Zhejiang Taitan Co.Ltd(003036) 2021 annual report summary
Securities code: Zhejiang Taitan Co.Ltd(003036) securities abbreviation: Zhejiang Taitan Co.Ltd(003036) Announcement No.: 2022027
Zhejiang Taitan Co.Ltd(003036) 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. 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 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 21 Shanghai Pudong Development Bank Co.Ltd(600000) 000 as the base, distribute cash dividends of 0.72 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 Zhejiang Taitan Co.Ltd(003036) stock code Zhejiang Taitan Co.Ltd(003036)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Pan Xiaoxiao, Wang Yajin
Office address: No.99 Titan Avenue, Qixing street, Xinchang County, Zhejiang Province
Fax: 057586288819
Tel: 057586288819057586288819
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(I) main business and main products of the company
The company is mainly engaged in the R & D, production and sales of textile machinery and equipment. By increasing the research and development of textile intelligent equipment, the company continues to develop intelligent, automatic, digital, efficient and low-energy textile equipment, and is committed to providing downstream customers with intelligent manufacturing systematic products in professional fields.
The company's main products include a series of products such as spinning equipment and weaving equipment. The spinning equipment mainly includes rotor spinning machine, double twisting machine, automatic winder and other products, and the weaving equipment mainly includes rapier loom, air-jet loom and other products. After more than 20 years of independent research and development, design and production, by the end of the reporting period, the company has more than 140 patents with independent intellectual property rights. The technical performance of the main products developed is close to the international advanced level, and the products continue to develop in the direction of diversification, serialization and intelligence. At the same time, with the help of textile machinery management and technical experience, logistics sorting equipment has been developed horizontally; Vertical extension of special yarn business.
(II) main business model of the company
Zhejiang Taitan Co.Ltd(003036) 2021 annual report summary
1. Procurement mode
The company's procurement mode can be divided into three types: conventional special parts procurement, customized outsourcing special parts procurement and entrusted processing. The details are as follows:
(1) Procurement of conventional special parts
Conventional special parts procurement refers to the special parts that can be fully provided by the market and can be purchased at the market price after the enterprise puts forward the performance demand. Conventional special parts include not only electric control system, bearings, motors and some high-end imported components, but also screws, nuts, steel, etc. The procurement department of the company is mainly responsible for the procurement of conventional special parts, and the procurement of conventional special parts is one of the main procurement modes of the company.
(2) Customized outsourcing procurement
Customized outsourcing procurement refers to a customized procurement mode in which the supplier purchases materials by himself after the company provides technical drawings, quality standards and technical requirements, and takes "material cost + processing fee" as the pricing basis. Generally, the company provides the supplier with technical drawings, technical standards and quality requirements for customized outsourced purchased special parts. The supplier carries out cutting, welding, casting and other processes according to the drawings and technical requirements. The company mainly purchases customized parts such as box, shell and shaft in this way. Under this mode, the company retains key processes and technologies, and relevant suppliers only give play to their advantages in the production of single parts. The above procurement is generally completed by each business unit. (3) Entrusted processing
Entrusted processing by the company refers to the purchase mode in which the company provides main materials, sends them to the supplier, returns them to the company for continuous production after completing one or more processes, and the company and the supplier settle the processing fee. The processes entrusted by the company are mainly sporadic auxiliary processes of parts, and do not involve key processes and key technologies. The main reason why the company entrusts processing is that the demand for such processes is small and the value is not high. The company entrusts such processes to suppliers for processing out of consideration of cost-effectiveness.
2. Production mode
The company organizes production according to customer orders, and the production process includes R & D and design, complete machine assembly, inspection and testing, etc. Each production department shall organize and arrange each production business department to carry out production according to the order requirements of the sales department and the design results of the technology R & D center. The company attaches great importance to product research and development, including technical design, mechanical design and control system design. The production of the company's products is carried out in an orderly manner according to the division system. The production department of the company consists of new spinning machinery manufacturing division, rapier loom manufacturing division, twisting machinery manufacturing division, automatic winder manufacturing division and air-jet loom manufacturing division. Each division is responsible for the overall assembly and inspection of corresponding products.
The company's main products are textile machinery products. Customers can choose the configuration of equipment independently. The company can purchase parts of different quality and origin for assembly according to customers' requirements, so as to meet customers' differentiated purchase needs. Configuration customization selection, R & D and design, quality control of parts and raw materials, general assembly of the whole set of equipment, professional commissioning and product quality inspection constitute the core links of the production process.
3. Sales model
There are two modes: direct selling to customers and direct selling to customers. The company's domestic sales mainly adopt direct sales, while overseas sales mainly adopt agent direct sales. The agent direct sales customers are mainly distributed in India and Turkey. Under the mode of agency direct selling, the local agent is responsible for providing customer resources and after-sales service. The company directly sells goods to the final customer and collects the payment for goods, and pays commissions to the agent according to the contract. The distribution mode is that the company signs sales contracts with dealers to form buyout sales. The distribution income is small, and the customer group is mainly overseas.
During the reporting period, the company's domestic sales were mainly direct sales. Rotor spinning machines, rapier looms and double twister were sold in this mode, and the product market was wide. Considering the economy and adaptability of sales, export sales are mainly agent direct sales. This method is mainly adopted when selling rapier looms and rotor spinning machines to the Indian market and double twisting machines to Turkey.
The company's marketing center and international trade department are respectively responsible for sales outside China and assist in after-sales service; Undertake the responsibilities of market development outside China, market information collection and analysis, business sales relationship establishment, undertaking and tracking orders, and cooperating with the after-sales service of each business unit.
(III) industry structure and development trend
1. Competition pattern of textile machinery industry
The R & D and production of global textile machinery are mainly concentrated in Europe and Asia. Europe has the largest output of textile machinery, mainly Germany, Italy, Switzerland and other countries, while Asia is dominated by Japan and China. From the point of view of German and Swiss traditional textile technology, it is a powerful country in Italy. With the rapid improvement of China's equipment manufacturing level, China plays an increasingly important role in the production, manufacturing and sales of global textile machinery.
According to the statistics of the National Bureau of statistics, from January to September 2021, the total assets of textile machinery enterprises above designated size were 115696 billion yuan, a year-on-year increase of 16.61%. The global macro-economy gradually recovered, and China's national economy continued to grow steadily. In the first three quarters, China's textile machinery industry continued a steady recovery of growth, and the recovery of major economic indicators of the industry was strong. From January to September 2021, the market demand of China's textile machinery industry gradually warmed up, the business situation of enterprises rebounded steadily, and the export of textile machinery was at an all-time high. From January to September 2021, 668 textile machinery enterprises above Designated Size achieved an operating revenue of 67.953 billion yuan, a year-on-year increase of 39.02% and an average increase of 2.62% in two years; The total profit was 49 3.9 billion yuan, a year-on-year increase of 59.12%. Total assets amounted to 115696 billion yuan, a year-on-year increase of 16.61%.
2. Development trend of textile machinery industry
At present, the global textile machinery industry focuses on scientific and technological innovation and the promotion of new technologies. The electronic numerical control technology, automation and intelligence of production process, high-end parts manufacturing technology and online control technology of textile machinery have been greatly improved. The whole industry presents the development trend of high-speed, high efficiency, less labor and low energy consumption.
(IV) industry position and market share of the company
In the global textile machinery market, the leading textile machinery and equipment manufacturers in the world are mainly from Germany, Japan, Switzerland, Italy, Belgium, China and other countries. As there are many types of subdivided products of textile machinery, enterprises have their own advantageous products in different subdivided fields.
The company is one of the major enterprises in China's textile machinery industry. From January to September 2021, if calculated according to the public data of the Textile Machinery Association, the operating revenue of the company accounted for about 1.19% of the main business revenue of China's textile machinery industry in the same period; The total profit of the company accounted for about 1.09% of the total profit of China's textile machinery industry in the same period.
Zhejiang Taitan Co.Ltd(003036) 2021 annual report summary
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 207581462754148502917207 39.78% 119453139335
Net assets attributable to shareholders of listed companies 11419844707582592888072 38.27% 76373236817
20212020 year-on-year increase or decrease 2019
Operating income 12432921413466777839456 86.18% 58304959542
Net profit attributable to shareholders of listed companies 727 Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) 5 59,890433. 64 21.44% 59,404305.57
Deductions attributable to shareholders of listed companies are not subject to 655 Shenzhen Longtech Smart Control Co.Ltd(300916) 1 51,502917. 16. Net profit of 27.24% 5381908865 recurring profit and loss
Net cash flow from operating activities -108772776144471632614 85 -343. 25% 99,316497.74
Basic earnings per share (yuan / share) 0.34 0.37 - 8.11%
