Securities code: Wuhu Conch Profiles And Science Co.Ltd(000619) securities abbreviation: Wuhu Conch Profiles And Science Co.Ltd(000619) Announcement No.: 202211 Wuhu Conch Profiles And Science Co.Ltd(000619) 2021 annual report summary I. important tips: the summary of this annual report is 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. Tips on non-standard audit opinions □ 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 considered by the board of directors □ applicable √ not applicable. The company plans not to distribute cash dividends, bonus shares or convert accumulation fund into 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 Wuhu Conch Profiles And Science Co.Ltd(000619) Stock Code: Wuhu Conch Profiles And Science Co.Ltd(000619)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Wang Tao, Huang Fei
Office address: No. 38, Gangwan Road, economic and Technological Development Zone, Wuhu City, Anhui Province
Fax: 05535965933
Tel: 0553596595105535965909
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
1. Industry of the company during the reporting period
In recent years, the company has earnestly implemented the national new development concept, complied with the national policy guidance of building energy conservation and environmental protection, adhered to the road of green and low-carbon development, and built a dual main business development pattern of new green building materials and environmental protection new materials.
(1) New green building materials
Saving resources and protecting the environment are China’s basic national policies. The 19th CPC National Congress clearly proposed to accelerate the reform of the ecological civilization system, build a beautiful China, and promote the comprehensive conservation and recycling of resources. Building energy conservation is an important part of energy conservation and emission reduction. The state has successively promulgated the regulations on energy conservation of civil buildings and regulations on energy conservation standards for residential buildings in China’s severe cold and cold areas, hot summer and cold winter and hot summer and warm winter areas, revised the energy conservation design standards for public buildings, comprehensively promoted building energy conservation, and gradually increased the energy conservation standards for new buildings from 50% to 65%. Jiangsu, Hebei, Henan, Shandong, Xinjiang, Jilin, Heilongjiang and other provinces and autonomous regions have successively revised and issued the design standard for energy efficiency of residential buildings to implement the design standard of 75% energy efficiency of buildings. On January 1, 2021, Beijing officially implemented the energy-saving standard of 80% residential buildings, requiring that the heat transfer coefficient of external windows should not be greater than 1.1W / ㎡ · K. Beijing’s fifth step residential building energy-saving standard has been far ahead of the country in the energy-saving of building external windows, and will play an exemplary role in the country. The general code for building energy conservation and renewable energy utilization will be implemented from April 1, 2022. The average design energy consumption level of new residential buildings and public buildings will be reduced by 30% and 20% based on the energy-saving design standards implemented in 2016. On October 26, 2021, the State Council issued the action plan for reaching the peak carbon by 2030, which defined the action for reaching the peak carbon in urban and rural construction, promoted green low-carbon building materials and green construction methods, and fully implemented the green building standards for new urban buildings by 2025. According to the statistical data, China State Construction Engineering Corporation Limited(601668) energy consumption accounts for about 21% of the total social energy consumption, while the building energy consumption lost through doors and windows accounts for more than 50%. The improvement of key indicators of door and window standards helps to achieve the strategic goal of “carbon peak and carbon neutralization”. It is a response to the central government’s requirements on establishing the authority of engineering construction standards. It is not only an urgent need for the transformation and upgrading of the construction door and window industry, but also an important concern of the people to improve the comfort of buildings. The plastic profile is a multi cavity structure with good heat insulation performance. The plastic doors and windows made of plastic profile have obvious advantages of energy conservation and environmental protection in the process of production, use and recycling.
Plastic profile industry is one of the subdivided industries directly related to the real estate industry. Since it was launched in China in the mid-1990s, after more than 20 years of development, it has become a fully competitive and mature industry. At present, the overall production capacity of the plastic profile industry exceeds demand, the market competition is fierce, and the demand for industry integration is expected to be strong. Based on the competitive pressure and the survival needs of the industry, the development of the industry has gradually shifted from single product R & D to multi-functional high-end door and window system R & D, and a certain breakthrough has been made. The general technical conditions for system doors and windows will be implemented on November 1, 2021, which will further guide the healthy development of building doors and windows industry. With the gradual improvement of national building energy-saving standards and the increase of high-end personalized customer demand, the market competitive advantage of door and window systems provided by large brand enterprises will further appear. The proposal of the Central Committee of the Communist Party of China on formulating the 14th five year plan for national economic and social development and the long-term objectives for the year 2005 clearly stipulates that the state will implement Rural Revitalization and new urbanization, which will further enhance the market demand of counties, townships and cities. In the future, China’s stable economic development, the transformation of old urban communities, the construction of affordable rental housing and medical education projects, and the continuous improvement of China State Construction Engineering Corporation Limited(601668) energy-saving standards will bring opportunities for the development of energy-saving building materials products such as plastic profiles, doors, windows and floors.
(2) New environmental protection materials
SCR denitration catalyst is the key technology to control the emission of nitrogen oxides (NOx). It has the advantages of high denitration rate, good selectivity, low ammonia escape, maturity and reliability. It is an important means of air pollution prevention and belongs to green environmental protection products.
During the 14th Five Year Plan period, China’s ecological civilization construction entered a key period of focusing on carbon reduction, promoting the synergy of pollution and carbon reduction, promoting the comprehensive green transformation of economic and social development, and realizing the improvement of ecological environment quality from quantitative to qualitative. Air pollution control is still the key direction of China’s environmental protection work.
At present, the overall scale of China’s environmental protection industry is gradually expanding, the industrial field is expanding, and the overall level is improving. The opinions of the CPC Central Committee and the State Council on deepening the battle of pollution prevention and control pointed out that on the basis of ultra-low emission control of coal-fired power plants, efforts should be made to promote the transformation of ultra-low emission of enterprises in iron and steel, cement and coking industries, and achieve ultra-low emission of iron and steel, coal-fired units and coal-fired boilers in key areas. By 2025, the total emission of volatile organic compounds and nitrogen oxides will be reduced by more than 10% respectively compared with 2020.
In recent years, China has paid more and more attention to the treatment of nitrogen oxides in flue gas and tail gas. SCR denitration technology, as an efficient denitration technology, has always been the key technology studied by Chinese universities and scientific research institutes. SCR denitration technology has been widely used in the thermal power industry. With the implementation of atmospheric emission policies and environmental protection enterprise rating policies in iron and steel industry, building materials industry and chemical industry in early 2021, In the future, SCR denitration catalyst will face great market opportunities in the promotion of non electric fields such as iron and steel (such as steel rolling, sintering, lime, coking and electric furnace), building materials (such as cement, glass, ceramics and refractories), chemical industry, carbon, alumina and non-ferrous metals. At present, carbon reduction and resource utilization are also the national key strategic direction, and the regeneration and recovery of denitration catalyst will also have a relatively large market prospect.
During the reporting period, the company’s main business, business model and industry status have not changed significantly.
2. Main businesses of the company during the reporting period
(1) New green building materials
In the field of new green building materials, the company is mainly engaged in the production, sales and scientific research and development of medium and high-grade plastic profiles, doors and windows. Its products include white, color, wood grain co extrusion, wood plastic composite and film covered profiles, as well as system doors and windows, passive windows, silent windows, fire-resistant windows, rolling shutters, shutters, etc. it is mainly used for door and window processing and house decoration. It has excellent energy-saving performance and can effectively reduce building energy consumption, Reduce carbon emissions and lead the green and low-carbon development of the industry. In recent years, the company has complied with the direction of national supply side structural reform, earnestly implemented the new development concept, actively adjusted the industrial layout, and successively developed green environmental protection products such as ecological floor, home decoration pipe, furniture board and ecological door. It has the performance characteristics of zero formaldehyde, super wear-resistant, waterproof and moisture-proof, fireproof and flame retardant, simple installation and easy maintenance. It is widely used in hospitals, schools, hotels and home decoration, and has a broad market prospect.
Conch aluminum and Cecep Solar Energy Co.Ltd(000591) photovoltaic materials are one of the key industries developed by the company in recent years. The company’s new aluminum profile can be used to make Cecep Solar Energy Co.Ltd(000591) photovoltaic power generation supporting materials such as high-end energy-saving system doors and windows, photovoltaic modules, photovoltaic frame and photovoltaic support. At the same time, the company’s mold products are one of the well-known brands in the industry. A full set of imported equipment and processing technology from Germany and Austria have been successfully exported to Austria, Russia, Poland and other countries.
(2) New environmental protection materials
In the field of new environmental protection materials, SCR denitration is the most critical technology to control the emission of nitrogen oxides (NOx) and an important means of air pollution prevention. The company is mainly engaged in the R & D, design, manufacture and sales of SCR honeycomb catalyst and flat catalyst, as well as the regeneration, recycling and reuse of denitration catalyst. At the same time, it also provides denitration related business and technical consulting services. The company’s SCR denitration catalyst products cover the temperature range of 180420 ℃, Honeycomb catalyst has 9-40 hole products with various specifications, and also has functional catalysts such as combined mercury and dioxin removal. The products are mainly used for flue gas denitration in the fields of electric power and steel, and are gradually promoted in non electric fields such as cement, biomass power generation, glass, metallurgy, chemical industry, non-ferrous metals, waste incineration and so on.
The company provides an integrated solution for the R & D, manufacturing, sales, after-sales and regeneration services of SCR denitration catalyst. The catalyst generally has a service life of 2-3 years and needs to be replaced regularly. The company adopts a marketing mode combined with the owner’s new / replacement direct sales and EPC company, and implements product life-cycle management according to market demand. 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
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 550224147900476388061300 15.50% 405022916986
Net assets attributable to shareholders of listed companies 2 Chengdu Jafaantai Education Technology Co.Ltd(300559) 9207248480404170 – 7.42% 2469173785
20212020 year-on-year increase or decrease 2019
Operating income 485358531661390796351352 24.20% 361427952800
Net profit attributable to shareholders of the listed company -143459241953235944490% – 543.33% 11 Tianjin Realty Development (Group) Co.Ltd(600322) 55
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of -10475570831, 384735031 -282280% – 4012960897
Net cash flow from operating activities -94666922946138962547 – 254.21% 17212856994
Basic earnings per share (yuan / share) -0.3985 0.0899 -543.33% 0.0322
Diluted earnings per share (yuan / share) -0.3985 0.0899 -543.33% 0.0322
The weighted average return on net assets was -6.00% and 1.31%, with a year-on-year decrease of 7.31 percentage points
