Weihai Huadong Automation Co.Ltd(002248) 4 on April 27, the annual report of 2021 was released. In 2021, the operating revenue was about 315 million yuan, an increase of 50.03% year-on-year; The net profit attributable to the shareholders of the listed company is about 14.19 million yuan; The basic earnings per share is 0.05 yuan.
The annual report shows that the company is a high-tech enterprise with “precision and strong” high-speed, high-precision, multi axis, composite and environmental protection CNC machine tool products as the main development direction. It focuses on R & D, production and sales of CNC machine tool products that not only meet the relevant national policy requirements, have good market prospects, can meet the processing machine demand of the national precision parts processing industry, but also bring good economic benefits to the company. Its products include CNC gantry milling machine (gantry machining center), CNC gantry grinder, CNC cylindrical grinder, universal rocker milling machine, surface grinder, dynamic and static spindle and other machine tools and functional components.
Since its establishment, the company has always adhered to the development path of independent innovation and always regarded the scientific research and development of high and new technology as the basis and key for the enterprise to maintain high-speed development. Through independent research and development, cooperative development, introduction and digestion, the company has a number of patents and proprietary technologies with international advanced or China’s leading level.
The company said that during the reporting period, the company adjusted its business strategy, developed new products to meet market demand, enriched marketing methods and strengthened marketing. The product sales volume is expanded, the cost is reduced, and the sales gross profit is further improved.
In addition, affected by the increasing market demand of the machine tool industry, the company timely develops new products and upgrades old products, strictly controls quality and cost from the design source, improves the competitive advantage of product price, and increases product sales and production.
For the future development, the company said that it would refine and strengthen Weihai Huadong Automation Co.Ltd(002248) products and build a leading brand in the machine tool manufacturing industry based on the changes of market demand, long-term, closely following the strategic layout and opportunities such as “supply side structural reform”, actively innovating, accelerating upgrading and expanding the layout around the main business, improving the management level and enhancing the core competitiveness of the enterprise.
