Friendess 2021 Operating Income Will Increase By 60.02% Year-on-year

Friedness said: The main reason for the increase in revenue was the 60.02% increase in operating income, which was mainly due to the continuous growth of orders for the main medium-power laser processing control system business in this period and the large increase in the order volume of the bus system. The smart cutting head business has made breakthroughs. To. The 8.46% increase in net profit attributable to shareholders of listed companies was mainly due to the increase in operating income in the current period. Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses increased by 78.77%. On the one hand, the net profit attributable to shareholders of listed companies increased by 78.77%; Wealth management products decreased and investment income decreased, resulting in a 90.13% decrease in the amount of non-recurring gains and losses this year compared with the previous year. The 37.59% increase in net cash flow from operating activities was mainly due to the increase in net inflow caused by the increase in sales revenue in the current period. The basic earnings per share increased by 47.98%, the diluted earnings per share increased by 47.57% and the basic earnings per share after deducting non-recurring gains and losses increased by 78.62% mainly due to the increase in net profit attributable to shareholders of listed companies in the current period.

During the reporting period, benefiting from the continuous growth of domestic and foreign demand for laser cutting processing and the continuous expansion of downstream application scenarios, the company's main business continued to grow steadily. Among them, in the aspect of low and medium power, the domestic market share of the board system still ranks first; in the aspect of high power, the bus system further accelerates the pace of import substitution, and the domestic market share continues to increase. In addition, with the gradual introduction of intelligent cutting heads to the market, the product combination strategy of control system + intelligent hardware "software and hardware coordination, intelligent control" is also increasingly showing its key role. The intelligent cutting head breaks through the technical limitations of the traditional cutting head. With its seamless connection with its own system, it can realize advanced functions such as intelligent perforation and molten pool monitoring, further improve the processing performance of laser cutting equipment, optimize the processing effect, and quickly Obtained high recognition from the market.

In 2021, Frienness’ R&D investment will total 138 million, and the total R&D investment will account for 15.12% of its operating income. R&D patents include multi-Y-axis automated processing systems and control methods, metal components and splicing structures, etc. During the reporting period, the company's R&D expenses increased by 68.33% compared with the same period of the previous year, mainly due to the increase in the number of R&D personnel, the increase in the remuneration of some R&D personnel, and the fact that Frienness gave part of the equity of Shanghai Bospur Enterprise Management Center to the core employees of Bospur Automation. It is due to the amount of share-based payment that arises later.

The main products of Frienness are laser cutting servo system, board system and bus system, among which the operating income of servo system and board system increased by 36.13% and 37.66% respectively compared with the same period of last year, both achieved rapid growth, mainly due to the continuous growth of product orders The operating income of the bus system increased by 98.78% compared with the same period of last year, which was mainly due to the continuous improvement of market recognition due to the product's own performance advantages. The rapid growth of other products was mainly due to the breakthrough in the cutting head business and the continuous growth of nesting software during the reporting period.

In order to ensure the long-term, sustainable and healthy development of the company in the future, Frienness will continue to optimize internal management. In addition to continuing to promote the human resources-related modules and supply chain management-related modules that have been involved, it will also simultaneously deepen the IPD R&D management structure. By emphasizing market orientation and investment-driven, create a more scientific and standardized operation management model and business process system for enterprises from the aspects of market demand, asynchronous development, investment portfolio, matrix organization, cross-departmental team, structured process, pipeline management and measurement standards, etc. Customer demand oriented to make product investment decisions and product development decisions. In the product development process, build customer focus on quality, cost, manufacturability, availability and service, thereby reducing operating costs and increasing product value and sales.