Company A-share Code: Shanghai Diesel Engine Co.Ltd(600841) company A-share abbreviation: Shanghai Diesel Engine Co.Ltd(600841) company B-share Code: 900920 company B-share abbreviation: Shanghai new power automobile technology Co., Ltd
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 of Shanghai Stock Exchange 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 Ernst & Young Huaming 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
According to the audit of Ernst & Young Huaming Certified Public Accountants (special general partnership), the consolidated net profit attributable to the parent company in 2021 was 69298168917 yuan and earnings per share was 0.56 yuan. The net profit realized by the parent company in 2021 was 49091241885 yuan, the statutory surplus reserve was 4909124188 yuan, plus the undistributed profit carried forward from previous years of 141229653231 yuan, minus the cash dividend of 7197059955 yuan distributed by the company in 2020, the profit available for distribution to shareholders of the parent company at the end of 2021 was 178214710973 yuan.
The profit distribution plan for 2021 is as follows: Based on the total share capital registered on the date of equity distribution, the company will distribute a cash dividend of RMB 1.275 (including tax) to all shareholders for every 10 shares, and the remaining undistributed profits will be carried forward to future years for distribution. Capital reserve will not be converted into share capital in this year.
The plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
Section II basic information of the company
1 company profile
Stock type stock exchange stock abbreviation stock code
A-share Shanghai Stock Exchange Shanghai Diesel Engine Co.Ltd(600841) Shanghai Diesel Engine Co.Ltd(600841)
B shares Shanghai Stock Exchange Shangchai B shares 900920
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Wang Hongbin Zhang Jiang
Office address: No. 2636, Jungong Road, Yangpu District, Shanghai
Tel: (021) 60652207 (021) 60652207
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period
After the completion of major asset restructuring, the company’s main business is the production, manufacturing and sales of heavy trucks and diesel engines. Among them, the diesel engines produced and manufactured by the company are mainly supporting Chinese commercial vehicle enterprises, engineering machinery enterprises, ships and generator sets and other manufacturing enterprises. SAIC Hongyan, a wholly-owned subsidiary of the company, is mainly engaged in the production, manufacturing and sales of commercial heavy vehicles.
(1) China’s commercial vehicle and heavy truck industry
On July 1, 2021, the state implemented the national six emission standard for heavy-duty diesel vehicles, and the exhaust emission standard of heavy trucks was upgraded from “national five” to “national six”. China’s commercial vehicle industry is affected by factors such as the switching of national six emission regulations for heavy diesel vehicles and the decline in the growth rate of traditional infrastructure real estate investment. The industry market is down. In 2021, China’s commercial vehicle industry achieved sales of 4.7933 million vehicles, a year-on-year decrease of 6.62%. Among them, the heavy truck market was jointly affected by the terminal market, emission standard switching, demand overdraft in advance, high inventory and other factors. In 2021, the annual sales volume was 1.3953 million, a year-on-year decrease of 13.81%. In 2022, with the gradual digestion of heavy truck inventory and the national investment in new infrastructure construction, it will be conducive to the sustainable development of the heavy truck market, but the market competition will further intensify. At the same time, with the implementation of the national “double carbon” strategy, it will bring opportunities to the new energy heavy truck market. In 2021, the cumulative sales of Shanxi Guoxin Energy Corporation Limited(600617) heavy trucks were 10448, up 299% year-on-year. In the heavy truck industry, the company’s main competitors include Faw Jiefang Group Co.Ltd(000800) , Dongfeng Automobile Co.Ltd(600006) , Sinotruk Jinan Truck Co.Ltd(000951) , Shaanxi Automobile Group, etc. (2) Domestic combustion engine and diesel engine industry in China
The internal combustion engine industry is a large industry in the manufacturing equipment industry. Various types of automobiles, motorcycles, agricultural machinery, engineering machinery, ships, Railway internal combustion locomotives, geological and oil drilling rigs, internal combustion power generation equipment, military and special general machinery take the internal combustion engine as the supporting power. Internal combustion engines are divided into gasoline engines, diesel engines and natural gas engines according to the fuel used. With the growth of the national new energy power market, the share of traditional energy power market such as diesel engine is partially occupied by new energy power such as pure electric, hybrid power and hydrogen fuel power. However, restricted by infrastructure and other factors, new energy power still can not change the dominant position of traditional energy power in the short term. With the country actively expanding effective investment and improving the quality of new urbanization, China’s diesel engine market will continue to maintain steady growth, but energy conservation and emission reduction is the future development trend of the diesel engine industry. The company’s main competitors in the diesel engine industry include Weichai Power Co.Ltd(000338) , Dongfeng Cummins Engine Co., Ltd., Guangxi Yuchai Machinery Group Co., Ltd., Faw Jiefang Group Co.Ltd(000800) Automobile Co., Ltd. Wuxi Diesel engine plant, etc. in recent years, affected by the overall overcapacity and product homogeneity of the industry, the market competition is fierce. The company has continuously improved the technical performance of products, increased investment in new energy business and strengthened market development, And adopted the differentiated competition strategy, and still maintained a good competitive advantage in the subdivided market.
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
2020 is better than 2019
Last year in 2021
Adjustment before adjustment, increase or decrease (%) before adjustment.
Total assets 24247753724662395195762026918051100103 1.231697059698978745164622961
Net assets attributable to shareholders of listed companies: 976929149019506941712952398203645758 92.71471986915171379879151246
Operating income 24401513649752196467158449613147148936 11.092081438013806403327019212
Net profit attributable to shareholders of listed company: 692981689173696235788820332054619 87.482477638062311686505743
Deduction of 487281359271515632116715156321167 221.5088620084048862008404 attributable to shareholders of the listed company, except for the net profit of recurring profit and loss
Cash flow from operating activities -21763911332331886221190015714752361 -168.2514660527956661894843904 net
Weighted average return on net assets 10.81 7.55 5.22 increased by 3.26 5.37 3.10
(%) percentage points
Basic earnings per share (yuan / share) 0.561 0.338 0.235 65.98 0.227 0.135
Diluted earnings per share (yuan / share) n / a n / a n / a n / a n / a n / a n / a n / A
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 783325127859925761076990388252921901342812238225
Net profit attributable to shareholders of listed company 12845811059217622622371119942754023490668081
Deduction attributable to shareholders of listed companies
Net profit after recurring profit and loss 5952727235110303160641165517783920089914789
Net cash flow from operating activities -221522630665188744881118 -24149576464656634400870
Description of differences between quarterly data and disclosed periodic report data
√ applicable □ not applicable
The company implemented and completed the major asset restructuring in 2021. According to the provisions of the accounting standards for business enterprises, when enterprises under the same control merge and prepare the consolidated balance sheet, the opening amount of the consolidated balance sheet shall be adjusted, and the relevant items of the comparative statement shall be adjusted. It is deemed that the consolidated reporting entity has existed since the time point when the final controller began to control. Therefore, the company has retroactively adjusted and listed the relevant items of the above comparative statements.
4. Shareholders
4.1 total number of ordinary shareholders, total number of preferred shareholders with voting rights restored, total number of shareholders holding special voting shares and top 10 shareholders at the end of the reporting period and the end of the month before the disclosure of the annual report
