Yinbang Clad Material Co.Ltd(300337) ( Yinbang Clad Material Co.Ltd(300337) , SZ) announced on the evening of April 13 that it signed a commercial contract with Valeo group to supply aluminum alloy composite and non composite materials to Valeo group and its subsidiaries or their designated supporting companies. The contract amount is expected to be about 2 billion yuan (excluding tax). In February this year, Yinbang Clad Material Co.Ltd(300337) also signed an order of 250 million yuan (excluding tax).
As a member of the new energy vehicle industry chain, the company’s business in the first quarter met expectations and realized a net profit attributable to the parent company of 405323 million yuan, a year-on-year increase of 279.76%.
signed an order of 2 billion yuan
Valeo is an industrial group headquartered in France engaged in the design, development, production and sales of auto parts, systems and modules. The business involves the original supporting business and after-sales business. It is an auto parts supplier and provides supporting services for all major auto factories in the world.
On April 13, Yinbang Clad Material Co.Ltd(300337) signed a commercial contract with Valeo group. The listed company will supply aluminum alloy composite and non composite materials to Valeo group and its subsidiaries or their designated supporting companies according to the actual business plan of Valeo group. The performance period of the contract is three years.
The estimated amount of the above commercial contract is about 2 billion yuan (taking the recent aluminum ingot price and US dollar exchange rate as the reference). The pricing mode of the contract is “aluminum ingot + processing fee”. The aluminum ingot price refers to the average aluminum ingot price in a period of time before the order confirmation of the Yangtze River non-ferrous metal spot market. The processing fee is determined by the company and customers through negotiation taking into account the factors such as product specification and process.
In 2019, 2020 and 2021, the sales amount between Yinbang Clad Material Co.Ltd(300337) and Valeo was 371 million yuan, 334 million yuan and 437 million yuan respectively, accounting for 18.33%, 14.11% and 13.68% of the total sales of that year.
. The successful performance of the contract is expected to have a positive impact on the operating performance of the listed company in 2022.
Meanwhile, Yinbang Clad Material Co.Ltd(300337) said that the company has the ability to perform the contract. Capital, personnel, technology and production capacity can ensure the smooth performance of the contract. It is estimated that after the contract takes effect, the contract amount will account for about 62.60% of the company’s operating revenue in the latest audited fiscal year (2021). The smooth performance of the contract will increase the company’s operating revenue and operating profit from 2022 to 2024. The signing and performance of the contract does not affect the business independence of the company, and there is no dependence on the other party of the contract due to the performance of the contract.
first quarter net profit soared
In addition to the above orders, Yinbang Clad Material Co.Ltd(300337) also won a large order this year. On February 18, Yinbang Clad Material Co.Ltd(300337) announced that it would sign a sales contract with OneGene Inc. (hereinafter referred to as OneGene) to supply aluminum alloy composite and non composite materials for water cooling sectors for new energy vehicles according to OneGene’s actual business plan. The contract amount is expected to be about 250 million yuan (excluding tax), and the performance period of the contract is one year.
Yinbang Clad Material Co.Ltd(300337) said that it is expected that after the contract takes effect, the contract amount will account for about 10.55% of the operating revenue in 2020. The smooth performance of the contract will increase the operating revenue and operating profit of the company in 2022.
On the evening of April 11, Yinbang Clad Material Co.Ltd(300337) released the first quarterly report of 2022. During the reporting period, the listed companies achieved an operating revenue of 858 million yuan, an increase of 20.26% year-on-year; The net profit attributable to the parent company was 405323 million yuan, a year-on-year increase of 279.76%. The net cash flow from operating activities was -5.5617 million yuan, and the total assets as of the end of the reporting period was 3.725 billion yuan.
According to the annual report of the company in 2021, Yinbang Clad Material Co.Ltd(300337) the operating revenue mainly comes from metal composites. In terms of industry, in 2021, the operating revenue of Yinbang Clad Material Co.Ltd(300337) metal composite business was 3.068 billion yuan, accounting for 96.02% of the operating revenue, and the operating revenue of equipment manufacturing business was 975116 million yuan, accounting for 3.05% of the operating revenue.
In terms of cost, the sales expenses of Yinbang Clad Material Co.Ltd(300337) decreased. The sales expenses in 2021 were 181523 million yuan, a year-on-year decrease of 10.87%, but the management expenses, financial expenses and R & D expenses increased, with a year-on-year increase of 15.11%, 18.06% and 27.68% respectively.
