Zhejiang Yinlun Machinery Co.Ltd(002126)
Financial budget report for 2022
According to the company's development strategic plan, according to the caliber of consolidated statements, based on the 2021 audit report and the 2022 business plan, the company has prepared the financial budget for 2022 through analysis and research. The main indicators are as follows: I. financial budget for 2022
According to the current market situation, in 2022, the company's operating revenue will be guaranteed to reach 8.8 billion yuan and strive to reach 9.2 billion yuan, of which the revenue of new energy products will account for more than 25%. Strengthen cost control, ensure that the annual net profit margin of sales increased by 1-2 percentage points year-on-year, and maintain a stable operating cash flow.
The financial budget of 2022 is the guiding document for the company's operation this year. The plan is formulated by the company according to the market demand, production capacity and other comprehensive factors. It does not mean that the company's 2022 profit forecast can be realized or not, which depends on many factors, such as the macroeconomic environment, market conditions, industry development and the efforts of the company's management team. There is uncertainty, so investors should pay special attention.
2、 Measures taken to ensure budget completion
1. Adjust the assessment orientation. The assessment of the management team by the board of directors of the company has changed from focusing on scale to focusing on benefits, of which benefit indicators account for 51%, quality Three Guarantees account for 25%, and fixed-point new projects account for 24%.
2. Change the assessment method, carry out contracted operation in subsidiaries, factories and other business entities, implement Commission on excess profits, stimulate the enthusiasm of business entities to increase revenue and reduce costs, and change from asking me to do it to asking me to do it.
3. Strictly implement comprehensive budget management, reduce non rigid expenditure, significantly reduce the cost rate during the period, and narrow the gap with excellent peers. The office of the board of directors and the financial headquarters jointly track, review and supervise the annual budget of each business entity month by month and quarter by quarter, assess and hold accountable the last three business entities in the business indicators every month, and organize strength empowerment assistance to quickly upgrade the difficult problems, which will be led by the higher level until the general manager and the chairman. Reward the business entities that exceed the business indicators.
4. Continue to increase R & D investment in new energy thermal management products to ensure the rapid growth of the company's new energy business and continue to maintain its leading position in the field of traditional thermal management.
5. Make full use of the advantages of localized manufacturing layout, improve product competitiveness and expand market share;
This proposal still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
Zhejiang Yinlun Machinery Co.Ltd(002126) board of directors
April 12, 2022
