Tongyi Aerospace released the latest financial report. In 2021, the company achieved revenue of 104 million yuan, a year-on-year increase of 10.43%; net profit attributable to the parent was 21.9997 million yuan, a year-on-year decrease of 40.29%. In 2022Q1, the revenue was 43 million yuan, a year-on-year increase of 361.49%; the net profit attributable to the parent was 3.5904 million yuan, a year-on-year increase of 192.14%.

Product structure adjustment, the sales growth rate of polyurethane film products reached 3,174.34%: The company's main business is mainly divided into two parts: military special aviation products and new material products such as polyurethane and carbon fiber. The main products include aviation oxygen supply masks, polyurethane protective films , aircraft rubber soft fuel tanks and other military and civil rubber products. The company is a military-related enterprise and has the relevant qualifications to produce and sell military products. In 2021, the company's rubber products will generate revenue of 55.9829 million yuan (-36.86%), with a gross profit margin of 74.64% (-6.35pct); polyurethane film products will generate revenue of 43.1607 million yuan (+3,174.34%), with a gross profit margin of 31.34% (-21.61pct), The two types of products together account for more than 95% of the total revenue. In 2021, the company's annual revenue is 104 million yuan (+10.43%), the net profit attributable to the parent is 21.9997 million yuan (-40.29%), and the gross profit margin is 53.64% (-24.24pct). The rapid increase in sales of polyurethane film products is The main reason for the company's revenue growth, and the decline in performance and gross profit margin was that the sales of face mask products decreased compared with the previous period due to the delayed demand of the military, while the sales of polyurethane film products increased rapidly, and the gross profit margin of this product was relatively Therefore, the overall gross profit margin declined due to the adjustment of product structure.

The polyurethane protective film production project has been put into operation at the end of September 2021, and the coating production line project is progressing smoothly:

The company's products cover both military and civilian purposes, and gradually expand the development of polyurethane civilian products business. The "Polyurethane Protective Film Production Project" raised for investment has been put into operation at the end of September 2021. At present, it has 3 complete production lines of polyurethane protective film, and the production capacity of the original film reaches 400,000-500,000 meters per month. The company's polyurethane protective film products are widely used in the field of military aviation and civil aviation. At the same time, the domestic automobile supporting industry has a huge scale. The polyurethane protective film produced by the company can be widely used in paint surface protection, high heat insulation and protection of sunroofs, and automotive interior film. and many other fields. According to statistics from Transparency Market Research, the global TPU film market will increase from 28.68 billion yuan in 2015 to 51.69 billion yuan in 2024, maintaining rapid growth. In the future, as the company's polyurethane protective film products complete the review and certification, the business is expected to continue to expand after mass production.

In addition, according to the foreign investment announcement disclosed by the company, namely the "Technical Equipment Transformation Project for the Production Workshop of New High-Performance Film Products with an Annual Output of 5,000 Tons", the coating production line project is progressing smoothly at present, and equipment installation and commissioning have been started one after another. It is expected to be completed in the second half of 2022. Start production.

R&D capabilities and industry status build a moat, and military aviation polyurethane protective film is expected to break the foreign monopoly pattern: the company's R&D is based on independent development, combined with originality, improvement, industry-university-research, and technical cooperation between enterprises, and strives to shorten the product development cycle. The accumulation of experience has improved the ability of R&D personnel to innovate and develop independently. As a high-tech enterprise, as of the end of 2021, the company has obtained 3 invention patents and 46 utility model patents, and presided over or participated in the revision of national military standard standards including aviation oxygen supply masks, polyurethane protective films and other product specifications. In 2021, the company will invest 11.7997 million yuan in research and development, accounting for 11.34% of revenue, and the research projects are progressing steadily. The military industry has unique technical and experience barriers and qualification barriers. The company's current core military products are military aviation oxygen supply masks. At present, there are only two suppliers in the industry that supply aviation oxygen supply masks for the military, and the competition pattern is relatively concentrated.

At present, my country's military aviation polyurethane protective film mainly relies on imports, and the company currently has no direct domestic competitors in this field; the civilian field is in a state of complete open competition, with a high degree of marketization.