Chengdu Xiling Power Science & Technology Incorporated Company(300733)
Annual report for 2021
April 2022
Section I important tips, contents and definitions
The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities.
Wei Xiaolin, the person in charge of the company, Yang Hao, the person in charge of accounting, and Wang Xianfeng, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in this annual report.
All directors have attended the meeting of the board of directors to consider this report.
1. Market risk
In the field of auto parts manufacturing, the company’s main products have a certain market position and strong comprehensive competitiveness, but the market demand is greatly affected by the macroeconomic environment, national policies and industry development. If the company cannot effectively respond to the changes of market demand, it will have a great impact on the company’s operation; In the manufacturing field of military products and civil aviation structural parts, it is quite different from the original market of the company. If the market cannot be effectively developed and recognized by customers in the future, it will have a certain impact on the business development of the company. In this regard, the company will pay close attention to the changes in the macroeconomic and industrial situation, closely follow the market trend, timely adjust the business strategy, continuously improve the business efficiency, strengthen cost control and maintain the overall competitive advantage of the company in the market.
2. Risk of changes in preferential tax policies
The company is a high-tech enterprise recognized by Sichuan Provincial Department of science and technology, Sichuan Provincial Department of finance, State Administration of Taxation and Sichuan Taxation Bureau, and holds the high-tech enterprise certificate No. gr202151000371; According to the enterprise income tax law of the people’s Republic of China (Order No. 63 of the president of the people’s Republic of China), the announcement on the continuation of the enterprise income tax policy for the western development (Announcement No. 23 of 2020 of the Ministry of finance, the State Administration of Taxation and the National Development and Reform Commission) According to the catalogue of encouraged industries in the western region (version 2020) and the catalogue of guidance for industrial structure adjustment (version 2019) (Order No. 29 of the national development and Reform Commission in 2019) issued by the national development and Reform Commission, the power parts and xinsanhe of the company and its subsidiaries comply with the preferential policies of enterprise income tax for western development and can pay enterprise income tax at the preferential tax rate of 15%. The company and its subsidiaries pay enterprise income tax at the rate of 15%. If the company cannot continue to enjoy the preferential tax policies for the western development of high-tech enterprises and subsidiaries, the company cannot continue to pay the enterprise income tax at the preferential tax rate of 15% but needs to pay the enterprise income tax at the tax rate of 25%, which will have a certain impact on the company’s profit level and operating performance. In this regard, the company will continue to invest in R & D, promote the development of the company with innovation and enhance the profitability of the company.
3. Raw material market price fluctuation risk
The raw materials of the company mainly include round steel, scrap steel, coated sand, rubber compound, etc., and the cost of raw materials accounts for a high proportion of the cost of main business. The price of raw materials purchased by the company follows the pricing principle of market-based pricing. The fluctuation of the market price of main raw materials will have an impact on the production cost and operating performance of the company. In this regard, the company will continue to strengthen raw material inventory management, optimize supplier structure, broaden raw material supply channels, strengthen communication with suppliers and product cost control, and reduce the impact of raw material price fluctuations.
4. Risk of insufficient technological innovation and product R & D
Since its establishment, the company has been committed to the R & D and production of key auto engine parts. It has the core technology of precision machining of auto parts such as crankshaft torsional damper core technology, connecting rod core technology, camshaft core technology and casting core technology. It has strong professional manufacturing technology and rich manufacturing experience in this field. If the company’s R & D capability cannot be continuously improved in the future, or it cannot accurately grasp the development trend of relevant products and carry out necessary technological innovation, the company may lose its comparative advantage in the R & D field due to lagging technological innovation and insufficient technological reserves, and then face the risk of affecting the company’s long-term business performance due to the inability to provide products that meet the market demand. In this regard, the company will continue to invest in the research and development of new technologies and products, promote the innovation of production technology and the market application of new products, and promote the sustainable and stable development of the company.
5. Risks of changes in the automotive industry
At present, major countries in the world, including China, are vigorously developing new energy vehicles. In recent years, the new energy vehicle market has grown rapidly, and the production and sales volume has increased rapidly. It is expected that the market penetration will continue to increase in the future. At present, the leading product of the company’s auto parts business is auto engine parts, which are mainly used in traditional internal combustion engine vehicles. If new energy vehicles occupy the dominant position in the market in a short time in the future, and the company fails to take appropriate countermeasures and realize the product transformation in time, the company’s operation will be significantly and adversely affected. In this regard, the company adheres to the business strategy of paying equal attention to auto parts, military products and civil aviation parts, and strives to enter the field of new energy auto parts, strengthen new product research and development, enhance the company’s core competitiveness and maintain the stability of the company’s operation.
The company’s profit distribution plan reviewed and approved by the board of directors is: taking 172123019 as the base, distribute cash dividend of 0.00 yuan (including tax) to all shareholders for every 10 shares, give bonus shares of 0 shares (including tax), and transfer capital reserve to all shareholders for every 10 shares.
catalogue
Section I important tips, contents and definitions Section 2 company profile and main financial indicators 8 section III Management Discussion and Analysis Section IV corporate governance 38 Section V environmental and social responsibility 55 section VI important matters 57 Section VII changes in shares and shareholders Section VIII preferred shares 78 section IX relevant information of bonds 79 section x financial report eighty
Directory of documents for future reference
(I) financial statements containing the signatures and seals of the person in charge of the company, the person in charge of accounting and the person in charge of accounting institutions; (II) xyzh / 2022cdaa90116 audit report issued by ShineWing certified public accountants; (III) Chengdu Xiling Power Science & Technology Incorporated Company(300733) the resolution of the 2nd and 14th meetings of the 3rd board of directors.
interpretation
Explanatory item refers to the explanatory content
The company, the company, the issuer, Chengdu Xiling Power Science & Technology Incorporated Company(300733) refers to Chengdu Xiling Power Science & Technology Incorporated Company(300733)
The group refers to Chengdu Xiling Power Science & Technology Incorporated Company(300733) and its branches and subsidiaries
Articles of association and articles of association refer to Chengdu Xiling Power Science & Technology Incorporated Company(300733) articles of association
Power parts refer to Chengdu Chengdu Xiling Power Science & Technology Incorporated Company(300733) Parts Co., Ltd
Xiling Airlines refers to Chengdu Xiling Aviation Technology Co., Ltd
Xiling new kinetic energy refers to Chengdu Xiling new kinetic energy technology Co., Ltd
Xiling Hongyuan refers to Chengdu Xiling Hongyuan mechanical equipment manufacturing Co., Ltd
Jiayijia refers to Sichuan jiayijia Technology Co., Ltd
Xinsanhe refers to Chengdu xinsanhe electromechanical New Technology Development Co., Ltd
Company Law refers to the company law of the people’s Republic of China
Securities Law refers to the securities law of the people’s Republic of China
The utility model relates to an air compressor, which uses the inertial impulse of the exhaust gas discharged by the engine to push the turbine in the turbocharger of the turbine chamber. The turbine drives the coaxial impeller, which presses the air sent by the air filter pipe to pressurize it into the cylinder.
The increase of air pressure and density can make the fuel burn more fully, improve the output power, and achieve the effect of reducing fuel consumption, energy conservation and emission reduction
The crankshaft torsional shock absorber is installed on the crankshaft. Its main function is to transmit the power generated by the engine. The crankshaft torsional shock absorber and belt pulley refer to other parts that need power from the crankshaft, absorb the vibration generated by the crankshaft, and prevent the failure of the engine and automobile caused by the crankshaft vibration, And reduce the noise generated by engine operation
The camshaft assembly is one of the core components in the valve train. Its main function is to drive and control the camshaft assembly. The camshaft refers to the timing and time of opening and closing the valves of each cylinder, so as to make the combustion more sufficient and the engine performance more excellent
The connecting rod assembly and connecting rod refer to the connecting rod assembly connecting the piston and the crankshaft. Its function is to convert the reciprocating motion of the piston into the rotating motion of the crankshaft
CSRC refers to the China Securities Regulatory Commission
Section II Company Profile and main financial indicators
1、 Company information
Stock abbreviation Chengdu Xiling Power Science & Technology Incorporated Company(300733) stock code Chengdu Xiling Power Science & Technology Incorporated Company(300733)
Chinese name of the company Chengdu Xiling Power Science & Technology Incorporated Company(300733)
Chinese abbreviation of the company Chengdu Xiling Power Science & Technology Incorporated Company(300733)
Foreign language name of the company (if any): chengduxilingpowerscience & technology incorporated company
The legal representative of the company is Wei Xiaolin
Registered address: No. 298, Tengfei Avenue, Qingyang District, Chengdu
Postal code of registered address 610091
There is no historical change of the company’s registered address
Office address: No. 298, Tengfei Avenue, Qingyang District, Chengdu
Postal code of office address: 610091
The company’s Internet website is www.xlqp.com com.
E-mail [email protected].
2、 Contact person and contact information
Secretary of the board of directors and securities affairs representative
Name: Yang Hao, he Xinzhu
Contact address: No. 298, Tengfei Avenue, Qingyang District, Chengdu
Tel: 02887078355
Fax: 02887072857
E-mail [email protected]. [email protected].
3、 Information disclosure and preparation location
Shenzhen Stock Exchange (www.szse. CN.)
The media name and website of the annual report disclosed by the company include Securities Daily, securities times, China Securities News, Shanghai Securities News and cninfo
