Securities code: Sichuan Chengfei Integration Technology Corp.Ltd(002190) securities abbreviation: Sichuan Chengfei Integration Technology Corp.Ltd(002190) Announcement No.: 2022003 Sichuan Chengfei Integration Technology Corp.Ltd(002190) 2021 annual report summary I. important tips 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 shall carefully read the full text of the annual report in the media designated by the CSRC. 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 358729343 as the base, distribute cash dividend of 0.50 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 share (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 Sichuan Chengfei Integration Technology Corp.Ltd(002190) stock code Sichuan Chengfei Integration Technology Corp.Ltd(002190)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Cheng Yan, Liu Linfang
Office address: No. 666-1, Section 2, Riyue Avenue, Qingyang District, Chengdu
Fax: 02887455111
Tel: 028874553336021 028874553336048
E-mail stock@cac -citc. cn. stock@cac -citc. cn.
2. Introduction to main business or products during the reporting period
(I) main business and products
The company and its subsidiaries focus on tool and die design, development and manufacturing, automobile parts production and aviation parts production. The main products are tooling molds, auto parts and aviation parts. At present, tooling molds are mainly auto molds.
(II) industry development
Tooling, mould and auto parts business: it is mainly developed and produced by the parent company and its subsidiaries integrated Ruihu and integrated Jiwen. The company has the ability of auto mold development and matching coordination, inherits and transforms the application of advanced aviation manufacturing technology, and occupies a leading position in the field of auto mold manufacturing in China. Tooling molds are customized products, which mainly adopt the production mode of “production based on sales” and the procurement mode of “purchase based on production”. The sales mode is mainly to obtain orders through bidding, organize production according to customer requirements, and deliver the goods after pre acceptance of various indicators of molds on the customer’s site. After the molds arrive at the customer’s site for installation and commissioning and mass production of parts, The customer carries out the final acceptance of the mold. The subsidiary Integrated Ruihu is one of the strategic suppliers of Chery Auto parts assembly. It mainly undertakes Chery Auto body parts orders and signs sales contracts according to customer needs. Jiwen, a subsidiary, mainly relies on Longquan auto industry city to develop auto parts business and conduct independent marketing. After the customer determines the purchase intention, it signs a framework agreement with it, and organizes the production and delivery of corresponding parts and components according to the customer’s vehicle sales plan every month according to the product varieties, specifications and technical process requirements determined by both parties.
Aviation parts business: mainly undertaken by the parent company. At present, the company’s business is mainly to undertake the NC processing of aviation parts and components, and undertake the production and manufacturing of a small number of aviation sheet metal products. The company has formed a long-term and stable cooperative relationship with China’s aircraft manufacturing host factory. This business is a “processing with supplied materials” mode, which does not involve the purchase of bulk raw materials, and the production and delivery are carried out according to the customer’s order requirements. In 2021, the company’s Xindu Aviation Industrial Park project was gradually put into operation according to the special plan, which laid a solid foundation for expanding the scale of aviation parts business. This business shows a positive growth trend.
(III) market competition pattern and industry position of the company
According to the report on the world economic situation and outlook for 2022 of the United Nations, the global economy will grow by 5.5% in 2021, but the growth of major economies will slow down at the end of 2021. The economic Blue Book: analysis and forecast of China’s economic situation in 2022 released by the Chinese Academy of Social Sciences pointed out that in 2021, China’s economy generally showed a good recovery trend, and the economic growth rate remained ahead of the world’s major economies. China’s economy grew by 8.1% in 2021. However, in the uncertain and unstable epidemic situation and external environment, the downward pressure on the economy has increased. The economic growth in the four quarters was 18.3%, 7.9%, 4.9% and 4.0% respectively. There are many risks and challenges to maintain the stable operation of the economy.
Automobile industry: the global automobile industry is entering a new stage of transformation and upgrading of comprehensive lightweight, electrification and intelligence, and the head effect of China’s automobile industry is becoming more and more obvious. In 2021, China’s automobile production and sales reached 26.082 million and 26.275 million respectively, with a year-on-year increase of 3.4% and 3.8% respectively, ending the decline for three consecutive years. Among them, the production and sales of passenger cars were 21.408 million and 21.482 million, with a year-on-year increase of 7.1% and 6.5% respectively. The number of new models developed by traditional enterprises will be reduced, but there is more room for growth in the high-end vehicle market and new energy vehicle market. In the face of the industry situation, opportunities and challenges coexist in the automotive mold Market in 2022. On the one hand, the overall situation of fierce market competition caused by overall overcapacity in the automotive mold industry will continue, and customers will have higher requirements for mold production cycle, technical performance and product quality. On the other hand, there is still much room for growth in high-end models, new energy and foreign market segments, and the order price will tend to be stable after the rapid decline in the first two years. As a key backbone enterprise of automobile panel die in China, the company has established Chengdu automobile body engineering technology center, has many professional and skilled talents in the stamping industry, has rich experience in stamping forming, has the ability of vehicle die development and matching coordination, inherits and transforms the application of advanced aviation manufacturing technology, and occupies a leading position in the field of automobile die manufacturing.
The company’s auto body parts business is mainly carried out by its subsidiaries integrated Ruihu and integrated Jiwen. The integrated auto body parts business mainly provides supporting services for various series of Chery Auto models. It is one of the core strategic suppliers of Chery Auto body parts, and the cooperative relationship is relatively stable. Jiwen is mainly supporting major automobile factories in Longquan. The company won the “quality excellence award” of Chengdu Toyota textile auto parts Co., Ltd. and ranked excellent in the quality of suppliers at the European headquarters of Alto (ranking first).
Aviation Industry: facing the complex international situation, China has accelerated the construction of a new development pattern with China’s big cycle as the main body and China’s international double cycle promoting each other, and accelerated the construction of a world-class strategic air force. In 2030, we will become the world’s largest single national aviation market and the second largest regional market. We will also give birth to a world-class navigation market, and the demand of aviation parts market will also grow rapidly. At the same time, aerospace is one of the ten key areas of made in China 2025, and it is also an important field to drive China’s industrial transformation and upgrading. It has broad development prospects in both military and civil fields, and China’s aviation manufacturing industry has entered a period of rapid development. According to the forecast, the market scale of China’s aviation parts industry will reach 77.3 billion yuan by 2025. The company’s aviation parts business has formed a long-term and stable strategic cooperative relationship with its core customers since 1994. It is a designated core strategic outsourcing supplier of its core customers under the military production supervision system, and has won the title of its high-quality supplier for many times. 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 718010908900354816820372 102.36% 333339695211
Net assets attributable to shareholders of listed companies 542438549527254281805377 113.32% 251028980805
20212020 year-on-year increase or decrease 2019
Operating income 12681175819798374927402 28.91% 167470864352
Net profit attributable to shareholders of listed companies 557284384111888251561 – 53.12% 64245310772
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 3131317721, 2791327947, 12.18% and 3095305238
Net cash flow from operating activities 498391538410678724754% – 53.33% – 6241816261
Basic earnings per share (yuan / share) 0.1553 0.3314 – 53.14% 1.7909
Diluted earnings per share (yuan / share) 0.1553 0.3314 – 53.14% 1.7909
Weighted average return on net assets: 1.40%, 4.65% – 3.25%, 30.32%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 20987276693278483787183917527807638800824710
Net profit attributable to shareholders of listed company 14358269773805043132116495381479561175
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 29409375, 539665345, 2745712323 – 183469322
Net cash flow from operating activities -2383874298224949249840827101591035587025
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
Disclosure of general annual report at the end of the reporting period disclosure date of voting annual report at the end of the reporting period
Total shareholders 36793
