The annual report of Chengdu Haoneng Technology Co.Ltd(603809) ( Chengdu Haoneng Technology Co.Ltd(603809) . SH) of about 9000 shareholders was released, which was also a smooth turnover, with a net profit of 200 million yuan.
It is reported that Chengdu Haoneng Technology Co.Ltd(603809) main business is the R & D, production and sales of parts and components related to automobile transmission system and precision manufacturing of aviation parts. It was listed on November 28, 2017. In 2021, the company achieved an operating revenue of 1.444 billion yuan, a year-on-year increase of 23.35%, a net profit of 200 million yuan, a year-on-year increase of 12.9%, a deduction of non net profit of 172 million yuan, an increase rate of 8.87%, and a basic earnings per share of 0.6751 yuan. From the historical data, the net profit of Chengdu Haoneng Technology Co.Ltd(603809) 2021 reached a new high since listing, and even a new high since 2012.
Chengdu Haoneng Technology Co.Ltd(603809) said that the growth rate of the company’s net profit in 2021 was lower than that of its operating revenue, which was mainly due to the implementation of the 2020 restricted stock incentive plan and the amortization of equity incentive expenses of 33.544 million yuan during the reporting period. The growth of the company’s operating revenue and net profit attributable to the parent company is mainly due to the comprehensive competitive advantages formed by high-quality customer structure, excellent R & D strength, advanced manufacturing equipment, excellent process technology, stable and reliable product quality and successful optimization and upgrading of product structure. Specifically, the revenue of passenger car business, commercial vehicle business and export business continued to grow; Customer orders continued to increase in volume, and some new projects entered the stage of capacity release; New projects such as differential and AMT gradually achieved mass production during the reporting period; The successful acquisition and integration of haoyiqiang and Qingzhu machinery by the company has provided new impetus and guarantee for the rapid growth of the company. It is also a key measure for the company to improve its business layout and practice its strategy.
However, it is worth noting that Chengdu Haoneng Technology Co.Ltd(603809) the operating cost of auto parts manufacturing increased by 14.5% and that of aviation parts manufacturing increased by 325.06%. Although the annual sales gross profit margin was 35.26%, similar to that of the previous year, the sales gross profit margin in the fourth quarter of 2021 was 23.36%, which decreased significantly. In this regard, Chengdu Haoneng Technology Co.Ltd(603809) said on the interactive platform that “the decline of gross profit margin in the fourth quarter of 2021 is also related to the shortage of chips in the automotive industry, the decline of commercial vehicle sales, the rise of raw material prices, the company’s differential and other new businesses are in the initial stage and the high cost”.
In terms of differential, according to the disclosure in the annual report, Luzhou Haoneng plans to gradually form the casting and machining capacity of differential housing in 2022, so as to build the differential products into one of the main businesses with comprehensive competitiveness integrating shell casting, machining, half tooth forging, machining, heat treatment and assembly, and is expected to form an annual production capacity of 5 million differential sets in 2025.
In addition, referring to the field of new energy vehicles, Chengdu Haoneng Technology Co.Ltd(603809) describes that during the reporting period, the company has carried out a number of cooperation with Volkswagen, Geely, great wall, Dongfeng and other customers in differential parts and assembly products for new energy vehicles, and some products have been mass produced. Among them, the EDS differential assembly independently designed by the company is matched with the new energy vehicle krypton 001, and has been in the climbing stage of mass production. This is also a new profit growth point cultivated by Chengdu Haoneng Technology Co.Ltd(603809) for itself.
As for the distribution plan, Chengdu Haoneng Technology Co.Ltd(603809) has maintained a consistent style. In 2021, it is planned to transfer 10 shares to 3 shares and pay 2 yuan (including tax), with a total dividend of 605775 million yuan. Before that, in 2020, Chengdu Haoneng Technology Co.Ltd(603809) once paid 3 yuan (tax included) for 10 to 4 shares, 2 yuan (tax included) for 2019, 5 yuan (tax included) for 2018 and 10 yuan (tax included) for 2017.
