Antai Technology: Operating income increased by 13.27% year-on-year

On the evening of August 29, Antai Technology announced that during the reporting period, Antai Technology actively carried out work in the areas of market development, technological innovation, quality improvement and efficiency improvement, focusing on annual key tasks, achieving an increase of 13.27% in operating income.

Aetna Technologies involves the industry including:

1. Power battery industry. Hongfuyuan Technology Co., Ltd. (with a registered capital of 50 million yuan and Antai Technology accounting for 40%) is a high-tech enterprise that integrates R&D, production and sales of secondary battery materials. At present, the industry involves hydrogen storage alloys, lithium iron phosphate and the like. In-depth study of nickel-metal hydride batteries and anode materials, including the negative electrode hydrogen storage materials for nickel-hydrogen secondary batteries, cathode lithium battery materials for lithium-ion secondary batteries. And won a number of national invention patents. The company's annual production capacity of hydrogen storage alloy powder has reached more than 3,000 tons, and major domestic secondary battery industry companies have become corporate customers. Maintaining the top three positions in the production and sales of domestic hydrogen storage alloys throughout the year.

2. The industry of new materials. General business projects: new materials and products, technology development of new processes, technical services, technical consulting, technology transfer; sales of new materials, products and metal materials, machinery and equipment, electronic components and instrumentation.

3. Medical equipment . The manufacture of a class of medical devices and medical supplies.

Antai Technology explains the operation as follows:

(I) Development of major business markets

During the reporting period, Antai Tianlong's product transformation and upgrading effect was obvious. High-end medical precision composite products, high-end semiconductors, thin-film solar energy and other high value-added products grew significantly. It won the “Union Supplier” award and “China Aerospace”, the world's largest nuclear medical equipment manufacturer. Outstanding contribution supplier award"; Antai functional new customer development effect is obvious, aircraft mother alloy product technology has made breakthroughs, reached the level of international peers, met the high quality requirements of customers, and responded well in the market; Antai River Metallurgical Production Total The growth rate was 14.8%, and continued to maintain good operating cash flow; Antai Superhard accelerated product structure adjustment, and the new product market development efforts were further strengthened, and sales of special sales products increased by 29.6%. During the reporting period, Antai Technology actively responded to the industry impact of the US “337 investigation” case on the domestic amorphous industry while doing market development and new customer development. Antai Technology has formulated a fruitful response strategy and carried out a lot of nuanced work. It succeeded in forcing the plaintiff to unconditionally withdraw the lawsuit at the stage of evidence discovery, and finally won the case in this case.

(II) Development of technological innovation and integration

During the reporting period, Antai Technology actively participated in the implementation of national key research and development plans, national new materials major projects and guidelines, and actively arranged around powder metallurgy, functional materials and other related fields, and multi-faceted and multi-field docking of national major projects. 8 projects were declared and demonstrated, and 1 project was approved; 7 projects of scientific and technological achievements at all levels were declared, and 7 government scientific research projects were accepted. Antai Technology continues to promote technology upgrades and product structure adjustments, organizes the development of 42 new product development plans and organizes implementation, and promotes 12 new projects such as “Tb-diffused NdFeB permanent magnets” and “High-power high-frequency special filters”. Products enter the market. During the reporting period, Antai Technology continued to promote the integration of the two industries, implemented more than 40 projects of integration of two technologies, combed key process equipment, and established a numerical control rate file for key process equipment. The overall CNC process rate of Antai Technology reached 46%. . Antai Environment and Antai Superhard were selected by the Beijing Economic and Information Commission as “Beijing 2018 City-level Two-in-One Integrated Management System Pilot Enterprise”.

(3) Quality improvement and efficiency and management of the two golds

During the reporting period, Antai Technology continued to strengthen the improvement of “diseases” in its business operations, but the basic management remained weak and could not be matched in the market-oriented requirements of “high performance, high efficiency, low cost and low price”; Antai Technology Business The development is seriously unbalanced, and the “two golds” of the stale and sleepy enterprises are occupied. The idle fixed assets remain high, the quality and efficiency are improved, and the management of the two golds is not optimistic. During the reporting period, Antai Technology clearly changed the way of two gold management and control into “combining up and down, focusing on the following, setting policies and controlling the scale”, implementing the responsibility for payment through system design, strengthening customer reputation risk assessment, and establishing customers. Credit risk assessment system to strengthen the rectification output of the problem. Although Aetna Technology has taken a number of measures to strengthen the management of the two funds, and at the same time further strengthen the planned management of funds, adhere to the principle of gradual balance of receivables and payable turnover, balance and coordinate the balance of funds, and improve the net cash flow of Antai Technology's operations. However, the scale of the “two golds” is still at a record high.

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