Company code: Shanghai Tianyong Engineering Co.Ltd(603895) company abbreviation: Shanghai Tianyong Engineering Co.Ltd(603895) Shanghai Tianyong Engineering Co.Ltd(603895)
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 the authenticity, accuracy and completeness of the contents of the annual report, and there are no 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 Tianzhi International Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
Audited by Tianzhi International Certified Public Accountants (special general partnership), the company’s 2021 annual financial report shows that the net profit attributable to the shareholders of the parent company in 2021 is 721765579 yuan, the company has withdrawn 10% of the statutory surplus reserve of 157114808 yuan, the distributable profit of that year is 348490771 yuan, and the distributable profit at the end of the reporting period is 9478092254 yuan. Based on the above situation, according to the company law and the articles of association, the profit distribution plan proposed by the company is as follows: Based on the total share capital on the registration date of dividend distribution equity, the company will distribute cash dividends of RMB 0.10 (including tax) to all shareholders for every 10 shares, with a total of RMB 1080800 (including tax); There is no conversion of capital reserve into shares in this year. The remaining undistributed profits are carried forward to the following years.
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 Shanghai Tianyong Engineering Co.Ltd(603895) Shanghai Tianyong Engineering Co.Ltd(603895) none
Contact person and contact information secretary of the board of directors securities affairs representative
Name: LV Aihua Yifeng
Office address: No. 500, Huixian Road, Waigang Town, Jiading District, Shanghai
Tel: 0215067552802169920928
E-mail lvaihua@ty -industries. com. [email protected].
2. Introduction to the company’s main business in the reporting period
1. Overview of intelligent equipment manufacturing industry
Equipment manufacturing industry is a manufacturing industry that provides production technology and equipment for national economy and national defense construction. It is the core component of manufacturing industry and the basis of national economic development, especially industrial development. Building a strong equipment manufacturing industry is the fundamental guarantee to improve China’s comprehensive national strength and enhance the international competitiveness of manufacturing enterprises.
Intelligent manufacturing equipment is the core of high-end equipment, the frontier of manufacturing equipment and the foundation of manufacturing industry. It has become the competitive goal of today’s industrial advanced countries. As the key development direction of high-end equipment manufacturing industry and an important embodiment of the deep integration of informatization and industrialization, the development of intelligent manufacturing equipment industry is of great significance to accelerate the transformation and upgrading of manufacturing industry, improve production efficiency, technical level and product quality, reduce energy and resource consumption, and realize the intelligent and green development of manufacturing process.
With the intensification of international competition, in recent years, the United States, Germany, Britain, Japan and other developed countries in the world have implemented the “Reindustrialization” strategy with revitalizing the manufacturing industry as the core, and promulgated a series of national plans with the theme of “intelligent manufacturing”. In recent years, the transformation and upgrading of key industries in the national economy, the cultivation and growth of strategic emerging industries and the constraints of energy, resources and environment have put forward higher requirements for the intelligent manufacturing equipment industry and provided a huge market space. In the next 5-10 years, China’s intelligent manufacturing equipment industry will usher in an important period of strategic opportunities for development. According to the prediction of China Commercial Industry Research Institute, the output value of China’s intelligent manufacturing equipment will reach 2265 billion yuan in 2021.
2. Lithium battery equipment field
According to the data, China’s lithium battery shipments reached 217gwh in 2021, an increase of 51.7% year-on-year in 2020. With favorable policies and increasingly fierce market competition, the production and sales of new energy vehicles will be booming in 2021, which will promote the shipment of power lithium batteries. Since 2021, benefiting from the overall policy and market recovery, the scale of China’s lithium battery equipment market has shown explosive growth. By 2021, China’s lithium battery equipment market had reached 57.5 billion yuan, an increase of more than 100% year-on-year in 2020, mainly due to the rapid development of power field and the booming production and sales of new energy vehicles. With the surge in demand for power batteries, the lithium battery equipment market has ushered in a new round of high growth. Secondly, with the development of downstream industries, the demand structure of lithium battery market has changed, and product transformation and equipment renewal have further expanded the market demand of lithium battery equipment.
3. Powertrain automation intelligent equipment and information system integration
World famous engine enterprises have entered China through joint ventures and cooperation, which has put great pressure on local engine enterprises. In order to improve their competitiveness, some vehicle enterprises have begun to enter the engine industry and have made considerable progress by building their own intelligent equipment and information system integration; Moreover, now passenger car engine enterprises have also begun to enter the field of engines for trucks, buses, construction machinery and agricultural machinery, which will further squeeze the market share of small and medium-sized engine manufacturers, and the market concentration of the engine industry will be further improved in the future. Leading enterprises will increase R & D investment in engine technology products, which will promote the steady growth of engine manufacturing technology and corresponding equipment manufacturing industry. 4. BIW Welding Automation intelligent equipment and information system integration
Automotive welding automation intelligent equipment and information system integration are mainly used in the automotive manufacturing industry. When the automotive manufacturer builds new intelligent equipment and information system integration, welding is a necessary process link of vehicle manufacturing, and the investment in welding automation intelligent equipment and information system integration is essential; When the new and modified models are launched, from the perspective of manufacturing technology, the replacement of the body often brings changes to the welding process, which requires the intelligent equipment and the control program and hardware configuration of information system integration to be upgraded or modified to adapt to the production of new or modified models.
According to public data, the investment in fixed assets of China’s automobile welding equipment increased from 172275 billion yuan in 2011 to 358624 billion yuan in 2019, showing a rapid growth trend. Among them, the investment in welding process equipment accounts for about 12.5% of the fixed asset investment in automobile manufacturing industry.
The annual cumulative fixed asset investment of vehicle enterprises maintained stable growth. Investment in fixed assets mainly includes intelligent manufacturing equipment such as machinery and equipment. As one of the four major processes of automobile production, welding generally accounts for about 30% of the fixed asset investment in automobile production; At present, automobile welding intelligent equipment and information system integration have developed from less people to automation and intelligence. There is a strong demand for intelligent welding intelligent equipment and information system integration. Welding Siasun Robot&Automation Co.Ltd(300024) , and welding intelligent equipment and information system integration technology are the current development hotspots and key areas of investment and construction of vehicle enterprises. Adopting Siasun Robot&Automation Co.Ltd(300024) welding solutions can greatly improve the automation level and flexibility of welding intelligent equipment and information system integration, and the corresponding intelligent welding line has great market potential for upgrading.
5. New energy power battery module and pack intelligent equipment and information system integration
The production scale and process technology in the standard conditions for lithium ion battery industry issued by the Ministry of industry and information technology clearly requires that “enterprises should adopt production processes and equipment with advanced technology, energy conservation and environmental protection, safety and stability and high degree of automation”. At the same time, manufacturers are also required to speed up the formulation of a series of standards such as product performance, coding, specification and size of power batteries. It can be seen that the country has confidence and determination in promoting the coordinated development of the whole new energy vehicle industry chain.
With the key support of national science and technology projects, significant progress has been made in the research of key technologies, key materials and products of China Shipbuilding Industry Group Power Co.Ltd(600482) lithium battery. According to the white paper on the development of China’s lithium-ion battery industry (2020) released by evtank, a research institution, in conjunction with ivy Economic Research Institute, the shipment volume of China’s lithium-ion battery reached 131.6gwh in 2019, with a year-on-year increase of 18.6%, of which the shipment volume of lithium-ion battery for energy storage reached 8.6gwh in 2019, accounting for 2.9% of the lithium-ion shipment volume; The shipment volume of power lithium battery is 71 GWH, accounting for 54% of the lithium ion shipment volume; The shipments of consumer lithium batteries were 56.8 GWH, accounting for 43.2% of lithium ion shipments.
“New energy motor battery assembly” and “new energy motor battery test” industries have strong demand. According to the data of EV volumes, as of November 2020, the global sales volume of new energy vehicles was 2.63 million. According to 411600 in a single month in November, the global sales volume of new energy vehicles exceeded 3 million for the first time in 2020. With the rapid development of the new energy vehicle industry, the high-end market is bound to see explosive growth. In the whole process from lithium battery cell to automation module to pack intelligent equipment and information system integration, the automation degree of assembly line is an important factor to determine product quality and production efficiency. The intelligent manufacturing of power battery and pack is conducive to improving product quality and yield, reducing manufacturing and after-sales costs, which is the general trend of the industry. It can be predicted that the degree of automation and intelligence will determine the competitiveness of power battery enterprises in the future.
(I) main business of the company
During the reporting period, the company was mainly engaged in high-end intelligent manufacturing business. The company is an integrated supplier of intelligent automation equipment and information system integration and intelligent automation equipment. It is mainly engaged in the R & D, design, production, assembly, sales, after-sales training and services of intelligent automation equipment and information system integration and intelligent automation equipment. The company’s business and products can cover lithium battery intelligent equipment, photovoltaic intelligent equipment, automobile manufacturing, new energy motor batteries, engineering machinery, aerospace, military industry, 3C electronics, logistics and warehousing, digital chemical plants, food and beverage, medicine and other fields. With years of R & D technology accumulation, introduction and training of core technical personnel and customer development and maintenance, the company’s main products are gradually extended to BIW Welding Automation intelligent equipment and information system integration, engine online test equipment New energy vehicle motor battery equipment test line and automation equipment, 3C visual inspection, optical visual inspection (AOI) and artificial intelligence (AI) systems, intelligent warehousing and logistics, digital chemical plant (DF) and other fields, the main business has not changed.
With strong R & D technical strength, excellent product quality, rich project experience and perfect after-sales service, the company has successfully entered the supplier system of Saic Motor Corporation Limited(600104) , general motors, BAIC group, Guangzhou Automobile Group Co.Ltd(601238) , Chang’an Ford, Great Wall Motor Company Limited(601633) , FAW Group, Dongfeng Group, Weichai group, Geely, SAIC Volkswagen, Gotion High-Tech Co.Ltd(002074) , mengguli, Puya energy and other automobile and battery manufacturers. It has successively undertaken the project construction of intelligent automation, flexible intelligent equipment and information system integration of vehicle manufacturers and engine manufacturers in the above automobile industry, helping customers realize the intelligence and automation of production process, which is conducive to the intelligent transformation, transformation and upgrading of mass production. Since its establishment, the company has implemented more than 400 customized intelligent equipment and information system integration, and accumulated rich experience.
In terms of lithium battery intelligent equipment business, the company is committed to building a new energy equipment provider for intelligent complete equipment and information system integration covering lithium battery electrode production (front process), cell assembly (middle process) and battery assembly (rear process). On January 19, 2022, the company disclosed the plan for non-public development of a shares, which plans to raise funds through non-public offering of shares to invest in “lithium battery intelligent complete equipment manufacturing base construction project”, “new energy vehicle power battery equipment technology research center construction project”, etc. With the intelligent complete equipment manufacturing technology and automatic production line integration technology accumulated by the company for many years, the company will quickly form the intelligent complete equipment and information system integration capacity covering lithium battery electrode manufacturing (front process), cell assembly (middle process) and battery assembly (rear process); At the same time, strengthen the research on the manufacturing technology, integration technology and other forward-looking technologies of intelligent complete sets of power batteries for new energy vehicles.
For the needs of safe and efficient production of lithium battery cells, modules and packs of new energy vehicles, this application integrates online detection, machine vision quality detection and error proofing, warehouse erection, AGV and other intelligent detection and intelligent logistics technologies, and the digital manufacturing management system of battery production workshop, so as to meet the requirements of quality, intelligence, transparency and flexibility in the process of battery production. As a leading enterprise in the assembly field of the automobile industry, with the accelerated transformation and layout of traditional automobile enterprises, Shanghai Tianyong Engineering Co.Ltd(603895) takes advantage of the trend to enter the field of new energy motor and battery assembly. While relying on its long-term accumulated technical strength to escort the cooperative car enterprises, the company is also discussing and developing the assembly technology of new energy motors and batteries with the new forces of car making. In December 2020, the company invested in Puya energy, and its business layout related to the new energy industry, especially the research and development of lithium iron phosphate battery technology, will feed back its shareholder Shanghai Tianyong Engineering Co.Ltd(603895) ‘s new energy industry
