JDM Jingda Machine (Ningbo) Co., Ltd.(stockcode 603088) recently released its 2021 annual report. During the reporting period, the company achieved an operating revenue of 533822892.30 yuan, with a year-on-year increase of 25.53%. The net profit attributable to the shareholders of the listed company was 85791493.61 yuan, with a year-on-year increase of 27.38%. The net cash flow from operating activities was 166273300 yuan, with a year-on-year increase of 42.67%.
Micro channel heat exchanger business contributed 6.26% to the revenue growth in this period
During the reporting period, the company's development in the market of air conditioning and heat exchanger equipment remained stable, with an annual operating revenue of 24.16241 million yuan and a year-on-year increase of 6.26%. The annual operating revenue of microchannel equipment and other equipment was 71.8751 million yuan, with a year-on-year decrease of 4.99%. The annual operating revenue of precision press was 202.5435 million yuan, with a year-on-year increase of 88.35%. The company's product structure was further optimized. The indicators of the company's production and operation maintained growth.
From the perspective of business structure, microchannel heat exchanger equipment is the main source of business income. Specifically, the operating revenue of microchannel heat exchanger equipment is 240 million, accounting for 46.8% of revenue and 38% of gross profit margin.
New products are popular in the market, and fin products are produced at a high speed
In terms of intelligent equipment of heat exchanger, the fin access machine pioneered by the company has solved the difficulty of the existing fin high-speed production line, which requires manual fin removal, and also realized batch ordering. The first low-carbon, environment-friendly, chip free small U, collar and dryer with multiple functions in one machine has improved technology and steadily increased orders. Significant progress has been made in the research and development of intelligent automatic fin piercing machine, which has been given close attention by industry giants. Tens of millions of porous composite tubes have been successfully developed and entered the international well-known manufacturer of automobile microchannel heat exchanger. Throughout the year, the company's heat exchanger automation equipment series products achieved a revenue of 242 million yuan, with a year-on-year increase of 6.26%.
Domestic revenue increased by 46.3% year-on-year, and overseas business shrank significantly
During the period, the cost rate decreased by 1.6%
In 2021, the operating cost of the company was 330 million yuan, with a year-on-year increase of 29.6%, which was higher than the growth rate of 25.5% of operating revenue, resulting in a decrease of 2% in gross profit margin. The cost rate during the period was 18.1%, down 1.6% from last year.
