Jiangsu Azure Corporation(002245) summary of 2021 annual report securities code: Jiangsu Azure Corporation(002245) securities abbreviation: Jiangsu Azure Corporation(002245) Announcement No.: 2022014 Jiangsu Azure Corporation(002245) summary of 2021 Annual Report
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 of non-standard audit opinions □ 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 reviewed by the board of directors √ applicable □ not applicable whether to convert accumulation fund into share capital □ yes √ no the company's profit distribution plan of common stock reviewed and approved by the board of directors is: Based on the total share capital on the date of equity registration of the announcement of profit distribution in 2021, Distribute cash dividend of 0.70 yuan (including tax) to all shareholders for every 10 shares, and give bonus shares of 0 share (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 Jiangsu Azure Corporation(002245) stock code Jiangsu Azure Corporation(002245)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Lin Wenhua, Wu Xiangyang
Office address: 456 Jintang West Road, Zhangjiagang City, Jiangsu Province 456 Jintang West Road, Zhangjiagang City, Jiangsu Province
Fax: 051258161233
Tel: 051258161276
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
In 2021, all colleagues of the company worked hard with one heart and one mind. Around the annual business plan, they put pressure on themselves and overcome difficulties. The lithium battery business, as the focus of the company's strategic development, continued to maintain a high-speed development trend. The transformation of LED business from general lighting field to backlight field also achieved initial results, and the overall performance of the company continued to grow rapidly. During the reporting period, the company achieved a total operating income of 66804921 million yuan, an increase of 57.80% over the same period of last year; The operating profit was 8294301 million yuan, a year-on-year increase of 133.24%; The net profit was 7097101 million yuan, a year-on-year increase of 152.57%; The net profit attributable to the shareholders of the listed company was 67012100 yuan, an increase of 141.09% over the same period last year. 1. Lithium battery business
During the reporting period, affected by the superposition of the dual trends of "cordless and domestic substitution", the market demand growth rate of high-quality ternary cylindrical lithium battery was much higher than expected, and the growth sustainability was determined. As a representative enterprise of high-quality products of small power lithium batteries in the world, Jiangsu Tianpeng has been subject to capacity bottlenecks, and capacity construction has become the top priority in 2021. During the reporting period, the company made every effort to promote the construction of Zhangjiagang phase II project. It was gradually put into operation in the fourth quarter of 2021 and entered the stage of capacity climbing. It is expected that the output of lithium batteries of the company will reach 700 million in 2022; At the same time, the company invested in the new lithium battery production project in Huai'an City. Huai'an factory phase I project is also under construction as planned and has been realized at present
Jiangsu Azure Corporation(002245) 2021 annual report abstract the plant has been capped and entered the decoration stage. It is expected to be put into operation in the fourth quarter of 2022, and the annual capacity of lithium batteries of the company will reach 1.25 billion after reaching the production capacity; The construction of phase II project of Huai'an factory is also being promoted.
Facing the rapid growth of the overall demand of the lithium battery industry, Jiangsu Tianpeng has always been the key customer of the material supplier through long-term cooperation and good reputation, and the supply of raw materials has been fully guaranteed.
During the reporting period, the price of lithium battery raw materials represented by lithium carbonate continued to rise. The company responded positively and took multiple measures to maintain a relatively stable gross profit margin by raising the sales price, conducting cost transmission, improving production efficiency, reducing unit cost and improving product structure.
During the reporting period, Jiangsu Tianpeng adhered to the concept of providing high-end products and serving high-end customers, and the customer structure was continuously optimized. Relying on the company's product performance, brand advantages and good service in the field of high rate battery segmentation, Jiangsu Tianpeng has continuously strengthened mutual trust with Bosch, Stanley Black & Decker, TTI, Makita, Metabo, einhill and other international well-known brands. Jiangsu Tianpeng has gradually become a reliable and important supplier, and the order volume continues to grow rapidly.
At the same time, with the rapid growth of Jiangsu Tianpeng's operating revenue and operating performance, the investment capacity of R & D resources has also increased rapidly. The company has gradually built a perfect R & D system, improved R & D capacity, paid equal attention to basic research and key product research, and kept track of the latest lithium battery technology. Jiangsu Tianpeng has formed a multi echelon product R & D reserve to ensure that the company's products will remain competitive in the future, and has made technology and product reserves for the expansion of broader application fields in the future. During the reporting period, the company has launched a series of 21700 high magnification products.
During the reporting period, the company's lithium battery business revenue was RMB 2.674 billion, with a year-on-year increase of about 2.674 billion.
Jiangsu Tianpeng achieved a net profit of about 537 million yuan. The net profit contribution of lithium battery business ranks first in all businesses of the company, accounting for nearly 80% of the net profit attributable to shareholders of listed companies.
2. Led service
During the reporting period, the LED business unswervingly and continuously promoted the transformation of the company's products from the field of general lighting to the field of backlight, and achieved remarkable results. During the reporting period, the sales volume of backlight products increased by about 400% compared with that in 2020, and the overall revenue accounted for about 20%.
In terms of technology R & D and products, the company has continued to invest in R & D, formed a number of industry advanced processes and applied for a number of patents. The technical level and yield have continued to improve, forming a highly competitive medium and high-end product system in the field of (mobile phone / TV) backlight, plant lighting / LED lamp high-end lighting, especially the large-size flip chip technology is at the first-class level in China. The company's miniled products have gradually entered many well-known terminal manufacturers and began to ship stably.
In terms of customer development and service, in order to better get close to the market and serve customers, the company has newly established and optimized product management, market development and key customer management departments. With excellent products and reliable services, the company has gradually been recognized by end customers.
In terms of capacity allocation and manufacturing, in order to better develop and manufacture high-end backlight products such as miniled and improve production efficiency, the company eliminated some idle and old epitaxial wafer production equipment purchased earlier that did not have the economy to continue large-scale production and use, and gradually purchased new MOCVD equipment with better performance, optimized capacity allocation and provided technical and capacity guarantee for the improvement of performance. At the same time, as one of the few LED chip enterprises in the industry with a complete industrial chain extending from substrate cutting, grinding and polishing, PSS and epitaxial chips to LED chips, the company pays attention to the advantages of integrated industrial chain collaborative development and production, continuously optimizes the coordinated allocation of vertical production capacity, increases the proportion of self-produced substrates, reduces the overall cost and improves the performance of final products.
During the reporting period, the overall operating revenue of LED business increased by about 49.30% year-on-year, the average price of products continued to increase, and the performance was turned from loss to profit.
3. Metal logistics and distribution business
The metal distribution company has maintained a leading position in the industry for a long time. During the reporting period, with the adjustment and optimization of the equity structure of the metal business in the previous year, the enthusiasm of the core personnel was greatly stimulated. The whole metal business team was full of vitality and high morale. In addition, the optimization and transformation of the digital and intelligent business system achieved initial results, the service response speed and service quality continued to improve, and the overall business was in a good state of development.
During the reporting period, the company's downstream of metal logistics and distribution had good customer demand in ICT, auto parts and other fields, and its business performance improved steadily. 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
By the end of 2021, by the end of 2020, by the end of 2019 compared with the end of last year
reduce
Total assets 972249020992716440108300 35.71% 691011834037
Net assets attributable to shareholders of listed companies 356814441758258814934380 37.86% 209095586800
20212020 year-on-year increase or decrease 2019
Operating income 668049208322423359148031 57.80% 348063499763
Net profit attributable to shareholders of listed company 6701221450727795187293 141.09% 11761162728
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 58263916153, 1849 Zhejiang Youpon Integrated Ceiling Co.Ltd(002718) 6, 215.11% and 2360225838
Net cash flow from operating activities 5345006573032746875398 63.22% 67084904498
Jiangsu Azure Corporation(002245) 2021 annual report summary
Basic earnings per share (yuan / share) 0.6508 0.2832129.80% 0.1199
Diluted earnings per share (yuan / share) 0.6508 0.2832129.80% 0.1199
Weighted average return on net assets 21.04%, 12.35%, 8.69%, 5.31%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income: 1463492842
