Antai Technology Co., Ltd. 2012 Annual Report Summary

Stock code: 000969 Stock abbreviation: Antai Technology Announcement No.: 2013-008

Antai Technology Co., Ltd.

Summary of the 2012 annual report

1, important tips

The summary of this annual report comes from the full text of the annual report. Investors should read the full text of the annual report published on the website of the Shenzhen Stock Exchange and other websites of the China Securities Regulatory Commission.

Company Profile

2. Major financial data and shareholder changes

(1) Main financial data

Whether the company retroactively adjusts or restates previous accounting data due to changes in accounting policies and correction of accounting errors

(2) Top 10 shareholders' shareholdings

(3) Disclose the property rights and control relationship between the company and the actual controller in block diagram form

3. Management discussion and analysis

In 2012, the global economy was sluggish, the deep-seated impact of the international financial crisis continued to show, market demand continued to decline, and rigid costs continued to rise. The overall industrial manufacturing industry faced a situation of rising costs, tight capital, insufficient demand, and declining efficiency. The downstream industries such as equipment manufacturing, non-ferrous metals, metallurgy, machinery, building materials, shipbuilding, and new energy, which are involved in the company's main products, have been sluggish overall, and customer orders have fallen sharply. The difficult situation has never been seen before. At the same time, after years of rapid growth, the company has more investment projects and increased capital occupation. The resulting depreciation and amortization and debt interest have increased significantly, which has brought greater pressure on the current operation. Due to the adverse effects of the domestic and international economic situation and the internal business pressures of the company, as well as the continued sluggish market demand, the business operations of the company's business areas have been affected to varying degrees, contract orders have declined significantly, and profitability has declined. However, under such an unfavorable market situation, the company is actively facing and tackling difficulties, in order to maintain the overall market share of all major businesses, and fully utilize the opportunities of industry reshuffle to actively research new products, layout new businesses, and seize the commanding heights of the business. We have maintained the basic stability of the company's various operations, laying the foundation for the next step of development and accumulating energy. During the reporting period, the company realized operating income of RMB 3,878.7 million and realized operating profit of RMB 95,225,300. The net profit attributable to owners of the parent company was RMB 75,943,300, which was 15.71%, 78.08% and 76.00% lower than that of 2011 respectively.

During the reporting period, in the face of the severe economic situation at home and abroad, the company actively responded, analyzed problems, researched countermeasures, and took measures to externally strive to consolidate the original market, explore emerging markets, increase market share, and conduct internal management and other special projects. Activities, improve operational quality, reduce operating costs, improve profitability, and comprehensively enhance the company's core competitiveness. In the field of functional materials business, the company gives full play to the synergy of the large business divisions, continuously improves its basic management level by means of customer certification, and avoids the fluctuation risk of Raw Material prices through accurate pre-judgment of the situation, actively explores domestic and foreign markets, and drives the market. Drive the overall industrial upgrading, and maintain stable growth in efficiency in a difficult market environment. In the field of refractory materials, the company is facing the unfavorable situation of the decline in demand for nuclear energy and new energy markets, giving full play to the characteristics of many types of products and wide target markets, and adjusting business resources to highlight hot isostatic pressing, special materials for tungsten and molybdenum and target products. Products such as contract amounts and sales revenues continue to grow. In the welding materials business, due to the adverse impact of the decline in the shipbuilding industry, the demand for marine flux cored wire and common structural steel welding materials has dropped significantly. The company has accelerated the adjustment of product structure and product upgrades, and actively explored the marine engineering market and nuclear power and energy equipment. In the manufacturing field, it has become the largest supplier of special welding consumables in the domestic petrochemical industry. In the field of high-speed tool materials business, the holding subsidiary Heye Technology faces the difficult situation of the loss of metallurgical industry and the slowdown of demand in the downstream machinery manufacturing industry, overcoming the unfavorable factors brought about by market changes and the transformation of the new district, and striving to stabilize large customers. At the same time, actively explore the European and American markets, laying the foundation for market expansion. In the field of super-hard materials, due to insufficient demand in the European and American markets, the company has accelerated the technological innovation of high-end products internally, and has concentrated on cultivating high-end overseas customers and expanding the domestic market. In 2012, the global PV industry development was at a low point. The German Odersun AG company, which was a shareholder of the company, was in the process of bankruptcy liquidation due to the break of the capital chain. The company has disclosed the information to the capital market in a timely manner, and at the end of the year, the investment was fully reduced. Value preparation.

During the reporting period, the company's project construction and industrial integration made progress in stages, laying the foundation for the realization of the “Twelfth Five-Year Plan”. The four major investment projects initiated by the company in the first phase of the “Twelfth Five-Year Plan” will have a total investment of more than 850 million yuan, which is of great significance to the long-term development of the company. These projects have been strongly supported by the national and local governments. Following the inclusion of the “High Performance Nanocrystalline Ultra-thin Ribbon and Product Industrialization Project” in the National Major Achievements Industrialization Project, the “LED Supporting Diffuser Material Industrialization Project” was included in the national industry. The special project of revitalization and technological transformation, “high-end powder metallurgy products industrialization project” was included in the transformation and industrialization project of major scientific and technological achievements in Haidian District, Beijing. The above three projects have completed the structural closure of the plant and part of the secondary structure project. The public and auxiliary equipment has been installed, and some of the process equipment has been put into use first. The “High Performance Special Welding Materials Industrialization Project” has completed the construction of the first phase of the warehouse, the second phase of the plant, the office R&D building completed the foundation and part of the steel structure project, and some equipment completed the order. In order to facilitate the industrial layout and development in Tianjin, the company purchased 210 mu of land in Tianjin Wuqing Development Zone, and set up Tianjin Branch as the management extension platform and convenient service window headquartered in Tianjin, and assumed the functions of regional management and project construction. .

During the reporting period, the company focused on the main business, actively sought target companies, and promoted capital joint venture cooperation. Among them, in order to open up the upstream and downstream industrial chain of the amorphous industry, based on the principle of “complementary advantages, mutual benefit and win-win”, the company and the State Grid Electric Power Research Institute jointly invested 1.3 billion yuan to establish Antai Nanrui Amorphous Technology Co., Ltd. Through cooperation, the two companies will further accelerate the formation of independent intellectual property rights and core proprietary technologies for products such as amorphous ribbons for power generation, establish an industrial chain of amorphous business, and build an energy-saving and environmentally-friendly new energy materials industry base. This will be of great significance to promote the market application of amorphous energy-saving materials and to break the long-term monopoly of developed countries. The holding subsidiary, Heye Technology, invested 72.287 million yuan to complete the acquisition of the controlling share of Ehrmann Alloy Materials (Tianjin) Co., Ltd., and rapidly improved the small-scale high-speed steel wire preparation technology, further enriching and optimizing the structure of high-speed steel products. In order to quickly seize the high-tech commanding heights and make forward-looking layouts in the field of new energy, the company invested RMB 3.25 million with the Chinese Academy of Sciences Plasma to jointly establish Beijing Antai Zhongke Metal Materials Co., Ltd. (Aetna Technology holds 65%) to play their respective materials in metal materials. Advantages in the field of preparation and nuclear fusion, and jointly facing the potential market of the future nuclear fusion industry.

During the reporting period, the company implemented the spirit of the “Twelfth Five-Year” technology innovation plan and the company's fifth technical innovation conference, focusing on strengthening technological innovation management, improving technological innovation capabilities, and improving the construction of technological innovation systems under the framework of nationally recognized enterprise technology centers. R&D project management, intellectual property management, scientific and technological resource management, research and development and innovation have taken a new step. The company organized and implemented 118 technological innovation projects including “New Generation of Amorphous Strip Integration Technology Development and Demonstration Line Construction” and “Sintered NdFeB Magnet Percolation Industrialization Technology Development”; 11 scientific research projects such as anti-counterfeit label anti-electromagnetic interference materials and application research were approved by the Ministry of Science and Technology and the Beijing Municipal Science and Technology Commission; 18 major government science and technology projects such as “development of key preparation technologies for industrialization of sintered NdFeB magnets for wind power motors” It has successfully passed the acceptance of relevant ministries and commissions, and 12 technical innovation projects such as “Verification of high-purity tungsten powder preparation technology for large-scale integrated circuits” have also been completed. At the same time, the seven technical transformation projects initiated by the company have been completed and accepted, effectively improving the company's product grade and equipment automation level. The "medical tungsten alloy industrial preparation technology and products" developed by the company won the third prize of metallurgical science and technology award and Beijing Science and Technology Award; S-Zorb high-precision metal filter product won the second prize of Sinopec Science and Technology Award; Domestically produced iron-based amorphous ribbons, diamond frame saw blades and other products have been identified as national key new products by the Ministry of Science and Technology. The company has developed more than 120 new products throughout the year, some of which are used in a number of national government major science and technology projects such as “Shenzhou 9” to contribute to the company's sales revenue and national development. The “National Amorphous Energy-Saving Materials Industry Technology Innovation Strategic Alliance” applied by the company as the lead unit and other 34 leading enterprises, scientific research institutions, well-known universities and financial institutions related to the amorphous industry in the United Nations was approved by the Ministry of Science and Technology; The Beijing Key Laboratory of Nano Energy Materials and the Beijing Special Powder Metallurgy Materials Engineering Technology Research Center were recognized by the Beijing Municipal Science and Technology Commission; the company was awarded the “Advanced Metal Materials Beijing International Science and Technology Cooperation Base” by the Beijing Municipal Science and Technology Commission. The company applied for 57 patents throughout the year, obtained 40 patents, and submitted 1 international patent application, and submitted 40 corporate standards.

During the reporting period, the company comprehensively carried out management improvement activities, combined with its own characteristics, concentrated on comprehensively improving the overall management level, consolidating the development foundation, and formulating the evaluation and improvement including the construction of the information system, the internal control system, and the cost reduction and efficiency enhancement. The special management improvement model of “14+X” has been organized and implemented within the company and has been solidly promoted. At present, it has made progress in stages and the effect is obvious. Established an informatization promotion project leading group and working group, officially launched the informationization promotion work, and comprehensively improved the company's information management level. Establish an internal control evaluation mechanism, carry out annual self-evaluation of internal control, and arrange and rectify the defects discovered. The special activities of cost reduction and efficiency enhancement were carried out, and detailed measures and implementation plans were formulated by the headquarters and various business units. The first legal work meeting was held to establish the legal work objectives and requirements for the next three years. Held a human resources and international business work conference, and launched the “Nine-level Engineer Appointment System” and “Eight-level Job Appointment System” to establish a career development channel for the development of R&D talents and skilled talents. In order to further optimize the talent structure, 33 new graduates with master's degree or above joined the company. Successfully hosted a national advanced research course on new energy materials and applied technologies for professional and technical personnel knowledge renewal, invited many academicians and well-known experts to teach, set up a high-end technical exchange platform, and actively promoted the knowledge update of professional and technical personnel in the field of new energy materials in China. The driving force. With the management theme of “scientific development and safe development”, the company organized safety production standardization activities and achieved safety throughout the year “no major production safety accidents, no major traffic safety accidents, no major fire accidents, no major social security incidents”. aims.

During the reporting period, the company's party committees closely focused on the work of the center, exerted political advantages, conducted in-depth competitions for excellence, and studied and implemented the spirit of the party's 18th National Congress. In the celebration of the 60th anniversary of the group company, the company continued to use culture to unite strength, boost morale, and enrich employees' lives and display corporate image with culture, and achieved remarkable results. The company was once again selected as the "Capital Spiritual Civilization Unit" and won the "Top 100 Outstanding Contribution Award of Zhongguancun High-growth Enterprise". The Party Branch of the Refractory Materials Branch won the honorary title of "National First Priority Competition into the Grassroots Party Organization"; Gloriously elected as the representative of the 18th National Congress of the Communist Party of China; Deputy Chief Engineer Lu Zhichao was awarded the title of “National Excellent Scientific and Technological Worker”.

4. Matters related to financial reporting

(1) Description of the changes in the scope of the consolidated statement compared with the financial report of the previous year

1. In the current period, the Company invested in the net assets of the Amorphous Power Materials Branch and established a joint venture with the State Grid Electric Power Research Institute to establish Antai Nanrui Amorphous Technology Co., Ltd., holding 51% of the shares.

2. In the current period, the Company invested a joint venture with Hefei Keju High-Tech Co., Ltd. and natural person Luo Guangnan to establish Antai Zhongke Metal Materials Co., Ltd., holding 65% of the shares.

3. In the current period, Heye Technology Co., Ltd., a subsidiary of the Company, acquired Eichmann Alloy Materials (Tianjin) Co., Ltd. [currently changed to Heye Emanmann Alloy Materials (Tianjin) Co., Ltd.] Its 51% stake.

4. In the current period, the company will sell the entire equity of Beijing Antai Steel Research Pressure Vessel Inspection Technology Co., Ltd., which holds 80% of the shares, and will not be included in the scope of consolidation.

Stock short name

Antai Technology

Stock code

000969

Stock exchange

Shenzhen Stock Exchange

Contact and contact information

Secretary of the board

Securities Affairs Representative

Name

Zhang Jinhua

Yang Chunjie

phone

86-10-62188403

86-10-62188403

fax

86-10-62182695

86-10-62182695

email





2012

year 2011

Increase or decrease this year (%)

year 2010

Operating income (yuan)

3,818,705,044.44

4,530,698,533.80

-15.71%

3,524,673,682.25

Net profit attributable to shareholders of listed companies (yuan)

75,494,341.52

314,539,645.45

-76%

219,240,807.56

Net profit attributable to shareholders of a listed company after deducting non-recurring gains and losses (yuan)

82,787,527.14

294,204,121.21

-71.86%

218,720,744.11

Net cash flow from operating activities (yuan)

584,510,361.81

137,518,659.03

325.04%

143,241,161.98

Basic earnings per share (yuan/share)

0.0876

0.3671

-76.14%

0.2639

Diluted earnings per share (yuan/share)

0.0876

0.3654

-76.03%

0.2615

Weighted average return on equity (%)

2.28%

9.97%

-7.69%

8.14%

End of 2012

End of 2011

Increase or decrease at the end of the year compared to the end of the previous year (%)

End of 2010

Total assets (yuan)

7,612,265,850.27

6,922,253,088.31

9.97%

5,398,020,184.07

Net assets attributable to shareholders of listed companies (yuan)

3,318,240,985.67

3,298,775,048.99

0.59%

3,047,963,368.89

Total shareholders during the reporting period

90,191

The total number of shareholders at the end of the fifth trading day before the disclosure of the annual report

90,227

Top 10 shareholders' shareholdings

Shareholder name

Shareholder nature

Shareholding ratio (%)

Number of shares held

Number of shares holding restricted sales conditions

Pledge or freeze

Stock status

Quantity

China Steel Research Technology Group Co., Ltd.

State-owned legal person

40.78%

351,886,920

0

China Life Insurance Co., Ltd.-Traditional-General Insurance Products-005L-CT001 Deep

Non-state legal person in China

1.26%

10,877,537

0

Bank of China - Yi Fangda Shenzhen Securities 100 Trading Open Index Securities Investment Fund

Non-state legal person in China

0.99%

8,579,190

0

China People's Property Insurance Co., Ltd. - Traditional - General Insurance Products

Non-state legal person in China

0.97%

8,389,083

0

China Life Insurance Co., Ltd. - Dividend - Personal Dividend - 005L-FH002 Deep

Non-state legal person in China

0.81%

6,955,637

0

Industrial and Commercial Bank of China - Rongtong Shenzhen 100 Index Securities Investment Fund

Non-state legal person in China

0.7%

6,007,804

0

China Minsheng Bank-Yinhua Shenzhen 100 Index Classified Securities Investment Fund

Non-state legal person in China

0.67%

5,764,654

0

China Shipping Trust Co., Ltd. - Pujiang Star No. 8 Collective Fund Trust Plan Phase II

Non-state legal person in China

0.52%

4,515,389

0

China Merchants Securities Co., Ltd. Customer Credit Transaction Guaranteed Securities Account

Non-state legal person in China

0.5%

4,325,998

0

Bank of China - Harvest Shishen 300 Trading Open Index Securities Investment Fund

Non-state legal person in China

0.48%

4,102,469

0

Description of the above-mentioned shareholder relationship or concerted action

Among the above shareholders, China Steel Research Institute Group Co., Ltd. has no relationship or concerted action with other shareholders; the relationship between other shareholders or the concerted action is unknown.

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