On the evening of August 27, Yonggui Electric Appliance (300351) released its 2021 semi-annual report, and the company achieved revenue of 468 million yuan in the first half of the year, down 5.39% year-on-year; and achieved a net profit attributable to the mother of 0.57 billion yuan, an increase of 33.70% year-on-year. In May 2020, Yonggui Electric Appliance sold its wholly-owned subsidiary Yiteng Electronics, excluding the impact of this factor, the company's operating income in the first half of the year increased by 19.27% year-on-year, and the net profit after deducting non-deductions increased by 56.42% year-on-year.
The announcement shows that in the rail transit and industrial sector, the company's products are mainly used in railway locomotives, buses, subways and other vehicles and rail lines; supporting supplies are provided to CRRC Group, China National Railway Group Co., Ltd. and urban subway operating companies with rail transit. The company closely follows the national strategy, expands in depth in the field of rail transit, focuses on optimizing existing products, strives to overcome technical problems, continues to quickly meet customer product needs, and steadily increases the incremental business income of the rail transit sector, achieving a total revenue of 293 million yuan, an increase of 10.27% year-on-year.
In the automotive and energy information sector, the company's on-board products have entered the supply chain system of domestic first-line brands and joint venture brands such as Geely, Great Wall, BYD, and SAIC; energy information products support Huawei, ZTE and other companies. As one of the main manufacturers of new energy vehicle connectors in China, the company has adjusted its customer structure in recent years, focused on head customers, improved product quality, and achieved rapid business growth, with a revenue of 121 million yuan during the reporting period, an increase of 72.74% over the same period last year.
The relevant person in charge of Yonggui Electrical Appliance said that the company set sail from the rail transit connector, deep ploughing for many years, occupies a leading position in the field of domestic rail transit connector segmentation, and has continued to expand in depth in recent years, and has formed seven major rail transit product layouts including connectors, door systems, shock absorbers, battery boxes, etc.; In the field of vehicle and energy information, the company seizes the opportunity of rapid development of the industry, and the products have entered the domestic first-line brand and joint venture brand supply chain system, occupying a leading position in the industry; at the same time, the company firmly grasps " Military-civilian integration" strategic opportunities, research and development of various military and aerospace sector products, continue to consolidate the industry position.
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