Company is mainly engaged in the research, development, production and sales of magnesium alloy , aluminum alloy precision die-casting products and supporting die-casting molds. The company's existing main die-casting products include automotive headlight heat dissipation brackets, automotive seat armrest structural parts, automotive display brackets, automotive transmission shells, automotive speaker shells, automotive pedal skeletons and other automotive die-casting parts, as well as non-automotive die-casting parts such as electric bicycle functional parts and structural parts, garden machinery spare parts and other non-automotive die-casting parts.
The company's main business revenue in the reporting period is as follows:
1. Introduction to the die casting industry
Diet casting technology started in the 19th century and was initially applied to the printing industry. In the early 20th century, the automobile industry rose. In 1904, H.H Franklin, a company in the United States, used die-casting technology to produce connecting rod support frames on automobiles for the first time, setting a precedent for the application of die-casting in the automobile industry and becoming an important turning point in the history of die-casting development.
Since then, the automobile industry has gradually replaced the position of the printing industry in the die-casting industry and has become the industry with the largest application of die-casting parts. From the mid-to-late 20th century, die-casting technology has undergone continuous reform, evolution and innovation, showing a leaps and bounds of progress.
The development of China's die-casting industry began around the mid-to-late 1940s and entered a booming stage in the 1990s. As China's automobile industry enters a period of rapid growth, the growth rate of automobile production has attracted worldwide attention, and China's die-casting parts production has also maintained a high growth rate. At present, supporting the automobile industry is still the main task of the die-casting industry, and the development of the die-casting industry is closely related to automobile sales.
In 2016 and 2017, my country's total die-casting parts production was 4.51 million tons and 4.79 million tons, respectively, and increased by by 22.7% and 6.2% year-on-year; from 2018 to 2019, my country's automobile sales decreased by 2.76% and 8.23% year-on-year respectively.
my country's total die-casting parts production decreased by 1.5% and 4.9% year-on-year; my country's automobile sales fell by 1.78% in 2020, but due to the growth of new energy vehicle production and sales on the die-casting industry, my country's total die-casting parts production and sales increased by 3% year-on-year.
2, development of magnesium alloy die castings
magnesium alloy has a relatively tortuous development in my country's die casting industry. In the early 21st century, given that my country's magnesium resources are very rich, the work plan formulated by relevant state departments to accelerate the development of the magnesium industry emphasized the strategic significance of magnesium development and application technology, and a wave of magnesium alloy die casting in China has set off.
However, some die-casting companies have not yet understood the usage performance and application scope of magnesium alloys. They have experienced a period of blind launch. Then magnesium alloy die-casting gradually entered a more rational development stage.
Currently, the proportion of magnesium alloy die castings production in the overall die castings production is still relatively low. However, with the gradual maturity of the magnesium alloy die casting process and the continuous promotion of the trend of automobile lightweighting, my country's demand for automobile magnesium has grown rapidly.
Aluminum alloys have become one of the main die-casting alloys in the early stages of the development of my country's die-casting industry. With the rapid development of the automobile industry, the demand for aluminum alloy die-casting parts has increased rapidly, and aluminum alloy has become the most widely used die-cast metal at present.
occupies a very important position in modern industrial production. Die-casting products have always been the largest and most varieties in the automobile industry. According to the "China Foundry Yearbook (2016)", the proportion of die-casting parts in the international market is more than 65%, and automobile parts account for about 75% of my country's die-casting parts.Therefore, the development of the automotive industry directly affects the overall development prospects of the die-casting industry.
3, Comparative analysis of companies in the same industry
(1) Comparative analysis of companies in the same industry debt repayment ability :
During the reporting period, the comparison of inventory turnover rates between companies and comparable listed companies in the same industry is as follows:
(2) Comparative analysis of companies in the same industry profitability:
During the reporting period, the comparison of gross profit margin of company's main business and gross profit margin of company's main business in the same industry is as follows:
(2) Comparative analysis of profitability of companies in the same industry:
During the reporting period, the comparison of gross profit margin of company's main business with gross profit margin of company's main business in the same industry is as follows:
Performance status: From 2018 to the end of 2021, the company's total operating income was 106.0255 million yuan respectively , RMB 146.9923 million, RMB 173.9849 million, RMB 219.0133 million, with an average annual compound growth rate of 19.89% from 2018 to 2021; net profit attributable to shareholders was RMB 30.7022 million, RMB 49.1883 million, RMB 60.1992 million, and RMB 53.6456 million respectively; the average annual compound growth rate from 2018 to 2021 was 14.97%.
Accounts receivable:
Fee:
cash flow :
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