[年报]博实股份(002698):2021年年度报告摘要（英文版）
原标题:博实股份:2021年年度报告摘要（英文版） （Abstract） Ⅰ. Important Notes This Abstract is extracted from Annual Report 2021. In order to have a full understanding of the operating results, financial condition and future development planning of the Company, investors are suggested to read the full report carefully on the media designated by the China Securities Regulatory Commission (the “CSRC”). The Company’s 2021 Annual Report is prepared and published in Chinese version, and the English version is for reference only. Should there be any inconsistency between the Chinese version and English version, the Chinese version shall prevail. All directors attended the Board Meeting in person for reviewing of this Annual Report. Indicate by check mark if independent auditor issues non-standard unqualified opinion. □Applicable √Not applicable Indicate by check mark if there is a pre-arranged plan of profit distribution or transferring capital reserve into common stock for the report period which has been reviewed by the Board of Directors. √Applicable □Not applicable Indicate by check mark if transferring capital reserve into common stock. □Yes √No The Company’s common stock profit distribution plan approved by the Board of Directors is as follows: based on 1,022,550,000 shares issued outstanding, the company will pay a cash dividend of 2.50 Yuan (tax included) for every 10 shares to all shareholders, and 0 bonus shares, and no increase of common stock through capital reserve. Indicate by check mark if preplan for preferred stocks profit distribution to shareholders for the report period which has been reviewed and approved by the Board of Directors. □Applicable √Not applicable II. Basic Situation of the Company 1. Company Profile
Intelligent Manufacturing Equipment: “Manufacturing is the main body of the national economy, the foundation of building the country, the instrument of rejuvenating the country and the foundation of strengthening the country.” Made in China 2025 points out that China’s manufacturing industry has an obvious gap in independent innovation ability, resource utilization efficiency, industrial structure level, informatization degree, quality and efficiency, and the task of transformation, upgrading and leapfrog development is urgent and arduous. The State attaches great importance to the development of high-end equipment manufacturing industry from the strategic height, and the development of intelligent manufacturing is a strategic task of long-term persistence, which will accelerate the integrated development of the new generation of information technology and manufacturing technology and take intelligent manufacturing as the main direction of the in-depth integration of informatization and industrialization. In the face of the historic opportunities of Made in China 2025 and the urgent demand for intelligent equipment and intelligent factories in the post-pandemic era, the Company will concentrate on advantages, integrate resources, accumulate competitiveness, with rich product lines and intelligent manufacturing overall solutions, to respond and guide market demand, strive to achieve better and rapid development and bring continuous returns to shareholders. Industrial Service Rooted in the Intelligent Manufacturing Equipment： th On March 16 , 2021, the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology and the like totaling thirteen departments jointly issued the Opinions on Accelerating the High-quality Development of the Manufacturing Service Industry, pointing out, “ Improve the efficiency of the manufacturing industry, make use of new generation information technologies, such as 5G, big data, cloud computing, artificial intelligence and Blockchain, vigorously to develop intelligent manufacturing, achieve accurate and efficient matching between supply and demand and promote the fundamental reform of the manufacturing development model and the reform of enterprise forms.” Manufacturing service industry “is an important support for improving the competitiveness and comprehensive strength of manufacturing products, promoting the transformation and upgrading of manufacturing industry and high-quality development. At present, China’s manufacturing service industry supply quality is not high, the degree of specialization and socialization is not enough, the role of leading the manufacturing value chain is not obvious, and there is still a gap between the requirements of building a modern economic system and realizing high-quality economic development.” “By 2025, the role of the manufacturing service industry will be significantly enhanced in improving the quality and efficiency, innovation capacity, and efficiency of resource allocation, and play a more prominent role in supporting and leading the high-quality development of the manufacturing industry” to “realize the coupling and integration of the manufacturing industry and the manufacturing service industry”. The production and operation management service of the Company’s intelligent equipment includes integrated industrial services for equipment operation, repair, maintenance, finished products outbound & inbound, transfer, truck loading and so on. The professional work presents a trend of outsourcing. The Company takes precautions, relying on the leading technology advantage, and continues to vigorously promote the strategy of product and service integration. The professional, economic, high-quality and increased year after year. During the reporting period, the Company’s operating and after-sales industrial service revenue exceeded RMB 500 million Yuan for the first time, achieving a growth of 23.06% year-on -year. The overall revenue of industrial services accounted for nearly 30% of the Company’s total revenue. Based on the Company’s outstanding achievements in the integrated development of intelligent manufacturing equipment and industrial services, the Company was identified as “Pilot Unit of Advanced Manufacturing and Modern Service Industry” in August 2021 by the National Development and Reform Commission. The Company’s industrial services of intelligent equipment, on the one hand, will maintain a steady growth with the growth of product sales and equipment stock, on the other hand, will give a positive response to the customer’s deep service demand, the service scale is expected to continue to step up, become an important source of revenue and profit of the Company. Environmental Protection Process and Equipment: th The 14 Five-Year Plan takes “achieving new progress in ecological civilization construction” as one of the main goals, including “more reasonable allocation of energy and resources, substantial improvement in utilization efficiency, continuous reduction of the total emissions of major pollutants, and continuous improvement of the ecological environment”. Continuing to improve environmental quality and promoting the all-round green transformation of economic and social development provides important development opportunities for the field of environmental protection. Current climate change that seriously threatens human survival and development is mainly caused by carbon dioxide emissions from human activities since th the industrial revolution. At the 75 United Nations General Assembly in 2020, China announced that it will strive to achieve “Carbon Peak” by 2030 and strive to achieve “Carbon Neutrality” by 2060, in the th Government Work Report of the Fourth Session of the 13 National People’s Congress, it is clearly proposed to “Do a solid job in Carbon Peak and Carbon Neutrality”, and relevant industries are facing major opportunities. Industrial waste acid and acidic gas treatment and recycling project, implemented by Harbin Boao Environmental Technology Co., Ltd, the holding subsidiary of the Company, can collect and treat industrial waste sulfuric acid and sulfur-containing acid gases in chemical production to produce high-purity sulfuric acid for recycling production, and to recycle and reuse the heat energy released in the process to achieve energy saving, emission reduction, recycling, environmental protection and economic results, that it will strive to achieve “Carbon Peak” , “Carbon Neutrality” emission reduction targets. Overview: The Company has been cultivating in the field of intelligent equipment for a long time, and the high-end intelligent equipment with independent intellectual property rights has been continuously upgrading for Chinese Manufacturing, replacing imported equipment or being the first applications equipment to promote the technological progress of related industries. In terms of revenue composition, the Company’s intelligent manufacturing equipment and industrial services rooted in intelligent manufacturing equipment accounted for nearly 90% of the Company’s revenue. The Company’s intelligent manufacturing equipment are applied in petrochemical, chemical, grain, building materials, new energy, food, medicine, port, feed as well as intelligent manufacturing equipment and intelligent factory overall solutions. The Company’s technology and intelligent equipment are in the leading position in the application field of domestic industry, no same volume competitors; in some fields, the Company products and technology application are in the world leading level. From the perspective of industry, Made in China large-scale enterprises generally have automated production lines, but the proportion of digitalization is not high, factory data sharing is not much, and few use intelligent technology. The development of intelligent manufacturing in China still has a big gap between the United States, Japan and Germany. Under the guidance of national industrial policies, enterprises have an urgent demand for intelligent manufacturing equipment and overall solutions of intelligent factories, and the market demand presents long-term and sustainable characteristics with no obvious periodicity. ②Industry policy impact In December 2021, the Ministry of Industry and Information Technology and so on eight departments jointly th issued the 14 Five-Year Intelligent Manufacturing Development Plan, put forward the following planning th goals: in 14 Five-Year and the future for a long period, promote intelligent manufacturing based on manufacturing nature, stick to intelligent features, take the process and equipment as the core, take the data as the base, rely on manufacturing units, workshops, plants and supply chain as carrier, build virtual-real integrated, knowledge-driven, dynamic optimizing, safe and efficient, green and low carbon intelligent manufacturing system, promote manufacturing digital transformation, network collaboration and intelligent reform. By 2025, most large-scale manufacturing enterprises will realize digital networking, and backbone enterprises in key industries will initially apply intelligence; by 2035, large-scale manufacturing enterprises will fully popularize digital networking, and backbone enterprises in key industries will basically realize intelligence. In December 2021, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Science and Technology and so on 15 departments jointly issued The th 14 Five-year Robot Industry Development Plan, put forward the following planning goals: by 2025, China has become a global robot technology innovation source, high-end manufacturing cluster and new heights of integrated application. Breakthroughs have been made in the number of core robot technologies and high-end products, breakthroughs have been made in the number of core robot technologies and high-end products, the comprehensive index of the complete equipment has reached the international advanced level, and the performance and reliability of key parts have reached the international level of similar products. The operating revenue of the robot industry will grow by more than 20% annually, form a number of internationally competitive leading enterprises and a large number of specialized and special and new “Little Giants” enterprises with strong innovation ability and good growth ability, and build 3 to 5 industrial clusters with international influence. The density of manufacturing robots has doubled. By 2035, the comprehensive strength of China’s robot industry will reach the international leading level, and robots will become an important part of economic development, people’s life and social governance. th In November 2021, the Ministry of Industry and Information Technology issued the 14 Five-year Plan for Green Industrial development, put forward the following goals: by 2025, industrial structure, mode of technologies and equipment have been widely applied, the efficiency of energy and resources utilization has been greatly improved, and green manufacturing has been comprehensively improved, laying a solid foundation for reaching a Carbon Peak in the industrial sector by 2030. Carbon emission intensity will decrease continuously; Pollutant emission intensity will decrease significantly; Steady improvement in Energy efficiency will improve steadily; The utilization of resources has improved significantly; The Green Manufacturing system is improving day by day. th In November 2021, The Ministry of Industry and Information Technology issued the 14 Five-year Plan for the In-depth Integration of Informatization and Industrialization, put forward the following goals: by 2025, informatization and industrialization will realize integrated development in a wider range, deeper degree and higher level, and the penetration of the new generation of information technology into all fields of manufacturing was accelerated, the scope was significantly expanded, the degree was continuously deepened, and the quality was greatly improved. The pace of digital transformation of manufacturing was significantly accelerated, and the national integrated development index of the informatization and industrialization reached 105. New models and new business forms are widely popularized; industrial digital transformation has remarkable results; the integration support system is continuously improved; the vitality of enterprise integration development is activated fully; and the integrated ecosystem is developed prosperously. th The year 2021 is the first year of the implementation of the 14 Five-Year Plan. The Ministry of Industry and Information Technology and other Ministries and Commissions have issued important programmatic plans affecting the development of the intelligent manufacturing industry. From the above planning goals, it can be seen that the field of intelligent manufacturing equipment is facing major development opportunities. From the Company’s long-term industrial practice in the field of intelligent equipment industry, the demand for China’s manufacturing enterprises for intelligent equipment is in the ascendant, the field of intelligent manufacturing equipment will continue to flourish. (2) Company Main Businesses during the Reporting Period ①Main products, services and application level of the Company Overall Solution for Intelligent Manufacturing Equipment and Intelligent Factory Post-processing Intelligent Manufacturing Post-processing Intelligent Equipment for solid material Manufacturing Equipment for rubber It is applied in the post-processing fields for the It is intelligent equipment and intelligent plant powder, granular materials or irregular materials of overall solution, applied in production process of petrochemical, chemical, cereals, building synthetic rubber and natural rubber and in the materials, new energy, food, medicine, ports, feed, fields of product refining process, dewatering and etc. (such as crushing, screening, bagging, boxing drying process (rubber washing, cleaning and of reduced silicon rods, etc.), providing efficient impurity removal, dewatering, crushing and automatic weighing, packaging and palletizing drying, etc.) and finished product packaging intelligent manufacturing and production process (weighing, baling, detecting, conveying, equipment and overall solutions of smart factories packaging and palletizing, etc.) In the field of post-processing high-end equipment for powder and granular materials in China it has obvious advantages and a stable competitive Complete product line, covering natural rubber and position synthetic rubber In the field of post-processing high-end equipment It is the only enterprise which can provide for the irregular polysilicon materials, the original and complete large-scale systems worldwide first equipment’s application has promoted the upgrade of intelligent manufacturing in the industry Robot and Complete System Intelligent Logistics, Warehousing Equipment Systems Connecting with solid material post-processing (High temperature) Operation robot for submerged and rubber post-processing intelligent arc furnace and complete system solutions of manufacturing equipment to realize intelligent serialized intelligent products are applied for identification, outbound and inbound warehousing high-risk working environment as well as other management, logistics transshipment, Automatic special robots and complete system solutions Vehicle Loading, etc., and to help customers to which can replace high-risk, harsh working build smart factory overall solutions conditions, and heavy manual labor. Automatic Loading machine has first-mover (High temperature) Operation robot for Submerged Arc Furnace and its surrounding advantage, the market responds positively and the large-scale application has big potential. systems are in leading position worldwide in the field of clcium carbide ②Business mode Industrial Services——Operation and After-sales type Industrial Services 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 In recent years, the Company’s performance continues to grow better and faster. The main driving factors are as follows: ①Benefiting from the strong demand for intelligent manufacturing equipment from the intelligent manufacturing upgrade in China, the Company’s intelligent manufacturing equipment business continues to exert strength; ②The promotion and application of intelligent equipment for manual substitution in the field of high-risk, harsh, and heavy working conditions, represented by (high temperature) operation robot for submerged arc furnace and successful development and application of post-processing intelligent equipment for solid materials regarding polysilicon in the field of new energy enriched the Company’s product multi-category expansion field, and effectively promoted the rapid growth of the Company’s overall performance; ③The synergy between industrial services and intelligent manufacturing equipment and steady growth for service revenue improve the Company’s ability to resist risks, and enhance the Company’s overall performance; ④Since mid-2017, the energy saving, emission reduction and environmental protection business report was consolidated, bringing a very good supplement to the Company’s intelligent manufacturing equipment business. As shown in the figure below, technological innovation and new product’s development, application and expansion help to promote the continuous growth or prolong continuous growth period of the Company. The Company’s intelligent manufacturing equipment has undergone continuous technological innovation and an expansion process of continuous application of new technologies and new products. Currently, the Company has ability to provide users with overall solutions for intelligent factories in the main product application fields, which helps the Company to be in a better business competition pattern in the market, and its comprehensive competitiveness continues to increase. The Company’s future performance growth and driving factors mainly include: ① The promotion of the overall solutions of post-processing intelligent manufacturing for solid material between different customers and the replication of the growth momentum brought by different factories; ② New energy raw materials polysilicon production expansion releases the demand for post-processing intelligent equipment for irregular materials, and the Company’s vertical R&D expands in the field of new energy raw material polysilicon； ③ The application of FFS (Form-Fill-Seal) post-processing intelligent manufacturing equipment for solid materials in the field of PVC and building materials； ④ With the technology accumulation in fine chemicals industry and the acceleration of industry application and imported substitution, the demand for intelligent manufacturing equipment continues to enlarge in the field of fine chemicals; ⑤ R&D, pilot application and expansion of unmanned plant facing calcium carbide production link; ⑥R&D, application and expansion of high-temperature special operation robots (under high-risk, heavy and harsh working conditions) in the field of ferrosilicon, silicon, manganese and industrial silicon; ⑦Promotion and accelerating application of overall solutions such as intelligent warehousing, logistics and ⑧Phased implementation and continuous industrialization of overall solutions of intelligent factory； ⑨Technology development, project accumulation and industrialization application of iron and steel intelligent manufacturing solutions； ⑩The continuous growth of Industrial Services and new undertaking industrial service projects of production and operation has brought a large increase in the implementation. The mentioned above are the details of the future performance growth driving factors, please combine the “Core Competitiveness Analysis” part of this report as well as the “The Company’s Outlook for Future Development”, and other relevant contents. (3)Core Competitiveness Analysis As a technology-based enterprise, Boshi adheres to a differentiated competitive strategy of leading technology, and relies on a deep understanding of China’s automation field and practical experience in industrial applications to maintain a long-term competitive position in the field in which it is engaged. Boshi’s intelligent manufacturing equipment and industrial service businesses are effectively synergized and optimally linked, supplemented beneficially by environmental protection process equipment. The business scale is growing rapidly, the profitability continues to improve, and the comprehensive competitiveness is stable. ①Industry status The Company has a solid competitive advantage in the field of intelligent manufacturing equipment, and its main product and technology has been playing a leading role for a long time in the domestic product application field, and has been recognized by the industry. Member of China Robot TOP10 Summit National Pilot unit for National Integrated Development of Advanced Enterprise Manufacturing and Technology Center Modern service industry ②Leading competitiveness of products and technologies Innovation is the first driving force to lead the development of an enterprise and technology-leading is an important core competitiveness of the Company. The Company continuously improves its technology application level and technology reserve capacity, seizes new opportunities, and expands into new fields. Through R&D investment, technology accumulation and technological innovation, outstanding technological leadership advantage continues to enhance and be a competitive position in the industry. From the perspective of intelligent equipment product line, the Company’s intelligent equipment reaches high speed, high accuracy and stable operation, which is a replacement of imported high-end equipment, suitable for the customer production environment with high efficiency and safety production requirements. In the domestic product application field, products and technology are at the leading level. From the perspective of the overall solution of intelligent manufacturing, the Company integrates multi-category innovative products with the production scenario of manufacturing users, which can realize the overall solution of solid materials post-processing intelligent manufacturing, help users realize the digital and intelligent transformation of the factory, and realize intelligent manufacturing. In the field of sub-merged arc furnace, In view of the urgent demand of safety production and manual substitution in the calcium carbide industry, the Company has successfully developed and applied subversive (high temperature) furnace operation robot to traditional production based on industrial robot technology, In addition, calcium carbide tamping furnace robot system, furnace door automatic switch system and other peripheral systems have been developed to help users achieve manual substitution under high-risk and heavy working conditions, and accumulate technical experience for the next realization of unmanned factories in the field of sub-merged arc furnace production of calcium carbide. Currently, the Company (high In August 2021, the Company was identified by the National Development and Reform Commission as the National “Pilot Unit for Advanced Manufacturing Integrated Development and Modern Service Industry", becoming one of the few leading enterprises of “Two Industries Integration” in the country. This award is a recognition and incentive for the Company to develop the “Product and Service Integration” strategy prospectively and actively implement this strategy for a long time. During the reporting period, the Company’s industrial services achieved revenue of RMB 615 million Yuan, among which the operation and after-sales Industrial Services achieved revenue of RMB 511 million Yuan, 23.06% increase year-on-year. “Intelligent equipment”+ “industrial services” constitute a performance-driven dual engine. ④The overall solution of intelligent manufacturing accelerates the Company’s competitiveness Throughout the Company’s technology, product development and industrialization process, the Company enters new industries and new fields usually with key single unit equipment (“points”); after breakthrough in solving industry pain points, quickly form an automated production line (“line”); With the accumulation of technology and the in-depth understanding of the industry, the overall solution (“surface”) of intelligent manufacturing is completed to help users realize the upgrade to digital and intelligent factories. This process of technological progress from “point → line → surface” helps the Company to concentrate resources, reduce technology development risks, open the ceiling for industry growth, and comprehensively enhance the Company’s core competitiveness. As shown in the figure below： Single unit sales (“point”), it is inevitable to face large competition, small market space, and the project potential contract amount is limited; The complete equipment sales (“line”), the competitive environment improves, the competitive pressure decreases, the market space increases, and the potential contract amount is effectively enlarged; The overall solution of intelligent manufacturing (“surface”), limited competitors, strong competitiveness, market space and potential contract amount is expected to multiply. Legend: Schematic diagram of the competitive environment and potential market opportunities of single unit equipment, automation production line and overall solution of intelligent manufacturing ⑤Brand competitiveness The Company builds brand with quality, seeks progress with technology, and wins trust with service. Through high-quality products and efficient services, we strive to realize production automation and intelligent manufacturing for customers and achieve win-win cooperation. The Company’s brand enjoys a constant leading in popularity, high reputation and customer loyalty in the main domestic product application fields. The Company pursues excellence, leads the development of intelligent equipment in the application industry and builds up a stable, cooperative and win-win customer network for a long time. At the same time, high-quality customer resources and huge potential demand for intelligent manufacturing equipment is the source of the Company’s sustainable and rapid development. ⑥ Achievements in intellectual property, proprietary technology and software copyright During the reporting period, the Company obtained 62 patents approved by the State Intellectual Property Office, including 7 invention patent and 55 utility model patents; 8 software copyrights are approved by the National Copyright Administration. In addition to patent technology, the Company has a considerable amount of core technical know-how that exists in the form of proprietary technology by relying on confidentiality measures. The patents, proprietary technology and software copyright owned and mastered by the Company is the Company’s significant core competitiveness. ⑦Social and economic benefits The transformation of traditional industries with high technology is the responsibility and mission given to technological innovation enterprises by the era. The Company’s automatic vehicle loading machine which is widely used in the national economy field and (high temperature) operation robot for submerged arc furnace in the calcium carbide industry have transformative impact on replacing manual operations in high-risk or heavy manual working conditions to achieve safe production, improve production efficiency, improve the capacity utilization rate due to standard operations and enhance the enterprise efficiency significantly. The Company’s large-scale intelligent manufacturing equipment and intelligent factory technology can provide one-stop solution to save more resources and realize safe and efficient production for the customers, fundamentally solve the problem of structural labor gap for customers and promote the improvement of social production efficiency. The application of these high-tech products not only achieves good social benefits, but also brings considerable economic benefits to the Company at the same time. 3. Key Financial Information (1) Key accounting data and financial indicators in the past three years Unit: RMB Yuan
(2) Key accounting data by quarter Unit: RMB Yuan
Indicate by check mark if any material difference between the above financial indicators or their summations and those which have been disclosed in the Company’s Quarterly or Interim report. □Yes √No 4. Shareholders Information (1)Total number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders Unit: Share
5. Bonds Does the Company have any corporate bond that are publicly issued and listed on the stock exchange and that are not matured or not fully redeemed as of the approved issuance date of the Annual Report? □Yes √No III. Management Discussion and Analysis 1.Main Businesses Analysis (1)Overview In 2021, the market demand of the Company’s main intelligent manufacturing equipment product application field presented a thriving scene, and the market sales achieved the best performance in history. Under the industrial opportunity of the integration of national advanced manufacturing industry and modern service industry, the Company’s industrial service business has accelerated its growth. In terms of product manufacturing and delivery, the Company overcame the adverse impact of pandemic prevention and control repeatedly on product installation, delivery and revenue confirmation in the fourth quarter of 2021, and achieved high-quality growth throughout the year. During the reporting period, the Company achieved operating revenue of RMB 2.113 billion Yuan, increased 15.59% year-on-year, net profit attributable to the owner of the parent company was RMB 490 million Yuan, increased 20.96% year-on-year, weighted average return on equity (ROE) was 18.02%, the best level in recent ten years, and the competitiveness of the Company’s products and services were continuously enhanced. From the perspective of revenue composition, the Company’s revenue and contribution gross profit ratio structure of intelligent manufacturing equipment, industrial services, environmental protection process equipment are shown in the figure below. Operating Revenue Contribution Gross Profit (RMB 0.1 billion Yuan) (RMB 0.1 billion Yuan) Note: in the above figure, Contributing Gross profit= Operating revenue of corresponding business – Operating cost, the contribution （未完）  |