On April 23, Ningbo Tianlong Electronics Co.Ltd(603266) released the annual report of 2021. During the reporting period, the company achieved an operating revenue of 1.185 billion yuan, an increase of 21.74% year-on-year; The net profit attributable to shareholders of listed companies was 979581 million yuan, a year-on-year increase of 5.59%.
Ningbo Tianlong Electronics Co.Ltd(603266) relevant person in charge said that in 2021, the company complied with the development of the industry and actively deployed the two major fields of automotive electronics and lightweight. During the reporting period, the sales revenue of automotive products increased by 17.97% year-on-year, while electrical and electrical products benefited from the increase of customer demand, up 38.13% year-on-year.
actively lay out the two major fields of automotive electronics and lightweight
The person in charge said that thanks to the acceleration of the layout of automotive electronics and lightweight products and the trend of automotive electrification and intelligence in the early stage, the orders of the company’s electronic water pump components, sensor supporting components, lightweight door function panels and other products increased, and the company’s main businesses increased. During the reporting period, the company’s auto parts business achieved sales of 833 million yuan, a year-on-year increase of 17.97%. Among them, the sales of automotive electronic control products reached 363 million yuan, a year-on-year increase of 19.18%; The sales of automotive precision plastic functional structural parts reached 470 million yuan, a year-on-year increase of 17.05%; Mold business achieved sales of 116 million yuan, a year-on-year increase of 21.19%.
It is worth mentioning that the IGBT function carrier module, a precision electronic component with high integration of multi inserts and injection molding, which is mainly developed by the company and applied to the electronic control system of new energy vehicles, is one of the core components of PCU power control unit. The project is expected to be mass produced in the second half of 2022 and indirectly supplied to Honda’s next-generation hybrid new energy vehicles. During the reporting period, the first fully automated and information-based IGBT function carrier module production line (100000 dust-free independent clean workshop) has been established.
electrical products sales increased steadily
In the field of electrical and electrical appliances, the company mainly provides circuit breaker structural parts, precision molds and other products for large international electrical and electrical manufacturers such as Schneider, Eaton group and Hebao group. During the reporting period, the company deeply cultivated the world’s top customers. Relying on factors such as cost advantage, complete manufacturing system and delivery capacity with quality and quantity guaranteed, the company benefited from the increase in the demand for infrastructure basic products in China and the United States and the expansion of customers’ own market share. During the reporting period, the sales of electrical and electrical business reached 217 million yuan, a year-on-year increase of 38.13%.
“In the future, the company will focus on the layout of new energy vehicles and automotive electronics, commit to the development direction of electronic integration, precision and lightweight, actively innovate, continuously improve the company’s sustainable development ability and enhance its core competitive advantage.” Ningbo Tianlong Electronics Co.Ltd(603266) relevant person in charge said.
