Since this year, the share price of Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) ( Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) . SZ) has fallen by nearly 40%. At the performance meeting held on the afternoon of April 15, some investors questioned whether the company had problems in operation or whether there was a loss of key customers. In response, hukaicheng, the Secretary of Zhejiang Sanhua Intelligent Controls Co.Ltd(002050)
Affected by the epidemic, many new energy vehicle enterprises have stopped production or are facing to stop production. In view of the impact of the shutdown of automobile enterprises on the company's new energy business, Hu Kaicheng told the financial Associated Press, "it is true that some orders have been suspended due to the epidemic, but the demand is still there. Once the epidemic is over, the orders will be restored soon."
Zhang Yabo, chairman of the company, further said, "in the short term, the epidemic has no great impact on our production. The supply chain is basically stable. 50% of the company's business comes from overseas, which has little impact. The demand of some Chinese customers has an impact. We are following up in time and believe that normal production can be resumed soon."
In terms of production capacity, Yu Yingkui, the company's chief financial officer, said that at present, the company's major production bases around the world have been completed and put into operation, including Shaoxing Binhai base, North America Mexico base, Europe Poland base, Vietnam base and other further expansion and transformation are in progress.
The annual report shows that Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) revenue in 2021 was 16.021 billion yuan, a year-on-year increase of 32.3%; The net profit attributable to the parent company was 1.684 billion yuan, a year-on-year increase of 15.18%. Facing the problem of increasing income without increasing profit, Yu Yingkui said that the price rise of raw materials, freight and RMB appreciation have a certain impact on the profitability of the company. The company has taken bulk and foreign exchange hedging, signed contracts with shipping companies and improved container loading rate to improve the profitability of the company.
Hu Kaicheng further said that in terms of freight, the company has reached a consensus with more and more customers to jointly bear the freight; In terms of raw materials, the company's refrigeration business has adopted the pricing mechanism linked with the customer's copper price and hedging operation on copper to avoid the risk of copper price fluctuation to a certain extent, and the auto zero business has also avoided the risk of aluminum price fluctuation to a certain extent through hedging on aluminum.
It is noteworthy that the statement that "the world economy will face the risk of stagflation in the future, and the manufacturing enterprises at the head have cut orders on a large scale" is being hotly discussed. In this regard, Zhang Yabo believes that, "The global environment is complex and changeable, and uncertainty is increasing, but it is certain to deal with global warming and develop green and low-carbon energy, and there will even be a global energy change. The demand for new energy vehicles, new energy, electrochemical energy storage and electrification will accelerate. For example, the impact of the Russian Ukrainian war is that the European market will adopt more natural gas to electricity technology, and heat pump is a very good gas to electricity technology Path. "
Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) is mainly engaged in refrigeration and air conditioning electrical parts business and auto parts business, of which the auto parts business is positioned in the field of new energy vehicle thermal management system. The financial Associated Press reporter noted that in addition to commercial refrigeration and heat management of new energy vehicles, Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) recently established a wholly-owned subsidiary Sanhua new energy heat management technology (Hangzhou) Co., Ltd. to carry out business related to energy storage and heat management.
In this regard, Hu Kaicheng said, "with the increasingly prominent application value of energy storage in energy development and power system operation, and the successive introduction of national guiding policies for energy storage industry, the energy storage industry will usher in a trend of rapid development with broad development prospects."
