On March 31, Kunming Yunnei Power Co.Ltd(000903) ( Kunming Yunnei Power Co.Ltd(000903) . SZ) released the annual report for 2021. In 2021, affected by the global epidemic, insufficient supply of engine chips, rising prices of raw materials and other external environment, the company achieved a revenue of 8.030 billion yuan, a year-on-year decrease of 19.77%. The performance has dropped to a new low of Kunming Yunnei Power Co.Ltd(000903) in recent 10 years.
However, Kunming Yunnei Power Co.Ltd(000903) said that it was actively exploring new development directions and trying to get out of the low performance Kunming Yunnei Power Co.Ltd(000903) main business also includes industrial electronic products business. With Mingte technology, a wholly-owned subsidiary, as the core, it is making a strategic transformation to new retail and automotive electronic products.
According to Kunming Yunnei Power Co.Ltd(000903) introduction, in 2021, under the background of epidemic and “lack of core”, Mingte technology achieved a revenue of RMB 229 million, a net profit of RMB 549386 million, a gross profit of 53.89% and an increase of 35.48% in the overseas market by carrying out “chip” research and development, developing the business of sensors and wire harness products, and entering the fields of self-service equipment and intelligent micro kitchen.
In China’s fuel dispenser industry, in addition to the normal upgrading of fuel dispensers, Mingte technology is combining the original electronic patent technology with face recognition technology to research and develop new products to support PetroChina’s new retail smart gas station. After mass production, this product is expected to be widely used in fuel dispensers.
At the same time, the annual report shows that the charging pile has been incorporated into the new infrastructure, which has become a prerequisite for the development of new energy vehicles, stimulating new consumer demand and boosting industrial upgrading. The rapid development of new energy vehicles will effectively drive the growth of the demand for charging piles. The performance of the charging pile payment system business supported by Mingte technology is expected to grow.
With the improvement of the epidemic situation, Kunming Yunnei Power Co.Ltd(000903) or with the double wheel drive of engines and electronic products, strive to get out of the low performance.
