On the evening of April 7, Essence Fastening Systems (Shanghai) Co.Ltd(301005) ( Essence Fastening Systems (Shanghai) Co.Ltd(301005) ) released the annual report for 2021. The report shows that in 2021, the company achieved an operating revenue of 394 million yuan, a year-on-year increase of 14.31%; The net profit attributable to the shareholders of the listed company was 758642 million yuan, a year-on-year decrease of 6.66%.
Essence Fastening Systems (Shanghai) Co.Ltd(301005) it is proposed that the total share capital be 57126900 shares. The company plans to distribute a cash dividend of RMB 5.00 (tax included) to all shareholders for every 10 shares, with a total cash dividend of RMB 285635 million (tax included). Every 10 shares will be converted into 8 shares with capital reserve. After this conversion, the total share capital of the company will increase to 102.8 million shares.
With the deep integration of automobile industry and information and communication industry, lightweight, electrification and intelligence have become the development trend of automobile industry Essence Fastening Systems (Shanghai) Co.Ltd(301005) actively expanded to the field of new energy vehicles, developed a series of fasteners and special-shaped connectors for new energy vehicles, and applied for and obtained 6 utility model patents.
In 2021, Essence Fastening Systems (Shanghai) Co.Ltd(301005) fasteners applied to new energy vehicles have been sold, with a sales amount of 20.39 million yuan and a gross profit margin of more than 46%. At present, the metal fastener products that have formed sales revenue are mainly used for the welding of seats, electric control inverters and motors and automobile chassis of new energy vehicles, and the end customers are Tesla, great wall, Weilai, etc; The plastic fastener products that have generated sales revenue are mainly powertrain systems applied to new energy vehicles, and the end customers are Volkswagen, Byd Company Limited(002594) , SAIC, GM, etc.
In terms of R & D, the company continued to increase investment in product R & D and introduced high-end imported testing equipment and R & D equipment to meet the changes of market demand, including Zeiss metallographic microscope and jomesa cleanliness test system, which are used to study metal materials, cold working technology, heat treatment, surface treatment and other research related to the technical field of new energy vehicles. During the reporting period, the R & D expenses of the company and its subsidiaries totaled more than 19.7 million yuan, a year-on-year increase of 24.14%.
In terms of market and product development, in 2021, Essence Fastening Systems (Shanghai) Co.Ltd(301005) actively explored new customers and increased sales revenue by 493159 million yuan. The company has 36 new customers, and the new orders on hand are about 100 million yuan. At present, the company has provided new energy vehicle related parts for Bosch, Weilai, SAIC, Byd Company Limited(002594) and other customers. During the reporting period, more than 490 mass-produced products were added, including 121 new energy auto parts; In addition, the company actively expands the business of hydrogen energy auto parts. The hydrogen energy Bosch eac80 project and SAIC times power exchange project are in the sample supply stage. Weilai for and Shentong Tesla project have become the official suppliers of customers.
According to the public information, Essence Fastening Systems (Shanghai) Co.Ltd(301005) is committed to the R & D, production and sales of high-strength precision fasteners, special-shaped connectors and other products. The products are mainly used for the connection and fastening of key automobile parts of automobile engine turbocharging system, shift and parking control system, automobile exhaust system, automobile seat, lamp, rearview mirror and other interior and exterior decoration systems. In new energy vehicles, the products are mainly used in battery tray, chassis and body, electronic control inverter and other modules. In addition, the company’s fastener products are also used in electronic and electrical appliances, communications and other industries.
