Company code: Ningbo Fubang Jingye Group Co.Ltd(600768) company abbreviation: Ningbo Fubang Jingye Group Co.Ltd(600768) Ningbo Fubang Jingye Group Co.Ltd(600768)
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. Lixin 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 Lixin certified public accountants, the net profit attributable to the shareholders of the listed company in the consolidated financial statements of the company in 2021 was 396104616 yuan, and the undistributed profit of the parent company at the end of 2021 was 3327302015 yuan. Since the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is 332011190 yuan, the profitability of the company's main business is relatively weak at this stage. Considering the current situation of the company's industry, actual operation and the needs of industrial transformation and upgrading, it is not planned to carry out profit distribution or convert capital reserve into share capital in this year.
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 Ningbo Fubang Jingye Group Co.Ltd(600768) Ningbo Huatong
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Wei huibing, Yue Feng
Office address: 15 / F, block B, Fubang Plaza, No. 66, Xingning Road, Yinzhou District, Ningbo
Tel: 057487410500057487410501
E-mail fbjy@ Ningbo Fubang Jingye Group Co.Ltd(600768) .com.cn. yuef Ningbo Fubang Jingye Group Co.Ltd(600768) 163.com.
2. Introduction to the company's main business in the reporting period
It has excellent properties such as tensile strength, ductility and corrosion resistance. It is a non-ferrous metal with global output and consumption second only to steel. From the perspective of the industrial chain of the whole aluminum industry, the bauxite industry at the front of the industrial chain is mainly a mining industry oriented by mineral resources; Alumina and electrolytic aluminum are manufacturing industries characterized by standardized processing. The aluminum processing industry at the middle end of the industrial chain needs to produce products that meet different needs according to different downstream application industries. It has high technical and technological requirements. It is an application-oriented industry. Extrusion is one of the most important processing methods in aluminum processing. Aluminum profiles are aluminum alloy profiles with different sections and surfaces produced by heating, extrusion and surface treatment of aluminum alloy ingots. They are widely used in downstream fields such as construction, automobile lightweight, transportation, automation equipment, consumer electronics, telecommunications and so on.
At present, China's aluminum profile industry generally adopts the sales pricing model of "aluminum ingot price + processing fee", in which the cost of raw materials is mainly the cost of aluminum ingots. Therefore, the profits of aluminum profile enterprises mainly come from processing fee. Generally, large enterprises with strong strength can continuously develop new products and materials, ensure product quality, realize large-scale operation and obtain a high profit level; Due to the lack of core competitiveness, many small and medium-sized enterprises generally have low gross profit margin and poor anti risk ability. In the long run, the market share will be concentrated in enterprises with economies of scale, advanced technology level, standard setting right and strong product R & D ability.
In 2021, the market price of bulk commodities soared, and the price of aluminum increased greatly throughout the year. Its trend can be roughly divided into two stages: from the beginning of the year to the middle of October, under the influence of overseas economic repair, export increase, energy consumption dual control policy and other factors, the price of aluminum ingot increased from about 15700 yuan / ton to about 24000 yuan / ton in the middle of October; Since late October, due to the state's intervention in coal prices, the logic of cost support collapsed, and the high aluminum price fell. At the end of the year, due to the impact of soaring European energy prices, the price began to rebound, and the price remained at about 20300 yuan / ton. Under the tide of rising prices, upstream enterprises generally benefit, but downstream enterprises are under pressure. At the same time, we can see that China's aluminum processing industry is accelerating its transformation and upgrading from "quantity" to "quality" in the face of double carbon goals and continuous trade frictions. The company's aluminum profile processing and trading business is limited by its own organizational structure and technical strength. It is expected that the development bottleneck and scale of the existing industry will be difficult to break through for the time being, and it is facing the market risk of shrinking business.
1. Industry of the company during the reporting period
Ningbo Fubang Jingye Group Co.Ltd(600768) is mainly engaged in the non-ferrous metal calendering industry. It is a regional aluminum deep-processing enterprise specializing in the production of industrial aluminum profiles, and also engaged in the trading business of aluminum casting rod products. Main subsidiaries include Ningbo Fubang Jingye Group Co.Ltd(600768) Jingye aluminum profile Co., Ltd., Ningbo Fubang Jingye Group Co.Ltd(600768) Jingye Trading Co., Ltd. Ningbo Fubang Jingye Group Co.Ltd(600768) Jingye aluminum profile Co., Ltd. is an enterprise specializing in the production of industrial aluminum profiles, with an annual production capacity of more than 10000 tons. It has a full set of smelting, extrusion and oxidation production lines, including four extrusion production lines of 1630 tons, 1250 tons, 800 tons and 500 tons. The company has more than 4000 product specifications and varieties, mainly including curtain wall profiles, tourism products series profiles, flashlight series profiles, electric tools series profiles, etc Ningbo Fubang Jingye Group Co.Ltd(600768) Jingye Trading Co., Ltd. is a domestic trading enterprise specializing in the sales of industrial aluminum casting rods and other metal raw materials.
2. Main business model of the company
Business model of aluminum processing business: adopt the method of "aluminum ingot price + processing fee" for commodity pricing, and adopt the sales model of "direct sales + distribution" to expand the market. The aluminum ingot price is mainly determined according to the aluminum price of Shanghai Changjiang nonferrous metal network. In the operation process, the principle of setting production by sales is implemented, and the production department organizes follow-up production according to the order requirements. The company usually maintains a reasonable amount of inventory in the process of production and operation for continuous production and turnover.
Business model of trade business: according to the needs of the local market, purchase aluminum casting rod commodities in batches from customers such as Henan Luoyang Wanji special aluminum alloy Co., Ltd., a long-term business partner, and then turn to local small and medium-sized enterprises for distribution. The sales pricing principle is: take the arithmetic average price of the highest and lowest price of domestic aluminum ingots in the spot market published by Shanghai Changjiang nonferrous metals network within the delivery range as the base price of aluminum ingots, and then price it according to the logistics cost plus the corresponding processing fee.
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 3271996209140210032832 -18.6330269846631
Net assets attributable to listed company shares 2226673992622643902570 -1.6722472146153 East
Operating income 41696783349476800515 -15.7251729811300
Deduct the business income not related to / related to the main business and 3745123971449476800515 -24.31
Operating income after having commercial substance
Net profit attributable to listed company shares 396104616 -60659725811160473910
Net profit after deducting non recurring profit and loss attributable to listed company shares -332011190 -986482683 -1738643663
Net cash flow from operating activities: 9589419732947735100 -67.47 -1428803589
Weighted average net assets closed 1.76 - 2.74, an increase of 4.50 percentage points and 67.06 profit rate (%)
Basic earnings per share (RMB 0.03 -0.05 0.83 / share)
Diluted earnings per share (RMB 0.03 -0.05 0.83 / share) 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 874775928013456015526103767640829116228945
Net profit attributable to shareholders of listed company -752026558794260165462393297050618
Deduction attributable to shareholders of listed companies
Net profit after recurring profit and loss -108997401 -63270321 -121664046 -38079422
Net cash flow from operating activities -225692862828779117011932647257 -1594 Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357)
Description of differences between quarterly data and disclosed periodic report data □ applicable √ not applicable 4 shareholders 4.1 total number of ordinary shareholders, total number of preferred shareholders with voting rights restored, total number of shareholders holding special voting shares and top 10 shareholders at the end of the reporting period and the end of the month before the disclosure of the annual report
Unit: shares
As of the end of the reporting period, the total number of ordinary shareholders (households) was 11054
Total number of ordinary shareholders (households) at the end of last month before the disclosure date of the annual report 14958
Total number of preferred shareholders whose voting rights have been restored by the end of the reporting period (households) total number of preferred shareholders whose voting rights have been restored by the end of the previous month before the disclosure date of the annual report (households)
Shareholding of top 10 shareholders
Holding pledge, marking or freezing
There's a situation
