Huali Industrial Group Company Limited(300979) : the net profit in 2021 increased by nearly 50% year-on-year, and 210 million pairs of sports shoes were sold

Huali Industrial Group Company Limited(300979) 4 released the 2021 annual report on the evening of April 7, which said that the company sold 210 million pairs of sports shoes last year, with a year-on-year increase of 29.46%; The operating revenue was RMB 17.47 billion, with a year-on-year increase of 25.40% (excluding the impact of exchange rate changes, with a year-on-year increase of 34.09%); The net profit attributable to the shareholders of the listed company was RMB 2.768 billion, a year-on-year increase of 47.34% (excluding the impact of exchange rate changes, a year-on-year increase of 57.55%).

The company has strong capacity to develop new factories and increase production efficiency in response to the global demand for sports shoes through the implementation of lean factory expansion and other measures. At the same time, the company also actively promoted cooperation with new brands. ASICs, on and new balance all achieved mass production and shipment during the reporting period.

In order to cope with the growth of orders, the company actively expands and optimizes production capacity. During the reporting period, three new factories have been put into operation and the production capacity has climbed rapidly. At the same time, the company has assisted the production capacity of the original factories by building additional plants and purchasing plants. Based on the strong demand of customers' expected orders, the company will continue to invest in new factories in northern Vietnam. Considering the requirements of decentralized allocation of manufacturing capacity, the company also began to invest in the construction of large manufacturing bases in Indonesia.

In addition, the company continues to promote automation. Through the wide popularization of automatic equipment such as computer needle car, cold adhesive shoe hydraulic press, automatic shoe folding box machine and automatic screen printing, as well as the promotion and wide use of self-developed and self created auxiliary clamping tools such as "computer car tongue connecting process", "automatic folding innovative splint", "computer needle car non-stop circular sewing", "glue brushing support" and "auxiliary fixture for shoelace wearing", the quality and stability of products are improved, At the same time, improve the production efficiency and improve the working comfort of employees.

The company continued to promote management standardization, informatization and digitization, continued to promote lean production, improved development efficiency through a number of management improvement projects, and improved the delivery capacity and operation level of mass production plants.

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