Securities code: Sunwoda Electronic Co.Ltd(300207) securities abbreviation: Sunwoda Electronic Co.Ltd(300207) Announcement No.: Xin 2022070 Sunwoda Electronic Co.Ltd(300207) 2021 annual report summary
1、 Important note: the summary of this annual report comes from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
The audit opinion of ShineWing Certified Public Accountants (special general partnership) on the company's financial report this year is: standard unqualified opinion. Changes of accounting firm during the reporting period: the accounting firm of the company was changed from Lixin Accounting firm (special general partnership) to ShineWing accounting firm (special general partnership) this year. Tips on non-standard audit opinions □ applicable √ not applicable the company was not profitable at the time of listing and is not profitable at present □ applicable √ not applicable to the profit distribution plan of common stock or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable
The company's profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 1718957276 as the base, distribute cash dividend of 0.70 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 shares (including tax), and transfer capital reserve to all shareholders for every 10 shares.
Profit distribution plan for preferred shares adopted by the board of directors during the reporting period □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Sunwoda Electronic Co.Ltd(300207) stock code Sunwoda Electronic Co.Ltd(300207)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Zeng Yu, Liu Rongbo
Office address: 2 Yihe Road, Shilong community, Shiyan street, Bao'an District, Shenzhen
Fax: 075529517735
Tel: 075527352064
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
During the reporting period, the company engaged in the R & D and manufacturing business of lithium-ion battery modules. The main products are lithium-ion battery modules, which belong to the field of green energy. As an important part of the new energy field, lithium-ion battery industry is being highly valued and strongly supported by governments all over the world. It has developed rapidly and is widely used in mobile phones, laptops, wearable devices, electric vehicles, power tools, electric bicycles, energy Internet, energy storage and other fields. The company's products also cover lithium-ion batteries, power management systems, precision structural parts, intelligent manufacturing and other fields. At present, the company has become one of the lithium-ion battery module manufacturers with the strongest design and R & D capacity, the most complete supporting capacity and the largest product series in the field of lithium energy in China. It has successfully entered the supply chain of many well-known manufacturers at home and abroad, and has broad prospects for development in the future.
In 2021, the company achieved a total operating revenue of 37.359 billion yuan, a year-on-year increase of 25.82%; The net profit attributable to the parent company was 916 million yuan, with a year-on-year increase of 14.18%. During the reporting period, under the trend of increasingly fierce market competition, Sunwoda Electronic Co.Ltd(300207) intensively cultivated and actively cooperated with the needs of international and Chinese customers, the market share gradually increased, the customer recognition and satisfaction further improved, the stable growth of the company's income and net profit was realized, and the company's core competitiveness was further consolidated and improved, It has become the world's leading manufacturer of lithium batteries.
During the reporting period, the company continued to implement the "PPS" strategy. Under the situation of increasingly fierce market competition, Sunwoda Electronic Co.Ltd(300207) intensively cultivated, actively cooperated with the needs of international and Chinese customers, gradually increased market share, further improved customer recognition and satisfaction, realized the stable growth of the company's income, further consolidated and improved the company's core competitiveness, and has become a leading lithium battery manufacturer in the world.
During the reporting period, the company's traditional core business continued to develop steadily, the revenue of consumer lithium battery business continued to grow, the production scale of consumer cell business gradually expanded, and the production rate increased steadily. With the increase of self supply proportion, the added value of products will be effectively improved and the overall profitability of the company will be improved; The electric vehicle battery business is progressing smoothly.
During the reporting period, although the epidemic and global chip shortage hindered supply, with the gradual release of suppressed consumer demand, global smartphone shipments resumed growth for the first time in four years. Benefiting from the recovery and growth of the industry, the company's mobile digital business realized a revenue of 20.795 billion yuan, an increase of 26.77% year-on-year. The company has been deeply engaged in the consumer lithium battery industry for many years. After years of accumulation, the mobile phone digital lithium-ion battery module products have been highly recognized by the market. The company has become the main supplier of front-line mobile terminal manufacturers in China and abroad. During the reporting period, the company expanded the production of consumer lithium battery modules and lithium-ion batteries by issuing shares to specific objects. With the continuous improvement of the status of China's first-line consumer products and supply chain, the proportion of supply companies will be further improved. In the future, the company will continue to strengthen research and development, strengthen quality management, design and produce new products for 5g mobile phones and folding screen mobile phones, so as to improve the added value of unit products and provide guarantee for the growth of the company's performance.
During the reporting period, global notebook computer shipments continued to grow at a high speed and reached a new high driven by consumer demand such as distance education and home office.
Driven by new incremental opportunities, the company's notebook lithium battery products are adopted by many well-known manufacturers at home and abroad. In addition, with the continuous improvement of customer penetration, the company's notebook battery business continues to grow, with a revenue of 54.5% in 2021 1.9 billion yuan, an increase of 30.57% over 2020. With its core competitiveness such as technical reserves, quality control, supply chain resources and automatic production lines, the company's notebook lithium battery business serves the world's leading brand manufacturers and has been recognized by many high-quality customers at home and abroad, providing an important guarantee for the sustained and rapid growth of future performance. In the future, the company's notebook lithium battery will gradually increase its market share, continue to expand global leading notebook brand customers, further improve the penetration and share of the industry, and become an important business growth point in the field of consumer batteries in the next 3-5 years.
The company's consumer cell business is also in a period of rapid growth: the company's annual capacity expansion plan has been successfully completed, the subsidiary Zhejiang Liwei phase I has achieved mass production, and the subsidiary Dongguan lithium microelectronics minicell fully automated production line has been transformed and put into use. The company has made great efforts to increase R & D investment, and has made continuous breakthroughs in product performance upgrading, category enrichment and cutting-edge technology R & D. At the same time, we strengthened cooperation with leading enterprises in the industry in the research and development and supply of materials, enriched the supply chain and improved its robustness. With the continuous improvement of the company's competitive advantages in R & D, quality control, supply chain management, production capacity and automation, the application field and high-end customer base of the company's products continue to expand, and the shipment volume and market share climb to a new high.
In the field of power battery business, the company has formulated a clear "three complete" strategic plan around the development of power battery. After early dedicated investment and deep cultivation, the technical strength and development potential of power battery have been more and more deeply recognized by many well-known automobile enterprises at home and abroad, and the product maturity and stability have been further verified by batch application in the market, The management system and operation system of power battery have continuously passed the strict audit of high-end customers at home and abroad and have been fully recognized. (1) In terms of performance, the revenue of power battery in 2021 was 2.933 billion yuan, an increase of 584.67% over last year. According to the data of China automotive power battery industry innovation alliance, the total shipment of power batteries in 2021 was 3.52gwh. (2) In terms of product development, the company adheres to the strategy of "focus + differentiation" and has established a systematic and mature "five layer security design". Power battery products focus on square aluminum shell cells, covering Bev, HEV, 48V and other application markets. Among them, the Bev product system covers the ternary material system with long endurance and high energy density ratio and the lithium iron phosphate material system with low cost and long life. The company deeply participates in the development of new platform models for core customers and makes differentiated performance development according to the needs of different market segments. In addition to the application in the field of vehicle, the company's lithium iron phosphate products have obtained the type approval certificate of China Classification Society, which has expanded the application in the field of electric ships, and has realized the batch delivery of ship differentiated products. The performance, process and equipment maturity of HEV and 48V products of the company are leading in the industry, forming a deep market brand strength. In addition to international customers such as Nissan, Renault and Mitsubishi alliance, it has cooperated with most customers with HEV demand in China and will start mass delivery in 2022. (3) In terms of market development, the company has successively received fixed-point letters from many vehicle enterprises, such as Dongfeng Liuqi Lingzhi cm5ev, Dongfeng E70, Geely PMA platform, SAIC zs12 platform and so on; In terms of energy storage application, the company has launched comprehensive cooperation with the head company and will deliver it in batches in mid-2022; In the field of fast charging, the product maturity and stability are leading in the industry, and has won the designated models of many head customers. At present, the company has established cooperative relations with many well-known automobile manufacturers at home and abroad, and established synchronous joint development mechanism with customers on mainstream models in many markets. Automobile enterprises that have established cooperative relations include Renault, Nissan, yijiete, Geely, Dongfeng, GAC, SAIC GM Wuling, SAIC passenger cars, etc. In addition, the first national standard in the field of power exchange drafted by the company, safety requirements for power exchange of electric vehicles (GB / T 400322021), has been implemented and applied. (4) In terms of production and manufacturing process control, the company continues to provide customers and the market with high safety, high reliability and high stability power lithium batteries with excellent process control ability and advanced production equipment manufacturing capacity. At the same time, Sunwoda Electronic Co.Ltd(300207) market service has passed the national "five-star after-sales service" certification to escort customers' market development and stable operation. The company adheres to the concept of sustainable development. In 2021, the company passed the AA level enterprise of the green development index of the automobile industry, practiced the enterprise's green and low-carbon operation through innovative development and green development, and helped the realization of the national "double carbon" goal.
In terms of energy storage business, the company focuses on electric energy storage, network energy storage, home energy storage and portable energy storage. Among them: (1) in the field of data center and communication power supply: Sunwoda Electronic Co.Ltd(300207) has established a full industry chain network energy and commercial power storage business relationship with customers, and orders have increased significantly. The company has reached in-depth cooperation with a number of main equipment manufacturers, and has made some progress in the cooperation of telecom operators in Europe, South Asia, Africa and other regions. At the same time, it also provides customized standby power storage solutions for many well-known data center customers. (2) Household energy storage and portable energy storage: in terms of household energy storage, the company provides customers with lithium battery standard modules and integrated systems through cooperation with leading brands and channels of new energy at home and abroad. The products have been widely used in the Americas, Europe, Africa, Southeast Asia and other regions. In terms of portable energy storage, the company provides complete ODM services for leading brands and channels, and a variety of products have been shipped in batches. (3) Electric energy storage: focusing on new energy developers and EPC manufacturers outside China, great breakthroughs have been made in cooperation with new energy side outside China and major power generation enterprises in China, and energy storage projects with a scale of more than 10mwh such as 13.3mwh in Africa, 30mwh in Datong, Shanxi and 24mwh in Xinhe, Hebei have been won. (4) Smart energy: the demonstration project of the national key R & D plan "demonstration of multi energy complementary, integrated and optimized distributed energy system" undertaken by the company passed the acceptance with excellent results. Relying on the core technology of the project, the company expanded the smart energy business in the park, carried out clean energy substitution with the goal of "reducing carbon and cost", strengthened the coordination and interaction among sources, networks, loads and storage, and improved the comprehensive energy utilization efficiency, Build a diversified energy supply intelligent guarantee system, face a variety of application scenarios and provide customers with integrated "zero carbon" solutions.
In the field of intelligent hardware, the company takes the opportunity of providing customers with consumer lithium batteries, in order to meet customers' one-stop procurement needs, enhance customer stickiness, and further expand the multi field cooperation of customers in the whole industry chain. The company has been engaged in intelligent hardware terminal business for many years. It is a provider of intelligent home terminal, intelligent medical terminal, intelligent travel terminal, human-computer interaction (electronic capacitive pen) service and product integration in the industry. In the future, the company will further enrich product categories, improve the scientific and technological content of products, and strive to build an intelligent manufacturing platform and innovation platform.
During the reporting period, based on the development needs, the company actively increased R & D investment and carried out R & D on electric vehicle cell, BMS, energy storage system and new materials. The company has carried out industry university research cooperation with many well-known Chinese universities and scientific research institutes, such as Shenzhen International Graduate School of Tsinghua University and Songshanhu material laboratory, in lithium battery technology, battery materials and other fields.
In order to cooperate with the company's future continuous expansion and the implementation of industrial chain strategy integration, the company has formed eight production bases, including Shenzhen Bao'an, Shenzhen Guangming, Huizhou BOLUO, Jiangsu Nanjing, Zhejiang Lanxi, New Delhi, India, Shandong Zaozhuang and Jiangxi Nanchang. In the future, the company will build two new bases, Zhuhai, Guangdong and Shifang, Sichuan, to expand the enterprise's production and manufacturing capacity, optimize the manufacturing layout and improve the company's overall comprehensive competitiveness
