Jee Technology Co.Ltd(688162) 2021 revenue increased by 42.06% year on year

On April 25, Jee Technology Co.Ltd(688162) released its annual report for 2021. During the reporting period, the company achieved an annual operating revenue of 2.123 billion yuan, a year-on-year increase of 42.06%; The net profit attributable to the shareholders of the listed company was 131 million yuan, a year-on-year increase of 1.85%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 108 million yuan, a year-on-year increase of 20.92%.

During the reporting period, the company firmly grasped the historic opportunity of the great development of the new energy vehicle industry, continued to focus on the two businesses of intelligent equipment and new energy vehicle motor and electronic control parts, focused on creating the development pattern of “two wheel drive”, continued to promote the dual optimization strategy of products and customers, and realized the healthy development of the company.

In terms of intelligent equipment business, focusing on the development needs of the automotive industry, especially the new energy vehicle industry, the company continued to develop the business in the fields of powertrain intelligent equipment and installation and testing production line, power battery intelligent equipment and installation and testing production line, lightweight body intelligent connection equipment and production line, and further developed Tesla, Volkswagen, Weilai automobile, Xiaopeng automobile, ideal automobile Byd Company Limited(002594) and other high-end customer markets in the field of new energy vehicles. During the reporting period, the company added 2.989 billion yuan of orders in the field of intelligent equipment, a year-on-year increase of more than 70%.

In terms of electrical and electronic control parts business of new energy vehicles, the company gave full play to the collaborative advantages of “two wheel drive” business layout, adhered to the market strategy of “big customers and big products”, focused on big customers with development potential and large products with mass production scale, and realized the fixed-point of new customers and new projects such as Weilai automobile, Dongfeng Automobile Co.Ltd(600006) , Geely Automobile, Honda of Japan and MSA of South Korea. During the reporting period, the company delivered 82600 sets of motor and electronic control parts of new energy vehicles (including 118300 sets of Daoyi power), an increase of 206.17% year-on-year.

It is noteworthy that the company has always adhered to the customer-oriented R & D strategy. During the reporting period, the company focused on and actively laid out in the direction of battery intelligent equipment, new body manufacturing technology and laser welding technology; In the field of motor electronic control parts, research and development work is carried out around the next generation of motor and controller products. During the reporting period, in order to continuously improve the competitiveness of the company’s services and products, the company invested 166 million yuan in R & D, an increase of 31 million yuan over the previous year, a year-on-year increase of 23.01%. By the end of the reporting period, the company had obtained 557 authorized patents and 137 software copyrights. During the reporting period, 103 authorized patents were added (including 61 authorized invention patents, 41 utility model patents and 1 design patent), and 22 software copyrights were registered.

Jee Technology Co.Ltd(688162) said that in the future, the company will adhere to the development vision of “becoming a global mainstream supplier of intelligent equipment and core components of new energy vehicles”, adhere to the innovation driven development strategy, adhere to customer-oriented independent research and development, build products around intelligence, electrification and networking, and expand market space with globalization, Committed to building the company into a global leader in the field of intelligent equipment and new energy vehicle motor electronic control parts. At the same time, in terms of capacity construction, we will promote the “new generation electric drive system industrialization project of new energy vehicles” as planned, and build a first-class product development, verification and intelligent manufacturing base in China for the new generation of motor electronic control parts. Promote the putting into use of the “industrialization and upgrading construction project of automobile intelligent equipment” and improve the delivery capacity of the company’s high-end intelligent equipment.

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