Zhejiang Tiantai Xianghe Industrial Co.Ltd(603500) 421 issued the annual report for 2021, realizing an operating revenue of 4884301 million yuan, an increase of 78.81% over the same period of the previous year; The net profit attributable to shareholders of listed companies was 627472 million yuan, an increase of 10.95% over the same period last year.
Zhejiang Tiantai Xianghe Industrial Co.Ltd(603500) is mainly engaged in the R & D, production and sales of track fasteners, electronic components and accessories, polymer modified materials, etc. the products are applied to auto parts, highway projects, rail transit, medical auxiliary equipment, etc. The company has a provincial rail fastener Research Institute and a provincial enterprise technology center. It is a national high-tech enterprise with strong R & D and innovation ability.
By the end of the period, the company had 22 invention patents and 18 utility model patents; It has undertaken 3 national projects, 10 provincial and municipal projects, and added 1 provincial major science and technology project in 2021.
Zhejiang Tiantai Xianghe Industrial Co.Ltd(603500) has a high reputation in the industry for its product quality. It has completed the supporting certification of all 6 fastener integrators in the high-speed railway industry. The market share of non-metallic parts is relatively high. The products have been used in more than 40 national key railway projects. During the reporting period, the company’s track fastener production base project was completed and put into operation, and the production capacity of fastener non-metallic parts was improved. Fushi buckle elastic strip production line has been completed and its products have passed CRCC certification. The railway business has been further expanded, and the integration qualification and complete set supply capacity have been formed. Fushi buckle successfully passed the recognition of national high-tech enterprises, its advantages gradually showed, its revenue increased significantly during the reporting period, and its overseas orders reached the target.
Zhejiang Tiantai Xianghe Industrial Co.Ltd(603500) has outstanding technical advantages in the electronic components and parts industry. The company has greatly improved the production capacity of electronic components and parts by optimizing the rubber sealing plug and base production line, carrying out automatic transformation and capacity expansion of the cover sector production line, and establishing a holding subsidiary, Hunan Xianghe. During the reporting period, the new products of 150 high-temperature and long-life rubber sealing plugs, rubber sealing plugs for super capacitors and rubber sealing plugs for ultra-high voltage capacitors above 550V were successfully developed and widely used, providing a strong guarantee for the rapid growth of the company’s electronic business scale in 2021.
During the reporting period, all business segments of Zhejiang Tiantai Xianghe Industrial Co.Ltd(603500) . The company’s rail fastener business income was 285289000 yuan, an increase of 33.35% over the same period of last year; The business income of electronic components and accessories was 1134283 million yuan, an increase of 98.59% over the same period of last year; Xiangfeng new materials was established, and the business income of polymer modified materials was 834847 million yuan.
