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The net profit in 2021 fell by 7.7%, and Fu Rong Technology still plans to 4.2 yuan for 10 to 3

The net profit in 2021 fell by 7.7%, and Fu Rong Technology still plans to 4.2 yuan for 10 to 3

Jiwei Network news, on the evening of March 29, Fu Rong Technology released its 2021 annual report, achieving operating income of 1.931 billion yuan, an increase of 16.71% year-on-year; net profit attributable to shareholders of listed companies of 293 million yuan, a year-on-year decrease of 7.70%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 287 million yuan, a year-on-year decrease of 6.98%; basic earnings per share of 0.7312 yuan, proposed to pay a cash dividend of 4.20 yuan per 10 shares (including tax) and the conversion of 3 shares with capital reserve funds.

The net profit in 2021 fell by 7.7%, and Fu Rong Technology still plans to 4.2 yuan for 10 to 3

Fu Rong Technology said that in 2021, the company seized the market opportunity that the demand for tablets under the epidemic situation still maintained a strong momentum and the gradual recovery of consumption to stimulate the growth of user demand for mobile phones, on the basis of consolidating market stock orders, the company organized forces to successfully undertake orders for 7 series aluminum alloy tablets and 7 series aluminum alloy folding screen mobile phone materials. The total shipment of high-end IT materials such as 7 series aluminum alloy mobile phones and tablets increased significantly throughout the year, providing new impetus for the company's performance growth.

In addition, the company organized the implementation of a number of scientific and technological innovation projects, with an annual R&D investment of nearly 17 million yuan. Through scientific and technological innovation, a number of 6 series and 7 series grade aluminum alloys have been successfully developed and produced throughout the year, and more than 20 new projects such as smart phones, tablets and laptops have been completed; a new 7 series aluminum alloy has been successfully developed and applied to tablets and folding screen mobile phones, effectively enhancing the influence of the "Fu Rong" brand in the industry. Promote the intelligent transformation of the company's production line, give full play to the advantages of the automated production line in terms of labor and product quality, and successively start the extrusion production line stretch saw cutting frame automation, fine saw blade inspection automated production line, mobile phone film inspection automated production line and laptop film inspection automated production line of technical transformation work, so that product quality stability is further improved, laying a better foundation for improving product market competitiveness.

In 2021, the company will focus on the development trend of the iterative upgrading of consumer electronics, take the development opportunities brought by the commercialization of 5G communications for the global consumer electronics industry as the starting point, and go all out to open up the aluminum structural parts material market.

First, on the basis of grasping the market stock orders, the organization personnel should increase the intensity of order undertaking to ensure the steady growth of orders. Under the industry-leading role brought by Samsung folding screen mobile phones, many customers' new product projects use 7 series aluminum alloy materials. The company gives full play to the technical advantages and competitive advantages formed by the long-term production of 7 series aluminum alloy materials to ensure that the company is the first to enter mass production and obtain a higher share of orders, so that the total number of 7 series orders in the whole year increased year-on-year.

The second is to reconstruct the global supply chain around the lack of core of mobile phones and the domestic epidemic situation, continue to expand the supply of advantageous products, increase efforts to undertake orders for tablets and laptops, and win the trust of customers with high quality.

The third is to take sales as the leader, keep up with the pace of upgrading client products, and promote product research and development. In 2021, on the basis of stabilizing existing end customers and foundries, we will continue to develop new customers for small and medium-sized foundries.

It is reported that in 2021, the company organized personnel to overcome the difficult problems of product quality, successfully developed a number of 6 series, 7 series aluminum alloys and promoted applications; concentrated on solving the problem of ingot segregation layer to ensure that the quality of large-scale ingots meets the requirements; using recycling mode of recycled aluminum, organizing the completion of the transformation of the first-line recycling system of melting and casting and successfully put into operation. Through the above measures, a total of 6 series and 7 series aluminum alloys were successfully developed and produced throughout the year, and successfully applied to many projects of Samsung, Apple and other brands, and the sales volume of newly developed products reached more than 31,000 tons throughout the year, which effectively enhanced the influence of the "Fu Rong" brand and ensured that the company's innovation ability ranked at the forefront of the industry.

Looking forward to the future, Fu Rong Technology said that 2022 is a key year for the company to implement the "14th Five-Year Plan" and build a new base in Luoyuan, and it is also an important year for the company to seize opportunities and take advantage of the momentum. From the perspective of industry development, the smartphone market has ushered in a new round of growth from 2021; folding screen mobile phones are in the ascendant, and the future market prospects are broad; the tablet and notebook computer markets are still in demand due to the consumption habits developed under the epidemic. From the perspective of the company's development strategy, the company is in the intersection of major strategic opportunities for the development of the consumer electronics industry and industrial transformation and intelligent upgrading of production lines; from the perspective of the company's development trend, the company's development direction and development conditions are changing, and the future growth momentum is forming.

(Proofreading/Arden)

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