Securities code: 300353 securities abbreviation: Kyland Technology Co.Ltd(300353) announcement Code: 2022-012
Kyland Technology Co.Ltd(300353)
2021 annual performance forecast
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.
1、 Expected performance of the current period
(I) performance forecast period: from January 1, 2021 to December 31, 2021.
(II) performance forecast: turning losses into profits.
The current reporting period of the project is the same period of last year
Profit attributable to shareholders of listed companies: 14 million yuan – 21 million yuan, loss: net profit of 91.30511 million yuan
Loss after deducting non recurring profit and loss: 47 million yuan – 57 million yuan loss: net profit of 1006382800 yuan
2、 Communication with accounting firms
The relevant data of this performance forecast is the result of the preliminary calculation of the company's financial department. Without the audit of the audit institution, the company has preliminarily communicated with ShineWing Certified Public Accountants (special general partnership) responsible for the annual audit of the company on matters related to the performance forecast. There is no significant difference between the company and the audit institution in terms of performance forecast. 3、 Explanation of performance change reasons
In 2021, the company closely focused on the annual business objectives and focused on the core business direction. The company achieved an operating revenue of RMB 900-1 billion, with a year-on-year increase of about 68% to 87%; The net profit attributable to the shareholders of the listed company is 14-21 million yuan, and the loss is turned into profit. The main reasons are as follows:
1. In 2021, the company continued to optimize the strategic business layout of the company, effectively integrated the business resource advantages of the group on the basis of maintaining the steady growth of core network business, and actively promoted the commercialization of edge general controller, software definition control and other products and technologies.
During the reporting period, the company signed new orders of about 1.3 billion yuan, of which the new orders of China's industrial Internet business were about 830 million yuan, an increase of about 35% over last year. With the help of the national "new infrastructure" and industrial localization policies, the company has successfully won the bid for the operation control system of a DRT digital rail electric vehicle in Shanghai, the on-board switch project of Shenzhen Metro Line 12 and the integrated monitoring system of the branch lines of Shenzhen metro lines 14, 16, 12 and 6 in the field of rail transit; In the field of electric power, the company's products have been successfully implemented in the national production independent controllable intelligent decentralized control system project of a power plant in Inner Mongolia and a power transmission and transformation project in xiong'an; In the fields of water conservancy, coal, ports, intelligent factories and so on, the company won the bid for the project of introducing Yangtze River to Huaihe River, the project of Huainan mining basic environment system, Tianjin Port Co.Ltd(600717) section C automatic container terminal project and the automation of Zhongtian iron and steel plant. The company's industrial network business maintained a good development trend; During the reporting period, the company's new orders for overseas industrial Internet business were about US $30 million, with a year-on-year increase of about 59%. In the face of the adverse impact of overseas epidemic and international environment, the company actively adjusted its sales strategy and technology application solutions. The company's products and technologies were recognized by overseas users and established long-term in-depth strategic cooperation with them, The company's overseas business expansion still achieved breakthrough growth.
In 2021, the company made a major breakthrough in edge computing control and industrial software business, with new orders of about 70 million yuan. During the reporting period, the company focused on key industrial fields such as intelligent building, engineering machinery, intelligent manufacturing and 5g + industrial Internet, continued to carry out business cooperation with excellent customers in the industry, made use of the resource advantages of all parties, and jointly committed to the reduction and unmanned of industrial sites and the comprehensive system improvement of artificial intelligence + control, and developed edge control in intelligent sites 3C industry visual inspection equipment, engineering vehicle driverless and other industrial applications have laid a solid foundation for the company's edge computing control and industrial software business market expansion.
By the end of the reporting period, the amount of orders to be executed by the company had exceeded 900 million yuan, an increase of about 30% over the end of last year, laying a good foundation for the company's future revenue growth.
2. During the reporting period, the company strengthened the collection of long-term accounts receivable, and achieved sales collection of about 1 billion yuan this year, an increase of about 180 million yuan over last year, which effectively optimized the aging distribution of accounts receivable and improved the management quality of accounts receivable of the company. At the same time, the company continued to improve the supply chain management process, developed risk management plans for core parts, and maintained a relatively stable gross profit level in the case of tight supply of core materials.
In addition, during the reporting period, the company strengthened lean management and achieved remarkable results in various cost control. In 2021, the company implemented the restricted stock incentive plan to reduce fees and increase efficiency by adjusting the human cost structure. At the same time, during the reporting period, the company reasonably adjusted the financing structure, reduced the scale of liabilities, and the financing cost decreased compared with the same period last year; By the end of the reporting period, the company had completed equity financing of 160 million yuan, further optimized the financing structure, reduced the asset liability ratio from 67% to about 54% at the end of the previous year, and increased the current ratio from 1.63 to about 1.77 at the end of the previous year, effectively improving the company's debt solvency.
3. During the reporting period, the company continued to invest in the applied R & D of strategic products such as industrial Internet, edge controller, maview and TSN, and steadily promoted the pilot application. With excellent technical strength, new products such as maview and TSN have been promoted in the rail transit industry for the first time, which has accumulated rich experience for the model replication of the group's strategic new products in the rail transit industry and cross industry market expansion.
4. During the reporting period, the impact of non recurring profits and losses on the current net profit of the company is expected to be about 70 million yuan (93.33 million yuan in the same period last year), mainly due to the confirmation of government subsidy income at the end of government project acceptance in the reporting period and the investment income from the disposal of Jushri Technologies Inc(300762) shares.
4、 Other relevant instructions
1. This performance forecast is the preliminary calculation result of the company's financial department, and the details will be determined after the audit and evaluation by the audit institution and evaluation institution.
2. The specific financial data of 2021 will be disclosed in detail in the company's 2021 annual report. Please make careful decisions and pay attention to investment risks.
5、 Documents for future reference
Description of the board of directors on the annual performance forecast of 2021.
It is hereby announced.
Kyland Technology Co.Ltd(300353) board of directors January 26, 2022
