Snowman Group disclosed its annual report on April 28, 2022. The company achieved a total operating revenue of 2.01 billion in 2021, a year-on-year increase of 37.7%.d The net profit attributable to the parent company was - 110 million yuan, compared with - 180 million yuan in the same period of last year, and the range of loss narrowed.
Compressor made a great contribution to the revenue in this period
From the perspective of business structure, compressor is the main source of business income. Specifically, the operating revenue of compressor is 820 million, accounting for 40.72% of the revenue and 11.6% of the gross profit margin. The operating revenue of central air conditioning system is 210 million, accounting for 10.55% of revenue and 10.1% of gross profit margin. The revenue of ice making equipment was 419 million yuan, accounting for 20.91% of the revenue and 12.4% of the gross profit.
Domestic business increased year-on-year by 43.52% , overseas business showed a rather slow expansion
From the perspective of business division, the proportion of domestic sales of the company was 89.01%, and the total revenue was 1.787 billion yuan, with an increase of 43.52% compared with the same period last year. The total revenue of overseas business was 220 million yuan, accounting for 10.99%, with an increase of 3.82% compared with the same period last year.
During the period, the expense rate decreased by 5.9%, and the operating cash flow decreased significantly by 175.5%
In 2021, the operating cost of the company was 1.73 billion, with a year-on-year increase of 43.3%, higher than the growth rate of 37.7% of operating revenue, resulting in a decrease in gross profit margin of 3.3%. The cost rate during the period was 19.5%, down 5.9% from last year. Operating cash flow decreased from 130 million to -98.676 million, a year-on-year decrease of 175.5%.
About Snowman Group
The company's brand of ice making machine enjoys popularity in both domestic and international markets. The company has become a leading enterprise in the international ice making equipment industry. The company has a complete ans wide range of compressor products and applications. The products include cold chain logistics, industrial refrigeration, commercial refrigeration, energy conservation and environmental protection, new energy and other fields. The company’s technology has been widely recognized by the international refrigeration industry. At present, Snowman Group owns advanced ice making, cold chain technology and perfect cutting-edge technology of hydrogen energy industry chain, laying a solid industrial foundation for the industrialization of precision equipment manufacturing.
At Racc2021
Chen Wei, deputy general manager of Fujian Snowman Technology Services Co., Ltd.
Speech topic: Changing trend of equipment selection of refrigeration system in large and medium-sized cold storage considering the 2021 cold storage design standards
The company has many international well-known brands, including an ice making equipment brand called SNOWKEY, two international compressor brands SRM and Refcomp, screw expansion generator brand Opcon, etc. The brand is highly recognized by the world, which also enhances the brand influence of the company in the field of refrigeration equipment at home and abroad.
Through international investment and M & A, the company has become one of the few enterprises in the world with leading technologies of piston compressor, screw compressor and centrifugal compressor. The company has an international technology R & D team, with the participation of experienced R & D personnel from Sweden and Italy, and has more than 300 patents and more than 500 key process technologies.
Refrigeration compressor is the core of refrigeration system and runs through the whole industry chain of cold chain. Since December 2021, the general office of the State Council has issued the 14th five-year plan for the development of cold chain logistics, focusing on the development of the cold chain service system of 6 + 1 categories, meat, fruits, vegetables, aquatic products, dairy products, frozen food, vaccines and other pharmaceutical products, further expanding the field of cold chain logistics service market. The company's customer product procurement demand involved in the above industries is expected to increase significantly.
