Jiwei Network News (Wen/Jiang Cui) On April 26, Aolian Electronics released its 2021 annual report, saying that during the reporting period, the company achieved operating income of 451 million yuan, an increase of 8.28% year-on-year; net profit of 34.4354 million yuan, an increase of 9.06% year-on-year.
Aolian Electronics said that in 2021, due to the impact of upstream chip shortages, repeated epidemics, and a sharp rise in raw materials, it has had a greater impact on the development of the automotive industry, especially the auto parts industry in the downstream of the supply chain market has entered the cold winter mode. During the reporting period, the company firmly grasped the "cost reduction and efficiency increase" and "innovation and hard work", and better completed the tasks and goals set by the board of directors.
In 2021, the company's products involve power electronic control, body electronic control and new energy system control and other fields. The main products include electronic accelerator pedal assembly, gear shift controller, low temperature start device, electronic throttle, electromagnetic solenoid and urea heating tube, automotive air conditioning controller, automotive interior mirror, vehicle controller, all-in-one controller, battery management system and special vehicle power supply system. The company's products have strong market competitiveness in many segments.
The report shows that after 20 years of development, Aolian Electronics has an excellent customer base with good R & D and design strength, reliable product quality and rapid response, and its products cover domestic mainstream independent and multiple joint venture brand customers, and is a first-class supplier of automotive control and auto parts. At present, the company supplies customers such as SAIC-GM, SAIC Maxus, Geely Automobile, FAW Hongqi, FAW Jiefang, Great Wall Motor, Changan Automobile, BYD, GAC Passenger Vehicle, Jianghuai Automobile, Sinotruk Group, Foton Motor, Dongfeng Motor, Dongfeng Mahler, Dongfeng Yueda Kia, Nanjing Iveco, Jiangling Motors, Weichai Power, Guangxi Yuchai, Beijing Hyundai, Caterpillar and so on. In the face of new changes in the automotive industry, the company will continue to take the customer as the center, take excellent product quality and rapid response as the core, adhere to scientific and technological innovation, optimize the product structure, keep up with the market development, deeply cultivate existing customers, expand market share, and at the same time conform to the trend of new car-making forces, and have now entered the new energy vehicle supplier system such as zero-run cars, Nezha cars, millet cars, Weilai automobiles, ideal cars, Dongfeng Lantu and so on.
On the same day, Aolian Electronics simultaneously disclosed the first quarter report of 2022, showing that Q1 company achieved operating income of 87.9371 million yuan, a year-on-year decrease of 23.76%; net profit attributable to shareholders of listed companies was 2.0595 million yuan, a year-on-year decrease of 85.07%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 1.2537 million yuan, a year-on-year decrease of 90.8%.
Aolian Electronics responded to the year-on-year decline in Q1 revenue that during the reporting period, the domestic epidemic situation showed a multi-point scattered outbreak, since March, the epidemic situation in Changchun and Shanghai is grim, the company's Changchun regional customers (FAW Hongqi, FAW Besturn, FAW Jiefang) are in a state of suspension, and the company's Shanghai regional customers (SAIC-GM, SAIC Maxus) logistics transportation and production organization difficulties, which has a certain adverse impact on the company's performance during the reporting period. The company's management, research and development, production is located in Nanjing, Jiangsu Province, and its business is distributed throughout the country. In 2022, if the epidemic situation in Shanghai continues, or other parts of the country form a new spread, some of the company's customers may have project delays, production declines, etc., which will adversely affect the company's business development. The company will pay close attention to the development of the new crown epidemic, with the resumption of work in Changchun and the partial resumption of work in Shanghai, due to the release of the backlog of demand during the sealing period, the company will optimize the allocation of production capacity, increase the preparation of scarce materials, and ensure the timely delivery of customer orders to the greatest extent.
(Proofreading/Andy)