Affected by the decline in revenue of main products and the increase in period expenses, the net profit of Zhejiang Wellsun Intelligent Technology Co.Ltd(300882) ( Zhejiang Wellsun Intelligent Technology Co.Ltd(300882) . SZ) decreased in 2021. The announcement released by the company on April 11 shows that in 2021, the company achieved an operating revenue of 546 million yuan, a decrease of 4.34%; The net profit attributable to the owners of the parent company was 651781 million yuan, down 25.37%; The net cash flow from operating activities was 122 million yuan, an increase of 221.02%. The company plans to pay a cash dividend of 0.5 yuan (including tax) for every 10 shares.
The reporter of economic information daily noted that during the reporting period, the company’s total period expenses were 109 million yuan, an increase of 30.28%, and the period expense rate was 19.92%, an increase of 5.92 percentage points, a new high since 2017.
Zhejiang Wellsun Intelligent Technology Co.Ltd(300882) is mainly engaged in the R & D, production and sales of smart meters, power information acquisition systems and other products, and is committed to providing professional metering products for customers in power and other industries outside China. At present, the company’s main products include smart meters (single-phase smart meters, three-phase smart meters), power information acquisition system (collector, concentrator, special transformer acquisition terminal).
From the perspective of income structure, smart meters are the company’s main source of income. In terms of specific products, the company’s smart meter achieved an operating revenue of 260 million yuan in 2021, a decrease of 15.40% compared with the previous year, and the gross profit margin was 34.64%, an increase of 0.46 percentage points compared with the previous year; The operating income of the power consumption information acquisition system was 866464 million yuan, a decrease of 40.85%, and the gross profit margin was 35.17%, a decrease of 4.38 percentage points; The operating income of other products was 199 million yuan, an increase of 70.44%, and the gross profit margin was 21.12%, an increase of 7.06 percentage points.
In terms of period expenses, during the reporting period, the company’s sales expenses were 426954 million yuan, an increase of 50.87% over the previous year, mainly due to the company’s continuous increase in market development investment and new product promotion; The management fee was 261464 million yuan, an increase of 20.02%; The financial expenses were -7.4409 million yuan, a decrease of 290.50%, mainly due to the increase of interest income; The R & D cost was 474458 million yuan, an increase of 34.15%, mainly due to the company’s further increase in R & D investment.
For the business plan for 2022, Zhejiang Wellsun Intelligent Technology Co.Ltd(300882) said that the company closely followed the strategic development direction of building a new power energy Internet enterprise proposed by the State Grid, accurately grasped the strategic development opportunity period brought by the national double carbon economy and the 14th five year plan of the industry, integrated the development objectives of the company into the innovation driven development strategy of the industry, and formulated the medium and long-term strategic development plan and the objectives of the business plan for 2022, Adhering to the enterprise spirit of “self-improvement and pursuit of excellence”, according to its own technical advantages, reasonably arrange industrial planning, strengthen internal control management, expand domestic and foreign markets, adhere to scientific and technological innovation, seek progress while maintaining stability, and improve the core competitiveness of the company.
On April 11, Zhejiang Wellsun Intelligent Technology Co.Ltd(300882) closed at 14.22 yuan / share, down 3.27%.
