Grasp the development opportunities of the machine tool industry and continue to promote technological innovation

       "In 2022, the company will actively seize development opportunities such as equipment renewal in the machine tool industry, domestic substitution and industrial parent machine policy support, and through technological innovation and market expansion, will continue to expand brand influence and achieve greater success." On the afternoon of April 21, in Yu At the 2021 annual shareholders meeting of Ring CNC, Xu Shixiong, chairman of the company, said.



Before that, Yuhuan CNC released the 2021 annual report and the 2022 quarterly report, both of which were good news.



Last year, the company achieved operating income of 438 million yuan, a year-on-year increase of 44.10%, and the net profit attributable to shareholders of the listed company was 73.5244 million yuan, a year-on-year increase of 69.63%; in the first quarter of this year, the company achieved operating income of 124 million yuan, a year-on-year increase of 10.83%, attributable to The net profit of shareholders of listed companies was 26.1738 million yuan, a year-on-year increase of 3.76%.



A reporter from Red Net Moment reviewed the company's performance report and found that in 2020 when the new crown epidemic occurred, the company also achieved a year-on-year increase of 327.22% in operating income and 995.46% in net profit. Since the epidemic, the company has bucked the trend and turned the crisis into an opportunity. Its performance has grown steadily year by year, and it has handed over a satisfactory "transcript" to investors.



Actively expand the market



Operating income hits record high



Machine tools, known as industrial mother machines, are the foundation of the manufacturing industry and a key area for high-end breakthroughs in China's manufacturing industry. In 2021, China's machine tool industry has entered a ten-year update cycle. At the same time, the development of emerging manufacturing fields such as consumer electronics, new energy vehicles, wind power, aerospace, powder metallurgy and other emerging manufacturing fields has continuously increased the demand for high-end CNC machine tools. Driven by the growth of new and emerging tracks, the prosperity of the CNC machine tool industry has improved.



"In 2021, the company will continue to make efforts in the research and development of new products and key core components, expand existing advantageous products, and develop new products that are highly recognized by the market and customers, and operating income will hit a record high." Regarding performance growth, Xu Shixiong believes that It is the result of the combined action of external and internal factors.



In 2021, on the basis of continuing to deeply cultivate the consumer electronics and auto parts industries, the company will actively expand new areas of product application and new customers in the market, and further enhance the company's brand influence.



Yi Xin, deputy general manager of Yuhuan CNC and secretary of the board of directors, told the Red Net Moment reporter that last year, the company achieved an operating income of 368 million yuan in the consumer electronics industry, and its main customers remained stable; at the same time, the expansion effect in the application field of CNC grinding equipment was obvious. Increased customer orders from new industries such as energy and power industry, tool industry, etc., CNC grinding machines achieved an annual operating income of 77.8479 million yuan, a year-on-year increase of 182.1%.



The annual report shows that while accelerating the domestic strategic layout of each business segment, the company overcomes the adverse impact of the epidemic on international business communication, and increases investment in e-commerce through analysis of overseas markets and the technical advantages of its own products. Focusing on key overseas markets such as India and South Korea, it has achieved rapid development of the scale of international trade business. In 2021, the company's overseas revenue will be 93.19 million yuan, a year-on-year increase of 536.73%.



The fundraising project has reached production and effective



Deeply cultivate the main business and improve the industrial chain



Yuhuan CNC, which is registered in Liuyang, Hunan, has been specializing in the research and development, production, sales and service of CNC grinding equipment and intelligent equipment since its establishment in 2004, providing customers with comprehensive solutions for precision grinding and intelligent manufacturing technology.



In 2017, the company successfully landed on the Shenzhen Stock Exchange, and the IPO raised 320 million yuan. The funds raised are mainly used for the upgrading and expansion construction projects of precision, efficient and intelligent grinding equipment, the technology upgrading and reconstruction project of the R&D center and the supplementary working capital.



After the company's listing, it has been promoting the construction of fundraising projects in accordance with the principle of steady development and benefit priority. In 2021, Yuhuan CNC precision, efficient and intelligent grinding equipment and production line upgrade and expansion construction project will be fully completed and put into production. According to estimates, the project achieved an operating income of 303 million yuan last year and created a net profit of 52.265 million yuan for the company, achieving production and efficiency ahead of schedule. The capital market has a prominent effect in helping the development of the real economy.



At the same time, with the completion of the construction of the fundraising project, the company's production capacity in CNC grinding machines, CNC grinding and polishing machines and related production lines will be further expanded.



According to the National Bureau of Statistics, in 2021, the cumulative output of China's metal cutting machine tools will be 602,000 units, a year-on-year increase of 29.2%. Obviously, driven by the upgrading of the domestic industrial structure and the strategy of strengthening the foundation of the national manufacturing industry, the "bonus period" of the machine tool industry will continue.



How will Yuhuan CNC, which has been on the market for nearly 5 years, take advantage of the momentum to achieve better development? The company said that in 2022, it will build a more complete industrial chain around "CNC machine tools + intelligent manufacturing". According to the latest development trend of industry technology and customer needs, it will increase investment and cooperation around the main business to promote the company's business scale and development. Quality improvement.