Jade Bird Fire Co.Ltd(002960) ( Jade Bird Fire Co.Ltd(002960) ) recently released its annual report for 2021. During the reporting period, the company achieved an operating revenue of 3.863 billion yuan, a year-on-year increase of 53.03%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 510 million yuan, a year-on-year increase of 36.63%; The basic earnings per share is 1.5284 yuan.
In terms of business, the general fire alarm business achieved rapid growth in 2021, with an overall revenue of 2.5 billion yuan, an increase of 30.88% over the same period last year and a gross profit margin of 39.81%, which remained stable as a whole. Emergency lighting and intelligent evacuation business maintained a rapid development trend. Orders and shipments continued to grow explosively, realizing an operating revenue of 660 million yuan, an increase of more than 266% over the same period last year, and the revenue scale was further expanded.
In the field of large industrial fire protection, the company strengthened efforts to improve the product system of industrial fire protection in 2021. The equal products of image fire detector and suction smoke fire detector have been developed and obtained the corresponding inspection report / 3C certificate, which further enriched the industrial fire product matrix and improved the company’s competitiveness in the industrial fire protection market. The company has also achieved a “0-1” breakthrough in many industries such as steel, petrochemical and automobile. It has won the bid for many industrial fire-fighting projects, including the relocation project of Hebei Tianzhu iron and Steel Group, the green high-quality steel project of Zhongtian iron and steel, the Ankun energy and chemical project of Hejin sunshine group, Qingdao BAIC Laixi plant, the material bidding and procurement project of State Grid Jiangsu electric power company, and the cathode material project of Sichuan Fulin new energy and new energy lithium battery.
The company’s gas business also achieved rapid development. Among them, the business of automatic fire extinguishing system achieved a revenue of 330 million yuan, a year-on-year increase of 33.70%; The business of gas detection and monitoring system achieved a revenue of 120 million yuan, a year-on-year increase of 35.98%;
In the field of intelligent fire protection, the company completed the construction of Bank of Guizhou, Meilong commercial street, Harbin Railway Technology School, Shengli Oilfield Central Hospital, Beijing tanzhesi and other projects during the reporting period. As of the end of the reporting period, the number of units and online points of ” Jade Bird Fire Co.Ltd(002960) cloud” had exceeded 21000 and 1.3 million. At the same time, the company has also launched the solutions of “integrated fire safety management system” and “intelligent fire fighting platform”, which have been deployed and operated in Hunan Normal University and other projects.
The report shows that the company’s annual R & D expenses in 2021 were 186238 million yuan, an increase of 35.11%, and the compound growth rate of the company’s R & D expenses in 20172021 reached 29.44%. The long-term high-intensity investment has laid the foundation for the leading technical advantage of Jade Bird Fire Co.Ltd(002960) R & D team, and further improved the R & D strength, efficiency and product power of the company.
The report shows that the company has formed a “3 + 2 + 2” track layout. In 2022, the company will further block and squeeze out the track on the basis of existing advantages, and strive to exceed the target of sales scale of 5 billion yuan in 2022, so as to lay a good foundation for the company to formulate the next three-year strategic plan.
