2021
Summary of annual report
Shantui Construction Machinery Co.Ltd(000680)
two О March 2002
Securities code: Shantui Construction Machinery Co.Ltd(000680) securities abbreviation: Shantui Construction Machinery Co.Ltd(000680) Announcement No.: 2022015
Shantui Construction Machinery Co.Ltd(000680)
Summary of annual report 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Important tips
1. 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.
2. All directors personally attended the meeting of the board of directors to consider this annual report.
3. Tips on non-standard audit opinions
□ applicable √ not applicable
4. 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
Whether to increase share capital with accumulation fund
□ yes √ no
The company's profit distribution plan for ordinary shares deliberated and approved by the board of directors is: Based on the capital stock after deducting Shanghai Pudong Development Bank Co.Ltd(600000) shares of restricted shares to be repurchased and cancelled, the company will distribute cash dividends of RMB 0.15 (including tax) to all shareholders for every 10 shares, give bonus shares of 0 (including tax), and do not convert the accumulation fund into capital stock. The profit distribution plan must be submitted to the general meeting of shareholders of the company for deliberation.
5. Profit distribution plan for preferred shares in the reporting period adopted by the board of directors
□ applicable √ not applicable
2、 Basic information of the company
1. Company profile
Stock code stock code
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: yuan QingQin Xiaoli
Office address: No. 58, national highway 327, high tech Zone, Jining City, Shandong Province
Fax: 05372340411
Tel: 0537290961605372909532
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(1) Industry characteristics of the company
The industry of the company is construction machinery industry. Construction machinery industry is an important part of China's equipment industry. According to the statistics of China Construction Machinery Industry Association, construction machinery includes 20 categories, including shovel and transportation machinery, excavation machinery, concrete machinery, compaction machinery, pavement construction and maintenance machinery, hoisting machinery and aerial operation machinery. It is widely used in construction, water conservancy, electric power, roads, mines, ports and other engineering fields.
The development of construction machinery industry is highly related to macro-economy and fixed asset investment. The product market demand is greatly affected by the scale of national fixed assets and infrastructure investment. It is an investment driven industry. The prosperity of the industry is cyclical. The changes in macro policies and the growth rate of fixed asset investment will affect the demand of downstream customers of leading construction machinery enterprises, and then affect the sales of major products in the industry. The construction machinery industry has experienced many years of continuous in-depth adjustment, and the market share concentration is increasing. The industry has entered a relatively mature development stage. In 2021, the economic operation of the industry was high before and low after. Since the second half of the year, the market sales have continued to decline and the production and operation of enterprises have faced more challenges. However, the overall operation of the whole year is still high, and the economic operation of the whole year has maintained stable growth. At the same time, the positive progress of industry enterprises in development momentum and structural adjustment has achieved results, which has effectively supported the high-quality development of construction machinery industry.
At present, the concentration of construction machinery industry is increasing and the competition is fierce. It has the following characteristics: first, the industry has accelerated the application and upgrading of new technologies such as digitization, intelligence, industrial Internet, big data, new energy and 5g. Second, the market share is gradually concentrated to the leading enterprises, reflecting the characteristics of the strong and the strong. The leading enterprises seize the market with the advantages of products, channels, business models, services, scale and so on. Third, the market demand structure of construction machinery is more diversified. Fourth, leading enterprises in the industry continue to improve the strategic layout of core parts and components industries such as engines and hydraulic parts, and actively build the competitive advantage of the whole industrial chain. The overall level of China's construction machinery has been improved, the product competitiveness has been strengthened, and the gap between China and foreign developed manufacturers in core technology has been narrowed.
As far as bulldozers are concerned, they are products with strong technical barriers. The production and manufacturing presents the characteristics of multiple varieties, small batch, many parts, complex manufacturing process and so on. The entry threshold of the industry is high. From the perspective of China, bulldozer products are mainly dominated by Shantui Construction Machinery Co.Ltd(000680) and a few other enterprises. After more than 40 years of development, the company leads other manufacturers in the industry with absolute advantages.
The upstream of the construction machinery industry is mainly the steel industry, engine and related parts manufacturing industry. The impact on the construction machinery industry is mainly reflected in: 1. The price rise and fall of steel and parts will directly affect the cost of construction machinery products; 2. The quality of upstream parts will affect the quality and reliability of construction machinery products. The downstream of construction machinery industry mainly includes transportation, water conservancy, hydropower, energy, construction and other industries, which are greatly affected by the national macro-economy.
(2) Main business, main products and business model of the company
The company's main businesses and products have not changed significantly during the reporting period. The company is mainly engaged in the research, development, manufacturing, sales, leasing, maintenance and technical consulting services of construction machinery, mining machinery, farmland basic Shaanxi Construction Machinery Co.Ltd(600984) , harvesting machinery and accessories. The main business income is mainly the production and sales of bulldozers, rollers, graders, pavers, milling machines, concrete machinery, loaders and other host products, as well as core parts and components such as crawler chassis assembly and transmission parts. The main production mode is to dynamically arrange production tasks according to market forecast and reasonable inventory, and the production is organized by relevant production departments. In terms of product sales, the sales mode of main engine products is mainly agent distribution system, and the sales of parts and components is a combination of supporting and agent sales to construction machinery main engine manufacturers.
As a leading enterprise in China's bulldozer industry, the company is the first batch of well-known enterprises in the field of construction machinery listed in China.
3. Main accounting data and financial indicators
(1) Main accounting data and financial indicators in recent three years
Does the company need to retroactively adjust or restate the accounting data of previous years
□ yes √ no
Unit: Yuan
Compared with the end of last year
End of 2021 end of 2020 end of 2019
Increase or decrease (%)
Total assets 1074633248832970268655611 10.76893079819400
Net assets attributable to shareholders of listed companies 438449101924350946752325 24.93340636103556
Increase or decrease of the project from 2021 to 2020 over the previous year (%) in 2019
Operating income 915994304364709816203102 29.05640311468263
Net profit attributable to shareholders of listed company 2094749384010075442996 107.915664411129
Deduction attributable to shareholders of listed companies
217894066128653428644 151.80 -1216567087 net profit from recurring profit and loss
Net cash flow from operating activities 4265114217266664007206 -36.0240221282555
Basic earnings per share (yuan / share) 0.1480 0.081282.27 0.0457
Diluted earnings per share (yuan / share) 0.1480 0.081282.27 0.0457
Weighted average return on net assets (%) 5.12 2.91 increased by 2.21 percentage points and 1.67
(2) Quarterly main accounting data
Unit: Yuan
Project first quarter second quarter third quarter fourth quarter
Operating income 266193025160274210285157184272677219191318316828
Shares attributable to listed companies
East's net profit 9247415307612644329923048691413268766093
Project first quarter second quarter third quarter fourth quarter
Shares attributable to listed companies
East's net profit after deducting non recurring profits and losses of 10085008077, 7106141852, 1523173950, 3075082733
Net cash flow 3031029729433276775971281986128 - 23755817221
Is there any significant difference between the above financial indicators or their total amount and the financial indicators related to the quarterly report and semi annual report disclosed by the company
□ yes √ no
4. Share capital and shareholders
(1) Number of ordinary shareholders and preferred shareholders with voting rights restored and shareholding of the top 10 shareholders
Unit: shares
Total number of common shareholders at the end of the reporting period 90277 total number of common shareholders at the end of the month before the disclosure date of the annual report 89334
Shareholding of top 10 shareholders
Shareholding ratio holding limited sale article pledge or freezing shareholder name shareholder nature (%) number of shares held
Number of shares in status
State owned legal person of Shandong Heavy Industry Group Co., Ltd. 24.26364399684183787285
Weichai Power Co.Ltd(000338) state owned legal person 15.76236705 Hongta Securities Co.Ltd(601236) 705601
Hong Kong Central Clearing Company Limited overseas legal person 0.7210739774
Li Yu domestic natural person 0.477050,7
