Fulin Seiko (300432, SZ) released 202 1 annual report. Last year, the company achieved an operating income of 2.656 billion yuan, an increase of 4.405438+0% over the previous year; The net profit was 399 million yuan, an increase of 20.85% over the previous year. It is particularly worth mentioning that Fulin Seiko announced in the annual report that Huawei's on-board electric drive reducer project has been officially mass-produced.
Fulin Seiko's main business is the research, development, production and sales of anode materials for auto parts and new energy lithium batteries. The main products are electronic water pump, electronic water valve, vehicle reducer assembly, gearbox solenoid valve and variable damping shock absorber solenoid valve.
For last year's performance growth, Fulin Seiko said that the sales revenue of traditional auto parts business increased compared with the same period of last year, and some new products such as new energy intelligent electronic control entered batch delivery, and the sales revenue increased year-on-year; The cathode material of new energy lithium battery was introduced to strategic investors, and the core customers continued to cooperate steadily and deeply; Jiangxi Shenghua Shehong Base's cathode material project with an annual output of 50,000 tons of lithium ferrous phosphate was successfully put into production at the end of the year, with the production capacity released in an orderly manner and supplied in batches; The price of upstream raw materials rose, and the supply and demand of lithium ferrous phosphate market was tight, which led to the price increase of the company's products. Jiangxi Shenghua's asset structure and financial situation have been improved, and the lithium battery cathode material business has turned losses into profits.
This company is the only one that uses oxalic acid method to prepare lithium iron phosphate on a large scale. The lithium iron anode prepared by oxalic acid method has the characteristics of high compaction density and high energy density, and is suitable for high-end lithium iron power batteries. The company is inextricably linked with contemporary Ampere Technology Co., Ltd.. At present, Contemporary Ampere Technology Co., Ltd. and Chen Dao Capital respectively hold 20% of the shares of Jiangxi Shenghua, a subsidiary of the Company. We expect that more than 70% of the company's iron and lithium products will be supplied to Contemporary Ampere Technology Co., Ltd.
Auto parts: production capacity: the company has 4 million sets of gearbox electromagnetics, 600,000 sets of electronic pumps, 300,000 sets of electronic pumps, 654.38+0 of pump housing, and 654.38+0 of gear shaft and housing. Customers: The company has foreign-funded and joint-venture brands such as Volkswagen, General Motors and Toyota, as well as domestic independent brands such as SAIC, BAIC, Changan, Geely and Great Wall, forming a market structure dominated by the domestic market and gradually broken through by foreign markets.
Intelligent electronic control: Relying on United Electronics and Huawei, the advantages of system integration have been formed on the basis of the increasing increment of vehicle-mounted electric drive reducer. At present, the company's annual production capacity is 330,000 units/set, of which the second-phase production line is 6.5438+0.8 million units/set, which is being supplied to Huawei in batches.