Hefei Jianghang Aircraft Equipment Co.Ltd(688586) last year’s net profit was 231 million yuan, an increase of 19.23% year-on-year

Hefei Jianghang Aircraft Equipment Co.Ltd(688586) 3 on March 14, the annual report of 2021 was released. During the reporting period, the company achieved an operating revenue of 953 million yuan, a year-on-year increase of 14.72%, and the net profit attributable to shareholders of listed companies was 231 million yuan, a year-on-year increase of 19.23%.

During the reporting period, the aviation related equipment manufacturing industry remained the main source of the company’s main business income, an increase of 15.48% over the previous year, accounting for 75.48% of the main business income; At the same time, the operating revenue of refrigeration and air conditioning equipment manufacturing industry increased by 11.27% over the previous year, and the gross profit margin increased by 3.45 percentage points, mainly due to Swan refrigeration actively striving for new projects, further expanding the market, and increasing the business of shelter air conditioning and liquid cooling equipment.

From January to December 2021, the company’s aviation business increased investment in pre research, scientific research and development and core competence construction, improved integration and verification capabilities, and continuously consolidated and improved professional status and technical capabilities; Accelerate the process optimization of the scientific research and production system of “lean R & D and efficient production”, change the mode of production organization, improve the informatization of lean flexible units, and smooth the process of the main value chain; Strengthen market development and expand supporting business areas; With the system R & D capability leading the needs of customers, the position of system level supporting industry has been further strengthened, which has laid a solid foundation for the long-term development of the company. The revenue of aviation business was 599 million yuan, accounting for 62.85% of the operating revenue, with a year-on-year increase of 18.92%.

From January to December 2021, the company’s special refrigeration business tracked the research and pre research projects under the “14th five year plan” of the main engine factory, tamped the foundation, strengthened the management, developed the advantages and made up the shortcomings, and strengthened the market research of the temperature regulating equipment of the Navy’s main battle ships. The annual revenue of the special refrigeration business was 232 million yuan, accounting for 24.30% of the operating revenue, with a year-on-year increase of 11.37%.

From January to December 2021, the company actively promoted the life-cycle service guarantee of aviation equipment, explored the potential maintenance business market, expanded the market of high value-added products in the engine field, expanded the rail transit oxygen generator project, independently developed new oxygen equipment testers, and achieved an operating revenue of 122 million yuan in maintenance and other businesses, accounting for 12.85% of the operating revenue, with a year-on-year increase of 2.81%.

In the future, the company will adhere to the development plan of “strengthening the army, establishing production, increasing efficiency and sharing”, adhere to the two main lines of innovation driven and reform and development, and strive to create an industrial model of high-quality development of “small core, large cooperation, specialization and openness” according to the idea of “accelerating the construction of core technical capacity, accelerating the expansion of strategic key industries and accelerating the promotion of market system and mechanism”, Fully promote the new development pattern of enterprises integrating “party building and corporate governance, capital operation and industrial development, independent innovation and foreign cooperation, capacity improvement and digital intelligence construction, aviation power and happy Jiang Airlines”, become a system level supplier of aviation oxygen system, airborne fuel tank inerting protection system, auxiliary fuel tank and military refrigeration products, and achieve high-quality development.

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