Company code: Jiangxi Hongdu Aviation Industry Co.Ltd(600316) company abbreviation: Jiangxi Hongdu Aviation Industry Co.Ltd(600316) Jiangxi Hongdu Aviation Industry Co.Ltd(600316)
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, which is to fully understand the company’s operating results, financial status and future development plans
Investors should go to www.sse com. cn. The website carefully reads the full text of the annual report.
2. The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and
Integrity, without 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 Dahua 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
Audited by Dahua Certified Public Accountants (special general partnership), the company (parent company) realized a net profit of 15016416721 in 2021
As of December 31, 2021, the accumulated profit available for distribution to shareholders of the parent company was 116586625915 yuan. The company plans to implement
Equity distribution the total share capital registered on the equity registration date is the base for profit distribution, and it is proposed to distribute a cash dividend of RMB 0.67 per 10 shares to all shareholders
(tax included). As of December 31, 2021, the total share capital of the company is 717114512 shares, based on which 4804667230 cash dividends are planned to be distributed
Yuan (including tax). If the total share capital of the company changes before the date of equity distribution and equity registration, the company intends to maintain the total amount of distribution unchanged,
Adjust the amount of cash distributed per share accordingly.
The above matters can only be implemented after being voted and approved by the company’s 2021 annual general meeting of shareholders. The specific implementation measures and time will be determined by the company
To be announced separately.
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 Jiangxi Hongdu Aviation Industry Co.Ltd(600316) Jiangxi Hongdu Aviation Industry Co.Ltd(600316) not applicable
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Deng Feng, Qiao Jian
Office address: Aviation City, Nanchang high tech Development Zone, Nanchang City, Jiangxi Province
Tel: 079187668162079187668769
E-mail hd Jiangxi Hongdu Aviation Industry Co.Ltd(600316) @hongdu.com. hd Jiangxi Hongdu Aviation Industry Co.Ltd(600316) @hongdu.com.
2. Introduction to the company’s main business in the reporting period
1、 Industry of the company during the reporting period
(I) industry trend
The core of the flight training system is the trainer. The trainer products are large according to the pilot’s stage and task in the training process
Zhi can be divided into primary trainer, intermediate / basic trainer and advanced / similar trainer. The corresponding products of the company are primary trainer 6 and K8 respectively
Trainer and L15 advanced trainer. Globally, the primary trainer market is highly concentrated, including the United States, Brazil and Switzerland
And other countries occupy a dominant position; With the gradual allocation of the third and fourth generation advanced aircraft in various countries, pilot skill training and flight training
The requirements of equipment are constantly improving. Pilots must adapt to all-weather, all geographical environment and complex information environment. Therefore, there is no
From the perspective of delivery quantity and amount, advanced trainer has become the main body of global military trade market transactions, and the demand for advanced trainer in various countries will increase greatly in terms of quality and quantity.
As the scientific research and production base of China’s trainer, the company is the only enterprise in China that has the R & D and manufacturing capacity of the full spectrum products of primary, medium and advanced trainer at the same time. The primary trainer produced by the company is the cradle of Chinese pilots. Chujiao 6 has obtained the TC / PC certificate. According to the market demand, the company is reforming it to enhance its ability and competitiveness to adapt to the civil market, inherit the aviation culture and continue the classic legend; K8 basic trainer once occupied 70% of the global market share. At present, the development of new basic trainer is being carried out to seize the screening and basic trainer Market; In the development process, the new generation of L15 advanced trainer has fully considered and weighed the various needs of pilot skill training in modern war, and realized the low-cost reproduction of the performance and system functions of advanced fighters. In addition to the advanced trainer function, it can also meet the requirements of users for multiple purposes. With L15 advanced trainer as the core, the company extends the business connotation of trainer in the traditional sense, constantly explores and constructs the training efficiency system of “technical training, tactical training and tactics training”, expands from a single aircraft system to a comprehensive training system, and develops from sales trainer to sales integrated system and service support, and will provide customers with pilot training, ground crew training A package of training solutions integrating training support. (II) competition pattern
At present, the company mainly faces the competition and challenges of foreign competitors. In the international market, the main manufacturers of medium and advanced trainer aircraft include Russia United Aviation Manufacturing Group Corporation, Italy alenimaki company and Korea Aviation Industry Corporation (jointly established with the United States). However, as one of the series products of these large aviation whole machine manufacturing enterprises, trainer aircraft account for a small proportion, design and manufacturing are separated, and the technical force is weak compared with its main products. The company (and Hongdu company) has focused on the field of trainer for decades, independently developed and manufactured several model series of trainer such as chujiao 6, K8 and L15, accumulated rich research and production experience, realized the combination of design and manufacturing, and was able to get close to the market and users quickly and effectively.
(III) upstream and downstream of the industrial chain
The trainer (flight training) industry chain has a huge volume, wide coverage and long link, which has a certain relevance and traction with the current industrial system. Upstream R & D involves multi-disciplinary technologies such as electronics, materials, strength and physics, which are closely related to scientific research institutes and schools; The production mainly involves materials (including metal materials and composite materials), standard parts, manufacturing (machining, sheet metal, welding, etc.) industry, surface / heat treatment industry, engine / avionics / electromechanical / flight control and other airborne systems, wind tunnel / strength / flight test and other basic test conditions; The company’s downstream industries are aviation schools, aircraft import and export companies, transportation companies, maintenance support system and aviation education.
The R & D and production of trainer is the key link of the industrial chain. It is not only in the middle of the flight training industrial chain, but also at the integration and traction end of the industrial chain. As the aviation industry is a high-tech industry, China has actively carried out the construction of basic conditions and the localization of raw materials and airborne systems, which can basically ensure the independent control of equipment. The R & D technology of the company’s trainer has reached an advanced level in the world and can compete with world-class enterprises. (IV) development direction
Facing the industrial development, the company integrates the whole machine design, manufacturing, final assembly integration, sales and service. At the same time, it actively expands to the downstream industries such as maintenance and service guarantee, so as to ensure the full value chain and life cycle management of the company’s trainer products; Make use of the advantage of “integration of factories and offices”, strengthen the cooperative development of upstream and downstream enterprises, and make the industrial chain better and stronger; Relying on the construction of the aviation city and the development strategy of Jiangxi aviation, we will promote the landing, growth and expansion of upstream and downstream industries in the aviation city and realize the agglomeration effect of the industrial chain. 2、 Business of the company during the reporting period (I) main business
1. Trainer.
The company is the main R & D and production base of trainer in China, mainly engaged in the design, development, production, sales, maintenance and service guarantee of trainer series products. At present, the main products are CJ6 primary trainer, K8 basic trainer and L15 advanced trainer. The company continues to explore and basically build a trainer equipment system of “centralized screening, basic general training and professional track separation”, extending the business connotation of trainer in the traditional sense, expanding from single aircraft system to comprehensive training system, and from sales trainer to sales set
The development of system and service support will provide customers with a package of pilot training, ground crew training and training support
Training solutions.
2. Defense products
The company is one of the important defense product development and production bases in China.
(II) business model
Procurement of basic materials: the basic materials required by the company mainly include metal raw materials, non-metallic raw materials, electronic components and accessories
Parts, outsourced processing and other types. The material procurement department shall carry out procurement by means of bidding and inquiry according to the demand plan. company
Formulate material procurement management system and list of qualified suppliers.
Product production: aviation products are mainly organized by means of R & D, contract orders and multi-party agreements. Company establishment
It has a perfect command and scheduling system for scientific research and production, uses information-based means to issue production planning instructions, and coordinates quality inspectors and workers
Cooperation and cooperation between artists and production personnel, and implement product development and production in strict accordance with product, technology, quality and progress requirements,
Ensure the quality and quantity of scientific research and production tasks undertaken by the Institute and deliver them on time.
3. Main accounting data and financial indicators of the company
3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 1790067365761967232599210 85.07843643173775
523988606219511275958015 2.49496426360919 net assets attributable to shareholders of listed companies
Operating income: 19726276258472
1514081741613261097265 14.178286817070 net profit attributable to shareholders of listed company
Net profit after deducting non recurring profit and loss 42587357493186843535 33.63720812947
The cash flow from operating activities is 22064990869 – 14208484955, which is not applicable to the net amount of 2512968297
The weighted average return on net assets was 2.93 and 2.64, with an increase of 0.29 percentage points and 1.35 (%)
Basic earnings per share (yuan / share) 0.2111 0.184914.17 0.1156
Diluted earnings per share (yuan / share) 0.2111 0.184914.17 0.1156
3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 55956950174
