Securities Announcement No.: Zhejiang Yinlun Machinery Co.Ltd(002126)
Bond Code: 127037 bond abbreviation: Silver wheel convertible bond
Zhejiang Yinlun Machinery Co.Ltd(002126)
Summary of annual report 2021
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
Tips of non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of common stock or the plan of converting accumulation fund into share capital during the reporting period reviewed by the board of directors √ applicable □ not applicable whether to convert accumulation fund into share capital □ yes √ no the company’s profit distribution plan of common stock reviewed and approved by the board of directors is: Based on 792116159, the company will distribute cash dividend of 0.80 yuan (tax included) to all shareholders for every 10 shares and bonus shares of 0 share (tax included), No accumulation fund shall be converted into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Zhejiang Yinlun Machinery Co.Ltd(002126) stock code Zhejiang Yinlun Machinery Co.Ltd(002126)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Chen Min, Xu Lifen
Office address: No. 8, Shifeng East Road, Fuxi street, Tiantai County, Zhejiang Province No. 8, Shifeng East Road, Fuxi street, Tiantai County, Zhejiang Province
Fax: 057683938806
Tel: 057683938250
E-mail Zhejiang Yinlun Machinery Co.Ltd(002126) @yinlun.cn. The Zhejiang Yinlun Machinery Co.Ltd(002126) @yinlun.cn.
2. Introduction to main business or products during the reporting period
(I) main business and main products
1. Main business of the company
Focusing on the four product development main lines of “energy conservation, emission reduction, intelligence and safety”, the company focuses on the R & D, production and sales of heat management products such as heat exchanger between oil, water, gas and refrigerant, automobile air conditioner and related products of post-treatment exhaust system.
2. Main products of the company
The company’s products are divided by application fields, mainly including new energy, passenger cars, commercial vehicles, engineering machinery, industrial heat exchange and other fields. The products are shown in the figure below:
(1) New energy vehicle product series
(2) Traditional passenger car product series
(3) Commercial vehicle product series (4) construction machinery product series
(5) Engine aftertreatment product series (6) emerging fields: Industrial civil product series
(II) main customers
The main customers in the field of new energy vehicles are Volvo, Porsche, Weilai, Xiaopeng, Weima, GM, Ford, Contemporary Amperex Technology Co.Limited(300750) , Geely, great wall, GAC, Byd Company Limited(002594) , Yutong, Jiangling, Chang’an, etc;
The main customers in the field of fuel cells are Beijing Sinohytec Co.Ltd(688339) , SAIC Maxus, etc;
The main customers in the field of passenger cars are Ford, GM, BMW, Renault, manhumer, Jaguar Land Rover, GAC Mitsubishi, Dongfeng Nissan, Toyota, Geely, GAC, great wall, Chang’an, Byd Company Limited(002594) , SAIC, etc;
The main customers in the field of super sports cars are Ferrari, Audi, Mercedes Benz, Lamborghini, Bentley, BMW, McLaren, Ford, etc;
The main customers in the field of commercial vehicles include Daimler, Cummins, Navistar, Scania, Faw Jiefang Group Co.Ltd(000800) , Dongfeng Automobile Co.Ltd(600006) , Sinotruk Jinan Truck Co.Ltd(000951) , BAIC Foton, Yuchai, Xichai, Weichai, etc;
The main customers in the field of construction machinery include caterpillar, John Deere, Sumitomo, XCMG, Longgong, Sany Heavy Industry Co.Ltd(600031) , Kubota, etc.
The main customers in the field of civil air conditioning are Gree, Midea, Haier, Hisense, Samsung, LG, Tianshu, etc.
The main customers of industrial / civil heat exchange sector include abb, Cummins, Carter, MTU, Gree, Midea, Haier, Hisense, Samsung, LG, Tianshu, etc. (III) industry development
The company mainly produces heat management products such as heat exchanger, automobile air conditioner and tail gas treatment products. The industry belongs to automobile parts manufacturing industry. The operation and development of the company is mainly affected by the development of downstream automobile industry. On the whole, in 2021, under the background of the overall stable and continuous recovery of China’s macroeconomic operation, the development toughness of the automobile industry will continue to maintain. As an important pillar industry of the national economy, the automobile industry is in the key stage of transformation and upgrading. Under the changing situation, the automobile industry has generally maintained stable development in recent years, which has played an important supporting role in the stable and good development trend of macro-economy. According to the statistics of the China Industrial Association, the production and sales of 263.8 million cars in 2018 and 2023.8 million cars in three consecutive years ended, respectively. (IV) competitive position of the company
The company is a state-level high-tech enterprise and the leading formulation unit of the heat exchanger industry standard of China Gas Turbine Standardization Technical Committee. It has established a national technical research center, a national test and testing center, a provincial key enterprise research institute, a provincial engineering laboratory and a national postdoctoral scientific research workstation.
After more than 40 years of development, the company has developed into a leading enterprise in China’s automotive heat management industry, with China’s top mass production capacity of heat exchangers and China’s top systematic technical reserves of automotive heat exchangers. It is one of the largest suppliers of commercial and construction machinery heat management, and has established a strong competitive advantage in the field of traditional commercial vehicles, passenger vehicles and construction machinery heat management. It has also developed for many years in the tail gas treatment industry and has certain competitiveness. Now it is gradually developing the field of new energy passenger vehicle heat management and industrial heat exchange.
At present, the company has a number of high-quality customer resources at home and abroad. It is a supplier of many well-known OEMs and auto enterprises in the world. Its products have been highly recognized by customers. In recent years, the company has gradually signed strategic cooperation agreements and asset cooperation with core customers, forming a reliable and win-win business partnership.
The company will continue to adhere to the three strategic directions of “accelerating international development, realizing technology leadership and improving comprehensive competitiveness”, commit to providing heat exchange solutions in the field of automotive heat exchange, and strive to build the company into a respected excellent enterprise in the field of heat management.
3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 11988887522088985624540668 21.64% 84241063559
Net assets attributable to shareholders of listed companies 440014982352393778609618 11 74% 3,729627,295.93
20212020 year-on-year increase or decrease 2019
Operating income 781641593090632418652970 23.60% 552074364253
Net profit attributable to shareholders of listed company 2203743396532158308575 – 31.47% 31767715602
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 207912560502 Guangdong Songyang Recycle Resources Co.Ltd(603863) 0406 – 20.15% 17285525834
Net cash flow from operating activities 3745792635945617357849 – 17.89% 68858482823
Basic earnings per share (yuan / share) 0.28 0.41 – 31.71% 0.4
Diluted earnings per share (yuan / share) 0.28 0.41 – 31.71% 0.4
Weighted average return on net assets 5.28% – 3.12% – 8.60%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 199933447809205514055787177735548337198458541157
Net profit attributable to shareholders of listed company 1051922061770174981674035278685465436496
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 8811695863677320881728891466142317204756
Net cash flow from operating activities -30934027131087898261529087302612585043845
Whether the above financial indicators or their total amount are significantly different from the financial indicators related to the quarterly report and semi annual report disclosed by the company □ yes √ No 4. Share capital and shareholders (1) number of ordinary shareholders and preferred shareholders with voting rights restored and shareholding of the top 10 shareholders
Unit: shares
Disclosure date of ordinary annual report at the end of the reporting period one day before the disclosure date of voting annual report at the end of the reporting period
Total number of shareholders: 27395 preferred shares of ordinary 35097 recovered at the end of the previous month 0 of voting rights recovered at the end of the previous month 0
Total number of shareholders of preferred shares
Shareholding of top 10 shareholders
Shareholder name shareholder nature shareholding proportion shareholding quantity holding limited sale condition pledge, marking or freezing
