Company code: Changchun Engley Automobile Industry Co.Ltd(601279) company abbreviation: Changchun Engley Automobile Industry Co.Ltd(601279) Changchun Engley Automobile Industry Co.Ltd(601279)
Summary of annual report 2021
Section I 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 go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4 PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
On March 28, 2022, the fifth meeting of the Fourth Board of directors of the company deliberated and approved the profit distribution plan for 2021. The profit distribution plan for 2021 is: the company plans to distribute cash dividend of 0.1 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 1494253157 shares. Based on this calculation, the total cash dividend to be distributed is 1494253157 yuan (including tax). Cash dividends accounted for 10.05% of the net profit attributable to shareholders of listed companies this year. If the total share capital of the company changes before the date of equity distribution and equity registration, the company plans to keep the total distribution unchanged and adjust the distribution proportion per share accordingly. The above profit distribution plan needs to be reviewed and approved by the 2021 annual general meeting of shareholders.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Changchun Engley Automobile Industry Co.Ltd(601279) Changchun Engley Automobile Industry Co.Ltd(601279) /
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Miao Yu/
Office address: No. 2379, Zhuoyue street, high tech Zone, Changchun/
Tel: 043185022771/
E-mail [email protected]. /
2. Introduction to the company's main business in the reporting period
According to the industry classification guidelines for listed companies (revised in 2012) issued by China Securities Regulatory Commission, the industry of the company is "C36 automobile manufacturing industry". According to the national economic industry classification (revised in 2017) issued by the National Bureau of statistics, the industry of the company is the automobile parts and accessories manufacturing industry (c3670) subordinate to the automobile manufacturing industry (C36).
(I) development overview of automobile industry
According to the data of China Automobile Industry Association, in 2021, China's automobile production and sales completed 26.082 million and 26.275 million respectively,
Year on year growth of 3.4% and 3.8% respectively. Among them, the production and sales of passenger cars were 21.408 million and 21.482 million respectively, with a year-on-year increase of 7.1% and 6.5% respectively; The production and sales of commercial vehicles were 4.674 million and 4.793 million respectively, a year-on-year decrease of 10.7% and 6.6% respectively; The production and sales of new energy vehicles were 3.545 million and 3.521 million respectively, with a year-on-year increase of 1.6 times, and the market share reached 13.4%, 8 percentage points higher than that of the previous year.
2021 coincides with the historical intersection of "two centenaries". Based on the opening year of the 14th five year plan, the automotive industry fully implements the thought of Xi Jinping socialism with Chinese characteristics in a new era. Under the guidance of the Ministry of industry and information technology and other government departments in charge of business, and with the joint efforts of the whole industry, the automotive industry, facing the adverse factors such as the shortage of chips and the continuous high price of raw materials, has risen to the difficulties and taken the initiative, Throughout the year, automobile production and sales showed a steady growth trend, showing strong development toughness and driving force. As an important pillar industry of the national economy, the automobile industry is in the key stage of transformation and upgrading. Under the changing situation, the automobile industry has maintained stable development in recent years, which has played an important supporting role in the good development trend of the macro economy.
(II) development overview of auto parts industry
In recent years, the market scale and development speed of China's auto parts industry have tended to be stable. Driven by the steady growth of the automobile industry, the overall development of the parts market tends to be good. Although the automobile consumption market turned cold in 2018, the innovation elements in China's auto parts field have accumulated to a certain extent, the innovation environment has gradually improved, the relevant financial and industrial policies have been continuously optimized, the number of invention patents has been steadily increased, and the industrial chain has been continuously improved. Therefore, the long-term good momentum of the overall industry remains unchanged. At the same time, the auto parts industry, as an important part of China's overall automobile competitiveness, There are still great development opportunities.
(I) main business
The company focuses on the lightweight of auto parts. Its main business is the design, R & D, manufacturing and sales of body structure parts and anti-collision system parts. The company's main products include metal parts and non-metal parts. In addition to auto parts, the company also produces a small number of molds related to auto parts. There was no significant change in the company's main business during the reporting period.
(II) main products and uses
The company's main products include metal parts and non-metal parts. Metal parts include instrument panel framework, anti-collision beam, threshold, EV battery lower shell and other body stamping parts; Non metallic parts include front-end frame, underbody cover, spare tire compartment, EV battery upper shell, battery tray, wheel cover, etc. In addition to auto parts, the company also produces a small number of molds related to auto parts. 1. The company's metal parts mainly include instrument panel framework, anti-collision beam, threshold, EV battery lower shell and other body stamping parts. The diagrams and main uses of metal parts are as follows:
Product name product picture main product purpose
The instrument panel frame is used for the support and connection of instrument panel, steering instrument panel frame column, central control, glove box, air conditioner, wire control, etc
The anti-collision beam is a device used to reduce the vibration force of the anti-collision beam caused by secondary damage when the vehicle is impacted by external force, so as to minimize the impact force on the body longitudinal beam, water tank The damage of personnel can effectively protect the vehicle
The door sill is located directly under the door to fix the body
The battery pack is divided into two parts: the upper shell and the lower shell. It is mainly used to install the EV battery lower shell module to provide power support for the whole vehicle. The body material is divided into two parts: carbon steel and aluminum alloy, Involving stamping, welding, gluing and other processes, the sealing requirements are very high
Part of the metal stamping parts constituting the automobile body directly become the stamping parts of the automobile body after stamping; The other part needs welding, machining and other processes after stamping to become auto parts
2. The company's non-metallic parts include front-end frame, underbody guard, spare tire compartment, EV battery upper shell, battery tray, wheel housing, etc.
The diagrams and main uses of non-metallic parts are as follows:
Product name product picture main product purpose
The front-end frame is the core component of automobile integrated design. The front-end frame is the bearing structure of automobile cooling system, lighting system, air guide system, hood lock and its accessories
Reduce the wind resistance, protect the chassis and prevent the chassis from being damaged by the impact of the underbody guard on the uneven road surface or flying stones and gravel during driving
The spare tire compartment is used to store spare tires of automobiles
Part of the power battery pack is mainly used to protect the upper shell pool of lithium EV battery from collision and extrusion, and plays the role of isolation and sealing
Battery tray is used to fix and support automobile batteries
The wheel cover is installed on the outside of the wheel to play the role of decoration and mud water prevention
(III) business model
1. Procurement mode
The main raw materials of the company are vehicle steel, aluminum, thermoplastic and thermosetting materials.
For steel and aluminum metal raw materials, the company will purchase them in combination with sales orders, sales forecast information, purchase cycle, production plan, inventory and other factors in actual production. Due to accounting period, service, delivery and other reasons, the company purchases most metal raw materials through third-party distributors. The company conducts inquiry, comparison and negotiation every month to determine the supplier and adopts the payment method of cash on delivery.
For thermoplastic and thermosetting materials, such as PP glass fiber reinforced materials, the company has established a long-term cooperative relationship with major suppliers and adopted an annual locking price. At the beginning of each year, the price of the new year is agreed according to the overall situation of the project. By signing detailed specifications month by month
