Securities code: Fujian Haiyuan Composites Technology Co.Ltd(002529) securities abbreviation: Fujian Haiyuan Composites Technology Co.Ltd(002529) Announcement No.: 2022020 summary of the 2021 annual report of Jiangxi Haiyuan Composite Technology Co., Ltd. I. important tips the summary of this annual report is from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors □ applicable √ not applicable. The company plans not to distribute cash dividends, bonus shares or convert accumulation fund into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Fujian Haiyuan Composites Technology Co.Ltd(002529) stock code Fujian Haiyuan Composites Technology Co.Ltd(002529)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Cheng Jian, Li Ling
Office address: 2 Tieling North Road, Jingxi Town, Minhou County, Fuzhou City, Fujian Province 2 Tieling North Road, Jingxi Town, Minhou County, Fuzhou City, Fujian Province
Number
Fax: 059183855031
Tel: 059183855071
E-mail hyjx@haiyuan -group. com. hyjx@haiyuan -group. com.
2. Introduction to main business or products during the reporting period
（1） Main products and uses
Classification product purpose / application field
Composite lightweight composite automobile body and parts produce outer covering parts, structural parts and semi-structural parts mainly for passenger cars and commercial vehicles.
Composite building formwork is mainly used in the construction fields of comprehensive pipe gallery, subway, high-speed railway, highway, railway and so on.
Photovoltaic business photovoltaic modules are used in large ground photovoltaic power stations, industrial and commercial photovoltaic roofs, household photovoltaic systems, and buildings
Combined photovoltaic power generation system, off grid photovoltaic system, etc.
Mechanical equipment wall material forming equipment (automatic hydraulic press to produce building wall bricks, aerated concrete blocks, etc.), and its derivative equipment can be used for such as briquette
And production line).
Refractory forming equipment (automatic hydraulic press) produces shaped refractory materials (i.e. fire-resistant bricks), and the downstream products of fire-resistant bricks are mainly used for metallurgy (including
And finished products automatic detection line), ferrous metals and non-ferrous metals), casting, cement and glass industries.
Composite material forming equipment (automatic hydraulic press) produces and manufactures fiber (mainly carbon fiber or glass fiber) reinforced composite material related products, including
And production line) thermosetting materials and thermoplastic materials.
Building ceramic automatic hydraulic press produces building ceramic wall and floor tiles. Its derivative equipment is ceramic permeable brick automatic hydraulic press, which can be used for
Production of ceramic permeable bricks (mainly using ceramic waste as raw materials).
(II) business model
1. Procurement and production mode
The company implements a business oriented business model and adopts the mode of "production based on sales and purchase based on production" to purchase raw materials and organize production; A strict supplier assessment system has been formulated to ensure reliable and stable delivery of materials, reduce cost fluctuations caused by material price fluctuations, improve production efficiency and reduce manufacturing costs; Adopt the production mode of setting production according to sales, formulate production plans in combination with the fluctuation of market demand and according to the needs of different customers.
2. Sales model
Composite products business includes composite building formwork and composite automobile body and parts. Composite building formwork adopts the sales mode of Chinese agent and foreign direct sales. Composite automobile bodies and parts are directly sold to automobile manufacturing, power battery manufacturing and other enterprises to provide customers with standardized and customized products;
The mechanical equipment business adopts the sales mode of "direct sales in China and" direct sales + agency "in foreign countries, facing the Chinese and international markets; The PV module business adopts the sales mode of "direct selling + OEM". The products are directly sold to power development, power station EPC contractors and other enterprises, and undertake high-quality module OEM business at the same time.
(III) industry position of the company
In 2021, the production and operation of the company will face difficulties and challenges such as rising costs and international business development. Under the leadership of the board of directors, the management of the company will adhere to the market-oriented, timely adjust the strategic development direction, and promote the upgrading of existing product structure and the investment and construction of new projects.
1. Composite lightweight business
The company is one of the earliest enterprises in China to develop lft-d, SMC, hp-rtm and other process technologies, and apply these processes to the production of lightweight vehicle body parts such as outer panels and inner structural parts of passenger cars and commercial vehicles and outer panels of battery boxes of new energy vehicles, so as to expand the application of lightweight technology in the lightweight field of new energy vehicles.
Profound changes are taking place in the form of automobile products, transportation mode, energy consumption structure and social operation mode, providing unprecedented development opportunities for the new energy automobile industry. The development of the company's automobile lightweight business is related to the overall development of the automobile industry, and the industry status is related to the position of the company's customers in the automobile industry. In 2021, the production and sales volume of new energy vehicles increased explosively. The company seized the strategic opportunity and continued to focus on consolidating stock orders and optimizing customer structure. It reached fixed-point agreements and batch supply with Contemporary Amperex Technology Co.Limited(300750) , Xiaopeng automobile, Yutong Bus Co.Ltd(600066) on battery box cover and other projects, and made steady progress in cooperation with customers. With the continuous promotion of the dual carbon policy, the new energy vehicle industry chain will usher in long-term, healthy and stable development, and the company's vehicle lightweight performance is expected to continue to grow steadily. During the reporting period, the company's automobile lightweight business achieved an operating revenue of 13013533264 yuan, an increase of 103.62% over the same period of last year.
The company's composite building formwork (also known as Yiante building formwork) is a replacement product of wood formwork, aluminum alloy formwork and steel formwork. Although the building formwork of Yiante company has been applied to many projects undertaken by China Railway Group Limited(601390) , China Railway Construction Corporation Limited(601186) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) and other companies. However, in recent years, the prices of raw materials such as steel and cement have continued to rise, the profit space of the construction industry has been squeezed, the macro policies and the negative expectations of the capital market for the real estate industry, the follow-up development space of the real estate business is limited, and it is difficult to recover the accounts of construction projects, the capital turnover rate of the industry is low, and the capital turnover pressure is great. In 2021, in order to seize the development opportunity of automobile lightweight, the company shifted the development focus of composite products business to automobile lightweight business. During the reporting period, the operating income of the company's construction formwork business was 1331234407 yuan, a decrease of 75.48% over the same period of last year. In order to optimize the company's business layout and improve the asset structure, Haiyuan new material transferred its 45% stake in Yiante company.
2. Mechanical equipment business
The company is one of the first enterprises to develop composite forming equipment in China. Since 2010, it has introduced, digested and absorbed the advanced composite equipment technology in Europe, and gradually developed a composite product production line suitable for a variety of composite processes and with independent intellectual property rights on the basis of localization. The company's high-end composite production line has been successfully exported to North America, Western Europe and other markets. At present, the company's HC series fire-resistant press has stable sales in the Chinese market and has entered the international markets such as South Asia, Eastern Europe and the Middle East. At the same time, the company is one of the largest and most technologically mature suppliers in the field of wall material press in China. HF series wall material press has won the honorary title of "famous brand product in China's building material machinery industry" because of its stable and reliable performance and low failure rate.
In 2021, affected by the complex situation of global epidemic and the sharp rise of overseas logistics freight, the foreign part of the company's mechanical equipment business decreased by 54.98%. The operating cost of the company's mechanical equipment business increased due to the Limited Logistics and transportation and the rise in the price of bulk trading commodities. At the same time, affected by China's dual control policy of energy consumption and flood disasters, the delivery of some products of the company and upstream and downstream customers is delayed, resulting in the delayed delivery and acceptance of some orders in hand. Affected by the above factors, the operating income of the company's mechanical equipment business during the reporting period was 5794495866 yuan, a year-on-year decrease of 53.20%.
However, through years of continuous technological innovation and product upgrading, the company's mechanical equipment has been recognized by customers in terms of product quality stability, technical level and service, and has formed a high brand awareness in the market. With the normalization of epidemic prevention and control, international trade is gradually restored, commodity prices tend to be stable, and market demand is expected to increase. In the future, the products will be upgraded and iterated towards the trend of high automation, intelligence and greening of equipment. The company's mechanical equipment business market will strive for innovation and maintain market competitiveness on the basis of stabilizing the market share of traditional products.
3. Photovoltaic module business
The company acquired Seville power in September 2020 and began to prepare to enter the photovoltaic module industry. The first phase of the company's 375mW high-efficiency photovoltaic module experimental line was put into trial production in December 2020 and officially put into operation in 2021. The company's product types include 156, 166, 182, 210 battery size multi main grid whole module, half module, double glass double-sided power generation and other series of modules. The products are mainly used in large-scale ground photovoltaic power stations, industrial and commercial photovoltaic roofs, household photovoltaic systems, photovoltaic power generation systems combined with buildings, off grid photovoltaic systems and other fields.
Under the background that the photovoltaic industry has entered a period of rapid growth and the prices of raw materials such as silicon have soared, but the new capacity has not been fully released, the business performance of photovoltaic module business has been differentiated due to the impact of industrial chain links, business model, business structure and other factors. During the reporting period, the company increased investment and took measures such as the introduction of advanced production equipment, project construction and personnel support to promote the construction of component projects. The project is still in the stage of capacity climbing. Affected by this, the company's photovoltaic module business realized a revenue of 29375489 yuan. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
By the end of 2021, by the end of 2020, by the end of 2019 compared with the end of last year
reduce
Total assets 105762070048123429886043 - 14.31% 146653059158
Net assets attributable to shareholders of listed companies 7485205447485693350090 - 12.65% 82314636258
20212020 year-on-year increase or decrease 2019
Operating income 25393797712 Xinjiang Tianshan Animal Husbandry Bio-Engineering Co.Ltd(300313) 66358 - 15.44% 21765751298
Net profit attributable to shareholders of the listed company -109459741983286685913 -433.04% - 53548751581
Deduction attributable to shareholders of listed companies is not -9330309576 -10998054939 15.16% - 53629480348
Net profit of recurring profit and loss
Net cash flow from operating activities
