Securities code: Shanghai Step Electric Corporation(002527) securities abbreviation: Shanghai Step Electric Corporation(002527) Announcement No.: 2022014 Shanghai Step Electric Corporation(002527) 2021 annual report summary
1、 Important note: the summary of this annual report comes 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. All directors of the company attended the meeting of the board of directors to review the annual report in person. Non standard audit opinion tips □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting provident fund into share capital during the reporting period considered by the board of directors √ applicable □ not applicable whether to convert provident fund into share capital □ yes √ No. the profit distribution plan of ordinary shares considered and approved by the board of directors of the company is: equity during the implementation of the profit distribution plan of the company in 2021 Based on the total share capital on the registration date, cash dividends of 0.70 yuan (including tax) and bonus shares of 0 share (including tax) will be distributed to all shareholders for every 10 shares, and no accumulation fund will be converted 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 Shanghai Step Electric Corporation(002527) stock code Shanghai Step Electric Corporation(002527)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Lisa Yang, Lin Lin Yu
Office address: No. 1560, Siyi Road, Jiading District, Shanghai
Fax 02169926163
Tel: 02169926000 switchboard to 02169896737
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
During the reporting period, there was no significant change in the company’s main business, main products, purposes and main business model.
(I) main businesses, main products and uses of the company during the reporting period
Focusing on the core technology of motion control, the company focuses on the field of intelligent manufacturing equipment and is committed to becoming an international famous brand in the field of intelligent manufacturing. After 26 years of development, the company’s main businesses are divided into: intelligent manufacturing business, industrial Siasun Robot&Automation Co.Ltd(300024) business, motion control business, electrical control business and variable frequency drive business.
During the reporting period, the company’s main products and product application markets are shown in the table below:
Business segment main product application market / industry
Intelligent manufacturing, intelligent flexible solutions for automobile, automatic flexible automobile body in white, engineering machinery, pan electronics, woodworking furniture, bathroom, etc
Production line, etc
Industry Siasun Robot&Automation Co.Ltd(300024) multi joint industry Siasun Robot&Automation Co.Ltd(300024) , SCARA Siasun Robot&Automation Co.Ltd(300024) series 3C, white electricity, packaging, food and medicine, metal processing and other industries
Products, Siasun Robot&Automation Co.Ltd(300024) flexible work unit, etc
Motion control motion control core components control card, controller, servo 3C and electronic manufacturing equipment, industrial Siasun Robot&Automation Co.Ltd(300024) and manipulator, lithium battery equipment, semiconductor equipment
Clothing system, sensors and other motion control products and equipment, logistics equipment, printing equipment, packaging equipment, machine tools, textile machinery industry, food industry
Solutions include machinery, metal processing, woodworking, etc
Electric control elevator control intelligent solution, elevator cloud solution, elevator
Complete elevator control system, elevator intelligent microcomputer control
Control system, etc
Variable frequency drive, high and low voltage general and special frequency converter, smart water, HVAC, logistics lifting, tire rubber, etc
(II) main business models
With motion control as the core, the company focuses on servo drive, variable frequency speed regulation, Siasun Robot&Automation Co.Ltd(300024) and industrial controller, focusing on customer-centered profitable growth. The company’s business model includes independent production and channel sales. The independent production model is mainly applicable to engineering application products such as automobile intelligent flexible welding production line and automatic flexible production line, as well as non engineering application products such as elevator control system products, energy-saving and industrial transmission products, motion control system products and Siasun Robot&Automation Co.Ltd(300024) body. It is applicable to the distribution mode of Japanese servo systems and other European brands.
1. Supply chain management mode
The company continuously optimizes the supply chain management, opens up the order information flow through sap, SRM (supplier relationship management system), MES (production and manufacturing management system), WMS (warehouse management system) and other systems, and drives the work of each node of the supply chain based on data driving and data sharing. For self-produced products, the company’s operation center considers the consumption of raw materials, amount, floor space, procurement cycle and other aspects, and carries out classified management. MRP (material demand plan) analysis is carried out through safety inventory and customer sales forecast, so as to purchase targeted orders. In addition, due to the different characteristics of product delivery, the company has formulated the production mode of “production to order + standby production”.
In channel sales, the upstream manufacturer will be informed of the sales forecast in advance based on the sales forecast of downstream customers, historical sales experience and safety inventory, and then further revised in combination with the market demand, and officially confirm the order with the manufacturer. The manufacturer will arrange production and deliver goods.
2. Sales model
For non engineering applications in independent production, the company’s products have the characteristics of high technical content and strong professionalism. Customers rely more on the company’s technical support and after-sales service. Therefore, it mainly adopts the way of direct sales, and some products are distributed through agents. The company obtains customer orders through market research, information collection, targeting customers and determining product plans, and finally produces and sells.
For engineering application products, the company’s main customers include automobile manufacturers, parts manufacturers, white electricity enterprises, sanitary ware enterprises and other enterprise customers in automobile and general industry. Customers mainly choose suppliers through the bidding process. In this process, they mainly consider the business capabilities of suppliers, such as design capacity, procurement capacity, processing capacity, etc. at the same time, they will have high requirements for the past performance of suppliers. The company’s sales department and planning department are jointly responsible for customer development and provide systematic solutions based on their own modular products according to customer needs. The sales department mainly keeps in touch with customers, finds customers’ needs from the aspects of customers’ product plan and model upgrading, and participates in bidding. In the bidding process, the planning department is responsible for the support of the whole technical scheme. Based on the customer’s requirements, combined with the company’s technical improvement scheme, the high-quality technical scheme is recognized by the customer; At the same time, the sales department completes the business quotation according to the effective cost control, so as to obtain the order.
In channel sales, Huitong technology’s main customers are manufacturers of numerical control equipment in consumer electronic equipment, packaging, printing, light industrial machinery, metal processing, textile machinery and other industries, as well as industrial Siasun Robot&Automation Co.Ltd(300024) . The stage includes the stage of contract formation, customer intention formation and sales settlement.
(III) main performance drivers
1. Macroeconomic and policy aspects
(1) 2021 is the first year of the 14th five year plan. The state has successively issued the 14th five year plan for national economic and social development and the outline of long-term objectives for 2035, the 14th five year plan Siasun Robot&Automation Co.Ltd(300024) industrial development plan and the 14th five year plan for the development of intelligent manufacturing industry. It is proposed to enhance the competitive advantage of manufacturing industry, promote the high-quality development of manufacturing industry, increase support for technological innovation, and strengthen the company’s intelligent manufacturing Industry Siasun Robot&Automation Co.Ltd(300024) and motion control business ushered in many development opportunities.
(2) Since China put forward the “double carbon” goal of “achieving carbon peak in 2030 and carbon neutralization in 2060” in 2020, on the one hand, the intensity of energy conservation and emission reduction in the industrial field has increased significantly. Since June 21, the state has implemented the latest mandatory standards for motor energy efficiency, and industrial motors with energy efficiency below ie3 have been forced to stop production. Under the increasingly stringent requirements for reducing energy consumption per unit GDP, The scheme of supporting industrial motor with low-voltage frequency converter is more widely used, and the market demand of low-voltage frequency converter is strong; On the other hand, the “double carbon policy” promotes the reform of energy structure and drives the demand for new energy equipment. The growth trend of 3C, photovoltaic, lithium battery and other industries in the downstream of industrial Siasun Robot&Automation Co.Ltd(300024) is obvious, and the demand of industrial Siasun Robot&Automation Co.Ltd(300024) market is strong. (3) The serious overseas epidemic and tense international relations not only bring challenges, but also bring development opportunities. Affected by the epidemic and international relations and other factors, the supply chain of foreign-funded manufacturers is frustrated, which affects the sales and operation of foreign-funded manufacturers in the Chinese market, gives domestic manufacturers the opportunity to realize domestic substitution, and the market opportunity of domestic manufacturers increases. According to the statistics of industry information organization Mir Rui industry, in the industrial Siasun Robot&Automation Co.Ltd(300024) industry, the proportion of industrial Siasun Robot&Automation Co.Ltd(300024) domestic manufacturers will again exceed 30% in 2021 and reach a record high of 33%.
2. Company level
(1) Go deep into the market, segment and win
The company has formulated the strategy of differentiated competition for market segments. With years of technology research and development accumulation, the company selects industries and market segments, and carries out targeted application development to market segments according to customers’ application scenarios. The business level of the company is upgraded from products to solutions. During the reporting period, the company adhered to market demand orientation, deeply analyzed the customer system, actively carried out strategic cooperation with partners who mastered the process of subdivided industries, and provided efficient intelligent manufacturing solutions for subdivided customers. At present, the company has achieved expected development in rubber tires, power towers, electric vehicles, metal processing and other industries.
(2) Technology support and product leadership
The company adheres to the development strategy of technology-based and market-oriented. During the reporting period, the company continued to develop industrial Siasun Robot&Automation Co.Ltd(300024) deepening motion control related technologies, upgraded online adaptive trajectory planning technology, realized optimal efficiency or energy optimal trajectory planning based on the dynamic model of Siasun Robot&Automation Co.Ltd(300024) actuator, gave full play to the characteristics of Siasun Robot&Automation Co.Ltd(300024) acceleration and deceleration equipment under the constraint of maximum force and torque of joints, and improved Siasun Robot&Automation Co.Ltd(300024) processing beat. The newly developed V-shaped vibration suppression control algorithm can eliminate the vibration in the frequency range of 0.5hz-10khz, ensure that the low-frequency vibration of Siasun Robot&Automation Co.Ltd(300024) in the process of high beat movement can be effectively suppressed, and ensure the Siasun Robot&Automation Co.Ltd(300024) smooth operation. At the same time, based on the industrial Internet of things, the cloud platform of industrial Siasun Robot&Automation Co.Ltd(300024) is built. The combination of cloud computing and edge computing is used to give full play to the computing power advantages of cloud computing platform and the real-time data acquisition advantages of local edge equipment Siasun Robot&Automation Co.Ltd(300024) controller, so as to realize the life prediction of key parts and improve the reliability of Siasun Robot&Automation Co.Ltd(300024) . For different industry applications, combined with machine vision technology, Siasun Robot&Automation Co.Ltd(300024) autonomous operation under different application scenarios is realized to improve the flexible application of Siasun Robot&Automation Co.Ltd(300024) . In addition, the highly adaptive five axis CNC trajectory planning algorithm developed by the company is compatible with the existing modules and data structure of SC controller with highly adaptive five axis CNC speed, optimizes and complements some advanced functions, realizes zero breakthrough in the field of five axis CNC, greatly improves the company’s technical competitiveness in the field of motion control and CNC, and creates a five axis CNC basic function module with high adaptability, high reliability and high performance, It can quickly respond to various complex and customized application scenarios and bring greater market share and economic benefits to the company.
(3) Remarkable achievements have been made in organizational and incentive construction
The company changed its business thinking, built a customer-centered profit growth system while paying attention to R & D, and actively promoted organization construction and optimization. The company has implemented the matrix organizational structure adjustment of business division system and bu system to achieve business focus and form a business model for all departments to work around customers. During the reporting period, in the face of the market environment of rising raw materials and chip shortage, the company’s operation center interacted with all business divisions to mobilize all resources and forces of the company. On the one hand, it tried its best to strive for the supply of raw materials for chips and some electronic components and parts, on the other hand, it promoted research and development to accelerate the design change and test verification of domestic alternatives, which greatly alleviated the delivery pressure. In addition, during the reporting period, the company improved the salary and incentive system, implemented the 2021 stock option and restricted stock incentive plan, improved the cohesion of the core team of the enterprise, and made all parties of the company work together to help the long-term development of the company. 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
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 645730301995606421786443 6.48% 635745172628
Net assets attributable to shareholders of listed companies 3068973232
