WXYB Metal Matrix Composite Technology Group was established in 1988. The company covers an area of 300,000 square meters, has more than 850 employees, total assets of 2.8 billion yuan, and an annual output value of 2 billion yuan.
The company focuses on the comprehensive R&D and production of new materials and technologies such as aluminum alloy composite materials and multi-metal composite materials, and is transforming and upgrading to a lightweight material solution provider. It has built 200,000 tons of aluminum alloy composite materials and more Metal composite material production base. The brazed aluminum alloy composite materials produced are fully used in automobile heat exchange, household air-conditioning, rail transit, aerospace, power station air cooling and other fields. Through the establishment of cooperation with international first-line host manufacturers, they jointly serve Tesla, BMW, Mercedes-Benz, China Car, Caterpillar, GM and other brands.
In fiscal year 2019, WXYB achieved operating income of 2.025 billion yuan, an increase of 4.9% year-on-year, and the annual comprehensive gross profit rate was 9.82%, an increase of 2.6 percentage points year-on-year. The net profit attributable to the parent for the year was 16.5716 million yuan, turning losses into profits. Among the main businesses, the aluminum-based composite material series products achieved revenue of 1.648 billion yuan, a year-on-year increase of 14%, the polymetallic composite material series products achieved revenue of 107 million yuan, a year-on-year increase of 9%, and the equipment manufacturing business achieved consolidated revenue of 139 million yuan. , An increase of 25.06% year-on-year.
For the series of aluminum-based composite materials, the operating income in 2019 during the reporting period was 1.749 billion yuan, accounting for 91.68% of the operating proportion, and Yinbang's main operating income source. The proportion of product sales in major product applications such as automobiles and construction machinery has increased significantly. Yinbang's customer structure has been further improved, and the expansion of international major customers such as Denso, Hanon, Titan, Marelli, etc. have all gained breakthrough.
The operating income of the company's related products in the field of new energy vehicles was 128.9023 million yuan, a year-on-year increase of 34.23%, accounting for 6.37% of the company's annual revenue.
As the global policy on new energy vehicles continues to increase, the company's operating income in the field of new energy vehicles will maintain rapid growth in the next few years. It is expected that the proportion of new energy vehicle business in the company's operating income will increase to more than 20%.