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Jinbei Automobile's net profit in 2021 was 195 million yuan, a year-on-year turnaround

Jinbei Automobile's net profit in 2021 was 195 million yuan, a year-on-year turnaround

Jiwei Network News (Wen/Chen Wei) On April 21, Jinbei Automobile released its 2021 annual report, saying that the company achieved operating income of 5.191 billion yuan in 2021, down 4.88% year-on-year; net profit attributable to shareholders of listed companies was 195 million yuan, achieving a turnaround; net profit after deducting non-recurring gains and losses was 224 million yuan, an increase of 2802.32% year-on-year.

Jinbei Automobile's net profit in 2021 was 195 million yuan, a year-on-year turnaround

The report shows that in order to further consolidate the position of its subsidiary Jinbei Antaotuo in the seat supplier system of the main engine factory, Jinbei Automobile and Lear Mauritius, which has research and development resources for the front end of the car seat, have carried out joint venture cooperation and exchanged the equity of the subsidiary. During the reporting period, Lear Mauritius acquired a 49% stake in Jinbei Ando through a public auction, and the Company successfully purchased a 49% stake in Shenyang Lear, a subsidiary of Lear Mauritius. The cooperation between the two sides can complement each other's advantages, improve operational efficiency and increase market development.

Jinbei Automobile said that during the reporting period, the subsidiary Jinbei Yanfeng BMW interior business and Jinbei Lier BMW seat business developed steadily, and the subsidiary Tieling Brilliance successfully obtained the first-class supporting qualification of FAW Liberation and realized the batch supply of products; Shanghai Minfu successfully obtained the volkswagen supporting qualification and realized the supply; the shareholding company Haichen Zhilian actively expanded the external market, expanded the market of high-end mechanical processing products, and obtained orders for high-value-added products.

In addition, under the influence of various unfavorable factors such as the implementation of the National VI emission standards and the shortage of automobile chips in the reporting period, Jinbei Automobile's subsidiary Jinbei Materials and Jinbei Industry expanded sales through multi-channel marketing and flexible use of manufacturer policies, achieving annual sales of 2,697 vehicles and operating income of 235 million yuan, an increase of 8%; among them, the sales volume of heavy truck heavy truck trucks ranked in the top ten in the country, FAW Jiefang light trucks and Foton Xiangling micro trucks ranked first in Liaoning Province, and heavy truck Haowo light trucks ranked third in Liaoning Province. In terms of automobile sales, the company implements a multi-brand business strategy, increases the creation of a full range of commercial vehicle models, and covers the head brand of commercial vehicles.

It is worth mentioning that in the main business, Jinbei Automobile makes full use of technical resources and gives full play to the advantages of high-quality and efficient technical services of local enterprises to ensure the continuous acquisition of new business. During the reporting period, the headrest, foaming, skin and assembly of the Jinbei Lear G18 project passed the customer's mass production process audit (PZS) so far, reaching the mass production state, which is the first one-time green PZS project in bmw brilliance history, setting a new benchmark for the project management of BMW Brilliance's whole chair; during the reporting period, Jinbei Lear completed the certification of smart factories and provincial green factories, and obtained government subsidies. Jinbei Yanfeng's G18 projects all passed the customer process audit, of which the dashboard and the central control project obtained one-time green approval from customers; during the reporting period, Jinbei Yanfeng received the digital workshop subsidy of the intelligent upgrade demonstration project and the provincial green factory subsidy. During the reporting period, the company's high-tech enterprises continued to promote technological progress, and 28 patents of various types were added throughout the year, including 5 invention patents and 23 utility model patents.

In 2022, affected by a new round of the epidemic, the development situation of the auto parts industry is still grim, the market competition is further intensified, and the survival of the fittest is still the main theme of the auto parts market in the coming period. Therefore, Jinbei Automobile has taken active countermeasures, and strives to expand BMW's supporting cooperation and improve the level of parts production and operation by continuously enhancing its initiative and creativity. In 2022, the company strives to achieve operating income of 5.5 billion yuan and strives to improve the level of profit.

(Proofreading/Andy)

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