On April 25, Far East Smarter Energy Co.Ltd(600869) released the annual report of 2021 and the first quarterly report of 2022. According to the annual report, Far East Smarter Energy Co.Ltd(600869) smart cable network, smart battery and smart airport grew against the trend and achieved a revenue of 20.871 billion yuan, an increase of 5.39% year-on-year, under the complex environment of the continuous impact of the epidemic and the continuous rise of raw materials; The net profit attributable to the parent company was 531 million yuan, a year-on-year increase of 131.39%, both reaching a record high; The operating cash flow was 1.103 billion yuan, with a weighted average return on net assets of 15.34%, a year-on-year increase of 57.22 percentage points; The average daily market value was 11.115 billion yuan, a year-on-year increase of 19.02%; The R & D investment reached 530 million yuan, with a year-on-year increase of 53.29%, which is ready for the high-quality development of the company.
According to the first quarter report of 2022, the revenue reached 4.192 billion yuan, a year-on-year increase of 11.27%, a record high in the first quarter; The net profit attributable to the parent company was 87 million yuan and the net operating cash flow was 256 million yuan, with a year-on-year increase of 16.67%, making a good start in 2022.
According to the announcement, Far East Smarter Energy Co.Ltd(600869) intelligent cable network business continues to maintain the leading position in the industry, with a revenue of 18.114 billion yuan in 2021, a year-on-year increase of 5.24% and a net profit of 667 million yuan, a year-on-year increase of 66.02%; In the first quarter of 2022, the revenue was 3.827 billion yuan, with a year-on-year increase of 18.75%, and the net profit was 154 million yuan, with a year-on-year increase of 102.44%. The operation quality was significantly improved. In 2021, the company continued to be selected as one of the top ten most competitive enterprises in the global cable industry, winning / signing contract orders of more than 10 million yuan in the whole year, with a year-on-year increase of 214.23%; In the first quarter of this year, more than 10 million contract orders were won / signed, with a year-on-year increase of 74.81%, and high-quality orders increased significantly. Taking the lead in technology, we continued to expand the market share of smart grid, clean energy, green building, intelligent transportation, intelligent manufacturing and other segments.
In the smart battery sector, in 2021, the lithium battery achieved a revenue of 539 million yuan, a year-on-year increase of 44.79%, a net profit of - 403 million yuan and a year-on-year loss of 864 million yuan. It focused on light travel, electric tools, energy storage and other market segments. Major breakthroughs were made in market expansion outside China, winning / signing more than 10 million yuan of contract orders of 1.651 billion yuan, a year-on-year increase of 122948%. Lithium copper foil achieved a revenue of 457 million yuan, a year-on-year increase of 23.10%, and a net profit of 47 million yuan.
In addition, the smart airport sector has also continued to make efforts. In 2021, Beijing aviation security achieved an operating revenue of 1.565 billion yuan, a net profit of 120 million yuan, and more than 2 billion yuan of orders on hand. It has undertaken 121 Chinese airport projects, accounting for 49% of the total number of national transportation airports. It has undertaken 12 overseas transportation airport projects, leading the industry in undertaking overseas transportation airport projects. The company continues to expand its leading advantages such as navigation aid lighting and weak current of air traffic control, and actively adapts to the construction requirements of "type IV airport". It has established the Joint Laboratory of Beijing Hangan Huawei smart airport to contribute "Far East wisdom" to the construction of "type IV airport" and "top four air traffic control".
Far East Smarter Energy Co.Ltd(600869) Chairman Jiang Xipei said that the company adheres to the industry leading development strategy, adheres to the mission of "creating value and serving the society" and the vision of "jointly building and sharing a safe, green and beautiful life", firmly and continuously builds a quality brand with global competitiveness, and solves substantive problems for customers and society with timely and ultimate products and services, Contribute "Far East strength" to the early realization of national strategies such as "double carbon".
