Take multiple measures to solve the shortage of chips Ningbo Techmation Co.Ltd(603015) 2021 net profit increased by 43%

On the evening of April 24, Ningbo Techmation Co.Ltd(603015) disclosed the annual report of 2021. During the reporting period, the company achieved an operating revenue of 935 million yuan, a year-on-year increase of 24.72%; The net profit attributable to the shareholders of the listed company was 888297 million yuan, a year-on-year increase of 43.47%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 764274 million yuan, a year-on-year increase of 49.58%.

In 2021, affected by the epidemic, the shortage of parts and components caused by the tight supply of global chip related industrial chains brought great challenges to the company’s operation and management. The company took multiple measures to actively respond. On the one hand, it maintained a good cooperative relationship with core suppliers and scientifically and reasonably reserved strategic safety inventory to ensure smooth production scheduling and shipment; On the other hand, we have established a deep cooperation with chip design companies in Taiwan, China, to develop industrial chip design, improve the ability of core self use chips to provide independent technology, and provide technology and product reserves for the company to enter advanced manufacturing industry. In terms of production, the company has added an international well-known brand advanced automation production line for the production of the core control board of the control system, which has greatly improved the production efficiency and quality of electronic control products and further improved the production capacity.

Benefiting from the continued strong downstream demand, during the reporting period, the company’s industrial automation sector achieved an operating revenue of 842 million yuan, a year-on-year increase of 26.72%, and the gross profit margin remained basically stable. The sales volume of the two major products in the sector reached new highs one after another, including 98625 sets of plastic machine control systems, with a year-on-year increase of 32.61%; The annual sales of complete sets of hydraulic servo energy-saving systems reached about 15821 sets, an increase of 22.25% over the same period last year.

In the new energy sector, orders grew rapidly during the reporting period driven by the efforts of the subsidiary EEI in Italy and the subsidy policies of the local government. However, due to multiple factors such as tight global supply chain and blocked logistics, some orders were transferred to the next reporting period for delivery, and the annual operating revenue was 78 million yuan, a year-on-year increase of 9.74%. While promoting the energy storage system of household appliances, EEI of Italy has actively arranged the energy storage system products for commercial / factory use, designed and developed the “AllInOne” modular energy storage system, and the products are expected to be put on the market in the second half of 2022. In addition, Italy’s EEI has successfully obtained the qualification of power supply system for European led transnational artificial solar project and officially become the supplier of this project. It is reported that the project is a joint development project of the European Union. It will use nuclear fusion control technology to realize the ultimate solution to the energy crisis. Italian EEI will continue to invest R & D resources and strength to participate in the project.

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