Sanhe Tongfei Refrigeration Co., Ltd.(stock abbreviation "Tongfei shares", stock code: 300990) disclosed its annual report on April 25, 2022. The company achieved a total operating revenue of 830 million in 2021, a year-on-year increase of 35.5% . The net profit attributable to the parent company was 120 million, a year-on-year decrease of 3.8%. Earnings per share was 2.52 yuan. In the first quarter of 2022, the company achieved a total operating revenue of 190 million, a year-on-year increase of 9.9%; The net profit attributable to the parent company was 20.968 million, a year-on-year decrease of 27.1%.
During the period, the cost rate increased by 2.3%
In 2021, the operating cost of the company was 590 million, with a year-on-year increase of 49.6%, higher than the growth rate of 35.5% of operating revenue, resulting in a decrease of 6.7% in gross profit margin. The expense rate during the period was 13.8%, an increase of 2.3% over the previous year.
CNC industry and temperature control industry contribute the most to the revenue, and the overseas business grows rapidly.
In terms of industries, the company's revenue of CNC equipment and temperature control industry was 584 million yuan, accounting for 70.49%, with an increase of 40.52% compared with the same period last year. The revenue of temperature control equipment for power electronic devices was 183 million yuan, accounting for 22.14% of the revenue, with an increase of 6.49% compared with the same period last year.
In addition, as for sales areas, overseas business is growing rapidly. The company's domestic sales business accounted for 95.23% and its revenue was 789 million yuan, an increase of 32.84% over the same period last year. Overseas business accounted for 4.77% and revenue was 4.77%, with an increase of 123.90% compared with the same period last year.
About Tongfei Shares
Since its establishment, Tongfei has always been committed to providing customers with system solutions in the field of industrial temperature control. Through constantly enriching and improving the industrial layout, the company has formed four product series: liquid constant temperature equipment, electric box constant temperature device, pure water cooling unit and special heat exchanger.
At present, the domestic market concentration in the field of power electronic temperature control is relatively high. The company's pure water cooling unit products can be used in power transmission and transformation industry, electrical transmission, new energy power generation and other fields. At present, the company has become a supplier of Sieyuan Electric Co., Ltd (002028), Beijing Sifang Automation Co., Ltd. (601126), WindSun Science & Technology Co., Ltd. (688663), TBEA Co., Ltd. (600089) and other well-known enterprises. The company's downstream customers are well-known in their industry. Based on the good development trend of China's power electronic device industry, the company will further actively expand the field of temperature control products in this market.
