Jiwei Network News (Wen/Chen Wei) On April 19, Shuanglin Co., Ltd. released its 2021 annual report, saying that the company achieved revenue of 3.682 billion yuan in 2021, an increase of 2.95% year-on-year; net profit attributable to shareholders of listed companies of 129 million yuan, an increase of 41.95% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 71.6319 million yuan, down 7.02% year-on-year.
According to the data, Shuanglin Co., Ltd. is a professional intelligent manufacturing enterprise engaged in the research and development, manufacturing and sales of auto parts. The main products include automotive interior and exterior system parts, wheel bearings, precision injection molded parts, seat system parts, transmissions, new energy vehicle electric drives, etc. The company has 31 wholly-owned and holding subsidiaries and 6 branches in Shanghai, Ningbo, Xiangyang, Linyi, Suzhou, Chongqing, Liuzhou, Wuhu, Qingdao, Tianjin, Jingzhou, Shenyang and other places. By matching with OEMs nearby, we improve our rapid response capabilities and effectively meet customer needs. Each business unit actively improves its technology research and development capabilities, expands customer markets, improves operational efficiency, optimizes management efficiency, etc., and effectively allocates various resources.
The report shows that since 2018, Shuanglin Co., Ltd. has undergone strategic transformation, focused its business on the light commercial vehicle market, developed a longitudinal 6AT gearbox, and has been generally recognized by domestic OEMs for its reliable quality and low price. At present, the first transmission industry 6AT longitudinal project JAC Ruifeng M4 has been mass-produced, a model of the Great Wall is also about to be mass-produced at the end of June, and interested customers are SAIC Maxus, JAC, BAIC manufacturing, etc., it is expected that the company's operating income in the transmission business will have a better performance in the later period.
Shuanglin Co., Ltd. focuses on the research and development, production and sales of electric drives for new energy electric vehicles, including drive motors, motor controllers, integrated bridges, VMS, etc., and is committed to creating the best solution for new energy vehicle powertrains, and strives to become the leader of domestic small and medium-power new energy vehicle powertrains. The company's new energy business includes motors, bridges and controllers, and has shipped more than 250,000 sets. The company's cooperation with Wuling on the electric drive project was launched in early 2018, and a number of projects are currently underway, with more than 180,000 units shipped by the end of March.
In addition, Shuanglin Co., Ltd. and Wuling have newly developed a new generation of electric drive platform GSEV (i.e. E50MCE model) has been mass-produced in January 2022. The company will cooperate with Wuling on the 50KW project in the future. In June 2021, the company's electric drive won the bid for new energy vehicle projects such as Changan and Chery, of which the Chery project has begun gradual mass production in November 2021; the Changan project will be mass-produced in June 2022. The company actively explores new customers, and at present, the new energy electric drive business has successively won the bid for customer projects such as Chery, FAW Besturn, Changan, Shandong Hongri, etc., and is expected to start mass production in June 2022. The company currently has sufficient production capacity, with an annual production capacity of more than 500,000 sets, and the company will further deepen cooperation with various car companies and actively enhance product market share.
Shuanglin shares said that with the rapid development of the new energy vehicle market in the past two years, the transformation and upgrading of the automotive industry has intensified, the company is guided by market and customer needs, takes product technology innovation and operation and management mechanism innovation as the starting point, and takes intelligent and information construction as the means to further enhance the core competitiveness and create an internationally renowned supplier of core auto parts.
(Proofreading/Andy)