In fact, Nanrui has always been a heavyweight player in the national grid equipment manufacturing industry. In terms of performance, in the third quarter of 2020, Xuji Electric's revenue was 6.592 billion yuan and its net profit was 565.438+0.2 billion yuan. Gao Ping Electric's revenue was 5.68 billion yuan, and its net profit was1./kloc-0.60 billion yuan. Guodian Nanrui's revenue was 2.0/kloc-0.0 billion yuan, and its net profit was 2.549 billion yuan. With such a comparison, we can understand why the State Grid should protect Nanrui.
So, what kind of company is Nanrui Group, the largest supplier of power secondary equipment in China, which is protected by the State Grid?
Nanrui Group Company (hereinafter referred to as Nanrui Group), directly under State Grid Corporation, is the largest technology, equipment and service provider in China for power system automation, water conservancy and hydropower automation and rail transit monitoring. Mainly engaged in the research and development, design, manufacture, sales, engineering services and general contracting of secondary equipment, information communication, intelligent low-voltage electrical equipment, power generation and water conservancy automation equipment, industrial automation equipment, amorphous alloy transformers and wires and cables.
Nanrui Group has 15 foreign investment companies, which are mainly distributed in cable, information and communication, software, power equipment and other industries. Among them, Guodian Nanrui is a listed platform under the Nanrui Group, accounting for 5 1.78% of the shares.
Guodian NARI Technology Co., Ltd. is a listed subsidiary of NARI Group, which was established on February 28th, 20001year and listed on Shanghai Stock Exchange on June 6th, 2003. Guodian Nanrui is the first listed company in the system of State Grid Corporation of China, and the only supplier in the field of power grid security and stability control and dispatching in China that can provide integrated overall solutions.
As an important company in the national power grid system, Nanrui has undertaken a large number of major projects in China. In terms of UHV projects, we have fully participated in the construction of UHV projects such as Jinping-Sunan, Huainan-Nanjing-Shanghai, Ximeng-Taizhou and Zhalute Banner-Qingzhou. In terms of power transmission projects, he participated in the Three Gorges Project, South-to-North Water Transfer Project, Sichuan-Tibet Networking and other major national projects; In power grid automation, Nanrui Group has put into operation more than 1 1,000 smart substations. In addition, Nanrui also undertook the construction of the fast charging interconnection network of electric vehicles between Beijing and Shanghai, Beijing, Hong Kong and Macao and the rail transit automation system in more than 30 cities in Beijing, Shanghai, Guangzhou and Shenzhen.
In foreign markets, more than 20 products of Guodian Nanrui have been exported to 1 13 countries and regions, and localized production of controlled products has been realized in Brazil and India.
1: the genealogy of Guodian Nanrui
On 20 16 12, Guodian nanrui officially launched a major asset restructuring. In 20 17, Guodian NARI acquired the equity of NARI Group, State Grid Electric Research Institute and Yunnan Nengtou's 12 company by issuing shares. With the merger of 12 subsidiary, the strength of Guodian nanrui has greatly increased. According to public information, Guodian Nanrui now has 30 foreign investment companies.
20 19 performance report shows that the top three subsidiaries with the highest net profit are: Nanjing Nanrui Jibao Electric Co., Ltd., Nanrui Information Communication Technology Co., Ltd. and Guodian Nanrui Nanjing Control System Co., Ltd., and the net profit of the three subsidiaries accounts for 60.4% of the total net profit of Guodian Nanrui, supporting half of the performance of Guodian Nanrui.
2. Performance of Guodian Nanrui
After the reorganization of 20 17, the main business of Guodian Nanrui changed from the original power grid automation, industrial control (including rail transit), power generation and new energy, energy conservation and environmental protection to power grid automation and industrial control, power automation information communication, relay protection and flexible transmission, power generation and water conservancy and environmental protection.
At this point, the business scale of Guodian Nanrui has expanded rapidly, and its core competitiveness has been significantly enhanced, which has truly stabilized its position as a leading enterprise in power secondary equipment. The mid-year report in 2020 showed that the operating income of Guodian Nanrui was 1, 2154 million yuan, up by1.1.5% year-on-year; The net profit was 65.438+37.7 million yuan, a year-on-year increase of 654.38+04.59%. Profitability is the first echelon of equipment manufacturing industry.
It can be clearly seen from the performance chart that after the reorganization, the operating income and net profit of Guodian Nanrui have doubled. In the main business, Guodian Nanrui gradually reduced the development of power generation, new energy and environmental protection businesses with poor profitability. In fact, in the performance report of 20 19, Nanjing Nanrui Solar Technology Co., Ltd., a holding subsidiary whose main business is new energy, lost 80.46 million yuan, and Beijing Guodian Futong Technology Development Co., Ltd., a wholly-owned subsidiary whose main business is power generation and environmental protection, lost 72.75 million yuan. Such a poor student may be expelled from Guodian Nanrui, which rarely loses money.
3. A big customer of Guodian Nanrui
The business model adopted by Guodian Nanrui is order-based production. Orders are mainly obtained through market bidding. After receiving the order, we will carry out engineering design according to the different needs of customers, then purchase supporting materials and equipment such as electronic and electrical equipment and electronic components, configure or develop the company's core technologies, software and hardware products with independent intellectual property rights, and then carry out system integration and sell them to customers to achieve profitability. State Grid is the biggest customer of Guodian Nanrui.
The annual report of 20 19 shows that the sales of related parties of Guodian nanrui reached 22.659 billion yuan, accounting for 70.08% of the total annual sales. The top five sales figures are as follows:
It can be said that with the State Grid paying the bill, Guodian Nanrui can basically produce and sell itself, and the market competition pressure is greatly reduced.
4. The future of Guodian Nanrui
During the Tenth Five-Year Plan period, Guodian Nanrui will focus on strengthening the research on key technologies of flexible transmission and the industrialization of key components. In addition, Guodian Nanrui will also deploy new digital infrastructure to support the development and application of new grid technology scenarios such as grid cloud, data center, 5G, smart IOT system equipment and smart energy integrated service platform, and rail transit smart traffic management system.
At the same time, under the call of the national electric energy substitution development strategy and pollution prevention task, Nanrui Group will also provide all-round services such as wind power monitoring, hydropower station control, flexible UHV technology, electric vehicle charging infrastructure, port shore power facilities, rail transit and waste heat utilization in key areas such as clean energy utilization, transportation and industrial production to promote energy transformation and development.
On April 24, 2020, State Grid proposed to fully promote the construction of new digital infrastructure, determined the strategic direction of the company to build an energy Internet enterprise, and the process of power grid informatization began to accelerate.
In 2020165438+1October 3, the 14th Five-Year Plan was put forward, which proposed to promote the energy revolution, and the proportion of new energy installed will be greatly increased. And projects such as UHV and flexible DC transmission are the key to new energy transmission.
Nanrui Group, which occupies the high ground of core technologies in the fields of power grid informatization and UHV, has a bright future with its excellent profitability, backed by the State Grid and with the help of new infrastructure.