Securities code: Zhejiang Founder Motor Co.Ltd(002196) securities abbreviation: Zhejiang Founder Motor Co.Ltd(002196) Announcement No.: 2022024 Zhejiang Founder Motor Co.Ltd(002196) 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. Objection statement of directors, supervisors and senior managers
Name title content and reason
The risk warning of the objection statement of directors, supervisors and senior managers: in addition to the following directors, other directors personally attended the meeting of the board of directors to consider this annual report
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 on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares 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 plans not to distribute cash dividends, bonus shares or convert accumulation fund 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 Founder Motor Co.Ltd(002196) stock code Zhejiang Founder Motor Co.Ltd(002196)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Mou Jianshu Linyan
Office address: No. 73, Shiniu Road, Shuige Industrial Zone, Liandu District, Lishui City, Zhejiang Province
Fax: 05782276502
Tel: 0578217104105782021217
Email: jian.com [email protected]. liny. [email protected].
2. In 2021, the covid-19 pneumonia epidemic continued to spread all over the world, the economic order suffered a huge impact, the global economy was facing great uncertainty, international trade frictions continued to escalate, and in the face of the complex international economic situation, the rise of China's commodity prices, the continuous impact of the epidemic and other adverse environments, the company focused on the established strategic objectives and annual business plan, Actively explore various businesses and focus on improving production capacity to meet the explosive growth demand for new energy vehicles. During the reporting period, the company has greatly improved its product innovation and manufacturing capacity of new energy driven motors, and better completed the annual set goals. In 2021, the company's operating revenue increased by 65.47% year-on-year, of which the driving motor business increased by 188% year-on-year. However, due to the rapid rise in the prices of bulk commodities such as copper, silicon steel sheet, aluminum and rare earth, the rise of the company's raw material costs could not be transmitted to downstream customers in the short term, and there was a large operating loss during the reporting period.
The report on the company's business performance and main work in 2021 is as follows:
1. Description of the company's operation in 2021
According to the audit of Zhitong Certified Public Accountants (special general partnership), the company achieved an operating revenue of 1890768200 yuan in 2021, an increase of 65.47% over the same period of last year; The total net profit was 25.177 million yuan, an increase of 103.94% over the same period of last year; The owner's equity attributable to the shareholders of the listed parent company was 1495086800 yuan, an increase of 2.90% over the end of the previous year.
2. The company's main business products
(1) New energy drive motor
During the reporting period, the company's new energy drive motor series products have established supporting cooperative relations with a number of Chinese traditional independent brand vehicle manufacturers, new forces of vehicle manufacturing, international Tier1 and other customers, including SAIC GM Wuling, Geely motor, Saic Motor Corporation Limited(600104) , Chery motor, bee nest transmission, Wei Ran power, Xiaopeng motor, etc. Benefiting from the good market performance of the mass-produced models Wuling Hongguang Mini EV and Xiaopeng P7 equipped with the company's drive motor, the company's new energy drive motor shipment in 2021 continued to rank first among the third-party independent suppliers, second only to Byd Company Limited(002594) , Tesla.
The company continued to invest in capacity construction during the reporting period. By the end of 2021, the capacity of drive motors that have been put into mass production is 700000 units / year, and is currently in full production. In order to meet the growing demand of downstream customers, the company has continuously increased capacity construction since the second half of 2021. It plans to raise funds to build a new drive motor project with an annual output of 1.8 million units. The new capacity is mainly flat wire motors.
During the reporting period, the company strengthened the construction and improvement of the supply chain and established strategic partnership with the core material suppliers TISCO, Ningbo Yunsheng Co.Ltd(600366) , Tongling Jingda, etc. to jointly carry out the application research of various new materials on the driving motor of new energy vehicles, which is conducive to the company to establish competitive advantages such as material cost in the early stage of electric machine design.
The company continued to increase investment in technology research and development, continued to invest in the new technology direction of 800V high-voltage motor, flat wire motor, oil-cooled motor and other new energy drive motors, and has obtained the 800V high-voltage motor development contract and project fixed point of a new energy vehicle head enterprise.
(2) Intelligent controller
During the reporting period, Shenzhen gaokerun Electronics Co., Ltd., a wholly-owned subsidiary of the company, was affected by the price rise and shortage of chips, which had a great impact on the daily operation of the company. The price rise of chips was mainly MCU, MOS tube, power device and storage device of foreign manufacturers such as St, Ti, NXP and Infineon. The company actively solved the adverse impact of semiconductor shortage on the company by coordinating the price with customers and purchasing spot goods.
At the same time, the vacuum cleaner and cleaning Siasun Robot&Automation Co.Ltd(300024) controller system products independently developed by the company have achieved mass production, becoming the main growth point of the company's business in the field of new products. During the reporting period, due to the strong demand of downstream strategic customers Ecovacs Robotics Co.Ltd(603486) , Electrolux, etc., the company's wholly-owned subsidiary Shenzhen gaokerun's intelligent controller (PCBA) business performed well, and the operating revenue increased by 38% year-on-year. At the same time, the company overcame the impact of many adverse factors such as the rising price of imported electronic components, the continuous tension of supply chain and the appreciation of RMB through many measures such as the optimization of manufacturing process, the improvement of product technical scheme and the R & D and industrialization of new project products, and achieved the performance goal better. During the reporting period, Vietnam gaokerun Electronic Technology Co., Ltd., invested and established by the company in Vietnam, is currently in the preparation stage. Due to the impact of covid-19 epidemic, the construction and commissioning progress is expected to be slightly later than expected. The risk of chip price increase and shortage still exists in 2022. The company will continue to take the controller of household appliances and the controller for electric tools as the main development direction, benchmark the company's key customers, and constantly optimize the procurement and manufacturing mode to realize the continuity and sustainability of the company's operation.
(3) Micro special motor
In 2021, the company's domestic sewing machine motor business demand was relatively stable, but affected by covid-19 pneumonia, the output value of Vietnam founder factory decreased in August 2021, and even stopped production for more than a month. While actively controlling the epidemic prevention and control, the company temporarily transferred part of its production capacity to China for processing and production, actively mobilized Vietnamese employees to eat and live in the company to reduce cross infection, took the lead in sinking to the front-line workshop to participate in production, and encouraged employees to fight the epidemic together; Make use of various channels to arrange weekly full staff accounting and testing. So far, the production capacity of Vietnamese factories has gradually returned to normal. Judging from the current global epidemic situation, covid-19 pneumonia will exist for a long time, which will have a certain impact on the normal operation of the company. However, with the advantages of low manufacturing cost and good tax preferential policies in Vietnam, this business product has maintained a good market competitive advantage; In 2021, Fangde technology Vietnam Co., Ltd. (hereinafter referred to as "Fangde Vietnam") continued to expand production capacity, and the motor for electric tools has been officially put into mass production. During the reporting period, Vietnam Fangzheng maintained a steady growth trend in the household sewing machine motor business, and the company continued to occupy a leading market position in this business field.
During the reporting period, Zhejiang founder (Hubei) Auto Parts Co., Ltd. (hereinafter referred to as "Hubei founder"), a wholly-owned subsidiary of the company, completed the construction and overall relocation of the new plant in May 2021, and the new plant has been officially put into mass production. However, affected by the overall performance of the heavy truck market, the sales of this business declined.
(4) Automotive electronics
The automotive engine control system independently developed by Shanghai Haineng Automotive Electronics Co., Ltd., a wholly-owned subsidiary of the company, includes AMT and its control, diesel engine controller ECU, gas engine controller GCU, post processor controller DCU and other products. In 2021, the company was affected by adverse factors such as the shortage of auto chips and the rise of international natural gas prices. The company's main business was greatly affected, and the company's main business income decreased during the reporting period. In the future, Shanghai Haineng Automotive Electronics Co., Ltd. will uphold the R & D original intention of the leader of China's Dynagreen Environmental Protection Group Co.Ltd(601330) science and technology, give full play to the enterprise advantages of independent intellectual property rights and brands in the field of engine controller, overcome the problems of new power sources such as hydrogen and other clean energy, help the national "double carbon" strategy with innovative technology, and show the responsibility of the enterprise. 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
Increase or decrease at the end of 2021 compared with that at the end of 2021
Total assets 320001323440259721691320 23.21% 287077633175
Net assets attributable to shareholders of listed companies 149508676872145293384624 2.90% 210361079282
20212020 year-on-year increase or decrease 2019
Operating income 189076820001114265614974 65.47% 111465140704
Net profit attributable to shareholders of listed companies 2517703490 -638794,937.99 103. 94% 16,868844.21
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of -14472559944 -64780964848 77.66% - 530710054
Net cash flow from operating activities 142159450354714489967 201. 54% 181956,456.73
Basic earnings per share (yuan / share) 0.05 -1.36 103 68% 0.04
Diluted earnings per share (yuan / share) 0.05 -1.36 103 68% 0.04
Weighted average return on net assets 1.70% - 35.68% 37.38% 0.81%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
business income
