On April 28, Shanghai Yongguan Adhesive Products Corp.Ltd(603681) simultaneously released the annual report of 2021 and the first quarter report of 2022.
In 2021, the company achieved an operating revenue of 3.84 billion yuan, a year-on-year increase of 59.07%; The net profit attributable to the shareholders of the listed company was 226 million yuan, a year-on-year increase of 28.50%; Deducting non net profit of 188 million yuan, a year-on-year increase of 56.79%. The company plans to distribute a cash dividend of 2.00 yuan (including tax) to all shareholders for every 10 shares.
In the first quarter of 2022, the company achieved an operating revenue of 1.074 billion yuan, a year-on-year increase of 51.26%; The net profit attributable to the shareholders of the listed company was 676022 million yuan, a year-on-year increase of 11.85%.
In 2021, Shanghai Yongguan Adhesive Products Corp.Ltd(603681) multi-point layout, comprehensive chain extension and production expansion, and further improved profitability and market competitiveness. On the basis of the former Shanghai Qingpu base and Jiangxi Fuzhou base, the company set up Vietnam base and Shandong base. At the same time, the company also laid out production bases in Vietnam’s coastal defense, further reducing labor costs.
Benefiting from the completion and operation of early-stage projects, the company’s production capacity was further released. Among them, the company’s film-based tape sales increased by 32.65% year-on-year, and the sales increased by 77.71% year-on-year; The sales volume of the company’s paper-based tape increased by 50.67% year-on-year, and the sales volume increased by 61.52% year-on-year.
During the reporting period, the company adhered to its main business, continued to expand its R & D team, increased R & D investment, promoted the upgrading of its main business with technological innovation, committed to the development of new products, new technologies and new processes and the application of new equipment, continued to strengthen scientific and technological management, and continuously enhanced the scientific research strength and core competitiveness of the enterprise. The company’s R & D expenses were 138 million yuan, a year-on-year increase of 29.43%.
It is noteworthy that, based on the expansion and strengthening of the four traditional tape products (cloth base tape, masking paper tape, PVC tape and OPP tape), the company has laid out the future, incubated new business departments and opened up new fields. It has successively established automobile harness tape business department, medical consumables business Department, hot melt adhesive business department, automobile structural adhesive business department, label advertising consumables business department and consumer electronic tape business department to enter the automotive industry High end industrial, medical and other high value-added adhesive products market.
