Guangdong Hongda’s net profit in 2021 will increase by 19% year-on-year, and will expand the business of the military industry – yqqlm

　　Guangdong HongdaRecently released the 2021 annual report, the company will achieve in 2021Operating income8.526 billion yuan, a year-on-year increase of 33.33%; operating profit of 812 million yuan, a year-on-year increase of 42.05%;net profit480 million yuan, a year-on-year increase of 18.93%, the companyperformanceSteady growth compared to 2020.

Specifically, in 2021, the civil explosive sector will achieve an operating income of 1.869 billion yuan, a year-on-year increase of 43.97%. Due to the rising cost of raw materials, the profitability of the company’s original civil explosive business has declined. However, during the reporting period, the company acquired civil explosive companies such as Ji’an Chemical Industry, Xing’an Civil Explosives and other civil explosive companies, resulting in the expansion of the civil explosive business scale; the company’s mining services The business segment achieved operating income of 6.11 billion yuan, a year-on-year increase of 35.35%. The main reason was that in the first half of 2020, the mining service projects in some areas affected by the epidemic were under-operated. This year, the normal operation has resumed, and the overall mining service scale has expanded, so the performance has decreased. Increase; the defense equipment segment achieved operating income of 384 million yuan, a year-on-year decrease of 25.14%, mainly due to the decrease in orders for traditional defense equipment products and individual soldier equipment products.

During the reporting period, the company’s defense equipment sector has made many stages of progress. The company once again appeared at the Zhuhai Air Show to expand the company’s military brand influence; continued to increase investment in scientific research, and steadily promoted international market business; launched the final assembly plant construction project. The company also participated in the establishment of Guangdong Military Industry Group Co., Ltd., which has completed the industrial and commercial registration procedures for the Military Industry Group on December 31, 2021. The establishment of a military industry group will help the company to integrate more military resources through the platform, and also provide the possibility for the company to expand other military industry sectors, such as unmanned equipment and network security business.

The company said that in the future, the military sector will occupy the commanding heights of the industry in terms of advantageous projects with high requirements, high starting points, and high investment; at the same time, it will increaseM&AThe installed smart ammunition business absorbs military projects with high gold content, high starting point and large imagination space, and concentrates resources to fill the market; the mining service segment continues to optimize processes, develop unmanned large-scale equipment, and integrate automation of mining and selection processes; Extra-large mining enterprises provide services to form a strong competitive advantage and occupy market share; carry out integrated mergers and acquisitions of mining services and civilian explosives. The civil explosive sector needs to introduce advanced equipment, strengthen safety production, and continue to carry out high-quality expansion to expand its scale and consolidate its market position. At the same time, adhere to safe production, and further reduce the level of downsizing and increase efficiency.

(Article source: ShanghaisecuritiesNewspaper Chinasecuritiesnetwork)

Article source: Shanghai Securities News China Securities Network

Responsible editor: 83

Original title: Guangdong Hongda’s net profit in 2021 will increase by 19% year-on-year, and will expand its military sector business