Huayang Group released the 2021 annual performance forecast, the company expects to achieve a net profit attributable to the mother of 280 million yuan to 300 million yuan in 2021, an increase of 54.66% to 65.7% year-on-year; it is expected to achieve a net profit of 242 million yuan to 262 million yuan, an increase of 103.03% to 119.81% year-on-year.
Corresponding to the fourth quarter of 2021, the company is expected to achieve a net profit attributable to the mother of 0.72 billion yuan to 0.92 billion yuan, down 21.74% to 0% year-on-year, an increase of 1.41% to 29.58% sequentially; and achieve a net profit of 0.67 billion yuan to 0.87 billion yuan.
For the main reason for the growth of the performance in 2021, the announcement shows that the company's automotive electronics intelligent cockpit business includes central control, HUD, wireless charging, digital instruments and other product orders increased significantly; precision die casting business orders increased significantly. And through the low cost reduction to digest the impact of some raw material price increases, the company's operating profit increased significantly.
In addition, non-recurring income in 2021 decreased by about 22 million yuan from the same period of the previous year; equity incentive expenses in 2021 increased by about 10 million yuan from the same period of the previous year.
It is worth noting that since 2021, the company's second and third largest shareholders, Zhongshan Zhongke and Zhongke Baiyun, have frequently reduced their holdings. According to Wind statistics, the two have reduced the number of shares in the company since 2021 by more than 40 million shares, accounting for 8.6% of the company's total share capital (as of January 13, 2022).
For the whole year of 2021, Huayang Group's stock price rose by 105.28%, and the average increase of listed companies in the Wind tertiary automobile and auto parts industry in the same period was 29.43%. On January 25, 2022, the company's stock price closed at 55.3 yuan / share, PE (TTM) was 87.5 times, and Wind tertiary automobile and auto parts industry PE (TTM, the overall method excluded negative value) was 31.33 times.
Summary of other listed car companies
Risk control events
Tesla filed a counterclaim against JPMorgan Chase over a disputed bond contract. Tesla accused JPMorgan of unilaterally amending the terms of the warrants it obtained, demanding that Tesla pay $162.2 million, an act that was "dishonest and greedy." Tesla said JPMorgan had received "billions of dollars" from Tesla's soaring stock price and now wanted to "bring itself a pure ill-gotten gain" by amending its share certificates.
Other events
Guizhou Tire's 2019 restricted stock incentive plan has been the first lifting of the restriction period to lift the restriction conditions have been achieved, the company's 444 incentive objects meet the conditions for lifting the restriction of a total of 443 people, the number of restricted shares that can be lifted is 7.352 million shares, accounting for 0.77% of the company's current total share capital.
Huguang Shares' non-public issuance of shares has been approved by the China Securities Regulatory Commission, and the company's non-public issuance of no more than 120 million new shares has been approved, and if the total share capital changes due to the conversion of the share capital, the number of shares issued may be adjusted accordingly.
Dawei shares issued a performance forecast, is expected to achieve a net profit attributable to the mother of 12 million yuan to 18 million yuan in 2021, an increase of 33.43% to 100.14% year-on-year. （YZF）