Wanfeng Aowei’s revenue exceeded 55 billion yuan in the first half of the year
On the evening of August 17, Wanfeng Aowei released the 2021 semi-annual report. The report shows that in the first half of 2021, Wanfeng Aowei achieved revenue of 5.547 billion yuan, a year-on-year increase of 25.44%; realized non-net profit of 166 million yuan, a year-on-year increase of 22.32%.
It is understood that the company is an international company with manufacturing as its core. It has manufacturing bases and R&D centers in ten countries (regions) around the world. The development pattern driven by the engine. The lightweight automotive metal parts industry has formed a subdivision position of automotive components with lightweight applications of metal materials such as “magnesium alloys, aluminum alloys, and high-strength steels.” , Development technology worldwide; global lightweight aluminum alloy wheel manufacturing base; domestic market share of high-strength steel sheet stamping parts business; domestic scale of environmental protection Dacromet coating business. The general aircraft manufacturing industry has three major aircraft design and development centers in Austria, Canada, and the Czech Republic, and a provincial engineering research center for domestic aircraft manufacturing. Wanfeng Diamond Aircraft has 4 series, 8 basic models, 16 models and a variety of aircraft All the intellectual property rights of the engine, the main models are DA20, DA40, DA42, DA50, DA62 and DART series. The composite material design of general aircraft has been adopted in the world. The whole industry is equipped with engines with independent intellectual property rights, and the operation is economical. And the voyage has a greater advantage in similar aircraft, and has a flight record in similar aircraft. Wanfeng Diamond Aircraft has won the global market position and advantages with its good product price-performance ratio and full-life service.
Wanfeng Aowei said that the main reason for the good performance in the first half of the year was that with the effective control of the domestic epidemic, the company’s operations returned to normal, coupled with the company’s “twin engine” strategy has achieved significant results, and the auto parts industry and the aircraft manufacturing industry have both made efforts. , During the reporting period, the company achieved good performance.
Wanfeng Aowei stated that the company’s auto parts industry has entered the supply chain of core customers, realizing a market structure that takes traditional automobiles as the basis, new energy vehicles as the fulcrum, equal emphasis on foreign and domestic markets, and coordination between the main engine and the after-sales market. Advantages in lightweight applications of metal materials such as “alloy-aluminum-high-strength steel”. In addition, the company’s aircraft manufacturing industry already has a relatively large influence and a high reputation in the global general aviation aircraft manufacturing field. In this field, the company’s related products have won the world’s second market position with good product cost performance and full-life services. With advantages, at the same time, with the goal of enhancing the value of the entire industry chain and ensuring the individual needs of different customers, the company has gradually established a global market network system.
In addition, the company also provided a corresponding explanation for the reason that the net profit attributable to shareholders of listed companies fell by 7.71% year-on-year as mentioned in the semi-annual report. At present, as the main raw material aluminum ingot prices increased by 31.72% year-on-year, the magnesium ingot price increased by 18.38% year-on-year, the steel price increased by 25.96% year-on-year, and the shipping price increased by 4-5 times. Some customers were not affected by the linkage. The year-on-year increase in operating costs was higher than the increase in revenue, and the overall profitability declined.
The company expects that as the price trend of bulk metal aluminum ingots, magnesium ingots, and steel slows down and the lagging effect of price linkage weakens, the company’s profitability will be significantly improved.
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