Company code: Liaoning Sg Automotive Group Co.Ltd(600303) company abbreviation: Liaoning Sg Automotive Group Co.Ltd(600303) Liaoning Sg Automotive Group Co.Ltd(600303)
Summary of annual report 2021
Section I important tips
1 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 go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4 Dahua Certified Public Accountants (special general partnership) has issued an audit report with qualified opinions for the company. The board of directors and the board of supervisors of the company have explained the relevant matters in detail. Investors should pay attention to reading it. Dahua certified public accountants has issued the qualified opinion audit report dahuashen Zi [2022] 0013434 and the negative opinion internal control audit report dahuaneizi [2022] 000335. 5. The profit distribution plan or the plan of converting accumulation fund into share capital adopted by the board of directors during the reporting period will not be distributed or converted into share capital this time
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Liaoning Sg Automotive Group Co.Ltd(600303) Liaoning Sg Automotive Group Co.Ltd(600303)
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Gong Da (DAI) Xi Zhuo Cheng
Office address: No. a 52-2, South East Third Ring Road, Chaoyang District, Beijing No. a 52-2, South East Third Ring Road, Chaoyang District, Beijing
Tel: 28315877281010
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period
In 2021, China’s automobile production and sales showed year-on-year growth. The automobile production and sales completed 26.082 million and 26.275 million respectively, with year-on-year growth of 3.4% and 3.8% respectively, ending the decline for three consecutive years since 2018, and the production and sales increased steadily. The production and sales of passenger cars are completed respectively
21.408 million vehicles and 21.482 million vehicles, up 7.1% and 6.5% respectively year-on-year, 3.7 and 2.7 percentage points higher than the industry. China’s passenger car market has exceeded 20 million vehicles for seven consecutive years; The production and sales of commercial vehicles reached 4.674 million and 4.793 million respectively, with a year-on-year decrease of 10.7% and 6.6%. From the perspective of long-term development, the policy dividend effect supporting the growth of commercial vehicles in recent years has gradually weakened, and the commercial vehicle market will enter a period of adjustment in the future; From the production and sales of passenger and freight vehicle segments, the reduction of heavy trucks, light trucks and mini trucks is large, among which the reduction of heavy trucks is the largest; The growth of light buses in passenger cars has driven the growth of overall passenger car production and sales; The production and sales of pickup trucks were 547000 and 554000 respectively, with a year-on-year increase of 11.2% and 12.9% respectively. The production and sales of new energy vehicles reached 3.545 million and 3.521 million respectively, an increase of 1.6 times year-on-year, and the market share reached 13.4%, 8 percentage points higher than that of the previous year; New energy vehicles have become the biggest highlight of the automotive industry. Its market development has shifted from policy driven to market driven new development stage, showing a good development situation of double improvement of market scale and development quality. Automobile exports reached 2.015 million, a year-on-year increase of 1 times, accounting for 7.7% of the total automobile sales, an increase of 3.7 percentage points over the previous year. China’s automobile exports exceeded 2 million for the first time and reached a record high.
1. Main business scope: the company’s industry belongs to the automobile and parts manufacturing industry. Its main business is divided into three parts: light vehicle business, commercial vehicle business and auto parts business such as axle.
2. Business model: (1) procurement model. The main raw materials of the company’s whole vehicle products include powertrain, body, chassis, interior and exterior decoration, electrical parts, etc. among which powertrain is the most important raw material in the whole vehicle, including engine, gearbox, transmission system, etc; The main raw materials of axle products include gears, forgings, castings, steel, brake parts, etc; The energy required is mainly electricity, coal and alcohol based fuel. The company has established a procurement committee system and set up a centralized procurement center at the group level to strengthen and optimize the procurement work of the whole group. At the same time, the company has a procurement department in each business department and subsidiary of the company. The Procurement Committee is the decision-making body of the company’s procurement, which is responsible for the review and decision-making of supplier access, pricing review of purchased products, etc; The purchasing departments of the company’s centralized purchase center, business departments and subsidiaries are the executive departments of the company’s procurement. All procurement departments within the group implement resource sharing, constantly improve and build a platform for similar products, and constantly achieve the goal of large-scale procurement. (2) Production mode. The company’s main business can be roughly divided into three parts: light vehicle business, commercial vehicle business, axle and other auto parts business. Among them, light vehicles are mainly pickup trucks, which are produced by Dandong Huanghai Jinquan base; Commercial vehicles mainly include passenger cars and special vehicles, which are produced by Dandong Huanghai new energy base and Huanghai special vehicles; The axle is mainly produced by the parent company, Zhucheng Shuguang, Dandong Shuguang heavy bridge and Liaoning Shuguang chassis. Other auto parts mainly include gears and half shafts, which are produced by Rongcheng Shuguang and Fengcheng Shuguang respectively. (3) Sales model. ① Light vehicles: the company’s light vehicles are mainly pickup trucks. The sales of pickup trucks are mainly sold by dealers on a commission basis, supplemented by direct sales. The marketing system is constructed by establishing a dealer channel network. The company has developed more than 120 first-class dealers and more than 350 second-class dealers in all provinces and municipalities directly under the central government.
At the same time, supplemented by key customer sales, the company has established a key customer direct sales team and has provided products to customers in China Mobile, Tietong and other industries. ② Commercial vehicles: the company’s commercial vehicles are mainly large and medium-sized buses, involving bus, passenger transport, tourism leasing, group commuting, school bus and other subdivided use markets. Among them, bus sales such as public transport, passenger transport, tourism and school use have the characteristics of relatively fixed customer groups, large single purchase volume and strong customer negotiation ability, while group commuting, children’s school bus and other markets have the characteristics of scattered customers and single purchase. Therefore, the company’s bus business adopts a sales model dominated by direct sales and supplemented by dealer sales. ③ Axle and other auto parts: because the auto parts used by different models often differ greatly in model, size and structure, the personalized characteristics of customer needs are more obvious. In view of this, the company’s axle and other auto parts mainly adopt the order sales mode. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 427184708641511419935079 -16.47589775360929
Attributable to listed companies
Net assets of shareholders of the company 248581945505296143068079 -16.06292073528038
Operating income: 26946825848
Deduction and main business/
Unrelated business
Income and lack of 170699892379183539419387 -7.00
The operating income after the substantial commercial income belongs to the listed company
Net profit of shareholders of the company -458721114505488308697 -935.824663722633
Profit belongs to listed companies
Deduction from shareholders of the company -50955825691 -32871254094 not applicable -16881046683
Net profit from non recurring profit and loss arising from operating activities
Net cash flow of -450264108683462659440 -140034 -22636189558
forehead
Weighted average net assets -16.79 1.86 decreased by 18.65% 1.61
Yield (%) points
Basic earnings per share -0.68 0.08 -950 0.07
(yuan / share)
Diluted earnings per share -0.68 0.08 -950 0.07
(yuan / share) 3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 57146836369836666793245166075331355514167797
The net profit attributable to listed company shares -4747001433 -5326370225 -89584665793 -26840273213 belongs to listed company shares
Net profit after deducting non recurring profit and loss of -5690233570 -6707649398 -9582170363 -28975772360
Description of the difference between the quarterly data of cash flow of -16201795960 -23019785649 -86895421 -5717933838 generated from operating activities and the data in the disclosed periodic report □ applicable √ not applicable
4 shareholders 4.1 total number of ordinary shareholders, total number of preferred shareholders with voting rights restored, total number of shareholders holding special voting shares and top 10 shareholders at the end of the reporting period and the month before the disclosure of the annual report
Unit: shares
As of the end of the reporting period, the total number of common shareholders (households) was 49858
Total number of common shareholders at the end of the previous month before the disclosure date of the annual report (households) 47572
By the end of the reporting period, the total number of preferred shareholders whose voting rights had been restored (households) was 0
Total number of preferred shareholders whose voting rights were restored at the end of last month before the disclosure date of the annual report (households) 0
Shareholding of top 10 shareholders
