On April 28, Jiangsu Lixing General Steel Ball Co.Ltd(300421) released its annual report. In 2021, the company achieved double growth in operating revenue and net profit by virtue of its leading position and competitive advantage in the industry. The company achieved an operating income of 9739047 million yuan, an increase of 23.69% over the same period of last year; The net profit attributable to the shareholders of the listed company was 903308 million yuan, an increase of 49.06% over the same period last year; After deducting the profit and loss attributable to non current shareholders of the listed company in the same period of the previous year, the net profit attributable to non current shareholders increased by 7.973 million yuan, an increase of 7.966 billion yuan over the same period of the previous year. At the same time, as a high-precision and sophisticated product mainly developed by the company, the production capacity of roller has been gradually released. In 2021, the annual sales of roller reached 508828 million yuan, an increase of 51.29% over the same period of last year.
accelerate industrial layout and enhance overall strength
With the increasing demand for steel balls, the professional and large-scale business model has gradually become the development trend. In 2021, the company accelerated the industrial layout of rolling element production and sales business outside China, accelerated the implementation of the company’s “internationalization” strategy, improved the influence and control of powerstar brand in the world’s high-end market, and better served existing and potential customers. The company has set up a precision ball bearing industry in Nanyang County to provide better service for customers and expand the market of precision ball bearing in Nanyang County. Roller is a high-precision and cutting-edge product mainly developed by the company. At the same time, as the second pillar product of the company, with the smooth delivery of samples from major customers and the continuous popularity of wind power field outside China, the company has ushered in new opportunities. In 2021, Lixing roller, a wholly-owned subsidiary of the company, successively received batch orders from customers at home and abroad such as Dalian SKF, Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) slewing ring, fersa and larragon; Successfully passed the cross terminal audit of Yuanjing new energy and the cross terminal audit of SKF south high gear project; Successfully delivered the roller of 80×80 shield machine project of Shenyang Chinese Academy of Sciences. The high-precision bearing roller project for rail transit of the national strong foundation project officially entered the industrialization stage, and successfully delivered the 4-category 22 model samples of special products for rollers of China Zhejiang high-speed railway. Through unremitting process exploration, Lixing roller has truly realized the batch and stable production of primary tapered rollers. At the same time, the process breakthrough of large, extra large and special-shaped rollers will also become a new profit growth point of roller products in the future.
strengthen the innovation of process equipment and promote technological progress
In 2021, the company invested 501144 million yuan in R & D, a year-on-year increase of 34.58%. In 2021, the process technology and equipment department set up 15 continuous improvement projects, involving quality improvement, system improvement, tooling and equipment innovation and many other aspects. In 2021, a total of 19 patents were applied for, including 9 invention patents and 16 authorized patents, including 3 invention patents. It was rated as an intellectual property intensive enterprise. The single machine intelligent processing technology and equipment of precision small microspheres are becoming more and more perfect. In 2021, the five structural reforms of organization, personnel, wages, products and market were further promoted, forming the development and challenge orientation of the company’s product structure, focusing on G3 and G5 high-precision small, micro spheres and precision medium and large balls of international cutting-edge customers at home and abroad, steadily improving the high-end new energy steam wheel hub balls and high-reliability wind power large balls, and breaking through the batch connection processing of precision tapered rollers and cylindrical rollers. The G5 high-precision steel ball research team and the hub medium-sized high-precision G10 steel balls have achieved small batch production and are included in the sales. It has accumulated a certain technical foundation for comprehensively promoting the transformation and upgrading of products, and also laid a foundation for the development of high-precision ceramic balls and the mass production of G3 small microspheres.
