Longjin Technology is about to release its 2021 annual report. According to the performance report released on March 31, the attributable net profit was 0.055 billion yuan, a year-on-year decrease of 93.65%.
Explanation of operating results and financial conditions in the performance bulletin announcement:
1. Operating performance during the reporting period
In 2021, the company realized an operating income of 675.8043 million yuan, an increase of 15.76% over the same period last year; the net profit attributable to shareholders of the listed company was 5.5208 million yuan, a decrease of 93.65% over the same period last year.
During the reporting period, the company increased investment in research and development and market, and actively developed the international market and new business field layout on the basis of continuing to steadily develop its leading position in the domestic rail transit market; the sales revenue of the air-conditioning business segment of rail transit vehicles continued to grow. , the company newly won the bid for Shenyang Metro Line 4, Shenyang Metro Line 2 South Extension, Xi’an Metro Line 2 Phase II, Xi’an Metro Line 16, Huangpu Line 2 Tram, Fuzhou Metro Line 4, Zhengzhou Metro For rail vehicle air-conditioning projects such as Line 7, Changchun Metro Line 4, BYD’s Brazil Sao Paulo cloud rail project, and Spain’s CAF company’s Swedish intercity vehicle project, the newly signed and on-hand orders achieved year-on-year growth; the company’s new energy vehicles, data centers and The new business sectors such as energy storage systems and heat pump drying have completed the overall solution technical solutions and the serial development of intelligent energy-saving temperature control products, and have successively obtained industry certification and market recognition, and entered the stage of mass production and sales. Incremental sales from new business segments contributed to the company’s overall revenue growth.
During the reporting period, the company’s operating net profit decreased year-on-year, which was mainly affected by the following factors:
(1) The company will implement the core employee equity incentive plan in 2020, and the cumulative accrual of share-based payment in 2021 will affect the profit of 33.2464 million yuan;
(2) Affected by the international environment, the prices of bulk materials such as copper, aluminum, stainless steel, and electronic components such as chips and power devices required by the company’s products have risen, resulting in an increase in product costs;
(3) According to the company’s future development strategic plan, relying on the company’s core technological advantages in frequency conversion control, energy saving, low carbon and intelligence, establish a future-oriented strategic business segment, equipped with an independent R&D team and sales team, and increase the number of new energy vehicles. , data center and energy storage system, temperature control product R&D and market expansion in the field of heat pump drying, corresponding sales and R&D personnel have increased significantly, R&D and market investment have increased, labor costs and costs have increased, new business and new product R&D and market In the layout stage, no profit has been contributed yet. With the growth of sales revenue of each new business segment, it will become a new profit growth point for the company.
2. Financial status during the reporting period
At the end of the reporting period, the company’s total assets were RMB 1,424,125,300, an increase of 13.23% over the beginning of the period; the owner’s equity attributable to shareholders of the listed company was RMB 935,726,700, an increase of 4.52% over the beginning of the period; the net assets per share attributable to shareholders of the listed company was RMB 10.29, An increase of 3.42% over the beginning of the period.
3. Explanation of the difference from the previous performance forecast
There is no significant difference between the operating results disclosed in this performance bulletin and the expected situation in the “2021 Annual Performance Forecast” (announcement number: 2022-006) disclosed by the company on the website designated by the China Securities Regulatory Commission for information disclosure on the ChiNext Board on January 26, 2022. difference.
Langjin Technology‘s main business: R&D, production, sales and after-sales maintenance services of rail transit vehicle air conditioners and their control systems
The stock has not had an agency rating in the last 90 days.
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