On April 8, Hefei Taihe Intelligent Technology Group Co.Ltd(603656) ( Hefei Taihe Intelligent Technology Group Co.Ltd(603656) , SH) released the annual report of 2021. In 2021, the company achieved an operating revenue of 519 million yuan, a year-on-year increase of 9.23%; The net profit attributable to the parent company was 384047 million yuan, a year-on-year decrease of 11.56%; Deducting non net profit loss of 8.6448 million yuan, a year-on-year decrease of 138.78%.
For the deduction of non net profit loss, Hefei Taihe Intelligent Technology Group Co.Ltd(603656) it is explained that the amortization of equity incentive expenses in this period is large due to the implementation of the 2020 restricted stock incentive plan; Material prices and sea freight rise, and product costs and sales costs rise accordingly; The exchange rate of the US dollar against the RMB decreased, and the export revenue decreased accordingly.
On April 8, Hefei Taihe Intelligent Technology Group Co.Ltd(603656) closed at 11.64 yuan / share, down 0.60%.
the gross profit margin of three main products decreased
Hefei Taihe Intelligent Technology Group Co.Ltd(603656) as a high-tech enterprise specializing in the R & D, production and sales of special equipment for intelligent detection and classification and its application software, it has a number of fist products in the field of separation of agricultural and sideline products and ores, and has established an advantageous competitive position.
According to the annual report of 2021, Hefei Taihe Intelligent Technology Group Co.Ltd(603656) main products include three categories: intelligent detection and sorting equipment for various purposes such as rice, cereals and ores; Vertical packaging machine, heavy bag packaging machine, powder filling machine, secondary packaging machine and other intelligent packaging equipment; Intelligent loading system, stacking Siasun Robot&Automation Co.Ltd(300024) and other industrial Siasun Robot&Automation Co.Ltd(300024) and complete sets of automation equipment.
In 2021, the operating revenue of the company’s intelligent detection and sorting equipment, industrial Siasun Robot&Automation Co.Ltd(300024) , and intelligent packaging equipment was 418 million yuan, 136533 million yuan, and 774239 million yuan respectively, with a year-on-year increase of 2.15%, 30.44%, and 74.39% respectively, of which the revenue of intelligent detection and sorting equipment accounted for 80.52%.
However, in 2021, Hefei Taihe Intelligent Technology Group Co.Ltd(603656) the output and sales volume of intelligent detection and sorting equipment decreased, but the cost increased greatly.
The annual report shows that last year, the company produced 2400 sets of intelligent detection and sorting equipment and sold 2526 sets, with a year-on-year decrease of 11.31% and 3.81% respectively; Among the cost components, the direct material cost was 159 million yuan, a year-on-year increase of 5.70%; The direct labor cost was 307442 million yuan, a year-on-year increase of 30.83%; The manufacturing cost reached 261143 million yuan, a year-on-year increase of 108.72%, more than doubling.
In addition, the reporter of the daily economic news noted that in 2021, the gross profit margin of Hefei Taihe Intelligent Technology Group Co.Ltd(603656) three categories of products decreased to varying degrees. Among them, the gross profit margin of intelligent detection and sorting equipment was 46.73%, a year-on-year decrease of 5.77 percentage points; The gross profit margin of industrial Siasun Robot&Automation Co.Ltd(300024) products was 11.76%, a year-on-year decrease of 6.07 percentage points; The gross profit margin of intelligent packaging equipment products was 20.54%, a year-on-year decrease of 2.07 percentage points.
Overall, the gross profit margin of main business in Hefei Taihe Intelligent Technology Group Co.Ltd(603656) 2021 was 41.81%, a year-on-year decrease of 7.05 percentage points. The company said that on the one hand, the proportion of sales of intelligent packaging equipment with low gross profit margin increased; On the other hand, the gross profit margin of intelligent detection and sorting equipment decreased due to the decline of sales price, the decline of US dollar against RMB exchange rate, the rise of raw material price and sea freight price.
new products are expected to open the technical gap with competitive products
According to Hefei Taihe Intelligent Technology Group Co.Ltd(603656) introduction, since its establishment, the company has always attached great importance to the reserve and output of technology research and development. During the reporting period, the company continued to increase R & D investment, explore and develop forward-looking innovative technologies, effectively promote technological progress and innovation, and achieved phased R & D results.
The reporter of the daily economic news noted that according to the 2021 annual report, Hefei Taihe Intelligent Technology Group Co.Ltd(603656) R & D investment reached 64.256 million yuan, accounting for 12.39% of the operating revenue. Previously, in 2019 and 2020, the company’s R & D expenditure was 501922 million yuan and 552777 million yuan respectively, accounting for 13.03% and 11.64% of the operating revenue in the same period respectively.
Hefei Taihe Intelligent Technology Group Co.Ltd(603656) said that the company insists on taking R & D as the core driving force for enterprise development and continues to introduce high-tech talents. Now it has a professional technical team of more than 200 people, including 70 people with master’s degree or above, which ensures a strong talent reserve for R & D and development. The company continues to invest in R & D and has formed core technologies such as AI vision technology, CCD / CMOS sensing technology, digital twin technology and independent planning and decision-making technology.
On September 22, 2021, Hefei Taihe Intelligent Technology Group Co.Ltd(603656) said on the investor interaction platform that the first generation PIDs intelligent dry coal separator produced by the company and Tianjin Meiteng TDS intelligent dry coal separator are belt separators, which can be used for coal preparation. There is a certain competitive relationship between the two companies. In addition, the company is developing the second generation of vertical coal separator, which will have the characteristics of faster processing speed, larger processing capacity and wider applicability.
In the 2021 annual report, Hefei Taihe Intelligent Technology Group Co.Ltd(603656) said that during the reporting period, the company’s second-generation vertical coal sorter has completed the research and development and testing of the whole machine, which is expected to open the technical gap with the competitive products of the same industry and become the next important growth point in the field of ore separation of the company. In addition, the company has broken through the core technology of vertical coal separation. The particle size of the second generation dry coal separator can reach 13mm, and the treatment effect and speed have been significantly improved.
According to the annual report of 2021, during the reporting period, Hefei Taihe Intelligent Technology Group Co.Ltd(603656) obtained 97 patents. By the end of the reporting period, the company had 44 invention patents, 243 utility models, 24 appearance patents and 95 software copyrights.
