Bethel Automotive Safety Systems Co.Ltd(603596) 2021 net profit increased by nearly 10%

On April 8, Bethel Automotive Safety Systems Co.Ltd(603596) disclosed the annual report of 2021, realizing a revenue of 3.492 billion yuan, a year-on-year increase of 14.81%; The net profit attributable to the parent company was 505 million yuan, a year-on-year increase of 9.33%.

During the reporting period, the company strengthened market development, actively developed new customers and further optimized the customer structure on the basis of stabilizing existing customers. In 2021, the company was developing 189 projects involving 96 new models, including 67 new energy projects and 35 new energy models. In 2021, 160 fixed-point projects were added, involving 90 new models. According to the customer planning dimension prediction: the total contribution income of the new fixed-point projects in the whole life cycle of that year exceeds 11 billion yuan, and the annual average contribution income is nearly 2.5 billion yuan, including 63 new energy vehicle projects and 40 new energy vehicle models. 83 items of electronic parking brake system (EPB), 11 items of brake by wire (wcbs), 9 items of ADAS, 2 items of electric tailgate opening and closing system (PLG) and 17 items of lightweight were added. Meanwhile, the company put into operation 119 projects in 2021, involving 57 models, including 43 new energy vehicle projects and 23 new energy models.

Bethel Automotive Safety Systems Co.Ltd(603596) said that the company will firmly grasp the opportunities brought by the development trend of intelligent, lightweight and new energy in the automobile industry to the field of automobile braking system, adhere to independent technological innovation and brand construction, accelerate the upgrading of basic mechanical braking products, vigorously promote the industrialization and marketization of electric control products, improve the development layout of new technologies and new products of intelligent driving system, and comprehensively enhance the comprehensive strength of the enterprise, Strive to build the company into a provider of automotive braking system integration solutions with leading technology, excellent brand, excellent products and excellent service.

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