Tederic Machinery Co.Ltd(603289) ( Tederic Machinery Co.Ltd(603289) . SH) announced after hours on April 7 that in 2021, the company achieved an operating revenue of 1.098 billion yuan, a year-on-year increase of 25.71%; The net profit attributable to the shareholders of the parent company was 142 million yuan, a year-on-year increase of 64.04%. The company's overall operating performance reached a record high. The company plans to distribute a cash dividend of 2 yuan (including tax) to all shareholders for every 10 shares.
Tederic Machinery Co.Ltd(603289) is one of the major injection molding machine suppliers in China, vice president unit of China Plastics Machinery Industry Association and vice president unit of Zhejiang Machinery Industry Federation. From 2011 to 2021, the company was selected as "top 15 enterprises in China's plastics injection molding machine industry" and "top 30 enterprises with comprehensive strength in China's plastics machine manufacturing industry" for 11 consecutive years.
In 2021, benefiting from the continued prosperity of the industry, the domestic and foreign sales orders of main products maintained year-on-year growth, the production and sales of main products were booming, the production scheduling was tight and orderly, and the company's operating revenue maintained year-on-year growth. The company's overall operating revenue was 1.098 billion yuan, a year-on-year increase of 25.71%.
Injection molding machines are the main source of the company's operating revenue. During the reporting period, the sales volume of injection molding machines was 3143, with a year-on-year increase of 27.82%, and the operating revenue was 1.079 billion yuan, with a year-on-year increase of 26.63%, accounting for 98.35% of the operating revenue in 2021.
During the reporting period, the operating cost of the company was 774 million yuan, a year-on-year increase of 22.26%. Affected by the growth of operating revenue and the rise of raw material prices, the operating cost increased year-on-year, but lower than the growth rate of 25.71% of operating revenue. From the perspective of operating cost structure, due to the growth trend of raw materials, labor, manufacturing expenses and contract performance costs, and the rise of accounting methods such as inland freight and sea freight and expenses, the growth rate of contract performance costs is relatively large, and the overall structure of operating costs remains stable.
In 2021, the overall gross profit margin of the company was 29.44%. The company adjusted the sales price policy, upgraded the product structure, strengthened cost control, gave full play to the cost advantage of its complete industrial chain and increased the proportion of export operating revenue, an increase of 1.99 percentage points compared with 27.45% in 2020. From the perspective of product structure, the gross profit margin of the whole injection molding machine was 29.31%, with a year-on-year increase of 1.90 percentage points; The gross profit margin of accessories and labor services was 36.92%, a year-on-year increase of 7.92 percentage points.
At the end of the reporting period, the balance of the company's projects under construction was 138 million yuan, an increase of 510.59% year-on-year, mainly due to the increase in the construction of the company's headquarters building and Tongxiang manufacturing base.
The company said that in the future, it will consolidate and maintain the traditional advantages of existing injection molding machine products, actively develop two-board injection molding machines, all electric injection molding machines and multi-component series, focus on the research and development of various new products of large-scale, intelligent, fast, precise and energy-saving injection molding machines, and build the company into an international mainstream supplier of injection molding machines and an international mainstream service provider providing overall solutions for automatic and intelligent production centered on the company's injection molding machines. Through global supply chain cooperation, provide customers with overall solutions (intelligent injection molding system turnkey factory), from customer demand analysis, investment return budget, risk analysis, factory planning and construction, MES system customization, injection molding machine and peripheral equipment matching, mold and automatic product matching, training, to intelligent injection molding factory delivery and service. Through professional services, customers can solve their investment needs in a one-stop way, while increasing the business volume and customer adhesion of Teri.
