On April 21, Add Industry(Zhejiang) Co.Ltd(603089) issued the annual report for 2021. During the reporting period, the company achieved an operating revenue of 1.611 billion yuan, an increase of 41.57% year-on-year; The operating profit was 80.372 million yuan, a year-on-year decrease of 44.36%; The net profit attributable to the shareholders of the listed company was 23.073 million yuan, an increase of 432.09% over the same period last year.
According to the announcement, during the reporting period, Add Industry(Zhejiang) Co.Ltd(603089) operating revenue increased by 41.57% over the same period of last year, mainly due to the sales revenue generated by the demand pull of downstream market and the gradual release of production capacity; The net profit attributable to the shareholders of the listed company decreased by 42.99% compared with the same period of the previous year, mainly due to the non recurring income of the company’s land and housing expropriation in the same period of the previous year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses increased by 432.09% year-on-year, mainly driven by the growth of production capacity and income.
Add Industry(Zhejiang) Co.Ltd(603089) said that the company has been deeply engaged in the automotive after-sales market and has accumulated a stable high-quality customer group in the design, manufacturing and sales of more than 20 years. In recent years, relying on the global sales platform built by the company, the company began to quickly enter the Chinese after-sales market, which will gradually form a development pattern of mutual promotion between China and the world and dual engines.
In the Chinese market, with the annual increase of China’s automobile ownership and vehicle age, especially the gradual expansion of the share of new energy vehicles, the demand of China’s automobile after-sales market is growing rapidly. The company has actively entered the Chinese market and has cooperated with a number of automobile parts brand platform operators. In terms of foreign markets, the company continues to strengthen cooperation with international well-known purchasers and optimize customer structure. At present, the company’s main customers are international well-known auto parts importers or purchasers such as Tenneco, ZF group and American autozone. At the same time, the company has begun to set up overseas logistics centers and warehouses in North America and other regions to build a global direct sales network. In addition, the company is also continuing to strengthen production clusters, improve intelligent manufacturing capacity, and continue to carry out technological innovation.
For the future development strategy of the enterprise, Add Industry(Zhejiang) Co.Ltd(603089) relevant person in charge said that the development of the company will focus on improving the level of enterprise intelligent manufacturing and product quality. In terms of overall business strategy, the company will continue to adhere to prudent development strategy, conduct steady operation, effectively control costs, and improve business quality and enterprise efficiency. In order to further expand the market share, the company will focus on the “new development pattern of mutual promotion of China International double cycle” and promote the “complete vehicle supporting business of medium and high-end models”.
