Company code: Hebei Huatong Wires And Cables Group Co.Ltd(605196) company abbreviation: Hebei Huatong Wires And Cables Group Co.Ltd(605196) Hebei Huatong Wires And Cables Group Co.Ltd(605196)
Summary of annual report 2021
Section I important tips
1 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 go to http: www.sse com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4. Lixin Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
On april152022, the company held the 14th meeting of the third board of directors to deliberate and pass the proposal on the company's profit distribution plan for 2021. The audited consolidated statements of 2021 have a net profit attributable to the shareholders of the parent company of RMB 11776781310, which does not adopt the method of share profit distribution and does not convert capital reserve into share capital. Based on the total share capital of 506822098 shares on December 31, 2021, the company plans to distribute a cash dividend of RMB 0.24 (tax included) for every 10 shares to all shareholders, with a total cash dividend of RMB 1216373035 (tax included). After the implementation of this profit distribution plan, the remaining undistributed profits of the company will be carried forward to the next year. The total cash dividends proposed in the plan account for 10.33% of the net profit attributable to the shareholders of the parent company in the consolidated statements of the company in 2021. If the total share capital of the company changes before the equity registration date of equity distribution, the company plans to maintain the total distribution unchanged, adjust the distribution amount per share accordingly, and make a separate announcement on the specific adjustment. The plan needs to be submitted to the general meeting of shareholders for deliberation and approval before implementation.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Hebei Huatong Wires And Cables Group Co.Ltd(605196) Hebei Huatong Wires And Cables Group Co.Ltd(605196) not applicable
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Luo Xiaoyu
Office address: Huatong street, Fengnan Economic Development Zone, Tangshan City, Hebei Province
111
Tel: 03155091121
E-mail [email protected].
2. Introduction to the company's main business in the reporting period
(I) industry of the company during the reporting period
The company is mainly engaged in wire and cable industry and oil service industry.
1. Wire and cable industry
Wire and cable are wire products used to transmit electric energy, transmit information and realize electromagnetic energy conversion. Their products are widely used in various departments of the national economy. They are the basic guarantee for the normal operation of modern economy and society. They are known as the "blood vessel and nerve" of the national economy. Wires and cables have a wide range of uses, many kinds and complex varieties. According to statistics, there are more than 2000 related varieties and hundreds of thousands of specifications. They are the largest category of products in the electromechanical industry. The development level of wire and cable industry is also the symbol and epitome of a country's manufacturing level.
By 2019, there are more than 10000 wire and cable production enterprises in China, including 4281 Enterprises above Designated Size (with an annual output value of more than 20 million yuan). More than 75% of the enterprises in the industry are small and medium-sized enterprises, and no enterprise has an absolute leading advantage. From 2015 to 2020, the sales revenue of China's wire and cable industry showed a fluctuating growth trend. In 2020, the sales revenue of China's wire and cable industry reached 1.57 trillion yuan, a year-on-year increase of 12.14%. It is estimated that China's wire and cable sales revenue will reach 1.65 trillion yuan in 2021, with an average annual compound growth rate of 4.89% from 2020 to 2024. (data source: wire and cable network, observation and Research Report Network)
2021 is the beginning of the 14th five year plan and the beginning of the new journey of building a modern socialist country in an all-round way. With the effective prevention and control of covid-19 epidemic in China, the national macro-economy operates stably, the production demand continues to expand, and the production situation of China's wire and cable industry is improving. At the beginning of 2021, the state held the national two sessions to summarize the past and look forward to the future. The meeting proposed to "do a solid job in carbon peaking, carbon neutralization, and optimize the industrial structure and energy structure" "Use reform methods to promote the reduction of production and operation costs of enterprises, promote the reform of basic industries such as energy, transportation and Telecommunications", "fully implement the Rural Revitalization Strategy, solidly promote rural reform and rural construction, and strengthen the construction of rural basic public services and public infrastructure". At the same time, it is clear that the key work of the energy industry in 2021 and the 14th Five Year Plan period is to ensure cleanliness, low carbon, safety Efficiency and other requirements to improve the effectiveness of modern energy system planning, sub field planning and key regional energy planning in the 14th five year plan. At the same time, the government work report puts forward that the national economic growth target in 2021 should not be less than 6%. China City China has one belt, one road, one new infrastructure and two cycles. The policy of the NPC and CPPCC has been developing rapidly. The urbanization process has been accelerating. New energy, rail transit, UHV, smart grid, 5G communications, new energy vehicles and charging piles are developing rapidly. This will bring huge market space to China's wire and cable industry.
In the cable industry, the company has obtained international certifications such as UL in the United States, CE in the European Union, TUV in Germany and PSB in Singapore, and Chinese certifications such as CRCC and CCC in China.
2. Oil service industry
The full name of oil service industry is oil field technical service and equipment industry. It refers to a productive service industry with oil field as the main business place and mainly providing engineering technical support and solutions for oil and gas exploration and production. It is an important part of energy service industry.
In 2021, the global New Coronavirus pneumonia epidemic persisted, the international oil and gas industry continued to fluctuate and the energy industry accelerated transformation. Under the influence of many factors, international oil companies remain cautious in their investment in oil and gas exploration and development, the oversupply in the international oilfield service market has improved limited, and the international oilfield service competition is still fierce. In China, the oilfield service market is relatively stable under the continuous promotion of the "seven-year action plan" to ensure national energy security and increase reserves and production.
In the coiled tubing industry, Cinda Kechuang, a subsidiary of the company, is one of the five coiled tubing manufacturing enterprises that have obtained api-5st certification in the world. It has supplied oil to CNOOC, PetroChina, Anton petroleum, Halliburton, Schlumberger and other oil fields or oil service enterprises at home and abroad.
(II) business conditions of the company during the reporting period
1. Main business of the company
The company is mainly engaged in the R & D, production and sales of wires and cables, and pays attention to the double expansion of product sales areas and application fields. At present, a relatively perfect global industrialization layout has been preliminarily formed. The company's leading products, including medium and low voltage power cables represented by incoming lines and cables for electrical equipment represented by submersible pump cables, are widely used in power transmission and distribution, mining / oil / gas and other industries, becoming a modern wire and cable manufacturing enterprise with a leading position in many subdivided fields.
Xinda Kechuang, a subsidiary of the company, and Huaxin petroleum are located in the oil service industry. They take special products for oil and gas drilling and production and oilfield operation equipment as their leading products respectively. Xinda Kechuang is one of the only six coiled tubing enterprises in the world that have obtained api-5st certification. The layout of the company in the field of oil service has been preliminarily formed and gradually extended.
During the reporting period, we successfully developed new strategic products such as Xinda Kechuang integrated tube bundle, Huaxin petroleum operation vehicle and new cable products such as wind power pre crimping, photoelectric composite, Midea small armor and so on; Huaxin Petroleum's "100k skid mounted coiled tubing equipment and its control system" was selected as the "first major technical equipment (set) in Hebei Province" in 2021; Xinda Kechuang was selected into the "list of national specialized and new 'little giant' enterprises".
The company's main business, products and specific uses are as follows:
Product and business category specific purpose of main products
Low voltage plastic cable is applicable to transmission and distribution lines of 1.8/3kv and below and industrial production
Power supply, in which the low smoke halogen-free flame retardant and fire-resistant series is suitable for high-rise buildings
Special places, airports, subways, etc
Medium voltage crosslinked cable is suitable for power transmission and distribution with power frequency AC voltage of 35kV and below
line
Power cable mining plastic insulated power is suitable for fixed laying in coal mine, with AC voltage of 10kV and below
Power line of distribution system with force cable
The incoming line is applicable to the public surface according to the National Electrical Code of the United States
Piping system, and feeder and branch point wiring system
URD cable is suitable for underground power transmission with power frequency AC voltage of 46kv and below
Distribution system
Overhead conductors and overhead are suitable for overhead fixed transmission and distribution lines
Insulated cable
Wire and cable submersible pump cable is applicable to the power cable of electric submersible pump unit fixedly laid in oil wells on land or offshore platforms
Mining and general rubber are suitable for the power connection of mobile electrical equipment and coal mine equipment
Marine cables are suitable for power, lighting, control and communication transmission of various ships and offshore buildings
The locomotive and vehicle cable is applicable to the communication transmission of power, lighting, control and electrical equipment in various locomotives and vehicles
The connecting cable for the data center of electric wire is specially suitable for the central machine room
Cable distribution cable
The marine exploration cable is suitable for the exploration of submarine oil and gas resources
The control cable is applicable to the connecting line between electrical equipment and plays the role of transmitting electrical signals and ensuring the safe and reliable operation of the system
Computer and instrument electricity is suitable for signal transmission of electronic computer system, monitoring circuit and automatic cable control system, and connecting wires for testing instruments and instruments
The distribution wire is applicable to the cables and wires for industrial and civil power plants, daily appliances, instruments and telecommunications equipment with AC voltage of 450 / 750V and below
Photovoltaic cables are suitable for the transmission of electric energy in photovoltaic systems
The port towing cable is suitable for power, lighting, control and communication transmission between port machinery and its components
