Changchun Engley Automobile Industry Co.Ltd(601279)
Work report of the board of directors in 2021
Dear directors
2021 is the first year for the company to officially land on the Shanghai Stock Exchange and a year for the company to forge ahead. Affected by the covid-19 pneumonia epidemic and the global chip shortage, the global automobile industry pressed the "pause button". Facing the challenges, the company actively responds to them, relies on valuable customer resources and good market reputation, adheres to the original intention of development, strives to improve the company's market share, and focuses on realizing the lightweight of auto parts. The company relies on its in-depth understanding of lightweight materials and rich experience, and relies on good manufacturing capacity and design ability to provide customers with higher quality and more valuable body lightweight solutions. At the same time, the company relies on the innovation of the company's production base, focuses on the development of new technology, further improves the company's core performance, and keeps the company's business performance stable. At the same time, it focuses on the improvement of the company's production base, strengthens the incentive mechanism, and further improves the company's performance.
1、 Realization of main financial data and indicators
In 2021, the company realized an operating revenue of 45953914 million yuan, a year-on-year decrease of 8.45%; The net profit attributable to the shareholders of the listed company was 148610700 yuan, a year-on-year decrease of 10.05%; The total profit was 2427778 million yuan, a year-on-year decrease of 16.04%. As of December 31, 2021, the total assets of the company were 713502 million yuan, a year-on-year increase of 1.60%; The owner's equity attributable to the parent company was 36432129 million yuan, a year-on-year increase of 12.09%.
Compared with the previous period
The main accounting data will increase from 2021 to 2020 year-on-year in 2019
Minus (%)
Operating income 45953913925019623514 -8.454811862428
Net profit attributable to shareholders of listed company 148610729165218827 -10.05150513296 profit
Net profit attributable to shareholders of listed companies after deducting 97822501151166378 -35.29134626232 non recurring profits and losses
Net cash flow from operating activities 2332448731044535328 -77.67733218861
Ratio at the end of the period
Increase or decrease at the end of 2021, 2020 and the same period of last year at the end of 2019（
%）
Net capital attributable to shareholders of listed companies 3643212877325021997512.093085764205 assets
Total assets 713501999670228036471.606419344861
2、 Discussion and analysis of operation
In 2021, the impact of covid-19 epidemic has not been completely eliminated. The company strives to overcome the adverse factors of declining orders and rising prices of bulk raw materials caused by "core shortage" in the automotive industry. Closely focusing on the strategic development plan and the production and operation plan formulated at the beginning of the year, the company not only improves production efficiency, but also cuts costs. Guided by market development, in view of the changing needs of different vehicle customers, continuously tap the market potential, enhance the management level and technology development ability, improve the management and operation efficiency, and achieve the overall stability of business performance.
1. Maintain the supporting advantages of existing vehicle customers and constantly explore new business opportunities
The company's main customers are medium and high-end brands, including FAW Volkswagen, Beijing Benz, SAIC Volkswagen, SAIC GM, Geely, Volvo Asia Pacific, brilliance BMW, FAW Hongqi, GAC Fick and other well-known vehicle manufacturers. During the reporting period, the company continued to maintain the supporting advantages of existing vehicle customers, strengthened communication with customers, understood customer needs, focused on providing customers with high-quality products of safety, environmental protection, energy saving, cost reduction and lightweight, maintained the existing cooperation scale of conventional fuel vehicles, and focused on ensuring the market share of core parts products (instrument panel framework, front-end framework, anti-collision beam, guard sector, etc.); In 2021, the development of new energy vehicles accelerated, and the new energy vehicle market ushered in the pattern of traditional automobile giants and new forces in vehicle manufacturing. The company actively expanded the market layout in the field of new energy vehicles. During the reporting period, the company achieved more supporting new energy vehicle projects. At present, it has provided new energy vehicle body structure parts and anti-collision system parts for traditional and new energy vehicle enterprises such as FAW Volkswagen, Volvo, SAIC Volkswagen, Dongfeng Automobile Co.Ltd(600006) , Geely Automobile, Weilai automobile, Xiaopeng automobile and Weima automobile. In 2021, the supply proportion of new energy vehicles will gradually increase, accounting for about 10% of the company's operating revenue.
2. Promote industrial upgrading through capital market financing
In 2021, the company was successfully listed on the main board of Shanghai Stock Exchange, which further widened the financing channels and further enhanced the capital strength, creating favorable conditions for better and faster development. The net amount of funds raised by the company through the initial public offering is 249260700 yuan, and the funds raised are mainly used for "equipment upgrading project" and " Changchun Engley Automobile Industry Co.Ltd(601279) R & D and testing center construction project". During the reporting period, the company fully promoted the implementation of the project, comprehensively upgraded the company's manufacturing equipment, expanded the production scale, and comprehensively improved the automatic product line of auto parts. Through equipment upgrading and transformation, the company further improves the level of production automation, improves production efficiency and enhances the stability of product quality.
3. Continuously optimize internal operation capacity to achieve cost reduction and efficiency increase
The company's main raw materials, steel and other bulk commodities are in the cycle of price rise. Facing the cost pressure, the company continues to vigorously promote fine management, focus on the goal of ensuring quality and quantity and efficiently meeting the market product demand, and reduce the processing cost, material consumption and product cost through process standardization and continuous improvement.
In product design and manufacturing, the company deeply carries out lean manufacturing and vave improvement activities, and uses systematic methods to improve process and material optimization, so as to continuously improve product value and competitiveness. During the reporting period, the company saved 14 million yuan through investment review and optimization, improved the utilization rate of new project materials, and saved more than 32 million yuan in product life cycle manufacturing costs.
4. Implement R & D innovation and enhance product competitiveness
In the future, automobile products will focus on environmental protection and fully reflect the harmony between automobile and environment in the links of new power development, raw material selection, automobile use and scrapping. The company closely follows the development concept, develops energy-saving, environmental protection and lightweight products, constantly studies new processes, new materials and new products, and continues to provide customers with products with reliable quality.
During the reporting period, the company carried out in-depth technical exchanges with suppliers, universities and research institutions, continued to focus on the development of lightweight related auto parts, and made use of the company's R & D strength to combine different lightweight products to create lighter body structural parts and safety parts. Focus on the development of integrated parts, such as modular products and large welded assemblies, including front-end frame modules, front wall and side wall welded assemblies, spare tire compartment welded assemblies, etc. Further enhance product competitiveness and market share through product design, R & D and innovation. 5. Strengthen the construction of human resources system and improve the human resources planning system
With the expansion of the company's business scale, the company has strengthened the training and introduction of talents in accordance with the principle of improving efficiency, optimizing structure and ensuring development. Internal personnel with outstanding working ability, both political integrity and ability, high loyalty and good comprehensive quality in each system are selected and promoted through competition, and external experience and processes in the industry are introduced, and the incentive and retention plan of core talents is formulated. Human resource planning and management can be realized through manpower budgeting, so as to achieve the reasonable allocation of manpower and operation, and provide Beijing Dynamic Power Co.Ltd(600405) spring for the healthy and sustainable development of the company in the future.
6. Strengthen investor relations management and constantly improve corporate governance
The company attaches importance to the management of investor relations, earnestly studies and implements various regulatory regulations, adheres to standardized operation, timely, true, accurate and complete information disclosure, and timely replies to issues of concern to investors, ensuring the openness and transparency of information disclosure and safeguarding the interests of shareholders.
During the reporting period, the company continuously improved its corporate governance and standardized operation. The company timely revised and improved the articles of association in accordance with the securities law, the Listing Rules of Shanghai Stock Exchange and other relevant laws and regulations, and further strengthened the protection of the legitimate rights and interests of all shareholders, especially small and medium-sized investors; During the year, the general election of the Fourth Board of directors and the second board of supervisors of the company was completed to ensure the standardization of corporate governance.
3、 Convening of the meeting and implementation of resolutions of the general meeting of shareholders
(I) convening of the board of directors this year
In 2021, the board of directors of the company held 9 meetings in strict accordance with the requirements of the articles of association and the rules of procedure of the board of directors, and completed the disclosure of relevant periodic reports and temporary announcements according to the information disclosure requirements, so as to ensure the true, accurate and complete provision of relevant information of the company to shareholders and investors.
Convening and deliberation of the board meeting:
1. On January 12, 2021, the 25th meeting of the third board of directors deliberated and approved the proposal on the company's proposed investment in Changsha Changchun Engley Automobile Industry Co.Ltd(601279) Parts Co., Ltd.
2. On March 1, 2021, the 26th meeting of the third board of directors deliberated and approved the proposal on the external reporting of the company's reviewed financial statements in 2020 and the proposal on the relevant commitment letter and statement of the company's initial public offering and listing in China.
3. On March 25, 2021, the 27th meeting of the third board of directors deliberated and adopted the proposal on the work report of the general manager of the company in 2020, the proposal on the work report of the board of directors in 2020, the proposal on the final financial report of the company in 2020, the proposal on the financial budget report of the company in 2021, and the proposal on the profit distribution plan of the company in 2020 Proposal on the remuneration and allowance scheme for senior managers of the company in 2021, proposal on the remuneration and allowance scheme for directors of the company in 2021, proposal on employing PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) as the audit institution of the company in 2021, proposal on reporting the company's financial report in 2020, proposal on reviewing the company's internal control self-evaluation report in 2020 The proposal on confirming the company's daily connected transactions in 2020, the proposal on the company's daily connected transactions forecast in 2021, the proposal on the company's guarantee plan in 2021, the proposal on the company's provision of guarantee for wholly-owned subsidiaries, the proposal on revising some provisions of the "internal control system - Financial statement preparation process measures", the proposal on the company's use of its own idle funds for entrusted financial management Proposal on the company's application for extension of credit to Changchun Branch of Guangdong Development Bank Co., Ltd., proposal on the company's application for credit to China Citic Bank Corporation Limited(601998) Changchun Branch, proposal on the company's application for credit to Hua Xia Bank Co.Limited(600015) Changchun Branch, proposal on the company's application for credit to Postal Savings Bank Of China Co.Ltd(601658) Jilin Branch, proposal on the company's financial assistance to subsidiaries Proposal on opening a special account for raised funds and authorizing the signing of regulatory agreements, proposal on Amending Some Provisions of the measures for the administration of endorsements and guarantees, and proposal on convening the 2020 annual general meeting of shareholders.
4. On April 29, 2021, the 28th meeting of the third board of directors deliberated and adopted the report of the first quarter of 2021, the proposal on using the raised funds to increase the capital of subsidiaries and implement the raised investment projects, and the proposal on Amending the articles of association and handling the industrial and commercial change registration.
5. On June 25, 2021, the 29th meeting of the third board of directors deliberated and adopted the proposal on the general election of non independent directors of the Fourth Board of directors, the proposal on the general election of independent directors of the Fourth Board of directors, and the proposal on the use of raised funds to replace self raised funds and pay issuance fees for pre invested projects Proposal on providing guarantee for wholly-owned subsidiaries and holding subsidiaries applying for comprehensive credit line, proposal on the company applying for comprehensive credit line from banks, proposal on Amending the articles of association, proposal on applying for holding the second extraordinary general meeting of shareholders in 2021.
6. On July 12, 2021, the first meeting of the Fourth Board of directors deliberated and adopted the proposal on the election of the chairman of the Fourth Board of directors and the proposal on the election of the vice chairman of the Fourth Board of directors
Proposal on the election of members of the special committee of the fourth session of the board of directors, proposal on the appointment of the general manager of the company, proposal on the appointment of the chief financial officer of the company, proposal on the appointment of the Secretary of the board of directors of the company and proposal on the appointment of the deputy general manager of the company.
7. On August 27, 2021, the second meeting of the Fourth Board of directors deliberated and approved the company's 2021 semi annual report and its summary, the special report on the deposit and actual use of the company's 2021 semi annual raised funds, the proposal on providing guarantee for the application of comprehensive credit for wholly-owned subsidiaries, and the proposal on providing financial assistance to wholly-owned subsidiaries.
8. October 29, 2021,
