Company code: Jiangsu Tongli Risheng Machinery Co.Ltd(605286) company abbreviation: Jiangsu Tongli Risheng Machinery Co.Ltd(605286) Jiangsu Tongli Risheng Machinery Co.Ltd(605286)
Summary of annual report 2021
Section I important tips
1 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 go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4. Tianheng Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The company plans to distribute cash dividends to all shareholders in the proportion of 1.2 yuan (including tax) for every 10 shares based on the total share capital registered on the date of equity distribution. As of December 31, 2021, the total share capital of the company is 168000000 shares. Based on this calculation, the total cash dividend to be distributed is 201 Shanghai Pudong Development Bank Co.Ltd(600000) 0 yuan (including tax), accounting for 13.38% of the net profit attributable to the shareholders of the listed company in 2021. In 2021, no capital reserve will be converted into share capital and bonus shares will be given.
If the total equity distribution of the company is changed, the proportion of the total equity to be distributed will remain unchanged on the date of announcement, and the specific equity distribution of the company will be adjusted accordingly.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Jiangsu Tongli Risheng Machinery Co.Ltd(605286) Jiangsu Tongli Risheng Machinery Co.Ltd(605286) not applicable
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Liu Liang, Li Zhenxing
Office address: Liuwei Road, economic development zone, Danyang City, Jiangsu Province
Tel: 051185769801
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period
With the global population growth, the acceleration of urbanization, the acceleration of population aging and the improvement of people’s living standards, people’s requirements for the comfort of living and working environment and the convenience of daily travel are also increasing. Elevator products have been widely popularized and become one of the essential supporting equipment for modern high-rise buildings and public infrastructure. At present, the international elevator market is characterized by the steady growth of demand in developed countries and regions and the rapid growth of demand in emerging markets. In the medium and long term, China’s urbanization process will still promote the steady growth of the elevator industry supporting urban development, and there is still room for further release of the contradiction between supply and demand, rigid demand, improvement demand and renewal demand. At the same time, the demand for the installation of elevators in old buildings, the renewal and transformation of old elevators, household elevators, special elevators and other market segments is growing rapidly. The increasing elevator ownership and steady rising production and sales volume provide a large market development space for China’s elevator parts supporting enterprises.
According to the data released by the National Bureau of statistics, the national elevator production reached 1.545 million in 2021, a year-on-year increase of 17%. Chinese mainland China has lift itself into the largest elevator producer and consumer country in the world. Over 70% of the world’s lift manufacturing business is in mainland China, and the lift manufacturing industry chain is fully equipped.
Elevator is composed of electrical parts, mechanical parts, metal parts, etc., involving a wide variety of parts. As the leader in the industry, elevator manufacturers gradually peel off various parts and components and hand them over to upstream parts manufacturers for supporting production in order to improve their production efficiency and profitability and reduce their capital pressure. In terms of elevator component manufacturing, due to the variety of types and specifications of metal component products, and the different specifications and types of products in different batches, it is not easy to form large-scale standardized production. Therefore, the whole elevator manufacturer turns it over to the parts and components supplier for production. In recent years, with the enhancement of the flexible supporting capacity of elevator component manufacturers and the continuous progress and maturity of R & D technology and production process technology, the whole elevator manufacturers gradually tend to hand over more types of elevator components to the component manufacturers, and the elevator component manufacturing industry has developed continuously.
(I) main business and products
Jiangsu Tongli Risheng Machinery Co.Ltd(605286) founded in 2003, it is a key backbone enterprise producing elevator parts in China. The company is mainly engaged in the R & D, production and sales of elevator parts and elevator metal materials. Its main products include escalator parts, straight elevator parts and elevator metal materials. Specific product categories include escalator parts – outer cladding, drive system, vertical elevator parts – hoistway parts, car parts and elevator metal materials. The company’s products cover the vast majority of categories of elevator metal supporting products. It is one of the enterprises with the most abundant product lines in the industry. It can provide customers with the supply of complete parts and meet the “one-stop and diversified” procurement needs of the whole elevator manufacturing enterprises. As a supplier of parts for well-known elevator manufacturers at home and abroad, such as Schindler, Otis, Tisheng, KONE, Hitachi and Theo, the company is in a leading position in the field of elevator supporting products. The company has strong product design ability and production technology level, reliable product quality and timely delivery, and can provide customers with good after-sales service guarantee. It has been highly recognized by international famous and large Chinese elevator manufacturers, and its products have strong market competitiveness.
The main products of the company are as follows:
Business product specific product content
Outer cladding skirt, cover sector, glass support, breast board, handrail rotation, etc
Escalator component drive system drive assembly, ladder guide rail, handrail guide rail, etc
Truss ladder truss
Other components other types of components
Vertical ladder parts, hoistway parts, guide rail support, traction machine support, counterweight frame, protective screen assembly, buffer support, etc
Car components: Car upper / lower beam, straight beam, car roof / bottom, car bottom bracket, car wall, etc
Elevator metal materials elevator materials made of stainless steel
(1) Schematic diagram of main products of escalator
(2) Schematic diagram of main products of vertical ladder
(3) Elevator metal materials: the main products of elevator metal materials are various types of stainless steel products produced by elevator or elevator component manufacturers. The diagonal, flatness and surface texture of high-strength stainless steel metal materials shall be treated, and the large-scale cutting of different specifications shall be realized, which has high requirements for the manufacturer’s process technology level and equipment.
In recent years, the company has invested a lot of money to introduce automation equipment such as iemas stainless steel sanding line and longitudinal / transverse shear production line. Advanced equipment and experienced production technicians make the company have the advantages of high quality, fast efficiency and good cost control.
(II) main business models
1. Sales model
The company’s sales mode is direct sales, and the products are sold to world-famous and large elevator host factories in China. In the process of selecting the supporting suppliers of upstream components, the world-famous and China’s large elevator main engine manufacturers usually have a complete set of strict supplier certification system. Once the supporting relationship is established, a long-term and stable cooperative relationship will be formed.
2. Production mode
The company has many kinds of elevator parts, and different downstream customers have different requirements for the design scheme, specification and model of elevator parts, which directly determines that the elevator parts industry has the characteristics of multiple varieties and batches. The company basically adopts the mode of production based on sales, but reserves a small amount of inventory for some products with relatively high degree of standardization.
3. Procurement mode
The company’s main raw materials include stainless steel, carbon steel, structural parts and packaging materials. The procurement department of the company implements unified management on the procurement of main raw materials and reserves reasonable inventory according to the production plan and market conditions. The company determines the purchase price through inquiry and price comparison with qualified suppliers, and arranges purchase orders after comprehensive consideration of the quality, price and delivery date of main raw materials. After the raw materials arrive at the factory, they shall be subject to incoming inspection, and they can be put into storage only after passing the inspection.
(III) performance drivers
The driving factors of the company’s performance are closely related to the downstream market demand and the fluctuation of the upstream main raw material market under the influence of the macroeconomic cycle. At the same time, they are affected by the new infrastructure of rail transit, the transformation of old urban communities, the installation of elevators in old buildings, the renewal and transformation of old elevators and other relevant policies, as well as the company’s own business strategy, business efficiency, product competitive advantage, product structure and price strategy. During the reporting period, there was no significant change in the company’s main business, main products, their uses and business model. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 199947051302114127881817 75.20101629266550
Net assets attributable to shareholders of listed company 14741491836975314066793 95.7360581126825
Operating income 229566836804174921035760 31.24151183392695
Net profit attributable to shareholders of listed company 1506941950114694785010 2.5511439098346
Net profit after deducting non recurring profit and loss attributable to shareholders of listed company 1452063674714278857347 1.6911020636479
Net cash flow from operating activities -1349201351812753257432 -205.7912752407250
Weighted average net assets were 11.56 and 21.62, with a decrease of 10.06 percentage points and a yield of 20.85%
Basic earnings per share: 19.94 yuan / share -1.0 yuan
Diluted earnings per share 0.94 1.17 -19.66 0.91 (yuan / share)
3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 37016398427632245706196609625607563229611683
The net profit attributable to the listed company shares 1933184810428912270053507784213496333570 East belongs to the listed company shares
Net profit after deducting non recurring profit and loss of 1809836065409287551351115697693506355400
Cash generated from operating activities -8
