无锡市沪安电线电缆有限公司介绍 英文

1CorporatePresentationMarch20212ThispresentationmaycontainstatementsregardingthebusinessofChinaHuAnCableHoldingsLtdanditssubsidiaries(the“Group〞)thatareofaforwardlookingnatureandarethereforebasedonmanagement’sassumptionsaboutfuturedevelopments.本项内容能够包含有关中国沪安电缆控股及其子公司〔集团〕未来战略和未来开展管理的想象。Suchforwardlookingstatementsaretypicallyidentifiedbywordssuchas‘believe’,‘estimate’,‘intend’,‘may’,‘expect’,and‘project’andsimilarexpressionsastheyrelatetotheGroup.Forwardlookingstatementsinvolvecertainrisksanduncertaintiesastheyrelatetofutureevents.Actualresultsmayvarymateriallyfromthosetargeted,expectedorprojectedduetovariousfactors.牵涉到集团未来的想象内容会以“以为〞“估计〞“意图〞“能够〞“希望〞或“方案〞等典型表述加以区分。因其牵涉到未来的事件，该内容将具有一定的风险性及不确定性。思索到各种要素实践结果能够与目的，料想或方案的内容大相径庭。Potentialrisksanduncertaintiesincludesuchfactorsasgeneraleconomicconditions,foreignexchangefluctuations,interestratecharges,commoditypricefluctuationsandregulatorydevelopments.SuchfactorsthatmayaffecttheGroup’sfuturefinancialresultsaredetailedinourlistingprospectus,listedinthispresentation,orinthemanagementdiscussionandanalysissectionofthecompany’sreportedresultandfilingwiththeSGX.Thereaderand/oraudiolisteneriscautionedtonotundulyrelyontheseforward-lookingstatements.Wedonotundertakeanydutytopublishanyupdateorrevisionofanyforwardlookingstatements.潜在风险和不确定性要素包括例如国际经济环境，外汇动摇，利率，物价动摇以及监管开展。这些影响集团未来财务业绩的要素将在我们的方案书，报告，管理讨论中由公司研讨部门报告并提交给SGX〔新加坡证券买卖所〕。报告读者不应过度依赖方案内容。本公司不能保证出版这些方案的更新或修正内容。CautionaryNoteonForward-LookingStatements免责声明3Content目录InvestmentMerits投资价值BusinessOverview企业概貌FinancialOverview财务情况Prospects远景PeerComparison同行比较InvestmentMerits投资价值5InvestmentMerits投资价值ChinaHuAnprovidesinvestorswithexposuretothegrowingpowerinfrastructureandrenewableenergiessectorinChina中国沪安将公布给投资人中国电力根底设备的以及新能源部门的开展情况。China’srapideconomicgrowthandincreasinginfrastructureinvestmentbythegovernmentwillunderpinrobustdemandfortheGroup’scableandwireproducts中国经济的迅猛开展和中国政府对电力根底设备的大力投资将会极大的推进对集团电缆电线产品的需求。Extensivesalesanddistributionnetworkwithover4,000customersacross24provincesandcitiesinChina拥有广泛的销售网点和销售网络，超越4000家客户横跨中国24个省市。Penetrationintothehigh-endcablesmarketsegmentwillboosttheGroup’sprofitability进入高端电缆市场将极大的促进集团利益增长LowPEcomparedtoChina-listedpeersandotherSGX-listedS-chips*跟中国同类公司以及SGX其它龙筹股相比更低的PE〔市盈率〕*CIMB-GKResearchBUSINESSOVERVIEW企业概貌7CHINAHUANCABLEisoneoftheTop10CableandWireManufacturersinChina沪安电缆是中国排名前十的电线电缆制造企业ClientelefocusedonChina’sinfrastructure,construction,transportandenergysectors,includingbellwethercompaniese.g.StateGridCorporationofChina;participationinimportantstateprojects客户主要集中于根底设备，工程制造，运输以及能源部门，包括了类似于中国国家电网公司在内的许多行业内龙头企业，参与了许多国内重要的工程Strongbrandrecognitioninmarket,backedbystrongR&D,reliableproductqualityandpossessionofwiderangeofaccreditations较强的市场品牌认知度，以科研技术为支撑，依托高质量的产品博得了广泛的信任。Basedincable/wirehubofChina,Yixing(JiangsuProvince),easyaccesstolargepoolofrawmaterials依托宜兴〔中国江苏〕电线电缆中心，较易大量贮藏原资料。Introduction企业引见8IntegratedBusinessModel整合产业链Asanintegratedcable/wiremanufacturer,ChinaHuAnisabletoachieveconsistentqualitywithlowermanufacturingcostsandhigheroverallmargins作为一家综合的电线电缆消费商，中国沪安可以以更低的本钱坚持一直如一的质量，获取更大的利润ProductionandsaleofCopperRods铜资料的消费销售ShenhuanCopper申环铜业Productionandsaleofplasticcablematerials塑料电缆原料消费销售ShenhuanManufacturing申环塑业ProductionandsaleofAluminiumRods铝资料的消费销售ShenhuanAluminium申环铝业Productionandsaleofbroadrangeofcablesandwires电线电缆的消费和销售WuxiHuAn无锡沪安Researchanddevelopmentofproducts,materials,designandtechnology进展产品，原料，等技术的研发HuAnResearchCenter沪安研讨中心9OperationsModel运营方式10ProductRange产品范围BASIC低端LowtoMid-VoltagePowerCables低压到中压电缆Powergrid,generationplants,factories,largebuildings电网，发电站，工厂，大楼AerialCables架空电缆Insulatedanduninsulated;longdistanceandhigh-voltagepowertransmission绝缘非绝缘;远间隔高压传输PlasticInsulatedWires塑料绝缘线Low-voltagepowerdistributionandelectricaldevices低压电气设备ControlCables控制电缆Low-voltagecontrolsystems低压控制系统RubberSheathInsulatedCables橡胶护套绝缘电缆Mining,shipping,movablemachinery矿用，船用，挪动，机械SpecialWires&Cables特殊电线电缆Customisedwithspecialcharacteristicsforhighlyspecialisedindustries按客户要求制造专业的特殊电缆MID-RANGE中段HIGH-END高端Ultra-HighVoltageCables超高压电缆TheGroupisdevelopingcapabilitiesinthisarea集团正努力于该领域的开发11ProductionFacilities消费配备Integratedproductionfacilities完好的消费设备Companyhasbeenconsistentlyincreasingproductioncapacityyearly公司不断地扩展产能Possessestechnologyforlarge-dimensionorultra-longproducts掌握大规格和超高压电缆产品技术Alsopossessestechnologyforhighlyspecificcustomisation同时掌握高技术特殊定制规格电缆技术12Output产量FY2006FY2007FY2008FY2009Cable电缆16,820km18,310km23,320km45,792kmWire电线39,727km32,124km55,122km52,135kmCopperRods铜--8,224t4,225tAluminiumRods铝--7,902t5,549tPlasticMaterials塑料--4,314t9,098t13ProjectTrackRecord参与工程14CustomerBase客户范围Widecustomerbaseofover4,000companiesinpowerinfrastructureandotherindustries在电力设备和相关行业拥有超越4000家的客户资源Extensivesalesnetworkacross24provincesandcitiesacrossthePRC,suchasJiangsu,Shanghai,Zhejiang,AnhuiandHubei在全国包括江苏，浙江，安徽，湖北等24个省市拥有广泛的销售网络BetweenFY2006toFY2021,over70%oftotalsalesweregeneratedfromrepeatcustomers2006到2021财年，70%的销售来自于回头客15Inadditiontotheabove,theGrouphasalsoobtainedvariousqualificationsandaccreditationswhichcertifythatitsproductsareincompliancewithrequisiteindustrystandardsforuseincertainindustries,suchaspowergeneration,powersupply,communications,ship-building,realestate,andcoalmining.Itisalsoaqualifiedsuppliertoseveralmajorcompaniesintheinfrastructuresector.此外，集团还获得了各类认证和资质，产品符合各行业的规范，例如发电，供电，电讯，造船，房地产以及煤矿。同时本公司还是一些主要根底设备部门的供应商。BrandQuality品牌资质16R&DCapabilities研发才干OurR&Ddepartmentisrecognisedbystateashigh-advancedtechnologyenterprise研讨部门被授予国家高新技术企业ConsistentlydevelopedandintroducednewproductstothemarketAbout10newproductsperyearonaveragesince2006一向以来向市场引进新产品自2006年以来每年超越10项新产品Newlydevelopedproductshavebeensuccessfullycommercialisedinvariousindustrialsectorsalternativepowergeneration,petrochemicals,shipbuilding,aviation,mining,etc新开发产品胜利的在多个行业实现商业化新能源发电，石油化工，造船，航空，矿用等。WonnumerousawardsforitsR&Dcapabilities11patents+additional12patentapplicationsacceptedforfurtherreview博得多项科研奖项11项专利以及12项专利恳求已受理Wellsupportedbygovernment,recognisedunderthe“StateTorch〞programmeandtie-upswithhigherlearninginstitutes政府大力支持，参与国家火炬方案与多家科研单位协作17Leadingintegratedcableandwiremanufacturerwithstrongbrandname(“ShenHuan〞)商标品牌〔申环〕在电缆电线行业处于领军位置Establishedcustomerbaseandwidesalesanddistributionnetwork建立了广泛的客户资源和销售网络Over4,000customersacross24provincesandcitiesinChina横跨全国24个省市超越4000家客户Extensiveaccreditationsandstrongtrackrecord多个认证资质和优秀的业绩allowstheGrouptosecuresaleswithestablishedcustomersandpenetrateintospecializedsectors保证集团获得客户资源进入特殊部门Involvementinvariousmajorprojects,eg.2021OlympicsGames参与各类主要工程，例如2021北京奥运会StrongR&Dandproductdevelopmentcapabilities强大的科研开发才干Introducedanaverageof10productsperyear平均每年引进10种新产品Growingportfolioofpatents专利产品不断增多Experiencedandcommittedmanagementteam阅历丰富稳定的管理团队SummaryofKeyStrengths总结主要优势FINANCIALOVERVIEW财务概略19RMBmillionRevenueCAGR年收益增长率20.3%NetProfitCAGR年净利润增长率42.7%GPM15.5%15.9%15.9%17.6%NPM5.8%5.7%6.7%9.7%Revenue&Profitability销售及利润率GrowthFactors增长要素-Higherproportionofhigher-margin高增长比率products产品-Rawmaterialpricecontrol原资料价钱控制Lowerfinanceexpenses低财政支出Taxincentives捐税鼓励20RevenueBreakdown销售额划分FY2021RevenuebyProduct*2021财年产品收益FY2021RevenuebyEndIndustries2021财年高端产业*PriortoFY2021,allrevenuewasderivedfromcableandwireproductsonly2021财年利润全部来自于电缆电线**Otherindustriesincludecement,electronics,machinery,andfactoriesengagedinahostofproductionactivities其它行业包括水泥，电子，机械等制造业。21(RMBmillion)Asat31Dec09Asat31Dec08CurrentAssets流动资产732.99559.23Non-CurrentAssets固定资产161.22145.29TotalAssets总资产894.21704.52CurrentLiabilities流动负债469.75482.07Non-CurrentLiabilities固定负债0.901.93TotalLiabilities总负债470.65(1)484.00TotalEquity全部股本423.56220.53BalanceSheetHighlights资产负债表NetGearing(2)

净获利比率35%114%QuickRatio速动比率120%104%CurrentRatio

流动比率156%116%Totalborrowingsasat31Dec2021approxRMB317million到2021年13月31日总贷款将近人民币317百万〔2〕Netgearingisdefinedastotalborrowingstoequity,netofcash净获利比率是总借款净资PROSPECTS远景23Electricalpowerindustryaccountsfornearly40%ofPRC’selectricalpowercablesusedinthePRC电力工业占中国电缆运用消费的40%ElectricalpowercablesarewidelyusedinvariousfieldsinthePRCandhavebeendescribedasthe“bloodvessels〞or“nervoussystem〞ofthenationaleconomy–beingthelargestsupportingindustry电力电缆被广泛运用，被称为中国经济的动脉神经，为最大的支柱产业Productshavetofulfiltechnicalrequirementsandpriceperformanceratiospecificationstosatisfytherisinglivingstandards产品满足了不断提高的技术和性能要求Electricpowercablesarewidelyappliedinvariousindustries,suchasenergy,transportation,communication,automotiveandpetrochemical.电力电缆在各行业广泛运用，如能源，运输，通讯，自动化，石油化工。The5ProductCategoriesofElectricalPowerCableIndustry5大电缆产品ElectricalPowerCables–KeytoNationalEconomicGrowth电力电缆—国家开展的关键Source:Informationextractedfromanindustryreportentitled“ElectricalPowerCableIndustry/China〞preparedbyConvergingKnowledgeIndustryOutlook行业前景24ThePRC'selectricalpowercableindustryhasgrownatanaverageannualrateofover15%inthepast15years过去15年中国电缆行业平均每年增长15%Theindustryisexpectedtogrowatarateofover10%inthenextfewyears.Itisreportedthattheaverageannualgrowthrateinthepowercablesegmentcanbeashighas15%.未来几年中估计增长率为10%。有报道称最高年增长率可达15%。15%10%Source:Informationextractedfromanindustryreportentitled“ElectricalPowerCableIndustry/China〞preparedbyConvergingKnowledgeIndustryOutlook行业前景25KeyGrowthDrivers主要增长动力ContinuedgrowthofpowerinfrastructureinChina根底设备投资的继续增长Continuedurbanisation城市化的不断推进Governmentmandateforpowercablestogoundergroundincities政府进展电力电缆埋地改造BoostfromRMB4trillionstimulusplan推进4万亿鼓励方案Increasingfocusonrenewableenergies推进新能源战略2626ExpandProductRangeAcrossMultipleIndustries产品设计多个行业IncreaseProductionOutput增长的产能GrowthStrategy增长战略PenetrateIntohigh-end

cablemarket进入高端电缆市场2627360Km300Km1newworkshopand2productionlinesforfire-resistancespecialcablesofratedvoltageof110kVand220kV一个新的消费工厂和2条消费额定电压为110kv和220kv的特殊耐火线消费线1newworkshopand2productionlinesforultra-highvoltagepowercablesofratedvoltageabove500kV一个新的消费工厂和2条消费额定电压为超越500KV的超高压电缆消费线1newproductionlineforflexiblespecialcableswithenhancedfire-resistantattribute一条加强型耐火可弯曲电缆消费线1productionlineforfire-resistantpowercableaccessories一条耐火电力电缆配件消费线600Km2,500Km1milsetsFuturePlans未来方案Expandproductioncapabilitiesinhigh-endcablemarketStrengthenR&Dcapabilities强力的研发才干Continueexpandingcapabilitiestobetteraddressneedsfromhigh-endandspecialisedsectors不断加强对高端特种电缆的研发EstimatedAnnualProductionCapacityExpandbusinessthroughM&AsorJVsinYear2021inYear202128NewProductionFacilities新消费配备Ultra-HighVoltageXLPECables超高压交联聚乙烯电缆29Full-ScreenTestingHall全屏测试厅NewProductionFacilities新消费配备3