Securities code: Quakesafe Technologies Co.Ltd(300767) securities abbreviation: Quakesafe Technologies Co.Ltd(300767) Announcement No.: 2022005
Bond Code: 123103 bond abbreviation: Zhen’an convertible bond
Quakesafe Technologies Co.Ltd(300767) 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. All directors have attended the meeting of the board of directors to consider this report. The audit opinion of ShineWing Certified Public Accountants (special general partnership) on the company’s financial report this year is: standard unqualified opinion. 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: take 202170726 as the base, distribute cash dividend of 0.90 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 share (including tax), and increase 2 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 Quakesafe Technologies Co.Ltd(300767) stock code Quakesafe Technologies Co.Ltd(300767)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Bai Yunfei, Liu Fang
Office address: 22 / F, building B3, Yuntou center, shark fin Road, Zongshuying street, Xishan District, Kunming City, Yunnan Province
Fax: 087163356319
Tel: 087163356306
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(I) main business
The company is a high-tech enterprise specializing in complete sets of solutions such as building vibration reduction and isolation technology consulting, vibration reduction and isolation structure analysis and design, vibration reduction and isolation product R & D, production, sales, testing, installation guidance and replacement, vibration reduction and isolation building monitoring, after-sales maintenance and so on. At present, the company has become a leading production base of vibration reduction and isolation products in China, with leading production capacity in the industry. It has chemical laboratories, physical laboratories and various professional production workshops and production lines, It can meet the production requirements including but not limited to: a full range of building isolation rubber bearings and building energy dissipation dampers (viscous damper, metal yield damper, buckling restrained energy dissipation support, friction damper, tuned mass damper), etc.
(II) main products
1. Building isolation rubber bearing
Building isolation rubber bearing is a kind of elastic support isolation device, which is formed by alternating superposition of thin steel sector and thin rubber sector and vulcanization under high temperature and high pressure. The use of building isolation rubber bearing is an active seismic method of “overcoming the rigid with softness”. The rubber isolation bearing is made of flexible materials such as rubber and set at the bottom or lower part of the building to form a flexible isolation layer with the upper structure, so as to absorb and consume seismic energy and reduce the seismic energy input to the upper structure of the building, so as to achieve the purpose of seismic resistance. According to the different requirements of rubber damping ratio, building isolation rubber bearings can also be divided into ordinary rubber isolation bearings (excluding lead core), lead core rubber isolation bearings and high damping rubber isolation bearings.
Ordinary rubber isolation bearing (excluding lead core)
Lead rubber isolation bearing
2. Elastic sliding sector support
Elastic sliding sector bearing belongs to building isolation bearing, which is mainly composed of upper connecting sector, sliding panel, sliding material, rubber bearing part and lower connecting sector. It has a pair of friction devices composed of mirror stainless steel sector and polytetrafluoroethylene or high molecular weight polyethylene. When the horizontal force is greater than the friction, the superstructure and foundation will slide relatively to ensure the safety of the superstructure. The vertical bearing capacity of the bearing is high, the friction coefficient is small, the long-term performance is stable, the vertical bearing capacity is not affected by the horizontal displacement, and the horizontal stiffness is small. Elastic sliding sector bearings are mainly sold together with rubber isolation bearings to meet the seismic reduction and isolation performance index requirements of large-scale construction projects.
3. Energy dissipation damper
The energy dissipation damper products developed and produced by the company are mainly viscous damper, buckling restrained energy dissipation support and metal yield damper, all of which belong to shock absorption products. Energy dissipation damping devices or elements are set in some parts of the building structure (such as supports, shear walls, joints, joint joints or embedded parts, floor space, adjacent buildings, main and auxiliary structures, etc.) to dissipate or absorb the seismic energy input into the structure through the friction nonlinear hysteretic deformation energy consumption generated by the energy dissipation device, so as to reduce the seismic response of the main structure, so as to avoid damage or collapse of the structure, Achieve the purpose of improving the seismic capacity of buildings. In addition, the viscoelastic damper and metal rubber friction energy dissipater developed by the company have also completed type inspection, which can be used in building shock absorption projects.
4. Highway bridge bearing
Highway bridge bearing is an important component connecting the superstructure and substructure of the bridge. It plays the role of transmitting the static load and dynamic load of the superstructure to the bridge pier and abutment, and meets the deformation of the superstructure due to load, temperature change and other factors.
(III) business model
1. Procurement mode
The company purchases according to the principle of “purchase based on sales and maintain reasonable inventory”, and maintains an appropriate reserve of general raw materials and standard parts; The planning department of the company calculates the consumption of various raw materials according to the production plan and actual needs, then obtains the quantity to be purchased in combination with the inventory situation, and puts forward the material demand application. The procurement department of the company has formulated the list of qualified suppliers, and determines the final supplier by means of bidding, competitive negotiation, directional agreement, etc. The company regularly evaluates suppliers and timely maintains the list of qualified suppliers.
2. Production mode
The company’s products mainly adopt the mode of determining production by sales and maintaining reasonable inventory. The planning department reasonably determines the production plan according to the sales order and market demand, and then timely makes corresponding adjustments or changes to the production plan according to the actual delivery demand. The planning department sends it to the production department in the form of production notice and the technology department sends it to the production department in the form of production technology notice to organize and coordinate the production workshops for production, The workshop of the company arranges material requisition and production according to the production plan, and coordinates and implements the production plan. At the same time, the planning department formulates the outsourcing processing plan according to the production plan, and transmits the current effective processing operation data (drawings, operation instructions, or other relevant data) to the outsourcing processing industry. The outsourcing processing business mainly involves the processing processes with strong universality and substitutability and low technical content, such as the production of steel sectors and embedded parts and the production of lead cores.
3. Technical service mode
In the early stage of the project, the design department arranges professionals to cooperate with the sales department to participate in the early stage consultation of the seismic reduction and isolation project. After the design project is determined, the design department shall appoint the project leader to cooperate with the design unit to study the seismic reduction and isolation design scheme of the project, evaluate the feasibility and economy of the seismic reduction and isolation technology adopted in the project, and put forward the framework scheme of building seismic reduction and isolation technology. After the overall scheme is determined, the design department is responsible for analyzing the structural vibration reduction and isolation design model, putting forward optimization ideas for the superstructure according to the analysis results, and cooperating with the design unit to optimize the design scheme to achieve the ideal vibration reduction and isolation effect. At the same time, determine the layout of building isolation layer, the selection of vibration reduction and isolation devices and mechanical parameters, and complete the vibration reduction and isolation design, The seismic reduction and isolation design shall strictly follow the code for seismic design of buildings and other relevant industrial and local codes. The seismic reduction and isolation design results shall be sent to the project owner or project design unit after being reviewed by the special team of the company. After the design project leader confirms the design results, the sales leader negotiates and signs the contract with the customer. At the same time, the person in charge of after-sales service department is responsible for arranging after-sales personnel to carry out installation guidance related matters (including technical disclosure, drawing joint review, installation guidance, project acceptance, return visit and investigation, etc.), and regularly patrol the project to check whether it meets the design requirements, so as to improve the after-sales service quality.
4. Sales model
The company’s sales are mainly direct sales, and its customers are mainly the owner, the construction party and a small number of dealers. The business within the scope of the regulations on engineering projects subject to bidding involves bidding procedures.
5. Collection policy
Combined with the characteristics of the construction industry, the company has set up a policy of step-by-step collection according to the supply progress. At the same time, in order to cope with the changes of industry prosperity and competitive situation, the company can implement a separate credit policy for key customers with large contract amount after corresponding approval procedures. According to the market competition and the landscape of the construction industry in the downstream industry, the company timely adjusts the collection policy after risk assessment.
(IV) main performance drivers
1. Market layout
Judging from China’s situation, China is a country prone to earthquakes. Earthquakes with magnitude 7 or above on land account for 1 / 3 of global earthquakes with magnitude 7 or above on land, and the number of deaths due to earthquakes accounts for 1 / 2 of the world; 41% of China’s land and more than half of its cities are located in areas with basic earthquake intensity of 7 degrees and above (data source: China Earthquake Information Network). These areas are areas with demand for seismic mitigation and isolation technology in the future. At the same time, with the increase of provinces and regions in China that support the mandatory or priority use of seismic mitigation and isolation technology for relevant buildings, the seismic mitigation and isolation market is also gradually expanding. At present, the company has established several sales regions, which has laid a certain foundation for obtaining projects outside Yunnan Province, and gradually popularized the successful experience in Yunnan Province to all parts of the country. In the future, with the improvement of relevant laws, regulations and policies and the further improvement of product standards, the company will strive for more market share nationwide.
2. Policy promotion and promotion of vibration reduction and isolation technology and products
Seismic reduction and isolation technology can effectively reduce the horizontal damage of buildings caused by earthquakes, especially under the action of rare earthquakes. The vibration reduction and isolation system can simultaneously protect the structural and non structural components, as well as the safety of the internal facilities of the building under strong earthquakes, ensure that the building will not lose its use function after the earthquake, ensure that the internal property of the building will not suffer losses, and protect life safety. The development of building vibration reduction and isolation industry is conducive to promoting the construction of China’s earthquake disaster prevention system, improving the national awareness of disaster prevention and resistance, comprehensively improving the national comprehensive disaster prevention, mitigation and relief capacity, improving the disaster resistance of urban buildings and infrastructure, and strengthening the earthquake resistance measures of rural housing. With the promulgation and implementation of the regulations on the administration of earthquake resistance of construction projects, the state’s attention to earthquake resistance and disaster prevention and the improvement of the publicity and popularization of vibration reduction and isolation technology, and the implementation of mandatory policies, the promotion and application of vibration reduction and isolation technology will generally show an upward trend in the future. The whole industry is in a growth period and has broad market prospects. In recent years, the national and local governments have successively issued laws, regulations and industrial policies conducive to the development of seismic mitigation and isolation industry, which has laid a good institutional and policy foundation for the sustainable development of seismic mitigation and isolation industry. The vibration reduction and isolation industry has been included in the encouraged category 21 “buildings” section 1 “research and development and promotion of building vibration isolation and damping structure system and products” by the national development and Reform Commission in the Guiding Catalogue for industrial structure adjustment (2019 version), which belongs to the encouraged industry of the state.
3. Improve product standards and promote standardization of testing
Considering that the quality of vibration reduction and isolation products is related to the safety of building structures, it is particularly important to strive to improve the product quality standards and ensure the reliability and safety of the quality of vibration reduction and isolation products. The company and China State Construction Engineering Corporation Limited(601668) Academy of Sciences jointly undertook the 2014 special project of the Ministry of housing and urban rural development “Research on the quality inspection of vibration reduction and isolation Engineering”, which provides technical research support for improving the inspection of vibration reduction and isolation products, improving the quality of vibration reduction and isolation products, standardizing and unifying industry standards. With the company’s high brand awareness and high market share in the industry, the company plans to further promote the formulation and improvement of national standards, local standards and industrial standards, so as to gradually improve the product quality standards and gradually form orderly competition in the industry. The construction industry standard “building isolation rubber bearings” (JG / t1182018) prepared by the company has been implemented since December 1, 2018, and the product quality requirements have been improved. The implementation of this industry standard will provide a basis for improving the product standard in the revision of local standards and national standards in the future.
4. Development of calculation method of economic benefit of seismic reduction and isolation technology
From the perspective of macroeconomic investment, the use of seismic reduction and isolation design can improve the seismic capacity of buildings, improve the land utilization rate, and have obvious comprehensive economic benefits. From the short-term and direct investment analysis, the use of isolation technology can reduce the beam column section and increase the use area of the house. However, at present, the company is lack of data that can accurately calculate the economic benefit difference between vibration reduction and isolation and non vibration reduction and isolation buildings, as well as practical cases that can explain the long-term economic benefits of vibration reduction and isolation technology, so it can not well analyze the economic benefits of vibration reduction and isolation products. Therefore, the company will develop special calculation software or adopt reasonable methods to calculate the direct economic benefits of seismic mitigation and isolation products, sort out the cases of seismic mitigation and isolation buildings that have withstood the test of earthquake, and analyze the long-term economic benefits.
5. Technical exchange and cooperation
The company regularly promotes and reduces the seismic isolation technology with the competent construction department and the design institute
