Guangzhou Baiyun Electric Equipment Co.Ltd(603861) recently released the annual report for 2021, realizing an operating revenue of 35127695 million yuan, a year-on-year increase of 16%; The net profit attributable to shareholders of listed companies was 374865 million yuan, a year-on-year decrease of 40.42%.
In 2021, the company’s R & D expenses increased by 293267 million yuan year-on-year. According to the policy of “double carbon” and new power system construction and the development trend of power industry and market, the company has increased the R & D investment in new environmental protection gas product series, flexible direct capacitor localization series, new energy power supply product series, product intelligent upgrading, etc.
In 2021, the market price of raw materials increased significantly. The price of copper, the main material used in the company’s products, increased by 37.17%, the price of aluminum coated zinc sector increased by 31.62%, the price of cold rolled steel sector increased by 33.79% and the price of stainless steel sector increased by 21.64%, resulting in an increase in the operating cost rate of about 3.23%.
During the reporting period, the total assets of the company were 81233046 million yuan, a year-on-year increase of 12.04%; The net assets attributable to shareholders of listed companies were 2752100400 yuan, with a year-on-year increase of 4.22%, and the asset scale continued to grow steadily.
