Securities code: Sinotruk Jinan Truck Co.Ltd(000951) securities abbreviation: Sinotruk Jinan Truck Co.Ltd(000951) Announcement No.: 202209 Sinotruk Jinan Truck Co.Ltd(000951)
Summary of annual report 2021
1、 Important tips
The investors shall carefully read the full text of the annual report and the financial development report of the company, and understand the full text of the annual report designated by the CSRC.
In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
Reasons for the work of director Sun Chenglong Li Xia
Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of common 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 convert accumulation fund into share capital □ yes √ no
The company's profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 1174869360 shares as the base, distribute cash dividends of 3.00 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 shares (including tax), and do not use the accumulation fund to increase the share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Sinotruk Jinan Truck Co.Ltd(000951) Stock Code: Sinotruk Jinan Truck Co.Ltd(000951)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Zhang Feng, Zhang Xin
Office address: nanshou, Dangjiazhuang Town, Shizhong District, Jinan City, Shandong Province
Fax: 053158067003
Tel: 053158067588053158067586
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
Sinotruk Jinan Truck Co.Ltd(000951) is a state-owned listed company. According to the industrial classification of national economy (GB / t47542017) and the guidelines for industrial classification of listed companies (CSRC announcement [2012] No. 31) of China Securities Regulatory Commission, the industry of the company is "automobile manufacturing industry". Mainly engaged in the manufacturing and sales of heavy-duty trucks, heavy-duty special vehicle chassis, axles and other auto parts. The company is a leading enterprise in the production and sales of heavy-duty vehicles under China Heavy Truck Group Co., Ltd., known as the cradle of China's heavy-duty vehicle industry. At present, it has "Yellow River", "HOWO" and other brands and series of models. It is a heavy truck manufacturer with complete driving forms and tonnage coverage in China's truck industry. It is also one of the largest heavy truck manufacturing bases in China. In March 2022, Sinotruk Jinan Truck Co.Ltd(000951) was listed in the list of the first batch of high-end equipment of "high-quality Shandong", adding impetus to Shandong to accelerate the transformation of old and new kinetic energy and realize high-quality development.
The company's products are important means of production in the national economic life, and are mainly used in the fields of logistics and transportation, engineering construction, urban cleaning, fire protection and so on. After years of technical precipitation and market development, Sinotruk Jinan Truck Co.Ltd(000951) has achieved obvious technical and market leading advantages in the industry. The company's products sell well outside China and are exported to more than 110 countries and regions in the world, ranking first in the export of China's heavy truck industry for more than ten consecutive years.
The development of the heavy truck industry is closely related to the national economy. The stable growth of China's economy provides a strong basic support for the commercial vehicle industry, and the overall external economic environment of commercial vehicles continues to improve. In the first half of 2021, due to the impact of policies and regulations such as the national six emission upgrading and the continuous promotion of exceeding the limit, the demand continues to grow. The scale of the heavy truck industry has reached a historical peak of about 1045000 vehicles, but also released some market demand in advance; In the second half of the year, the terminal demand of the heavy truck market was depressed due to the factors such as the early pre hanging of national five vehicles in the first half of the year, the rise of oil and gas prices, the double limit and double control policy and so on. According to the statistics of China Automobile Industry Association, the sales of heavy trucks in the whole year was about 1.395 million, a year-on-year decrease of 13.8%, showing a trend of "high before low", and the heavy truck market still maintained a high level in recent years.
Data source: from the sales performance of the heavy truck industry over the years, China Automobile Industry Association shows a typical wave forward and spiral rise, and its ownership shows a steady growth trend. From the current period, after five consecutive years of market peak, China's heavy truck market ushered in an adjustment period.
From the current development of heavy truck industry, it has high maturity and fierce competition. All enterprises in the industry actively layout the upstream and downstream of the industrial chain, strengthen technological R & D strength and develop new business models, so as to continuously improve the market share concentration of the industry, showing a trend that the strong is always strong. Driven by the industry demand and supply side, the upgrading trend of heavy truck products is obvious, which promotes the heavy truck to enter the upgrading stage and drives the marginal growth of market scale. At the same time, with the continuous promotion of 3060 double carbon policy, new energy and intelligent networked vehicles will become symbolic and leading products of a new round of scientific and technological revolution and industrial reform.
During the reporting period, the company continued to improve the core competitiveness of its products. The overall market share and the market share of each segment have been steadily improved, and the company continues to be in the leading position in the industry. In the whole year, 152164 complete vehicles were produced, a year-on-year decrease of 15.52%; 202172 complete vehicles were sold, a year-on-year decrease of 1.91%. The sales revenue reached 56.099 billion yuan, a year-on-year decrease of 6.40%; The net profit attributable to the parent company was 1.038 billion yuan, a year-on-year decrease of 44.79%. During the reporting period, the company's business model and profit model did not change. The company designed an annual production capacity of 160000 vehicles. At the same time, since most heavy trucks are flexible production lines, the annual output fluctuates according to the changes of market demand and the adjustment of production organization. In 2020, in order to further improve the informatization, flexibility, automation and intelligence level of the production line and meet the production needs of the company in terms of intelligent networked vehicles and new energy vehicles, the company plans to move and build the intelligent networked (new energy) heavy truck project in Laiwu District, Jinan City, Shandong Province. The project is the relocation, optimization and upgrading of existing production capacity. Under the existing industry development trend, market scale and the company's capacity utilization, the project can improve the product quality assurance ability of the production line, make the company's products synchronize with the international advanced level in terms of safety, economy and comfort, and will not have an adverse impact on the company's normal production and operation in the current period. At present, the production lines involved in the project, such as final assembly line, chassis finish line, cab welding line and stamping line, have successively entered the line verification stage and are gradually optimized. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 3547778886222371166604684 - 4.42% 2400344023972
Net assets attributable to shareholders of listed companies 1391199409425839023116870 65.81% 698919324933
20212020 year-on-year increase or decrease 2019
Operating income of 2877931077833959108413%
Net profit attributable to shareholders of listed companies 103790178276187978723251 - 44.79% 122338574148
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 97056632407181143292690 - 46.42% 115445896114
Net cash flow from operating activities 206287616028415347902509 - 50.33% 2 Ktk Group Co.Ltd(603680) 46091
Basic earnings per share (yuan / share) 0.90-51.87% 1.22
Diluted earnings per share (yuan / share) 0.90 - 51.87% 1.22
Weighted average return on net assets 7.50% - 24.68% - 17.18% - 17.75%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 20678492448081932706163755893150587061716211404687
Net profit attributable to shareholders of listed company Chengdu Gas Group Corporation Ltd(603053) 910174090331403213856620568 - 11275147341
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 58240934037, 37929828009, 12613966554 - 11728096193
Net cash flow from operating activities -7446618331223038417330949452403284917222747
Whether the above financial indicators or their total amount are significantly different from 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
Disclosure date of annual report
