Shanghai Welltech Automation Co.Ltd(002058)
About Shenzhen Stock Exchange
Reply to inquiry letter of 2021 Annual Report
Dahuhezi [2022] No. 009504
Dahua Certified Public Accountants (special general partnership)
Beijing Institute of Certified Public Accountants
Business report unified coding reporting system
Unified business reporting code: 110101482022978026799
Name of the report on the inquiry letter of the 2021 annual report of Shenzhen Stock Exchange:
reply
Report No.: dahuhezi [2022] 009504
Name of audited (inspected) unit: Shanghai Welltech Automation Co.Ltd(002058)
Name of accounting firm: Dahua Certified Public Accountants (special general partnership)
Business type: special audit
Report date: May 18, 2022
Filing date: May 18, 2022
Chen Lin (31 Shenzhen Fountain Corporation(000005) 0170),
Signed by:
Zhou Qi (310 Digital China Group Co.Ltd(000034) 688)
(information can be queried by scanning QR code or logging into the official website of Beijing injection Association)
Note: this filing information only proves that the report has been filed with the Beijing Institute of certified public accountants, and does not mean that the Beijing Institute of Certified Public Accountants makes any form of guarantee for the content of the report in any sense.
Shanghai Welltech Automation Co.Ltd(002058)
About Shenzhen Stock Exchange
Reply to inquiry letter of 2021 Annual Report
Table of contents page 1. Reply to the inquiry letter on the 2021 annual report of Shenzhen Stock Exchange 1-35 2. Professional qualification certificate of the firm and certified public accountant
Dahua Certified Public Accountants (special general partnership) 12 / F, building 7, yard 16, West Fourth Ring Middle Road, Haidian District, Beijing [100039] Tel: 86 (10) 58350011 Fax: 86 (10) 58350006 www.dahua-cpa. com. Reply to the inquiry letter on the 2021 annual report of Shenzhen Stock Exchange
Dahuhezi [2022] 009504 Shenzhen Stock Exchange:
We are pleased to receive the inquiry letter on Shanghai Welltech Automation Co.Ltd(002058) (annual report inquiry letter [2022] No. 164 of the company department, hereinafter referred to as the "inquiry letter") transferred from Shanghai Welltech Automation Co.Ltd(002058) (hereinafter referred to as "the company", "the company" or "weltai"). We have checked and implemented relevant issues one by one, and now report as follows:
1、 In 2019 and 2020, the sales revenue of your company's original main business automation instrument business was 89.51 million yuan and 82.32 million yuan respectively, and the net profit was - 13.98 million yuan and - 650000 yuan respectively; In 2021, the business segment achieved an operating revenue of 126.29 million yuan and a net profit of 5.01 million yuan. Please make supplementary disclosure:
(1) List the name of the top five customers of the business, sales amount, sales proportion, related relationship and the balance of accounts receivable as of the end of the period;
(2) If the top five customers have changed compared with the previous years, please specify the sales situation and reasons for the change in the previous years.
(3) Combined with the situation of downstream industries and comparable listed companies in the same industry, this paper analyzes in detail the reasons and rationality of the substantial increase in operating revenue in 2021 compared with the previous years and the reasons for turning loss into profit according to the product classification.
(4) In 2021, the gross profit margins of pressure transmitters, environmental protection products and other instruments and meters in the automation instrument business were 32.66%, 20.03% and 19.62% respectively, with changes of 10.71%, 39.05% and 20.04% respectively compared with the same period of the previous year. Please analyze in detail the reasons for the sharp change in the gross profit margin of the above products, as well as the reasons and rationality for the sharp increase in the sales revenue of environmental protection products and other instruments and meters and the sharp decline in the gross profit margin.
Company reply:
1. List the names of the top five customers of the business, sales amount, sales proportion, relationship and deadline
Balance of accounts receivable at the end of the year
The top five customers of the company's automation instrument business are as follows:
Unit: Yuan
Customer name sales amount sales proportion (%) relationship year-end A / R
Account balance
Guangdong Hengbao Electromechanical Equipment Co., Ltd. 422520357 3.35 non related party 46810200
Jinan Urban Construction Group Co., Ltd. 399248900 3.16 non related parties 351124448
Shanghai Shuidun Intelligent Technology Co., Ltd. 355631991 2.82 non related parties 395400000
Henan gengxiang Construction Engineering Co., Ltd. 325046 2.58 non related parties 167617300
Jiaxing Qiuyou Network Technology Co., Ltd. 312522124 2.47 non related parties 15827030
Total 1815248418 14.38976778978
2. If the top five customers have changed compared with the previous years, please specify the sales and distribution of the previous years
Reasons for changes
The operating revenue of the company's top five customers from 2021 to 2019 is as follows:
Unit: Yuan
20212020 2019
Customer name
Ranking operating revenue change rate ranking operating revenue change rate ranking operating revenue
Guangdong Hengbao Electromechanical Equipment Co., Ltd. 1422520357
Jinan Urban Construction Group Co., Ltd. 2399248900 214% 127114000
Shanghai Shuidun Intelligent Technology Co., Ltd. 3355631991
Henan gengxiang Construction Engineering Co., Ltd. 4 325046
Jiaxing Qiuyou Network Technology Co., Ltd. 5312522124 280% 82166818 158% 31880531
Guangzhou automation equipment Co., Ltd. 267944599 10% 243308455 32% 183822582
Zhejiang Automation Technology Co., Ltd. 221487863 0% 5221599783
Sichuan Technology Co., Ltd. 205296457 - 10% 4227365042 50% 5151463277
Jinan automation equipment Co., Ltd. 192189651 19% 161102832 6% 4152403166
Shanghai Water Meter Factory Co., Ltd. 190843451 - 41% 1325496461 - 14% 2377945549
Hangzhou Automation System Engineering Co., Ltd. 151757001 - 20% 189906786 - 66% 1551412924
Shanghai Zijiang International Trade Co., Ltd. 104716459 - 55% 3233755221 55% 151176050
Total 314948389918118153981 Saic Motor Corporation Limited(600104) 079
In 2021, compared with 2020, three new customers were added to the top five customers.
Among them, the company has been established in 2020
In, it delivered goods to Guangdong Hengbao Electromechanical Equipment Co., Ltd., but it did not meet the conditions for revenue recognition at the end of 2020,
Revenue is not recognized in the current year. The company will recognize the revenue when the revenue recognition conditions are met in 2021. Therefore, in 2021, the company actually added two new customers among the top five customers. These customers achieved a total operating revenue of 6.896 million yuan, accounting for 5.39% of the operating revenue of the automation instrument division this year.
The reasons for the changes of the company's top five customers are as follows:
(1) Downstream customers are scattered, stable and less large customers can be relied on
Different from other manufacturing enterprises, the order continuity characteristics of the company's project-based customers are not obvious. The automatic instruments and meters produced by the company are used in petrochemical, metallurgy, electric power, coal, municipal public utilities, environmental protection and other industries and fields to meet the investment needs of downstream enterprises in project construction, technical transformation and equipment renewal. The number of products and order amount required by customers fluctuate due to the progress of project implementation. common
