Wuyang Parking released its 2021 semi annual report, with revenue increasing by 8.51% year-on-year

On August 27th, Wuyang Parking (300420) released its 2021 semi annual report. The company achieved a total operating revenue of 706 million yuan in the first half of the year, a year-on-year increase of 8.51%; The net profit attributable to the shareholders of the parent company was 67.3961 million yuan, a year-on-year decrease of 26.11%.

There were no significant changes in the main business during the reporting period. Manufacturing companies mainly obtain orders through customized sales, generally adopting a business model of "design production sales after-sales". They design based on market demand trends and customer order requirements, organize production and installation after customer approval, and continue to provide after-sales services; The operation end company mainly relies on the dual advantages of equipment manufacturing and capital, obtains parking resources through equity mergers and joint ventures, and achieves professional operation management through operation platforms.

Intelligent mechanical parking service

During the reporting period, the sales of the company's mechanical three-dimensional parking equipment maintained a good momentum. By integrating the production processes of Weichuang and Tianchen, the four major production bases have been gradually put into use, and specialized division of labor and modular response have been carried out in the production areas, effectively shortening the production and delivery cycle, improving asset turnover, and ensuring sustained growth in sales scale and performance. At the same time, in terms of maintenance business, relying on its prominent industry position and brand effect, through further business integration, optimizing personnel configuration, improving after-sales service system, gradually forming a national network layout. Continue to maintain a leading advantage in the three-dimensional parking equipment industry. During the reporting period, the business of mechanical three-dimensional parking equipment achieved a revenue of 440 million yuan.

  Parking investment and operation sector

 Following the successful acquisition of Chang'an Parking Investment Management (Shanghai) Co., Ltd. and Maibo Parking Management (Shanghai) Co., Ltd. Through resource integration, a new parking investment and operation machine sector is formed, forming a dual wheel drive with the intelligent manufacturing sector, forming a synergistic effect within the company, and building the company's "investment, construction, manufacturing, and operation" ecosystem. The categories of parking assets managed by the parking investment and operation sector include commercial complexes, office buildings, transportation hubs, hospitals, urban roadside parking, parks and scenic spots, etc. The business scope is mainly concentrated in cities such as Shanghai, Beijing, Tianjin, Jiangxi, Kunming, and Chongqing. The company accelerates market layout, promotes business growth, and contributes to the company's profit and benefits through various business models such as equity mergers and acquisitions, asset acquisitions, and BOT, as well as a professional asset operation and management team, advanced operation and management tools, and intelligent management platforms. During the reporting period, the revenue of the parking lot operation sector was 36.1192 million yuan.