Securities code: Essence Fastening Systems (Shanghai) Co.Ltd(301005) securities abbreviation: Essence Fastening Systems (Shanghai) Co.Ltd(301005) Announcement No.: 2022007 summary of 2021 annual report of Chaojie fastening system (Shanghai) Co., Ltd. I. important tips the summary of this annual report is from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, Investors shall carefully read the full text of the annual report in the media designated by the CSRC. All directors of the company personally attended the meeting of the board of directors to consider this annual report. The audit opinion of Tianjian Certified Public Accountants (special general partnership) on the company’s financial report this year is: standard unqualified opinion. Changes of accounting firm during the reporting period: the accounting firm of the company changed from to Tianjian accounting firm (special general partnership) this year. Tips on non-standard audit opinions □ applicable √ not applicable the company was not profitable at the time of listing and is not profitable at present □ applicable √ not applicable to the profit distribution plan of common stock or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable
The company’s profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 57126903 shares as the base, distribute cash dividends of 5.00 yuan (including tax) to all shareholders for every 10 shares, send 0 bonus shares (including tax), and increase 8 shares for every 10 shares to all shareholders with capital reserve.
Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Essence Fastening Systems (Shanghai) Co.Ltd(301005) Stock Code: Essence Fastening Systems (Shanghai) Co.Ltd(301005)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Li Hongtao, Li sisi
Office address: No. 39, Lane 100, fengshuo Road, Jiading District, Shanghai
Fax 02159907111
Tel: 02159907242
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period (I) main business
The company is mainly engaged in the research and development of high-strength fasteners for connecting automotive interior and exterior lamps, turbocharging systems and other key products, such as automotive seat and exhaust systems, and is committed to the long-term sales of automotive interior and exterior fastening 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. During the reporting period, the company’s business has not changed.
After years of R & D investment and continuous accumulation, the company has established good cooperative relations with major downstream primary suppliers of parts and vehicle manufacturers. The products are mainly supplied to well-known primary suppliers of auto parts at home and abroad, such as Fuao Ishikawa island, Huayu vision, Garrett, Bosch, fogia, Magna, Valeo, Haila, andoto, Deren, Shanghai Lingzhong, Ningbo Fengwo, boma technology, Valeo Siemens, etc, Terminal OEMs are Volkswagen, GM, Geely, great wall, Nissan, GAC Fick, Weilai, Byd Company Limited(002594) , SAIC passenger cars, ideal, Xiaopeng and other vehicle manufacturers, among which Weilai and Byd Company Limited(002594) are direct suppliers. In the electronics and communication industries, the company’s products are mainly used in household appliances and communication base station antennas. The end customers include Daikin Air conditioner, Panasonic, sharp, Toshiba, Leibo electric, Ericsson and other well-known enterprises.
The company has become a leading manufacturer in the automotive fastener industry, providing high-quality high-strength precision fasteners and special-shaped connector products for the automotive industry. In recent years, it has won honors such as Shanghai “specialized and special new” small and medium-sized enterprises, Shanghai Jiading District small giant enterprises, Shanghai top 100 high-tech achievement transformation, Shanghai Jiading District comprehensive strength Award for advanced manufacturing industry, Shanghai Lingzhong excellent supplier, Wuxi Weifu excellent supplier and so on. In order to achieve business and technological innovation and achieve long-term sustainable high-quality growth, the company breaks through the traditional business ideas, deeply cultivates the R & D and production of key special-shaped automobile connectors, adopts the innovative R & D mode of combined application of various molding technologies such as cold heading molding, precision machining and injection molding, enriches the product types of special-shaped connectors of the company, meets the changing needs of the market, and improves the competitive advantage and profitability of the company. (II) main products
According to different materials, the company’s products can be divided into two categories: metal and plastic.
1. Metal products
Metal products can be divided into three categories: screws and bolts, special-shaped connectors and other products. Among them, screws and bolts are metal products processed by cold heading process. They are mainly used for the connection and fastening of parts in interior and exterior decoration systems such as car seats, lamps and rearview mirrors, chassis and body systems of new energy vehicles, new energy electronic control and other modules, as well as household appliances, electronic equipment, communication base station equipment, etc; Special shaped connectors are metal products mainly formed by the combined process of cold heading and precision machining. They are mainly used to fasten and connect key parts in modules such as automobile power system turbocharger, exhaust system, shift and parking control system, new energy vehicle power exchange system and so on; Other products mainly include gaskets, nuts, etc.
2. Plastic products
Plastic fasteners are used in automobile, electronic and electrical appliances and communication industries. (III) operation of the company during the reporting period
During the reporting period, in the face of epidemic situation, shortage of automobile chips, rising prices of raw materials, instability of overseas supply chain, regional power restriction and other difficult factors, the company adhered to the business philosophy of “people-oriented and customer-oriented”, the business style of “sincere cooperation, win-win sharing, customer first and excellence”, closely focused on the development strategy and business objectives set at the beginning of the year, adhered to making progress while maintaining stability, and carried out various work in a solid and meticulous manner, Strengthen internal control and management, and carry out production and operation steadily.
1. Integration of new and old industries
With the deep integration of the automobile industry and the information and communication industry, the automobile industry is changing. The mutual integration of industries has gradually become the norm of the industry. The integration of automobile and energy, information and communication and other fields has accelerated. Lightweight, electrification and intelligence have become the development trend of the automobile industry. Based on years of industrial technology accumulation, the company has 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 6 utility model patents. During the reporting period, the company’s 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.
2. Technology research and development
The company continues to increase investment in product R & D and introduce high-end imported testing equipment and R & D equipment to meet the changes of market demand, including Zeiss metallographic microscope, jomesa cleanliness test system, tonas CN lathe, Emak, etc., which are used to study metal materials, cold working technology, heat treatment, surface treatment and other research related to the technology 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 the past year, the company applied for a number of invention patents and utility model patents, including 12 authorized by the national patent department and 1 application for the transformation of scientific and technological achievements in Shanghai; In addition, the company has strengthened cooperation with the main engine plant and made many important breakthroughs in new energy vehicle projects, including new energy power exchange components, connecting fasteners for new energy chassis and body, fasteners for electronic control system, etc.
3. Market and product development
During the reporting period, the company dug deep into customer needs and actively explored new customers, with a new sales revenue of 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. According to the company’s understanding, the end users of new energy vehicle products include Tesla, Byd Company Limited(002594) , ideal vehicle, Xiaopeng automobile, Volkswagen, Weilai, etc.
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.
4. Significant progress has been made in the IPO project
On June 1, 2021, the company successfully issued and listed its shares on the growth enterprise market of Shenzhen Stock Exchange, realizing the important goal of the company’s strategic development. The successful listing of the company has laid a solid foundation for the development of the company. In the future, the company will take the listing as an opportunity, take the implementation of raised investment projects as the cornerstone, never forget its original intention and forge ahead, further cultivate in the auto parts industry, strive to develop its main business, improve the overall strength of the company, strengthen the competitive advantage of the company, create competitiveness for customers with high-quality service and give back to investors with excellent performance.
3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: 10000 yuan
By the end of 2021, by the end of 2020, by the end of 2019 compared with the end of last year
reduce
Total assets 88030673946534 123.06% 3178465
Net assets attributable to shareholders of listed companies 77396982693595 187.34% 2230849
20212020 year-on-year increase or decrease 2019
Operating income 39397083446549 14.31% 306502
Net profit attributable to shareholders of listed companies 758642812746 – 6.66% 442121
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 706971781666 – 9.56% 449706
Net cash flow from operating activities 723395710656 1.79% 527598
Basic earnings per share (yuan / share) 1.52 1.90 – 20.00% 1.03
Diluted earnings per share (yuan / share) 1.52 1.90 – 20.00% 1.03
Weighted average return on net assets: 14.37%, 33.40% – 19.03%, 21.63%
(2) Quarterly main accounting data
Unit: 10000 yuan
First quarter second quarter third quarter
