Sihui Fuji Electronics Technology Co.Ltd(300852) 2021 annual report summary
Securities code: Sihui Fuji Electronics Technology Co.Ltd(300852) securities abbreviation: Sihui Fuji Electronics Technology Co.Ltd(300852) Announcement No.: 2022026 Sihui Fuji Electronics Technology Co.Ltd(300852) 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. 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
The audit opinion of Tianzhi International Certified Public Accountants (special general partnership) on the company’s financial report this year is: standard unqualified opinion. Tips of 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 ordinary shares or the plan of converting accumulation fund into share capital in the reporting period reviewed by the board of directors √ applicable □ not applicable the profit distribution plan of ordinary shares reviewed and adopted by the board of directors is: Based on the total share capital registered on the equity registration date when the equity distribution of the company in 2021 is implemented, Distribute cash dividend of 3.30 yuan (including tax) to all shareholders for every 10 shares, send 0 bonus shares (including tax), and transfer 0 shares to all shareholders for every 10 shares 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 Sihui Fuji Electronics Technology Co.Ltd(300852) stock code Sihui Fuji Electronics Technology Co.Ltd(300852)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name Huang Qianyi he Xiaoguo
Office address: Sihui electronic products, Xiamao Town, Sihui City, Zhaoqing City, Guangdong Province
Industrial base 2 industrial base 2
Fax: 07583527308
Tel: 07583106018
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
The company’s main business is the R & D, production and sales of printed circuit boards (PCBs), and the main business has not changed since its establishment. The company focuses on the manufacturing of small, medium and large quantities of printed circuit boards. With the market positioning of “small, medium and large quantities, high quality, high reliability, short delivery period and rapid response”, the products are widely used in industrial control, automotive electronics, transportation, communication equipment, medical devices and other fields. As a national high-tech enterprise, the company has been recognized by Zhaoqing enterprise technology center, Zhaoqing Engineering Technology Research Center, Guangdong high reliability circuit board design and manufacturing engineering technology research center and Guangdong Enterprise Technology Center, and has accumulated rich experience in the field of high reliability printed circuit board R & D and production.
The downstream application fields of the company’s products are mainly industrial control and automotive electronics, accounting for about 80% of the total revenue, including industrial control and automotive electronics
Sihui Fuji Electronics Technology Co.Ltd(300852) 2021 annual report summary
20%, compared with consumer electronics, due to the harsh service environment and long service time, it requires high long-term reliable stability of PCB. The company has been deeply engaged in PCB quality and technology for more than ten years, and enjoys a high reputation in the field of industrial control and automotive electronics, which pay more attention to quality and long-term stability. Automotive electronics customers are mainly Japanese, which are indirectly applied to Toyota, Honda, Nissan and other auto enterprises through EMS company. And through strategic cooperation with CMK, enter the production of important safety components of automotive electronics and supply new energy vehicle enterprises represented by Xiaopeng through EMS. According to prismark data, the demand for automotive electronics rebounded rapidly in 2021, but the rebound momentum was suppressed due to the core shortage event. As the chip supply tends to be normal, it is expected that automotive electronics will usher in rapid growth in 2022. In addition, national policies strongly support the upgrading and transformation of the manufacturing industry and promote the development of the industry in the direction of automation and intelligence. The market performance of industrial control in 2021 is strong, The 13th five year plan for the development of national strategic emerging industries issued by the State Council states: “promote the construction of Siasun Robot&Automation Co.Ltd(300024) automatic production lines, digital workshops and intelligent factories with independent intellectual property rights, provide overall solutions for key industries, and promote the intelligent transformation of traditional manufacturing industries”. The promotion of these policies will open up sustainable growth space for the downstream market.
(I) the raised investment project is put into operation, and the whole process service pattern tends to be complete
In order to meet the incremental demand of customers, in 2021, the company accelerated the construction progress of raised investment projects and completed the full line of production in September 2021 to meet the rapidly increasing demand for large quantities of automotive products. In order to meet the demand for PCBA from industrial control customers with multi varieties and small batches, the PCBA (Phase V) plant planned by the company is expected to complete the single line trial production in March 2022. Phase I and phase II plants with small batch and Allegro, phase III plants with medium and large batch, phase IV plants with high multi-storey and HDI, and phase V PCBA plants with small batch circuit board mounting constitute a comprehensive and rapid production pattern of model, small, medium and large batch, provide customers with whole process services from model design, production and patch, and further enhance cooperation and contact with customers.
Taking customers as the center and creating value for customers as the purpose, relying on the platforms of Guangdong engineering technology center and Guangdong Enterprise Technology Center, the company actively carries out R & D activities, continues to invest in R & D, and develops various high value-added and difficult special circuit boards, such as metal based circuit boards, rigid flex combination boards, arbitrary layer interconnection, miniled boards, etc., so as to provide technical support for the company’s continuous expansion of high-end customers at home and abroad.
(II) continue to invest in innovation, build a high-quality target company with high-quality circuit boards, further meet the needs of customers, and establish a good communication mode with the customer’s R & D team through Wuxi Online Offline Communication Information Technology Co.Ltd(300959) the relevant technical difficulties involved in PCB production are optimized at the beginning of the design, so as to reduce the difficulty of PCB manufacturing on the one hand, save the cost of customers on the other hand, and implement the concept that good quality is the design. Through continuous R & D and innovation, the company applied for 15 patents in the reporting period, including 12 invention patents and 3 utility models. It has achieved certain results in the special circuit board represented by metal base, and basically realized the full coverage of PCB products such as HDI board, thick copper board, metal substrate, rigid flexible bonding board and high-frequency high-speed board.
Through the full production of small, medium and large-scale production plants differentiated by single product order volume, the full line mass production of ordinary and special PCBs differentiated by low, medium and high product categories, and the construction of the whole process service system from PCB R & D, manufacturing and practical installation (PCBA), each production factory has a clear positioning and organic unity, and is committed to becoming a reliable PCB solution supplier for customers.
(III) continue to cultivate Japanese customers and vigorously expand the Chinese market
The company deeply cultivates the PCB small and medium batch board market of “paying more attention to quality”, takes “high quality, high reliability, short delivery time and rapid response” as the market positioning, and accumulates a large number of high-quality customers mainly from Japan. In order to better explore the overseas market, the company incorporated Sihui Fuji Electronics Technology Co.Ltd(300852) Electronics (Hong Kong) Co., Ltd. in April 2021. In order to open the automobile PCB market and cut into the high value-added automobile PCB track dominated by important safety parts, the company signed the strategic cooperation agreement with Japan CMK group, which is famous for automobile PCB, in August 2021.
The company focuses on small and medium-sized batches, needs a highly flexible production line that needs to be quickly switched, and has high requirements for the quality and stability of personnel due to the long-term technical accumulation on the production site. The company’s employees are mainly local personnel. Compared with the cities dominated by migrant workers in the Pearl River Delta, the personnel turnover rate is low and the stability is strong, which is conducive to the accumulation and inheritance of experience and technology, and is in line with the strategy of high-quality driven development. The company actively carried out Chinese customers similar to the business scope of existing customers. During the reporting period, the number of Chinese customers increased by 143, a year-on-year increase of 60.67%. The new customers are mainly industrial control and automotive electronics customers, who benefit from the intelligent upgrading and the rapid penetration of new energy vehicles. Through the release from model to mass production orders, they will become the order source for the steady growth of the company. 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 1376881940 Western Region Gold Co.Ltd(601069) 14654672 28.78% 48095003663
Net assets attributable to shareholders of listed companies 10398382487987824532300 18.40% 35455494418
20212020 year-on-year increase or decrease 2019
Operating income 10496913890965021042832 61.44% 47915981252
Net profit attributable to shareholders of listed company 1842442057912046823472 52.94% 8779948007
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 17210008442, 11242055864, 53.09% and 8142944265
Net cash flow from operating activities 1554043984111702921670 32.79% 8722349303
Sihui Fuji Electronics Technology Co.Ltd(300852) 2021 annual report summary
Basic earnings per share (yuan / share) 1.81 1.38 31.16% 1.15
Diluted earnings per share (yuan / share) 1.81 1.38 31.16% 1.15
Weighted average return on net assets 18.70% – 20.96% – 2.26% – 28.26%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter
