Sinomag Technology Co.Ltd(300835) : summary of 2021 Annual Report

Sinomag Technology Co.Ltd(300835) 2021 annual report summary

Securities code: Sinomag Technology Co.Ltd(300835) securities abbreviation: Sinomag Technology Co.Ltd(300835) Announcement No.: 2022008 Sinomag Technology Co.Ltd(300835)

Summary of annual report 2021

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 of the company attended the meeting of the board of directors to review the annual report in person. The audit opinion of Tianjian Certified Public Accountants (special general partnership) on the financial report of the company this year is: standard unqualified opinion. Changes of accounting firm during the reporting period: the company has not changed its accounting firm 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 70670000 shares as the base, distribute cash dividends of 2.00 yuan (including tax) to all shareholders for every 10 shares, send 0 bonus shares (including tax), and increase 7 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 Sinomag Technology Co.Ltd(300835) Stock Code: Sinomag Technology Co.Ltd(300835)

Shenzhen Stock Exchange

Contact person and contact information secretary of the board of directors securities affairs representative

Name: Feng Jiaguang, Wang Hui

Office address: 23 / F, building 1, Swan Lake Wanda Plaza, No. 3818, south 2nd Ring Road, Hefei government district

Fax: 62055200860551

Tel: 055162865265055162865268

E-mail [email protected]. [email protected].

2. Introduction to main business or products during the reporting period

(I) main business, products and uses of the company during the reporting period

The company is mainly engaged in the R & D, production and sales of new functional materials of permanent ferrite. It is one of the main manufacturers of high-performance permanent ferrite wet pressed magnetic tile in China. High performance wet pressed magnetic tile is the core component of permanent magnet micro motor. It is mainly used in various motors such as automobiles, household appliances, electric tools and fitness equipment.

Since 2020, while deeply cultivating the permanent magnet ferrite magnetic tile industry, the company has actively arranged the soft magnetic industry chain and focused on the development of soft magnetic particle materials, magnetic particle cores and high-frequency magnetic device products. The products are mainly used in photovoltaic energy storage, new energy vehicles, consumer electronics and other fields.

Sinomag Technology Co.Ltd(300835) 2021 annual report summary

(II) main business models

The company adopts the production mode of setting production according to sales and customizing according to orders. After receiving the customer's order, the company organizes contract review, comprehensively evaluates the conditions including personnel, equipment, molds, tooling and fixture capacity, raw and auxiliary materials and accessories, expected delivery cycle and so on, then formulates the production schedule, and then organizes and reasonably allocates the corresponding resources according to the production schedule. And comprehensively control and manage each process flow.

1. Procurement mode

The main raw materials of the company's leading products are iron red, strontium carbonate and pre burned materials. The production department of the company prepares production plans for a certain period (monthly and quarterly) according to customer contracts and orders, and the procurement department purchases raw and auxiliary materials from suppliers according to production plans and inventory status. The company maintains a certain safety stock of main raw materials to meet the increase of customer orders and the requirements of production cycle. The company carries out qualification certification for suppliers according to the requirements of quality management system. The company shall negotiate with major suppliers to determine the annual purchase quantity and price every year, and issue purchase contracts to suppliers by stages according to the requirements of product orders.

2. Production mode

The company implements the order production management mode and arranges production according to the different requirements of customers. After the preliminary review of customer contracts and orders, the marketing department shall deliver the "order notice" to the production department according to the order requirements, and the production department shall organize personnel from the technology R & D department, quality management department and other departments to review according to the existing production arrangements and customer order requirements, According to the production operation control procedure of the company's quality management system, the "customized notice" is transmitted to the technology R & D, quality management and other departments. After the technology R & D department formulates the process standard and the quality management department formulates the inspection standard, each production workshop of the production department organizes personnel to carry out production. Finally, the marketing department contacts the freight unit according to the contract period and delivers goods on schedule.

3. Sales model

The company mainly adopts the direct selling mode. The company directly signs the sales contract with the customer and produces according to the order. After the products pass the customer's inspection, the company will directly collect money from the customer according to the contract.

4. R & D mode

The company mainly adopts the independent R & D mode, sets up the R & D center, cooperates with the sales department, formulates the new product development plan and R & D scheme according to the market technical changes or customer product demand, organizes personnel to plan and develop, continuously tracks the feedback of customers during small-scale test, pilot test and mass production, and adjusts the product scheme in time, To ensure that product R & D matches the needs of the market and customers.

The company has always attached great importance to the continuous investment in technology research and development, paid great attention to the upstream and downstream technological changes, and relied on high-quality R & D team to realize the technological renewal of products, with good foresight, rapid response ability to downstream demand and product development ability. Relying on the above R & D mode, the company closely combines R & D direction with market and customer needs, and successfully establishes a complete set of service process of market and customer demand analysis - product and technology development - Sample - batch production - customer feedback, so as to continuously maintain the leading position of technology and improve market share and brand image.

(III) main performance drivers and industry status

During the reporting period, the company achieved an operating income of 8046745 million yuan, an increase of 43.91% over the previous year; The net profit attributable to the shareholders of the listed company was 1310109 million yuan, a year-on-year increase of 92.05%. The company's sales revenue in the fields of automobile and frequency conversion household appliances continues to grow, and has become a global leading supplier of magnetic materials in the above fields, with strong market competitiveness.

With good service and high-quality products, the company has established long-term good and stable cooperative relations with well-known manufacturers at home and abroad. Provide customers with personalized and diversified products and services. 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 123566923624106509788402 16.01% 82743522908

Net assets attributable to shareholders of listed companies 9527817204183684838307 13.85% 53552935251

20212020 year-on-year increase or decrease 2019

Operating income 8046745161155913325497 43.91% 55101695392

Net profit attributable to shareholders of listed companies 131010919016821590670 92.05% 8462693401

Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 121883139465223232457 133.35% 6873675207

Net cash flow from operating activities 74447866765677850817 31.12% 5635900492

Basic earnings per share (yuan / share) 1.85 1.08 71.30% 1.60

Diluted earnings per share (yuan / share) 1.85 1.08 71.30% 1.60

Weighted average return on net assets 12.98%, 9.50%, 3.48%, 17.07%

Sinomag Technology Co.Ltd(300835) 2021 annual report summary

(2) Quarterly main accounting data

Unit: Yuan

First quarter second quarter third quarter fourth quarter

Operating income 18176844782220716540812053578579619683166952

Net profit attributable to shareholders of listed company 2907306467330872105341558825862729181795

Deduction attributable to shareholders of listed companies is not subject to 2657887578324103494738934434152383864183

Net profit of recurring profit and loss

Net cash flow from operating activities 34656972601414721091 -9373599163501728241

Is there any significant difference between the above financial indicators or their total amount and 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

Voting at the end of the reporting period on the disclosure date of the ordinary Annual Report

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