Aucma disclosed its annual report on April 23, 2022. The company achieved a total operating revenue of 8.626 billion yuan in 2021, a year-on-year increase of 22.19%; The net profit attributable to the parent company was 180 million, a year-on-year decrease of 41.9%. Among them, the operating revenue of refrigeration appliances accounted for 65.3%, which contributed the most to the profits of the previous year.
Refrigeration appliances contribute greatly to the revenue during the period
From the perspective of business structure, refrigeration appliances are the main source of business income. Specifically, the operating revenue of refrigeration appliances was 5.18 billion, accounting for 65.3% of the revenue, an increase of 30.63% compared with the same period last year, and the gross profit margin was 16.5%. Among them, the revenue of air conditioning business was 514 million, accounting for 6.48%, an increase of 58.88% compared with the same period last year.
Export business decreased and domestic business revenue increased by 31.96%
Compared with last year, the overseas export business was affected to a certain extent and decreased slightly, compared with the same period last year. However, the domestic business showed an obvious growth trend. Due to the rise of raw materials, the increase of labor costs and other factors, the gross profit margin decreased by 4 percentage points compared with previous years.
During the period, the cost rate decreased by 3.8%
In 2021, the operating cost of the company was 7.19 billion, with a year-on-year increase of 26.8%, higher than the growth rate of 22.2% of operating revenue, resulting in a decrease of 3% in gross profit margin. The cost rate during the period was 12.6%, down 3.8% compared to last year. Operating cash flow increased significantly by 1049.3% to 120 million.
Aucma mainly focuses on refrigeration technology research and development as well as product manufacturing. It is one of the leading domestic enterprises specializing in cold chain equipment and household appliances, which also enjoys a certain popularity all over the world. In order to provide customized services for customers, Aucma intelligent cold chain equipment industry has completed the layout of the whole cold chain industry. Those cold chain equipment have been used in various areas, including supermarkets, bio-medicine, hotel kitchen, fresh produce with self-delivery, cold storage and transportation, etc.
The domestic sales of the company's products mainly rely on agents and direct sales. In recent years, the company has built a digital Yingshanghui open platform with passion and continuously improved its overall marketing ability. Self-owned brands and OEM are equally significant to exported products. With its overseas income increases year by year, the company has built an overseas marketing platform for the industry, continued to promote the construction of self-owned channels, OEM business and cross-border e-commerce channels. Aucma has also been gradually building overseas assembly plants.
