Securities code: 300699 securities abbreviation: Weihai Guangwei Composites Co.Ltd(300699) Announcement No.: 2022-003 Weihai Guangwei Composites Co.Ltd(300699)
2021 annual performance express
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Special note: the financial data of 2021 contained in this announcement is only preliminary accounting data, which has been audited by the company’s internal audit department and has not been audited by an accounting firm. It may be different from the final data disclosed in the annual report. Investors are reminded to pay attention to investment risks.
1、 Main financial data and indicators in 2021
Unit: RMB 10000
Increase and decrease of the project in the same period of last year in the reporting period
Total operating income 260730.78 211551.90 23.25%
Operating profit 85279.91 72920.76 16.95%
Total profit 85178.18 72490.39 17.50%
75918.47 64171.30 18.31% net profit attributable to shareholders of the listed company
After deducting non recurring profits and losses
71295.68 56570.39 26.03% net profit attributable to shareholders of the listed company
Basic earnings per share (yuan) 1.46 1.24 18.31%
Weighted average return on net assets 19.62%, 18.51% 1.11%
Increase and decrease at the end of the reporting period
Total assets 555972.20 464868.37 19.60%
414718.22 363618.87 14.05% owner’s equity attributable to shareholders of listed companies
Share capital 51835.00 0.00%
8.00 7.01 14.05% net assets per share attributable to shareholders of the listed company (yuan)
2、 Description of operating performance and financial status
(I) operating performance
During the reporting period, the company achieved a total operating income of 2607.3078 million yuan, a year-on-year increase of 23.25%, a net profit attributable to shareholders of the listed company of 759.1847 million yuan, a year-on-year increase of 18.31%, a net profit attributable to shareholders of the listed company after deducting non recurring profits and losses of 712.9568 million yuan, a year-on-year increase of 26.03%, and a stable growth in operating performance; The weighted average return on net assets was 19.62%, a year-on-year increase of 1.11 percentage points, and the overall profitability was steadily enhanced.
The main factors affecting the operating performance during the reporting period are:
1. During the reporting period, the price reduction of aviation batch products in carbon fiber and fabric business has brought great challenges to the growth of the company’s operating performance. However, the product capacity and downstream application development accumulation formed by the company’s continuous R & D investment for many years, as well as the historical opportunity and good market environment for the development of domestic carbon fiber, have made the company’s new products successfully introduced to the market and recognized by customers, The two raised investment projects with M40J / m55j carbon fiber and t700s / t800s carbon fiber as products have been batch produced and began to make contributions. The scale of t800h carbon fiber has gradually increased with the advancement of verification projects and the scale of verification production and delivery. The company’s multi-level and serial carbon fiber product strategy alleviates the impact of price reduction of individual products and ensures the stable growth of carbon fiber business. During the reporting period, the sales revenue of carbon fiber and fabric business was RMB 1.275 billion, with a year-on-year increase of 18.32%.
2. During the reporting period, the carbon beam business was affected by the market environment. The supply of carbon fiber, the main raw material, was tight, resulting in insufficient order delivery. The rise of raw material prices and exchange rate changes led to the decline of product profitability. In order to stabilize the development of carbon beam business, the company took a variety of measures to actively develop business resources and strengthen lean management and cost control, Efforts should be made to mitigate the impact of various adverse factors. During the reporting period, the sales revenue of carbon beam business was 808 million yuan, a year-on-year increase of 12.56%.
3. During the reporting period, driven by the demand for high-end equipment and industrial applications, the prepreg business actively expanded the product application field and made efforts to expand the business scale. In particular, the prepreg business achieved rapid growth thanks to the contribution of wind power prepreg. During the reporting period, the revenue of prepreg business was 359 million yuan, a year-on-year increase of 51.94%.
(II) financial status
During the reporting period, the company’s financial situation was good. At the end of the period, the company’s total assets were 5559722000 yuan, a year-on-year increase of 19.60%; The owner’s equity attributable to the shareholders of the listed company was 4147.1822 million yuan, a year-on-year increase of 14.05%; The net cash flow from operating activities was RMB 119032400, a year-on-year increase of 24.55%.
3、 Description of the difference from the previous performance forecast
Before the disclosure of this performance express, the company did not disclose the expected performance of 2021.
4、 Other instructions
This performance express is the preliminary calculation result of the company’s financial department and has not been audited by an accounting firm. The specific financial data will be disclosed in detail in the 2021 annual report. Please make careful decisions and pay attention to investment risks.
5、 Documents for future reference
1. Comparative balance sheet and income statement signed and sealed by the legal representative of the company, the person in charge of accounting and the person in charge of accounting organization (Accounting Supervisor).
Weihai Guangwei Composites Co.Ltd(300699) board of directors January 16, 2022
