North Industries Group Red Arrow Co.Ltd(000519) : net profit of RMB 485 million in 2021, with a year-on-year increase of 76.77%

North Industries Group Red Arrow Co.Ltd(000519) 418 disclosed the annual report of 2021, and the company realized an operating revenue of 7.514 billion yuan in 2021, with a year-on-year increase of 16.26%; The net profit attributable to the shareholders of the listed company was 485 million yuan, a year-on-year increase of 76.77%. The company plans to distribute a cash dividend of 0.50 yuan (including tax) to all shareholders for every 10 shares.

According to the annual report, in 2021, North Industries Group Red Arrow Co.Ltd(000519) company overcame the adverse effects of overlapping scientific research and production, repeated epidemic and flood, planned and deployed systematically, promoted the construction of equipment support, and efficiently completed various special equipment production tasks.

During the reporting period, North Industries Group Red Arrow Co.Ltd(000519) the special equipment manufacturing industry achieved an operating revenue of 4.388 billion yuan, a year-on-year increase of 15.05%; The gross profit margin was 10.7%, a year-on-year increase of 0.82 percentage points.

In addition, in 2021, North Industries Group Red Arrow Co.Ltd(000519) actively built a special equipment technology innovation system, promoted the development of key projects, and made breakthroughs in a number of scientific research projects. Among them, new breakthroughs have been made in the scientific research of civil products, breakthroughs have been made in the process technology of colorless diamond below 3mm, stable mass production has been realized, and the income and profit have been increased simultaneously; New breakthroughs have been made in gem grade diamond cultivation technology; The prototype of UAV fire fighting vehicle has been finalized.

In terms of non-metallic mineral products industry, in 2021, North Industries Group Red Arrow Co.Ltd(000519) achieved an operating revenue of 2.407 billion yuan, with a year-on-year increase of 25.21%; The gross profit margin increased by 14.45% year-on-year.

North Industries Group Red Arrow Co.Ltd(000519) said that in 2022, the company’s special equipment should strengthen scientific and technological innovation, pay close attention to product quality and complete the equipment support task with high standards; For civil products, we should strengthen the analysis of the market economic situation, maintain the advantages of industrial diamond, cubic boron nitride and composite products for superhard materials, and make every effort to develop and cultivate diamond, CVD diamond and other technologies; Special purpose vehicles consolidate the existing advantageous market, continue to expand the advantageous product field, and advance to the military and police vehicle market; Auto parts focus on adjusting structure, promoting transformation and seeking development to improve the high-quality development ability of enterprises.

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