6 Eternal Asia Supply Chain Management Ltd(002183) disclosed the annual report of 2021 on 25 March. During the reporting period, the company achieved an operating revenue of about 5.508 billion yuan, a year-on-year increase of 23.61%; The net profit was about 152 million yuan, a year-on-year decrease of 11.78%; The net cash flow from operating activities was about 260 million yuan, a year-on-year decrease of 40.16%; The net assets attributable to the parent company were about 3.041 billion yuan, with a year-on-year increase of 39.36%; The basic earnings per share is 0.39 yuan. The distribution plan for 2021 is: it is proposed to pay a cash dividend of 1.05 yuan (including tax) for every 10 shares.
According to the financial report, in 2021, the company’s operating revenue was 5.508 billion yuan and the operating cost reached 4.928 billion yuan. The company said that since the beginning of the year, the prices of pig iron, steel and other large raw materials have continued to increase, increasing the material cost, resulting in a decline in the gross profit margin of products, resulting in a decline in net profit, basic earnings per share and net cash flow from operating activities.
In terms of products, the operating revenues of engines, plastic pipes and automobiles were 5.311 billion yuan, 103 million yuan and 55 million yuan respectively; The gross profit margin was 10.33%, 11.66% and 3.82% respectively. In terms of expenses, sales expenses, management expenses and accounting expenses are 999167 million yuan, 135 million yuan and – 6.9019 million yuan respectively; The R & D cost is 181 million yuan..
From the perspective of major sales customers, the sales volume of the top five customers is 3547845 million yuan, accounting for 64.41% of the total annual sales; During the reporting period, the proportion of sales to a single customer exceeds 50% of the total. There are new customers among the top five customers or they are heavily dependent on a few customers.
In terms of major non equity investments, by the end of 2021, the total investment of the company was about 851 million yuan. Among them, the amount of national six series engine intelligent manufacturing construction (phase II) project is about 401 million yuan; The upgrading and transformation project of green casting is about 314 million yuan; The construction project of hydrogen fuel cell intelligent manufacturing is about 136 million yuan.
During the reporting period, the company established three new subsidiaries, namely Wuhan chujieda Automobile Sales Service Co., Ltd., Hubei Shangqi Automobile Sales Service Co., Ltd. and Anhui Oubo Pipe Technology Co., Ltd; Two companies were cancelled, namely Wuhan aoju Automobile Trading Co., Ltd. and Wuhan jincosmic Automobile Trading Co., Ltd; Disposal of Wuhan Quanxin Tiancheng Automobile Sales Service Co., Ltd.
The company said that with the implementation of the national six standards for automobiles and the approach of the national four standards for non road vehicles, mainstream automobile enterprises and non road host enterprises speed up internal supporting, have higher and higher requirements for product quality, price and performance, and the market competition is becoming more and more fierce; The company will continue to focus on the main business of engine, accelerate technological upgrading, enhance core competitive advantages, and innovate and develop its own brand.
