On the evening of April 20, Zhengqiang shares (301119) disclosed that the financial report of 2021 showed that the company achieved an operating revenue of 354 million yuan in 2021, a year-on-year increase of 25.53%; The net profit attributable to the shareholders of the listed company was 530114 million yuan, a year-on-year increase of 0.18%. In addition, the company plans to distribute a cash dividend of 0.75 yuan (including tax) to all shareholders for every 10 shares.
Zhengqiang Co., Ltd. is mainly engaged in automobile cross shaft universal joint assembly, joint fork and related parts. Its main products are cross shaft universal joint assembly, joint fork and cross shaft. Among them, cross shaft is one of the key parts of cross shaft universal joint assembly.
For the growth of performance in 2021, Zhengqiang shares said that the demand of the company’s main customers outside China was stable in 2021, the company’s supporting sales of cross shaft and cross shaft universal joint in China and the export cross shaft universal joint market had a certain scale of growth, and the orders of customers in various regions and markets increased rapidly.
The annual report shows that the three product segments of the cross shaft universal joint assembly, joint fork and cross shaft of Zhengqiang Co., Ltd. achieved operating revenue of 217 million yuan, 673492 million yuan and 616914 million yuan respectively in 2021. The revenue of the three segments increased to varying degrees compared with the previous year, of which the revenue of the cross shaft product segment increased by 48.14%. From a subregional perspective, Zhengqiang shares achieved operating revenue of 194 million yuan and 157 million yuan at home and abroad respectively in 2021, which was also significantly higher than that of the previous year.
It is reported that Zhengqiang’s products are widely used in the host supporting market and after-sales market, and are applicable to the world’s mainstream passenger cars and commercial vehicles. In terms of the main engine supporting market, the automobile brands used by the company’s products include Volvo, Mercedes Benz, general motors, Honda, Hyundai, Byd Company Limited(002594) , Chrysler, Tata, Polaris, Geely, great wall, Dongfeng, etc. In the after-sales market, Zhengqiang mainly sells the cross shaft universal joint assembly and a small number of cross shaft products to the foreign market in the OEM mode. The main export countries and regions include the United States, Japan, Brazil, India, etc.
It is worth mentioning that for the future development strategy, Zhengqiang Co., Ltd. proposed to concentrate advantageous resources to strengthen the R & D and sales of new products such as pipe fork shaft, strive to make new products such as pipe fork shaft enter the global procurement system of well-known auto parts suppliers outside China as soon as possible, and further improve the market share of the company’s products in the market outside China. In addition, according to the development trend of new energy vehicles, the company will extend to the field of new energy vehicle universal joints and other parts, so as to realize the renewal iteration of the company’s products and the continuous growth of business scale.
