's motor series products mainly include micro and special motors such as AC, permanent magnet DC, brushless, stepping and servo motors, electric push rod actuators, parallel shafts, worm gears, planetary gear reducers, motor drives, scooters and other professional controllers. The products are widely used in smart homes, healthy travel, security systems, garden machinery, Cecep Solar Energy Co.Ltd(000591) tracking systems Industrial logistics and other fields. At the same time, the company extends downstream applications and currently involves the production and sales of rehabilitation equipment products such as electric wheelchairs, elderly scooters and nursing beds.
(II) industry situation
1. Rare earth permanent magnet material
Rare earth is an important national strategic resource. With the rapid development of China's economy, rare earth has changed from the traditional "industrial vitamin" to the key material of Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) revolution. The rise of Intelligent Manufacturing in the post industrial era has brought broad development space and great development opportunities to the rare earth industry. Especially at the national strategic level of dual carbon and dual control of energy, rare earth, as an important carrier carrying new energy, green environmental protection and efficient development, will usher in new and greater development, and its "green attribute" will play a more obvious role.
As the largest application field in the field of rare earth, rare earth magnetic materials have a good development momentum and broad market prospects. They not only bring great benefits to the development of rare earth industry, but also effectively promote the rapid development of other industries. According to the official data of China's Ministry of industry and information technology, the output of main rare earth functional materials maintained a steady growth in 2021. In terms of rare earth magnetic materials, the output of sintered Nd-Fe-B blank was 207100 tons, a year-on-year increase of 16%; The output of bonded NdFeB was 9380 tons, with a year-on-year increase of 27.2%. On January 27, 2022, the Ministry of industry and information technology issued the first batch of total control indicators for rare earth mining, smelting and separation in 2022, which were 108000 tons and 97200 tons respectively, with a year-on-year increase of 20%. According to frost Sullivan's prediction, the output of rare earth permanent magnet materials in China and the world will reach 284000 tons and 310000 tons respectively in 2025. It is expected that the increase of global high-performance NdFeB supply may be mainly concentrated in China in the future. Under the background of "carbon neutralization", the trend of electrification is clear, the demand for high-performance NdFeB is expected to maintain a medium and long-term high business cycle, and the downstream demand is growing rapidly; At the same time, high-performance NdFeB permanent magnet materials, as national key new materials and high-tech products, have always been strongly supported by relevant national industrial policies.
2. Electric control of motor
Micro and special motors are essential basic electromechanical components for industrial automation, office automation, home automation and high-end equipment automation. Under the background of China's construction of a new development pattern of "double circulation", the exploration of the green perspective of the whole industrial chain forced the green transformation of relevant manufacturing production, circulation and other links. 5g, Internet of things, artificial intelligence and other new technologies promote the development of intelligent society and usher in historic opportunities for intelligent control equipment. With the improvement of enterprise technology and the continuous absorption of foreign advanced technology, as the most widely used electrical equipment, the motor industry will also develop towards higher goals such as high efficiency, high reliability, lightweight, miniaturization and intelligence in the future. There is great room for development in new energy, rail transit, Siasun Robot&Automation Co.Ltd(300024) , high-end equipment and other fields.
In October 2021, the Ministry of industry and information technology and the State Administration of market supervision jointly issued the motor energy efficiency improvement plan (20212023). The plan proposes that by 2023, the annual output of high-efficiency and energy-saving motors will reach 170 million KW, the proportion of in-service high-efficiency and energy-saving motors will reach more than 20%, and the annual power saving will be 49 billion kwh, which is equivalent to saving 15 million tons of standard coal and reducing 28 million tons of carbon dioxide.
Promote the application of a number of key core materials, components and technological equipment, form a number of backbone advantageous manufacturing enterprises, and promote the high-quality development of the motor industry.
(III) industry status
The company is one of the first enterprises to produce NdFeB permanent magnet materials in China. At the same time, it has the ability to develop and produce high-performance NdFeB permanent magnet products with sintering and bonding processes. At present, it is the leading production base of rare earth permanent magnet materials in China. After decades of development, the company has a mature material production, processing and manufacturing, surface treatment and other complete production lines, and has established good cooperative relations with head customers in many fields. The subsidiary Innuovo Technology Co.Ltd(000795) magnetic industry is a high-tech enterprise. It has won the titles of "Provincial Digital Factory" and "provincial green factory". It has a provincial postdoctoral workstation and was selected into the list of "specialized and special new" small and medium-sized enterprises in Zhejiang Province in 2021, which has a high brand awareness in the industry. The subsidiary Ganzhou dongci is a high-tech enterprise and the main supplier of core application materials in the fields of China Shanxi Guoxin Energy Corporation Limited(600617) and energy conservation and environmental protection. Its advanced technology and efficient management make it have strong competitive advantages and have established long-term and stable cooperative relations with many well-known enterprises at home and abroad.
Lianyi motor, a subsidiary of the company, has a long history and has high popularity and brand influence in the industry. It has established good cooperative relations with leading customers in many subdivided industries. Its main customers are in more than 40 countries in North America, Europe, Southeast Asia and other regions. Among its customers, the company has more than 10 global industry leaders. Lianyi motor is a national key high-tech enterprise, a national civilized unit, a national intellectual property demonstration unit, a national innovative pilot enterprise, a national information demonstration enterprise and an enterprise awarded by the Zhejiang provincial government quality award. It has a national motor technology center, a national postdoctoral scientific research station and an academician expert workstation; More than 30 projects have been implemented, including the national intelligent manufacturing project, the national green manufacturing project, the national strong foundation project and the National 863 project. In 2021, Lianyi motor was rated as a national specialized new "little giant".
The company's subsidiary Innuovo Technology Co.Ltd(000795) rehab is a national high-tech enterprise, Jinhua Industrial Design Center and Jinhua high-tech enterprise R & D center. It has won the honorary titles of Jinhua patent demonstration enterprise, Jinhua key e-commerce brand, Jinhua people's Government Golden Leopard award and so on. 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 447774658028394617337787 13.47% 347769432134
Net assets attributable to shareholders of listed companies 24755283289223401177642 5.79% 229866121239
20212020 year-on-year increase or decrease 2019
Operating income 3760091573802 Bank Of Shanghai Co.Ltd(601229) 24510 44.55% 250282993709
Net profit attributable to shareholders of listed company 1354265525010211820264 32.62% 14253875449
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 10287724035, 6765013340, 52.07% and 12236252635
Net cash flow from operating activities -1296501981014 Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) 037 -192.59% 26542640272
Basic earnings per share (yuan / share) 0.119 0.090 32.22% 0.126
Diluted earnings per share (yuan / share) 0.119 0.090 32.22% 0.126
Weighted average return on net assets: 5.62%, 4.46%, 1.16%, 6.15%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income: 71882911676 912412,526.23 968569,596.82 1,160280,333.99
Net profit attributable to shareholders of the listed company 3851680938 48,834955. 77 56,423458.66 -8,348671.31
Deduction attributable to shareholders of listed companies is not 3455700536 43,760049. 283817283303 - 1361264732 net profit from recurring profit and loss
Net cash flow from operating activities -32875951 53,340400. 85 -29,039525.73 -121072,313.71
