On April 18, Zhejiang Langdi Group Co.Ltd(603726) released the annual report of 2021, and the company realized an operating revenue of 18196046 million yuan, an increase of 29.86% year-on-year; The net profit attributable to the shareholders of the listed company was 1468055 million yuan, a year-on-year increase of 31.67%, which was mainly due to the increase of operating revenue and total profit driven by the increase of customer orders. On the other hand, it was due to the significant increase of the net profit of Yongsi electronics in 2021 compared with the same period of last year and the increase of investment income recognized by the company.
Zhejiang Langdi Group Co.Ltd(603726) said that the company has always focused on the development of three main businesses of household air conditioning blades, mechanical fans and composite materials, actively responded to customer needs, paid close attention to three precision management, strengthened cost control and continuously improved operation efficiency. The company benefited from the large volume of customer orders. During the reporting period, the company achieved double growth in operating revenue and profit and hit a record high.
For more than 20 years, the company has always adhered to the concept of leading technology, focusing on main business and steady development, and has formed the core competitive advantages of sustainable development, such as industrial chain advantages, independent R & D technology advantages, production base layout advantages, customer resource advantages and so on. The company is committed to providing customers with one-stop fan blade fan supporting services to achieve a win-win situation with customers. At present, the company has formed three main business segments: household air conditioning blades, mechanical fans and composite materials, with rich product line advantages.
independent R & D advantages
At present, the company has 7 high-tech enterprises, 2 provincial enterprise technology research centers and 3 municipal engineering technology centers. The air fluid experimental equipment independently developed by the company, as a professional fan blade test equipment, can visually understand the air flow trajectory, which greatly improves the speed and efficiency of R & D and product selection. The professional air conditioning blade design software independently developed by the company has obtained four software copyrights; Participate in and draft 2 industry standards; It has authorized 50 patents, invention patents, 410 utility model patents and 16 appearance patents, a total of 476. The company has the R & D and production capacity of intelligent control system from product performance R & D and design, raw material performance R & D and manufacturing, precision mold design and manufacturing, constant air volume, constant temperature and constant speed fan, which has defined the sustainable growth space for the company to expand the industry width and extend the product length. In 2021, the total R & D investment accounted for 4.94% of the operating revenue.
production base layout advantages
The company maintains a good cooperative relationship with downstream air-conditioning manufacturers. According to the capacity distribution of host manufacturers, the company’s production base layout is carried out synchronously, which not only saves transportation costs, but also conforms to the policies of local industrial clusters, improves efficiency and enhances the strategic cooperative relationship with host manufacturers. Since 2002, the company has successively established production bases in Ningbo, Zhejiang, Zhongshan, Dongguan, Guangdong, Mianyang, Deyang, Sichuan, Shijiazhuang, Hebei, Wuhan, Hubei, Xinxiang, Henan, Ma’anshan, Anhui, Qingdao, Shandong, Yiyang, Hunan and other places. The production layout of the company basically covers the main production capacity distribution areas of the air conditioning plant, laying a good foundation for future development. Reasonable production layout provides natural advantages for the company’s future development and driving force for the company’s sustainable growth.
customer resource advantages
As a professional manufacturer of fan blades and fans, the company’s R & D capacity, production capacity and product quality have been widely recognized by customers. Its core customers have covered Gree, Midea, Haier, Hisense, Changhong, TCL, oaks, LG, Mitsubishi, Daikin, Panasonic, Samsung, Ingersoll Rand, Trane, carrier, Yuanda, Tianjia, Shenzhen Envicool Technology Co.Ltd(002837) etc., with good customer resource advantages.
clear business plan
The domestic air-conditioning fan blade sector will make use of the company’s technical accumulation in fluid mechanics, aerodynamic performance and other research and independently developed type selection design software, Zhejiang Langdi Group Co.Ltd(603726) give full play to the regional and scale advantages of serving nearby 11 production bases in China, develop high-efficiency and energy-saving products, stabilize market share and play a supporting role in healthy air.
The mechanical fan sector actively promotes the focus on coordination and resource sharing of Ningbo Guangdong production base. With the help of decades of technical accumulation and R & D capacity of the fan industry, on the basis of mature markets such as HVAC and building ventilation, it actively expands R & D investment in communication cabinet, air purification and fresh air system, deeply excavates customer needs, deepens cooperation with old customers, and actively develops new customers. Through fan cluster application and intelligent control layout, light business, cold chain, agriculture, animal husbandry and other markets.
As an incremental business segment of the company’s material cutting-edge technology research and development and achievement transformation, the composite material sector will give full play to the cooperation with the industry, University and Research Institute of Sichuan University, strengthen the transformation of technical achievements in the physical property research and development of polymer materials, and actively promote the application of lft-g long fiber series, ASA series and polymeric special PA series materials in new energy battery brackets, charging piles, automobile front-end modules, dashboard and skylight frames, engine covers Automobile spoiler, forward air grille and other applications. Strengthen market research and expand the market influence and market share of core products.
Zhejiang Langdi Group Co.Ltd(603726) will further improve the human resource management system of the enterprise’s strategic development, strengthen risk control, continuously improve the level of governance and strengthen the management of investor relations. At the same time, in order to optimize the overall layout of the industry, reserve high-quality projects with synergistic development effect of the company, and gradually increase the investment in Chuang Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) by means of capital operation, mergers and acquisitions, so as to lay a good foundation for epitaxial growth.
Zhejiang Langdi Group Co.Ltd(603726) said that after more than 20 years of development and accumulation, the company has become one of the leading enterprises in the fan blade industry. The company will adhere to the group management and control mode, strengthen the corporate governance structure, focus on improving the core competitiveness of the enterprise, drive the continuous improvement of economic benefits, increase the construction of talent team, and improve the team cohesion and centripetal force. The company will adhere to the development of focusing fan blades, steadily implement product upgrading and transformation, and extend the industrial chain in air purification, ventilation, equipment and other industries; Promote the modularization process of fan and realize product upgrading; While the production workshop gradually realizes automation and digitization, it also realizes management upgrading. At the same time, actively use capital operation, mergers and acquisitions and other development means to continuously improve operation performance and promote the sustainable, stable and healthy development of the enterprise.
In the future, on the basis of focusing on the main business, the company will continue to improve the operation quality of each business segment, further deepen high-quality development and enhance the enterprise value with the development goal of “endogenous and external Langdi”.
