Qingdao Hiron Commercial Cold Chain Co.,Ltd. Disclosed its annual report on April 27, 2022. The company achieved a total operating revenue of 2.66 billion in 2021, with a year-on-year increase of 40.8%, reaching a five-year high. The net profit attributable to the parent company was 230 million, with a year-on-year decrease of 16%.
Commercial display cabinet made a great contribution to the revenue in this period
In 2021, the operating cost of the company was 2.11 billion, with a year-on-year increase of 55.1%, which was higher than the growth rate of 40.8% of operating revenue, resulting in a decrease in gross profit margin of 7.3%. The cost rate during the period was 10.5%, down 0.8 percentage points from last year. Operating cash flow decreased significantly by 85.1% to 55.662 million.
Commercial display cabinet made a great contribution to the revenue in this period
On the whole, the operating revenue of the company's commercial display cabinet business in 2021 was 2.556 billion yuan, with a year-on-year increase of 41.44%. The operating cost was 2.029 billion yuan, with a year-on-year increase of 57.12%. The gross profit margin was 20.62%, with a year-on-year decrease of 7.93 percentage points. The main reasons for the year-on-year decrease of gross profit margin were that the sharp rise in the price of raw materials led to the increase of the company's operating costs. The sales price of some customers' orders has decreased. Affected by the appreciation of CNY and the rise of costs, the gross profit of the company's export business orders decreased.
Domestic sales increased by 66.48%
In terms of regions, the company achieved domestic sales revenue of 2.093 billion yuan, with a year-on-year increase of 66.48%. The export revenue was 463 million yuan, with a year-on-year decrease of 15.79%.
