Securities code: Xinya Electronic Co.Ltd(605277) securities abbreviation: Xinya Electronic Co.Ltd(605277) Xinya Electronic Co.Ltd(605277)
Record of investor relations activities
No.: 2022003
□ specific object research □ Analyst Research
Investor relations □ media interview □ performance briefing
Activity category □ press conference □ Roadshow
□ site visit □ others
Time: March 29 and March 30, 2022
Location teleconference
Soochow Securities Co.Ltd(601555) : Hou Bin, Yao Jiuhua
United Nations Security Fund: Wu Wei
Ruiteng Investment: Sissi
Participating unit / piece Changjiang Securities Company Limited(000783) asset management: name of each person (signature)
China Securities Co.Ltd(601066) asset management: Meng Shi
Shenwan Hongyuan Group Co.Ltd(000166) : Liu Jingjing
BAOYING Fund: Chen Jinwei, Rong Zhineng
Xinya Electronic Co.Ltd(605277) director and chief financial officer Chen Huahui
Yang Wenhua, director and deputy general manager of Xinya Electronic Co.Ltd(605277) listed company
Name of receptionist Xinya Electronic Co.Ltd(605277) board secretary and deputy general manager Huang Juan (Huang Juan)
Xinya Electronic Co.Ltd(605277) securities affairs representative Chen Jing
Question 1: according to the company’s 2021 annual report, what is the reason for the decline of the company’s gross profit margin in the fourth quarter?
Answer: the main reasons for the slight decline of the company’s gross profit margin in 2021 are: ① large fluctuations in the price of raw materials. According to the principle that the company’s pricing model is “cost + target gross profit”, copper is the main raw material of the company, and its price rise can be transmitted through appropriately raising the product price. Therefore, the rise and fluctuation of copper price has little impact on the target gross profit of the product, but it will have an impact on the gross profit margin of the product; At the same time, the price rise of raw and auxiliary materials such as PVC powder last year could not be transmitted immediately, which also had a partial impact on the gross profit margin of products; ② In addition, the impact of epidemic factors, the global export freight rose sharply. Question 2: is there any change in the company’s product structure in 2021?
Answer: in 2021, the company’s main product revenue was 10838116 million yuan for consumer electronics and industrial control wire rod, with a year-on-year increase of 44.72%; Special wire rod revenue investor relations activities
232149400 yuan, a year-on-year increase of 49.03%; High frequency data wire revenue 857971 dynamic content record
Million yuan, a year-on-year increase of 92.63%; The revenue of automotive electronic wire rod was 450956 million yuan, a year-on-year increase of 90.18%. Consumer electronics and industrial control wires are still the firm disk of the company, accounting for 73.53%. High frequency data wire rod and automotive electronic wire rod increased by 92.63% and 90.18% respectively year-on-year, with a good growth trend. At the same time, the sales of high frequency data wire rod and automotive electronic wire rod will be matched with consumer electronics and industrial control wire rod. The product structure of the company has not changed greatly, but the application of wire rod in new fields has increased well.
Question 3: what is the capacity of the company’s high-frequency data line in 2021?
Answer: the high-frequency data wire produced by the company is mainly the connecting wire of SAS computer system. As the connecting channel of large server data throughput, it is composed of conductor, insulating layer, ground wire, shielding layer, film fixing layer and so on. The company’s high-frequency data wire products have been widely used in the connection of motherboard and backplane, motherboard and hard disk in large server storage system. In 2021, the production of high-frequency data line was 165200 kilometers, an increase of 82.54% over the previous year. In terms of the number of machines, the number of machines increased by 66.67%, and the company’s production increased again
It is a flexible production line, which can adjust the production capacity of products according to different needs of customers. Question 4: the company’s annual report mentioned that it will expand to the field of automotive electronics in 2022. What are the company’s plans in this regard? Answer: the company has been deeply engaged in the field of automotive electronic wire rod. It obtained iatf16949 automotive industry quality system certification more than ten years ago. It has the production capacity of automotive wire and has accumulated some customer resources. This year, the company plans to further expand into the field of automobile wire rod. The company has a good foundation in the R & D and certification of high-voltage wire rod for new energy vehicles, prepares the capacity reserve of relevant automobile wire rod production lines, introduces and strengthens the professional technology and management team of automobile wire rod, contacts the automobile harness manufacturers and the customers of the whole automobile factory, and vigorously expands the market share of high-voltage wire rod for new energy vehicles while continuing to expand the field of automobile low-voltage electronic wire rod, Realize the parallel development of high and low voltage double track of automobile wire rod. Question 5: how to build the company’s sales force? Answer: the company has established a perfect marketing network, which can quickly connect with customers, respond to customer needs and improve the competitiveness of the company. The company is also expanding its sales team outside China, hiring marketing talents with rich industry experience, especially Japanese professional marketing talents, developing new customers around the world, improving the company’s brand awareness, expanding market sales channels and enhancing the company’s global competitiveness. Question 6: is the amount of construction in progress of the company in 2021 relatively large? Answer: the projects under construction are mainly the investment projects raised by the company, which are “capacity expansion construction project of intelligent fine CNC wire rod with an annual output of 3.85 million kilometers” and “construction project of technology R & D center”. As of December 31, 2021, the company has used a total of 2807613 million yuan of raised funds to successfully complete the main construction projects of 1 plant, 2 plant, office R & D building and employee living complex building.
Q7: is the net profit ring relatively low in the fourth quarter of 2021?
Answer: the reasons for the relatively low net profit ring in the fourth quarter of 2021 are: the expenses paid by equity incentive shares, the rise in the price of raw and auxiliary materials such as PVC powder, the outer covering material of electronic wire rod, and the rise in export freight.
Question 8: what is the main development of the company in 2022?
Answer: the consumer electronics and industrial control wire rod, automotive electronic wire rod, high-frequency data wire rod and special wire rod produced by the company have a wide range of application fields, which are closely related to the development of leading industries such as large consumption, “new infrastructure”, 5g, AI, industrial Internet and artificial intelligence, large health care, photovoltaic new energy, big data and emerging technologies, and digital Intellectualization, informatization and networking are inseparable and have broad development prospects. Facing the opportunities and challenges, on the basis of continuing to steadily develop consumer electronics and industrial control wires, automotive electronics wires, high-frequency data wires and special wires, the company closely follows the industrial development trend, constantly develops emerging application fields such as medical health, photovoltaic and new energy technology, strengthens the industrial chain around the main industry, and realizes healthy and sustainable development.
List of accessories (if none)
(yes)
Date: March 2022
