JUNHE shares: the revenue growth in 2021 was steady, and the export performance of benefited products reached a new high

4 month 19 Sunday night , JUNHE Pump Co., Ltd （ Stock code ： JUNHE Co., Ltd , Stock code ：603617） Release 2021 Annual report , The company's revenue has achieved steady growth . among , Realize operating revenue 9.75 One hundred million yuan , Year on year growth of up to 32.15%; The net profit attributable to the shareholders of the listed company is 9236.65 Ten thousand yuan .

JUNHE shares said , The growth of the company's performance is due to the substantial increase in the demand for the company's products in the market , Sales orders grow . meanwhile , Excellent quality of the company 、 High tech products have won the trust of many high-quality customers at home and abroad , Ensure that the company's order volume increases at the same time , The performance will also be greatly improved , Worthy of market expectation .

The outlet volume of the water pump increased steadily , The industry's development resilience appears

In recent years , The global pump industry has been in a period of growth and development , The market continues to expand . according to ZionMarketResearch and P&SMarketResearch Statistics released , forecast 2018-2024 year , The growth rate of the global water pump market will reach 5.29%, To 2024 In, the total scale of water pump market reached 665.1 Billion dollars , The market has great growth potential .

meanwhile , With the vigorous development of the national economy , Research and development of pump products in China 、 Design and production have also developed rapidly , China has become an important supplier of pump products . According to the statistics of China General Machinery Industry Association , Output of pump industry in China 2012 Year of 8,502 Ten thousand units increased to 2020 Year of 18,251 Ten thousand units , The compound annual growth rate during this period is 10%, The scale continues to expand .

according to the understanding of , China's domestic water pump industry is an export-oriented industry , Most of the products are exported ,2021 The export situation in also showed a high level of growth . This will directly benefit the larger scale of China 、 Water pump enterprises with independent R & D and design capabilities , JUNHE Co., Ltd. is one of the few domestic enterprises whose product quality can reach the certification level of Europe and the United States , Get no small growth opportunities .

2020 The epidemic accelerated the share rise of Chinese enterprises in , With stable capacity supply , The supply position of Chinese enterprises in channel providers has been significantly improved . We believe that driven by the advantages of the industrial chain and the bonus of Engineers , Chinese enterprises will continue to have the advantages of technology and cost performance , The pace of global substitution will continue . Chinese enterprises have explored and grasped lithium electrification in household water pump tool industry earlier than overseas enterprises 、 Cordless trend , The accumulation of three electric technologies is deeper , And the trend of industrial chain transfer to China is expected to help Chinese enterprises further reduce costs and increase efficiency .

JUNHE Co., Ltd. is a leading domestic water pump enterprise with perfect industrial chain layout , In recent years, the export delivery value has ranked among the top three in the domestic industry . Now , In the context of global industrial transfer of water pump industry , And the trend of market share gathering to leading enterprises in the post epidemic era , The company firmly seizes market opportunities , It has consolidated the cooperation with many well-known customers at home and abroad , Actively undertake new orders , The market share is expanding .

at present , JUNHE shares has formed an integrated industrial chain , Covers water pump motor 、 Injection molded parts 、 Aluminum accessories 、 Assembly and inspection of cable and water pump products , The whole industry chain has obvious advantages . meanwhile , The company governs JUNHE plastic industry 、 Bluefin technology and JUNHE cable 3 Wholly owned subsidiaries , It effectively ensures the timeliness of the supply of core components of the company's products and product quality , Coordinated development of all links of the industrial chain , The comprehensive cost is gradually reduced , The competitiveness of the company has been significantly improved .

JUNHE shares include submersible pumps 、 Garden Pump 、 Four series of fountain pump and deep well pump 800 Products of multiple specifications and models , obtain GS、CE、EMC、UL And many other international product certifications . With good product quality 、 Strong R & D ability and good reputation , The company has established long-term and stable business cooperation with well-known customers at home and abroad , The products are exported to Europe 、 America 、 Oceania and other regions .

according to the understanding of , JUNHE shares have been associated with, including K RCHER（ Kaichi ）、AL-KO（ Aike ）、 And Anhai 、 Kaichi 、OBI（ obi ）、 Cuifeng 、 Anda house 、 Many international famous brand manufacturers including Franklin 、 Traders 、 Large chain stores have established direct cooperative relations with supermarkets , The customer relationship is long-term and stable . High quality customer resources have also become a powerful guarantee for the stable growth of the company's performance .

Production capacity optimization has been steadily improved , Steady performance growth

According to the annual report of JUNHE shares , company 2021 The annual operating revenue is 9.75 One hundred million yuan , Year-on-year growth 32.15%; The net profit attributable to the shareholders of the listed company is 9236.65 Ten thousand yuan ; Basic earnings per share 0.45 element .

From the overall market environment , The market demand for household water pumps increased steadily , The new covid-19 pneumonia epidemic is spreading in the world. 、 In the context of the impact on the supply chain , The company's operating income remains 32.15% High growth of , This high growth in revenue is inseparable from the strong improvement of the company's production capacity .

Annual report , JUNHE Co., Ltd “125 10000 water pumps project ”、“375 10000 water pumps project ” The installation and commissioning of Fenghua intelligent industrial park construction project and related production line equipment in phase I are carried out in an orderly manner , On 2021 year 6 Basically put into operation in January .2021 The annual production capacity of the company's water pump is 544.20 Ten thousand units , Year-on-year growth 34.26%, Gradual release of production capacity , Successfully solved the company's production capacity bottleneck and the problem of excessive production line load .

In existing sales products , The company mainly uses submersible pumps 、 Garden pump mainly , Proportion of sales volume structure 98.18%,2021 The production and sales scale of submersible pumps in increased by about... Compared with the previous year 30%. meanwhile , Some models of commercial pumps have completed sample research and development and entered the substantive sales stage ,2021 Annual sales and shipment 21.01 Ten thousand units , Complete sales 5,527.09 Ten thousand yuan , Sales of DC intelligent products 9,329.74 Ten thousand yuan .

meanwhile , The independent brand of JUNHE shares has achieved positive growth , Achieve historical sales 1,940.51 Ten thousand yuan . among , Online sales continued to show a positive trend , Achieve sales 911.77 Ten thousand yuan , Year-on-year growth 125.14%. end 2021 The company has orders in hand at the end of the year 5.00 Billion , Year on year growth 18.76%.

Besides , According to the annual report ,2021 Orders from foreign customers performed positively in . From the perspective of sales and export mode , JUNHE shares are mainly exported directly or indirectly to Europe, America and other international markets . Among them, the European market exports 6.55 Billion , Year-on-year growth 28.71%, Proportion of structure 68.51%; North American market exports 2.01 Billion , Year-on-year growth 37.65%, Proportion of structure 22.28%, Other Asian, African and Latin American markets account for a relatively small proportion , Year-on-year growth 25.47%.

It is worth noting that , The sales scale and performance level of JUNHE shares have increased steadily year by year , The company mainly sells the sales of customers and major suppliers 、 The proportion of purchase amount is relatively low , Less reliance on a single customer , The purchase amount is less dependent on the integrity of its own supply chain , The company is independent 、 Independent 、 Increased risk resistance .

Technical advantages industry-leading , The scale will continue to expand

In recent years , JUNHE adheres to the core of water pump business , In the process of cooperation with well-known foreign buyers , The company has gradually mastered the core links in the R & D and manufacturing process of new household water pumps , Launch new domestic water pump products to the market independently or in cooperation with customers every year , Continuously meet and lead market demand , Prominent industry influence .

As a national high-tech enterprise , After years of independent innovation and continuous R & D investment, JUNHE Co., Ltd , In the submersible pump 、 Garden pump and other major product fields have industry-leading technical advantages and product R & D experience . The company owns “ Provincial high-tech enterprise research and development center ”、“ Postdoctoral workstation ”, It was also rated as a patent demonstration enterprise in Zhejiang Province .

In terms of R & D investment , JUNHE Co., Ltd 2021 The annual R & D investment is 3026.61 Ten thousand yuan , The proportion of business income is 3.1%. At the same time, in terms of R & D team construction , The company actively carries out the normalization of talent introduction and training strategy for fresh college graduates , Actively introduce excellent engineers , Expand the team of R & D personnel .

at present , JUNHE Co., Ltd. passed the industry university research 、 Improve product R & D and innovation by means of doctoral research workstation , Through the development of new products lithium DC series , Function cutting pump , Permanent magnet DC series , Wireless remote 、 Carry out active layout and R & D of intelligent control, electronic induction and other products , Meet customer product performance 、 quality 、 Various requirements of cost , Increased product R & D efforts in North America and emerging markets in domestic markets , Pay special attention to the research and development of commercial pumps .

meanwhile , The company has planned and laid out the R & D center of Fenghua JUNHE intelligent park , Add chemical inspection on the basis of performance safety inspection 、 Lithium battery inspection, etc , Actively declare national level CNAS Accredited laboratories , Improve the basic R & D capability of enterprises .

After years of independent innovation and continuous R & D investment , JUNHE has accumulated a number of patents . By 2021 year 12 month 31 Japan , The company has domestic patents 176 term , Among them, invention patents 16 term 、 Utility model patent 78 term 、 Design patent 82 term ; It has various overseas patents 22 term , Among them, overseas inventions 1 term 、 Utility model patent 12 term 、 Design patent 9 term .

JUNHE shares said , The company will continue to increase R & D investment , Through the introduction of high-end talents 、 The doctoral research workstation is absorbed into the station , In product development 、 Design 、 The ability of independent innovation in testing and other aspects has been continuously improved . The company will continue to push through the old and bring forth the new , Develop domestic water pump products suitable for domestic and foreign sales , Derivative development of commercial series water pumps , Vigorously expand product categories .

The company's development strategy path is clear

meanwhile , According to the information disclosed in this annual report , Hejun also focuses on the future business plan , Form a three-level architecture , Level I JUNHE Co., Ltd., mainly engaged in R & D and sales business , Focus on business development , Product R & D innovation ; Develop independent brand strategy , Through online and offline distribution, e-commerce and other forms , Blue fin e-commerce , JUNHE Hong Kong , Supported by subsidiaries such as JUNHE America ; The secondary structure is dominated by various product production companies , Production pumps , Special tools , Cleaning equipment and other product categories , And actively expand the category of derivative products , Specifically, the subsidiary JUNHE intelligence , JUNHE bluefin , JUNHE Zhikong , Collier appliances, etc ; JUNHE Plastics Co., Ltd., a three-level industrial chain company focusing on core parts , Junlin plastics （ Motor aluminum die casting ）, Wuhu cable .

On the basis of export business, give consideration to the development of independent brands , Dual cycle development model of domestic and international business , A wide range of products household water pumps , Commercial water pumps , Clean electrical appliances , A three-level JUNHE characteristic industrial chain system of the whole industrial chain dominated by garden tools . The company is based on market demand , Customer service is the core , Drive the development of the enterprise with the craftsman spirit and innovative thinking that we have adhered to for many years , Continuously improve product quality 、 Expand product categories 、 Enhance the core competitiveness of enterprises , Enhance the brand value of the company in the field of water pump manufacturing .

The company is in 3 A monthly announcement , In order to speed up the diversified development of the company's cleaning products , Give full play to the company's capital advantages and industry advantages , Add and expand cleaning equipment category business , The company intends to use its own funds in RMB 400 Wan Yuan transferred part of the equity of Ningbo collier Electric Appliance Technology Co., Ltd. held by song Tiejun , And RMB with its own funds 1777.78 Ten thousand yuan to increase capital to collier . Before the completion of this acquisition , The company does not hold the equity of collier ; After the above capital increase and equity transfer are completed , The company holds a total of corier 70% equity .

JUNHE Co., Ltd. continues to pay attention to the integration opportunities of domestic pump industry and upper and lower industrial chains , The company will strive to expand its market share at home and abroad , Continuously meet the needs of more application fields , Build the company into a leading domestic domestic water pump enterprise , The company's acquisition of collier project has a demonstration effect in terms of Industrial Synergy of the company's development , In the future, once the replicability of this model is turned on , It is very worthy of investors' attention .