Ruoyu fixture is mainly engaged in the research, development, production and sales of automobile fixture, intelligent welding equipment, power distribution room and other special equipment for automobiles. In 2020 and 20021year, the company realized operating income of 20180,000 yuan and 25 10/00,000 yuan respectively, and net profit was 7.76 million yuan and 8.0305 million yuan respectively. 202 1, operating income and net profit both increased.
The income of automobile checking fixture business decreased.
The main downstream customers of Ruoyu fixture are well-known automobile and parts manufacturers at home and abroad, and the main products are automobile fixture, intelligent welding equipment and new energy vehicle power station and other special equipment for automobiles. Among them, automobile testing tools are the largest main products, and the annual income in 2020 and 2002/kloc-0 was 65.438+84 billion yuan and 65.438+67 billion yuan respectively, accounting for 84.49% and 66.40% respectively.
202 1 The overall revenue increased, but the revenue of automobile fixture business decreased. In this regard, Ruoyu said that the company's automobile inspection business is highly related to the continuous development of new models by downstream customers. During the reporting period, the automobile industry was in the policy transition period from the "National Five-Year Plan" to the "National Six-Year Plan" and the development period when new energy vehicles were gradually introduced to the market. The downstream automobile main engine factory of the company is cautious about relevant policies, the research and development and production activities of new models are weakened, and the superimposed epidemic situation has a pulse-like impact on the automobile industry, and the overall market demand has declined.
Whether the company's automobile fixture business will further decline, Ruoyu fixture is not clearly described. However, in order to cope with the risk of fluctuations in a single downstream industry, Ruoyu Fixture said that it would "continuously explore the application of fixtures in high-end equipment manufacturing fields such as new energy vehicles and large aircraft manufacturing".
202 1, the overall revenue growth is mainly due to the rapid growth of the new business sector-the electricity exchange. The distribution room is a supporting product of new energy exchange power station. In 2020 and 20021year, the product income of the company's power exchange room was15,243,200 yuan and 53,542,200 yuan respectively, accounting for 7.00% and 2 1.3 1% respectively, and it has become the company's second largest main product.
However, the gross profit margin of power station changing business is lower than that of automobile testing equipment business, and the prices of main raw materials have risen sharply, which makes the gross profit margin of the company drop from 36.50% in 2020 to 30.55% in 202 1 year, and the growth of net profit is lower than that of operating income.
Ruyu Fixture also pointed out risks such as "business transformation" and "business expansion is not as expected" for the power station changing business. Because the power station changing industry is still in the early stage of rapid development, various industry standards and policies have not been unified. In the future, if there are unfavorable factors such as changes in the industry environment and customer demand, intensified market competition, falling product sales prices and so on, the company will face the risk that the business expansion of new energy power station changing is not as expected, which will affect the company's operating performance.
The power exchange room business relies more on Weilai.
In 2020 and 20021year, the top five customers of ruoyu fixture accounted for 64.35% and 44.82% respectively, and the customer list mainly included SAIC, Weilai Automobile and Faurecia.
The customers of Ruoyu fixture power exchange room business are mainly Weilai Automobile and its subsidiaries. In terms of sales amount, in 2020, almost all the income of Ruoyu fixture replacement room will come from Weilai Automobile and its subsidiaries; In 20021year, the largest customer of power exchange room business became Kunshan swope Intelligent Equipment Co., Ltd. (hereinafter referred to as Kunshan swope), and the sales amount reached 42155,000 yuan.
In this regard, the public transfer instruction (application draft) suggests that "the power exchange room business depends on a single customer": the power exchange room business depends on Weilai Automobile to a certain extent. In the future, if Weilai Automobile purchases less or even cancels cooperation with the company, it may have an adverse impact on the company's operating performance.
Compared with the list of major customers, the list of the top five suppliers of Ruoyu fixture has changed greatly. The top five suppliers in 2020 are only 1 and among the top five suppliers in 2026, 5438+0.
It is worth noting that 202 1 Ningbo Anchi Automobile Technology Co., Ltd. (hereinafter referred to as Ningbo Anchi), the second largest supplier, is a related party of Ruoyu Fixture, and the purchase content is the shell of power exchange room, with the purchase amount of 17487800 yuan. Ningbo Anchi was founded in May 2008+2065438, initiated by former employee Gao Ankang.
In this regard, the listing audit department asked the company to supplement whether the company has the independent production capacity of power exchange products and whether it relies on Ningbo Anchi; Whether Ningbo Anchi is actually controlled by the company, whether there are special interest arrangements such as holding, and whether there is interest transfer; The necessity, authenticity and fairness of the related transactions between the company and Ningbo Anchi.
National business daily
National business daily