Securities code: Shenzhen Topband Co.Ltd(002139) securities abbreviation: Shenzhen Topband Co.Ltd(002139) Announcement No.: 2022018 Shenzhen Topband Co.Ltd(002139) 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. 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 1256978072, distribute cash dividend of RMB 0.50 (including tax) to all shareholders for every 10 shares, 0 bonus shares (including tax) will be given, and the capital stock will not be increased with the accumulation fund. If the total share capital of the company changes due to share repurchase, stock option exercise and other reasons before the implementation of the profit distribution plan, the total distribution amount will be adjusted accordingly according to the principle of unchanged distribution proportion per share. 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 Shenzhen Topband Co.Ltd(002139) stock code Shenzhen Topband Co.Ltd(002139)
Shenzhen Stock Exchange
Contact person and contact information: Secretary of the board of directors
Name: Wen Zhaohui
Office address: Tuobang Industrial Park, Tangtou Avenue, Shiyan Town, Bao'an District, Shenzhen
Fax: 075526957440
Tel: 075526957035
E-mail [email protected].
2. Introduction to main business or products during the reporting period
(I) industry of the company during the reporting period
1. Basic information of the industry
Intelligent controller is a high-tech product with automatic control technology and computer technology as the core and integrating many technical categories such as sensing technology, microelectronics technology and power electronics technology. It plays the role of "nerve center" and "brain". Intelligent controller applications cover all walks of life, mainly used in household appliances, smart homes, smart buildings, power tools, industry and automation, automotive electronics, new energy and medical equipment. In recent years, intelligent control technology has been continuously integrated with new technologies such as 5g, Internet of things, artificial intelligence and cloud computing. All kinds of products have accelerated iteration, the degree of intellectualization has been continuously upgraded, new products, new formats and new models have continued to emerge, and the development prospect of intelligent controller industry is better.
2. Industry status
As the world's leading provider of intelligent control solutions, the company focuses on the field of intelligent control, adheres to the value concept of "agile innovation partner", drives the development of the company with technological innovation, and has formed a comprehensive technical system of "four electricity and one network" (electronic control, motor, battery, power supply and Internet of things platform), which is oriented to home appliances, tools, new energy, industry, intelligent solutions and other industries, Provide customized intelligent control solutions for downstream customers. With the three unique abilities of "platform technology innovation ability, partner customer service ability and systematic rapid response ability" as the core, the company keeps forging ahead and has established close cooperative relations with a large number of industry leading customers. At present, the company has become the leader of intelligent control solutions in household appliance and tool industries and the innovation leader of new energy, industry and intelligent solutions.
(II) main businesses of the company during the reporting period
The company's main business is the R & D, production and sales of intelligent control system solutions, that is, taking the "four electricity and one network" technology of electronic control, motor, battery, power supply and Internet of things platform as the core, the company provides various customized solutions for home appliances, tools, new energy, industry, intelligent solutions and other industries. The company is the world's leading provider of intelligent control solutions, the leader of intelligent control solutions in household appliances and tools industry, and the innovation leader of new energy, industry and intelligent solutions.
1. The company's core technology: "four electricity and one network", namely electronic control, motor, battery, power supply technology and Internet of things platform.
1.1 electric control technology. Electronic control technology is a technology to realize intelligent control with microcomputer as the core, including sensing technology, power electronics technology, signal processing technology, communication technology, interaction technology, power and energy conversion technology, electromagnetic compatibility and so on. The company has formed hundreds of electronic control technology platforms, which can fully cover the needs of products in four industries.
1.2 motor technology. Motor technology is a technology that converts electric energy into kinetic energy. The company has formed dozens of advanced motor technology platforms around various types of motors such as brushless DC motor (BLDC), stepping motor and servo motor. Among them, the company is at the leading level in China in the field of tool motor and motion control. Motion control refers to the real-time control of the position, speed and direction of mechanical moving parts to make them move according to the expected motion trajectory and specified motion parameters. The motion control system is generally composed of human-computer interface, controller, driver and motor. It is the core component of intelligent manufacturing equipment and the premise and foundation of intelligent manufacturing.
Battery technology. Battery technology is the technology of energy storage and management. Its core technologies include battery material application technology, cell design and manufacturing technology and battery system integration technology. Battery material application technology includes positive and negative materials, electrolyte, diaphragm and other related application technologies; The design and manufacturing of cell monomer includes electrochemical architecture design, coating, lamination / winding, chemical formation and other manufacturing technologies; Battery system integration includes a series of technologies such as battery matching, thermal management, collision and leakage safety, accurate measurement of voltage / current / temperature and other signals, battery state estimation and cell equalization. This technology spans many fields of material science, electrochemistry, electronics and control engineering. After years of accumulation, the company has formed a complete design, development, customization and production technology capacity from cell technology (cell), battery management technology (BMS) to battery pack (pack) system.
1.4 power supply technology. Power supply technology is a kind of power conversion technology, which transforms the front-end input into the output required by the load safely, efficiently and intelligently. The company has different power levels and various types of analog power supply, switching power supply and digital power supply technology platforms, and can provide charging, inverter and various customized power supply solutions.
1.5 Internet of things platform. Internet of things platform is a technology integrating perception layer, connection layer and application layer, mainly including connection management, device management and application. The company has formed complete technical capabilities from Internet of things module and intelligent terminal to app and PAAS Internet of things platform, and formed solutions for more than ten business scenarios.
2. The company's main products: provide customized system solutions for the five industries of "home appliances, tools, new energy, industry and intelligent solutions".
2.1 household appliances
The company provides customized services for brand customers in the home appliance industry from product concept, design, development to manufacturing and delivery. Products include home appliance master control, power control, motor drive and control, display control, etc.
2.2 intelligent control of tools
The tool industry mainly includes electric tools, garden tools and other professional tools. The company provides customized services for brand customers in the tool industry from product concept, design, development to manufacturing and delivery. Its business scope covers electronic control, motor and battery. The product form includes not only controller, but also module and complete machine.
2.3 new energy business
The new energy business mainly focuses on the two application fields of energy storage and green travel. It provides products and system solutions including inverter, battery cell, battery management system, battery pack, power exchange cabinet, pack, motor control and so on for the fields of communication base station energy storage, household energy storage, two or three wheeled vehicles, other special vehicles, new energy vehicles, Internet of things and so on.
2.4 industry
In the industrial control industry, the main business is R & D, production and sales of stepping and servo drive and control products, focusing on special industrial intelligent control solutions. The company mainly provides controllers, drives and motors for downstream automation equipment customers, which are widely used in 3C electronics, Siasun Robot&Automation Co.Ltd(300024) , medical equipment, semiconductor equipment, textile machinery, packaging machinery, etc. It is committed to helping automation equipment manufacturers improve equipment design performance, reduce equipment manufacturing cost and speed up the development of new equipment.
2.5 intelligent solutions
Intelligent solution is a comprehensive solution of "innovative products + aiot platform + customized services" based on the company's aiot (artificial intelligence internet of things) technology platform and intelligent product innovation ability, and facing the subdivided scenes of "clothing, food, housing and transportation" and "industry, catering, hotel and Park". (III) analysis of the company's operation during the reporting period
2021 is the first year of the 14th five year plan. Scientific and technological innovation, carbon peak and carbon neutralization will be the two important factors in the next stage of economic growth. The company's intelligent control and lithium battery application businesses comply with the national economic development and have achieved rapid growth in the reporting period.
In 2021, the epidemic situation outside China was still repeated, sometimes there was a local rebound, and the impact was still not eliminated. In the face of the complex and changeable business environment such as raw material price rise and shortage under the superposition of the epidemic impact and inflation, the company's management responded actively, and seized the opportunities of intelligent upgrading, localization transfer and demand concentration by virtue of the company's accumulated product power, technological innovation and systematic management ability for many years. In the face of difficulties and challenges, we choose to share risks, benefits and long-term cooperation with customers to achieve customers, so as to create mutual prosperity and development and promote the development of an intelligent and low-carbon world.
With the efforts of all Tuobang people, the company's operating revenue has achieved a compound growth rate of 30% + in recent five years. During the reporting period, the company achieved an operating revenue of 7.767 billion yuan, a year-on-year increase of 39.69%, a net profit attributable to shareholders of listed companies of 565 million yuan, a year-on-year increase of 6.16%, and a net profit attributable to shareholders of listed companies of 432 million yuan after deduction, a year-on-year increase of 13.28%. The annual operating performance and core operating indicators in 2021 are as follows:
1. The revenue exceeded expectations and achieved the annual sales target
1.1 the expansion of intelligent scenarios has opened up the space for industry growth
With the accelerated arrival of intelligent society, the development of the industry has entered the fast lane and will be a long-term process. The application scenarios of intelligent controller continue to expand, and the downstream demand will still maintain a high prosperity. External factors such as the epidemic situation and the turbulence of the supply market may affect the rhythm of industry demand in the short term, but will not affect the sustained growth trend of the industry brought about by intelligence, low-carbon and multi regionalization. For mature businesses, we go to the front end, gain insight into market opportunities, deeply understand the needs of customers, constantly seize new opportunities and strive for more orders to ensure the scale advantage of the company; For the growth business, we continue to improve our ability, give full play to the existing advantages of the company, constantly incubate innovative products and push them to the market to achieve business success; At the same time, we continue to expand new tracks, open up new growth points, and finally achieve the long-term strategic goal. Looking forward to the future, we are confident to seize new market opportunities, continue to cultivate the intelligent control industry, lead the industry forward, and become the world's leading respected intelligent control solution provider.
1.2 exceed the expectation to achieve the annual sales target and consolidate the leading position of the company
In 2021, the epidemic situation outside China was still repeated. In the face of the complex and changeable business environment such as the rise in the price of raw materials and shortage of goods under the influence of the epidemic situation and inflation, the management of the company actively responded. According to the "supply guarantee" strategy formulated at the beginning of the year, the company seized the opportunity of intelligent upgrading and demand concentration, unswervingly implemented the five core strategies and quickly seized the market share. In 2021, the five sectors of the company achieved good growth year-on-year, The customer structure is more healthy. The number of head customers has exceeded 100, accounting for more than 80% of the company's total operating revenue, realizing the double growth of the number and volume of head customers, laying a solid foundation for the subsequent sustained and stable growth.
1.3 all business segments go hand in hand with their own characteristics
(1) Tool sector: become the largest business sector of the company. In 2021, the sales revenue reached 2.994 billion, a year-on-year increase of 43.36%. The downstream market of the tool sector is relatively concentrated, and the company has obvious advantages in this sector. It has entered the supply system of multiple head customers, and its market share has increased steadily. The product category has been expanded horizontally. In addition to electric tools, garden tools, tool lights, floor care and cleaning products have achieved rapid growth in the reporting period. The main driving force for the growth of this sector is the continuous expansion of application scenarios, the opening of incremental markets, the upgrading of technology in the stock market, and the realization of lithium electrification and cordless. It will not change the sustained growth trend of the industry due to short-term factors such as the epidemic.
(2) Home appliance sector: as the basic business of the company, it still maintains a strong growth trend and is higher than the average growth rate of the industry. In 2021, the sales revenue reached 2.959 billion, with a year-on-year increase of 37.36%. The main reason is that the development of key customers is progressing smoothly, and the number and volume of customers are increasing; Innovative products continue to emerge, such as innovative intelligent equipment, kitchen appliances, purification products, services Siasun Robot&Automation Co.Ltd(300024) and other rapid growth, opening up the growth space of the household appliance sector. In the future, for the traditional business, the company will strengthen the ability of insight into market opportunities, deeply understand the needs of customers, improve the company's resource integration ability and internal operation efficiency, and strive for more orders to ensure the scale advantage of the company; For innovative businesses, we should make use of the core advantages of technological innovation to continuously incubate innovative products and promote them to the market, so as to achieve business success and rapid growth at the same time.
(3) New energy sector: in 2021, the sales revenue reached 1.241 billion, with a year-on-year increase of 38.86%, which has become the third growth curve of the company, mainly focusing on energy storage, green travel and other fields. Relying on years of technology accumulation and stable quality assurance, we can quickly open the market with the advantages of customized solutions, which is expected to continue the trend of high growth in the future.
Energy storage: in 2021, the sales revenue reached 881 million yuan, accounting for about 70% of the new energy sector, with a year-on-year growth rate of 37.74%. The main application fields of energy storage are household energy storage, portable energy storage, communication standby power and industry and commerce
