Lingyi Itech (Guangdong) Company(002600) 47 issued the annual report for 2021. During the reporting period, the company achieved an operating revenue of 30.384 billion yuan, an increase of 7.97% year-on-year; The net profit is 1.180 billion yuan; The company also announced that it plans to use its own funds to repurchase the company’s shares in the form of centralized bidding transaction for equity incentive or employee stock ownership plan. The total repurchase amount is no more than 600 million yuan and no less than 300 million yuan, and the repurchase price is no more than 8 yuan / share, demonstrating the company’s confidence in its own business development prospects.
In 2021, the company’s revenue of precision functional parts, structural parts and modules reached 22.168 billion yuan, a year-on-year increase of 1.87%; Charger and high-quality assembly achieved a revenue of 5.605 billion yuan, a year-on-year increase of 48.60%; The revenue of automobile products was 444 million yuan, a year-on-year increase of 141.54%; The material business achieved a revenue of 1.254 billion yuan, a year-on-year increase of 33.48%. The company invested 1.937 billion yuan in scientific research, a year-on-year increase of 6.46%, accounting for 6.38% of revenue. It focused on products in consumer electronics, new energy vehicles, clean energy and other fields. From product design innovation to synchronous research and development of production automation equipment, the technical strength was significantly enhanced.
In 2021, the company added 697 authorized patents, with a year-on-year increase of 49.40%. By the end of 2021, the company had 2108 authorized patents abroad, including 119 invention patents, 2 American invention patents, 4 Japanese utility model patents, 1935 utility model patents and 48 design patents; It has 329 software copyrights.
The ultra-thin stainless steel soaking sector independently developed by the company has the characteristics of strong corrosion resistance, excellent mechanical properties and low cost. In 2021, it obtained customer orders and realized automatic mass production. The company has initially established R & D laboratories such as thermal management module R & D center, mechanical engineering R & D center, advanced material R & D center, electromagnetic R & D center and modeling and simulation center. In the future, the company will continue to focus on strengthening technology R & D and technology accumulation in subdivided fields such as new energy vehicles, wearable devices, AR / VR devices, clean energy sources, medical devices, communication devices and Internet of things devices, so as to consolidate its core competitiveness, Lay the foundation for long-term development.
The company continues to explore in the field of material business, creatively improve material performance and perfectly adapt upstream products to middle and downstream products; The company pushes through the old and brings forth the new in modules and other businesses to meet the various needs of end customers beyond expectations; The company selectively expanded its business to a high-quality assembly business with strong innovation, rapid growth, deep coordination and high profit, built an integrated competitive advantage of “materials – precision functional parts and structural parts – modules – product assembly” and established a leading position in the whole industrial chain. In 2021, the revenue of the company’s finished product business chargers and high-quality assembly products increased by 48.60% to 5.605 billion yuan year-on-year, accounting for 18.45% of the total revenue. The vertical integration strategy was smoothly promoted and achieved remarkable results.
In 2021, the company will continue to expand its industrial boundaries with its R & D, production capacity and scale advantages in the field of lean manufacturing, actively explore new customers and product lines in the strategic layout of emerging tracks such as new energy vehicles, AR / VR and clean energy, and continuously improve the comprehensive competitiveness of the enterprise. Acquired Zhejiang Jintai Electronics Co., Ltd. in June 2021; In July, it was announced that it plans to invest in the construction of battery precision structural parts project in Jingmen, Hubei Province, so as to realize the integration of leading technologies of precision structural parts of new energy vehicles and international market resources; In August, the company’s Suzhou Lingyi precision opened, focusing on manufacturing high-end precision injection molding structural parts, aiming to provide international key customers with all-round services in the direction of AR / VR business. At present, the company has cooperated with leading customers in the field of AR / VR, and the business has entered a new growth period.
According to the company, saierkang overseas plant, a subsidiary of the company, is involved in the field of clean energy. At present, the plant has mass production business of photovoltaic inverter assembly. At the same time, the magnetic materials produced by the company can also be applied to the field of new energy, which is expected to open up more new business opportunities through the further construction of the magnetic material product line.
