On April 8, Lanzhou Greatwall Electrical Co.Ltd(600192) disclosed the annual report of 2021. In 2021, the company achieved an operating revenue of 2.066 billion yuan, a year-on-year increase of 0.06%; The net loss attributable to the shareholders of the listed company was 128 million yuan, 195 million yuan in 2020 and 323 million yuan in two years.
As for the main reason for the performance loss, Lanzhou Greatwall Electrical Co.Ltd(600192) said that it was mainly affected by the rising price of raw materials and the adverse factors of the epidemic.
In addition, Lanzhou Greatwall Electrical Co.Ltd(600192) also accrued a credit impairment loss of 564742 million yuan in 2021, resulting in a decrease of 564742 million yuan in the total profit of the consolidated statements.
In 2021, the basic raw materials represented by steel and copper materials rose sharply, in which the price of steel increased from 4600 yuan / ton to about 7200 yuan / ton, with a year-on-year increase of 56.5%, and the price of copper increased from 48000 yuan / ton to about 72500 yuan / ton, with a year-on-year increase of 51%. The rise of raw materials has led to the high production and operation costs of the company, further compressing the company’s meager profit space. The annual report shows that the operating cost of Lanzhou Greatwall Electrical Co.Ltd(600192) 2021 was 1.884 billion yuan, a year-on-year increase of 4.3%. The comprehensive gross profit margin was 8.83%, a year-on-year decrease of 3.7 percentage points.
By industry, Lanzhou Greatwall Electrical Co.Ltd(600192) mainly engaged in electrical and electrical business and bulk material purchase and sales business. In 2021, the gross profit margins of the two businesses were 9.99% and 0.9% respectively, with a year-on-year decrease of 4.18 percentage points and 0.23 percentage points respectively; The operating revenue was 1.78 billion yuan and 249 million yuan respectively, with a year-on-year decrease of 0.31% and 1.13% respectively. As the photovoltaic project of Lanzhou Greatwall Electrical Co.Ltd(600192) has completed the completion acceptance, no relevant business will be carried out in 2021. The operating income of photovoltaic projects decreased by 359 million yuan, a year-on-year decrease of 97.03%, and the operating income in the same period last year was 370 million yuan.
