Financial Performance - The company's operating revenue for 2022 was ¥4,941,641,938.38, representing an increase of 18.88% compared to ¥4,156,777,896.56 in 2021[13]. - The net profit attributable to shareholders for 2022 was ¥688,396,329.57, a 41.18% increase from ¥487,614,039.82 in 2021[13]. - The net profit excluding non-recurring gains and losses for 2022 was ¥601,731,721.81, up 29.14% from ¥465,947,322.33 in 2021[13]. - The basic and diluted earnings per share for 2022 were both ¥0.52, reflecting a 30.00% increase from ¥0.40 in 2021[13]. - Total assets at the end of 2022 were ¥15,031,748,498.98, an increase of 6.04% from ¥14,175,565,532.59 at the end of 2021[13]. - The net assets attributable to shareholders at the end of 2022 were ¥11,167,571,110.56, up 5.95% from ¥10,540,299,006.28 at the end of 2021[13]. - The total profit reached CNY 79,448.77 million, an increase of 33.37% compared to the previous year[24]. - Net profit attributable to shareholders was CNY 68,839.63 million, reflecting a growth of 41.18% year-on-year[24]. - The company reported a total revenue of 10 billion RMB for the fiscal year 2022, representing a year-over-year increase of 15%[83]. - The net profit for 2022 was 1.5 billion RMB, which is a 20% increase compared to the previous year[83]. Cash Flow and Investments - The company's cash flow from operating activities for 2022 was ¥789,240,485.42, a decrease of 11.73% compared to ¥894,149,253.41 in 2021[13]. - Operating cash inflow totaled CNY 4,933,143,421.97, an increase of 10.56% year-on-year[38]. - Operating cash outflow amounted to CNY 4,143,902,936.55, reflecting a 16.14% increase year-on-year[38]. - Investment cash inflow surged to CNY 3,775,251,682.17, a staggering increase of 261,345.30% year-on-year[38]. - Net cash flow from investment activities improved by CNY 3,196,913,885.39, a 96.78% increase year-on-year[38]. - Cash and cash equivalents increased by CNY 653,917,736.72, a decline of 36.54% year-on-year[38]. - The total amount of committed investment projects is CNY 336,982.5 million, with a cumulative investment of CNY 126,303.9 million, representing 37.4% of the total commitment[53]. - The cash acquisition of assets from China Aviation Power Control Technology Co., Ltd. has been completed with a 100% investment progress, amounting to CNY 19,637.5 million[53]. Research and Development - Research and development expenses amounted to CNY 18,474.95 million, up 21.63% from the previous year[24]. - The company holds 502 valid patents, including 50 newly granted invention patents during the reporting period[22]. - The company's R&D expenses increased by 21.63% year-on-year, totaling ¥184,749,522.31, representing 3.74% of operating income[36]. - Total R&D investment in 2022 was 618.39 million yuan, with self-funded R&D accounting for 184.75 million yuan[128]. - The company applied for 154 patents in 2022, including 143 invention patents, and received 65 patent authorizations[128]. Shareholder Information - The company reported a profit distribution plan to distribute a cash dividend of 0.53 CNY per 10 shares (including tax) based on a total of 1,315,184,001 shares[2]. - The company distributed a total profit of ¥59,183,280.04 to shareholders, with a remaining undistributed profit of ¥496,471,298.78 carried over to the next year[102]. - The cash dividend policy was approved, with a distribution of ¥0.53 per 10 shares, resulting in a total cash dividend of ¥69,704,752.05, which accounts for 100% of the total profit distribution[103]. - The company's net profit for the year was ¥228,896,411.48, with a legal surplus reserve of ¥22,889,641.15 deducted, leaving a distributable profit of ¥702,478,069.11 at year-end[104]. Corporate Governance - The company has received an A-level rating for information disclosure from the Shenzhen Stock Exchange for three consecutive years, indicating strong compliance with disclosure obligations[67]. - The company has held six board meetings and reviewed 34 proposals, ensuring compliance with governance regulations and maintaining shareholder rights[66]. - The company has been recognized for its investor relations efforts, receiving awards for best practices in annual report presentations and effective communication with institutional investors[67]. - The company is committed to maintaining its governance structure in compliance with regulatory requirements[68]. - The company reported a change in senior management, with three executives resigning due to work-related reasons, including the Vice General Manager and the Chief Financial Officer[74]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[112]. - China Aviation Power Control Technology completed one environmental impact assessment project in 2022, ensuring compliance with national regulations[114]. - The total annual discharge for China Aviation Power Control Technology includes 15.39 tons of COD, 1.93 tons of ammonia nitrogen, 0.0001 tons of hexavalent chromium, and 0.002 tons of total chromium, all within regulatory limits[115]. - The noise control facilities and painting workshop exhaust treatment facilities were newly added in 2022, enhancing the environmental management capabilities of China Aviation Power Control Technology[118]. - China Aviation Honglin ensured 100% compliance in electroplating wastewater discharge after investing CNY 280,000 in online monitoring operations[122]. Market Strategy and Future Outlook - The company aims for a revenue target of 545 million yuan for the year 2023, which is an estimated value and not a commitment to investors[62]. - The company plans to enhance its core capabilities in the aviation engine control system industry, focusing on high-quality development and innovation[62]. - The company will accelerate technological self-reliance and innovation, aiming to shorten the gap with international advanced levels in key technologies[62]. - The international civil aviation market is expected to recover, leading to an increase in the quantity and value of engine control systems[61]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development and strategic initiatives[76].

Financial Performance - The company's operating revenue for 2021 was CNY 4,156,777,896.56, representing an increase of 18.25% compared to CNY 3,498,716,999.98 in 2020[12]. - The net profit attributable to shareholders of the listed company was CNY 487,614,039.82, a growth of 30.67% from CNY 367,579,088.47 in the previous year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 465,947,322.33, which is a 50.17% increase from CNY 304,787,734.87 in 2020[12]. - The net cash flow from operating activities for 2021 was ¥894,149,253.41, representing an increase of 111.49% compared to the previous year[13]. - Basic and diluted earnings per share for 2021 were both ¥0.40, a 25.00% increase from ¥0.32 in 2020[13]. - The total assets at the end of 2021 reached ¥14,175,565,532.59, marking a 53.64% increase from ¥8,827,606,580.80 in 2020[13]. - The company reported a weighted average return on equity of 6.46% for 2021, slightly up from 6.32% in 2020[13]. - The gross profit margin for the manufacturing sector was 28.24%, a decrease of 0.95% compared to the previous year[28]. - The total cost of sales was approximately ¥2.98 billion, with a year-on-year increase of 19.84%[28]. - The company's asset-liability ratio was 24.64% at the end of 2021, indicating strong solvency[122]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.45 per 10 shares, based on a total of 1,315,184,001 shares[2]. - The company distributed a cash dividend of 0.45 CNY per 10 shares, totaling 59,183,280.05 CNY to shareholders, with retained earnings of 496,471,298.77 CNY carried forward to the next year[105]. - In 2021, the company distributed a total cash dividend of 51.55 million CNY, which is 0.45 CNY per share (including tax) to all shareholders[122]. Research and Development - Research and development investment amounted to 15,189,430 CNY, up by 596,540 CNY, or 4.09% year-on-year[24]. - The company reported a total R&D expenditure of approximately ¥151.89 million, representing 3.65% of total revenue[36]. - The number of R&D personnel increased to 1,168, accounting for 16.01% of the total workforce[36]. - The company has been awarded 10 technology advancement awards at the provincial and national levels, showcasing its commitment to innovation[21]. - The company is committed to digital transformation and upgrading its production and management systems to improve operational efficiency[60]. Market Position and Strategy - The company is a leading manufacturer in the military aviation engine control system sector, focusing on independent research and development to enhance innovation capabilities[19]. - The company aims to transform its R&D and manufacturing towards a digital and intelligent development model, aligning with the new technological revolution[19]. - The company is positioned as a leading domestic enterprise in the aviation engine control system industry, with significant market potential driven by national policies supporting independent research and production[58]. - The company aims for a revenue target of 5.1 billion yuan for 2022, which is an estimated value and not a commitment to investors[60]. - The company is actively pursuing international cooperation to become a preferred supplier in the global civil aviation sector[59]. Corporate Governance - The company has established a robust internal control system to enhance operational transparency and governance[66]. - The company maintained strict compliance with information disclosure obligations, ensuring timely and accurate reporting to investors[67]. - The company has effectively managed insider information, ensuring compliance with regulations to prevent insider trading[68]. - The company has not reported any significant changes in management or board structure that could impact its strategic direction[74]. - The company has a diverse board with members ranging in age from 51 to 64, contributing to a mix of experience and perspectives[72]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, with emissions meeting regulatory standards[115]. - The company has equipped 48 environmental protection facilities, including 3 wastewater treatment facilities, all operating normally[115]. - The company has implemented measures to reduce carbon emissions and actively promoted green and low-carbon development initiatives[121]. - The company provided 9.4 million yuan in assistance funds for poverty alleviation efforts in 2021[129]. - The company achieved a 100% compliance rate for hazardous waste disposal in 2021[126]. Financial Management - The company has a professional technical staff ratio of 33%, indicating a strong talent pool for future development[22]. - The company has a structured remuneration decision-making process involving the board and compensation committee, approved by the shareholders' meeting[84]. - The company reported a total of ¥313,546.37 million in related party transactions, with actual transactions not exceeding the estimated amounts[145]. - The company has not engaged in any violations regarding external guarantees during the reporting period[135]. - The company has implemented changes in accounting policies due to the new leasing standards, which may affect financial reporting[135]. Shareholder Structure - The company has a total of 69,958 shareholders, with the largest shareholder, China Aviation Engine Corporation, holding 28.57% of shares, amounting to 375,810,362 shares[171]. - The top ten shareholders include state-owned entities, with the total shareholding of the top five shareholders exceeding 50%[172]. - The company has a diverse shareholder structure, with significant holdings from state-owned entities and investment funds[166]. - The actual controller of the company is China Aviation Engine Corporation, which was established on May 31, 2016, and is involved in the design, research, production, and sales of aviation engine products[177]. Audit and Compliance - The audit opinion issued was a standard unqualified opinion, indicating that the financial statements fairly reflect the company's financial position and operating results[185]. - The audit report emphasizes the importance of identifying risks related to fraud and errors, which could impact the financial statements and the company's ongoing viability[198]. - The company has no major shareholders with pledged shares exceeding 80% of their holdings[181]. - The company did not implement any share buyback during the reporting period[181].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,024,177,643.14, representing a 25.00% increase compared to ¥1,619,366,153.14 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥296,243,742.33, up 26.71% from ¥233,794,531.92 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥281,713,451.90, reflecting a 33.28% increase from ¥211,376,900.16 year-on-year[19]. - The net cash flow from operating activities was ¥318,627,651.38, a significant improvement of 216.46% compared to a negative cash flow of -¥273,605,096.29 in the same period last year[19]. - The basic earnings per share increased to ¥0.2586, up 26.70% from ¥0.2041 in the previous year[19]. - The total profit amounted to CNY 37,861,000, reflecting a 37.15% increase year-on-year, while net profit attributable to the parent company was CNY 29,624,000, up 26.71%[33]. - The total operating revenue for the reporting period reached ¥2,024,177,643.14, representing a 25.00% increase compared to ¥1,619,366,153.14 in the same period last year[38]. - The total profit for the first half of 2021 was ¥378,612,921.89, up from ¥276,061,137.98 in the same period of 2020, marking a 37.1% increase[125]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,962,080,375.08, a 12.85% increase from ¥8,827,606,580.80 at the end of the previous year[19]. - The total liabilities increased to CNY 3,259,338,234.34 from CNY 2,418,315,930.42, reflecting a growth of approximately 34.8%[117]. - The company's equity totaled CNY 6,702,742,140.74, up from CNY 6,409,290,650.38, indicating an increase of around 4.6%[118]. - The total owner's equity attributable to the parent company increased to CNY 6,253,049,811.08 from CNY 6,002,585,921.99, an increase of approximately 4.2%[118]. - The company's total liabilities and equity amounted to CNY 9,962,080,375.08, consistent with the total assets reported[118]. Research and Development - Research and development expenses increased by 81.87% to CNY 12,650,000, indicating a significant rise in R&D investment[34]. - Research and development expenses rose significantly to ¥126,497,185.61, up 82% from ¥69,555,379.95 in the first half of 2020[123]. - The company is facing increased research and production demands for aviation engine control system products, requiring continuous improvement in talent development and risk management[52]. - The company plans to enhance its technology innovation and R&D investment to meet higher customer standards and requirements[52]. Market Position and Strategy - The company maintains a leading position in the aviation engine control system sector, benefiting from strong partnerships with domestic and international aerospace firms[28]. - The company is focused on expanding its market presence in both military and civilian sectors, supported by national policies aimed at modernizing defense capabilities[28]. - The company has established a comprehensive R&D system that integrates design, manufacturing, verification, and technical services, enhancing its competitive edge[29]. - The company has a stable customer base, including high-credit military and aerospace clients, which supports its growth strategy[31]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with specific measures in place to manage environmental impact[61]. - China Aviation Power Control Co., Ltd. added 1 set of noise control facilities, totaling 48 environmental protection facilities, including 3 wastewater treatment facilities, 12 noise control facilities, and 33 air pollution control facilities[62]. - China Aviation Power Red Forest invested 50.82 million yuan in poverty alleviation efforts, contributing to rural revitalization and helping local farmers sell agricultural products[67]. - China Aviation Power West Control conducted quarterly monitoring of wastewater, waste gas, and noise, with soil monitoring conducted annually by third-party agencies[65]. Shareholder Information - The total number of shares outstanding is 1,145,642,349, with no new shares issued during the reporting period[97]. - The largest shareholder, China Aviation Engine Corporation Xi'an Power Control Co., Ltd., holds 21.83% of shares, totaling 250,125,630 shares[101]. - China Aviation Engine Corporation Southern Industry Co., Ltd. holds 17.39% of shares, totaling 199,200,000 shares[101]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[105]. Legal and Compliance - The semi-annual financial report has not been audited[73]. - The company has not faced any major litigation or arbitration matters during the reporting period[75]. - The company is currently involved in a lawsuit with a claim amount of CNY 303.84 million, which has not formed an estimated liability[76]. - The company has submitted a request for retrial to the Jiangsu High Court regarding a previous court decision that was not in favor of the company[78]. Cash Flow and Financing - The net cash flow from operating activities for the first half of 2021 was ¥318,627,651.38, a significant improvement compared to a net outflow of ¥273,605,096.29 in the same period of 2020[134]. - Cash inflow from financing activities amounted to ¥270,485,199.21, with cash outflow totaling ¥277,387,246.41, leading to a net cash flow from financing activities of -¥6,902,047.20[134]. - The ending balance of cash and cash equivalents as of the end of the first half of 2021 was ¥1,904,057,137.65, an increase from ¥1,810,858,553.39 at the beginning of the period[134]. - The company reported a loan from China Aviation Power Control Group totaling CNY 32.50 million at the end of the reporting period, an increase of CNY 15 million from the beginning of the year[86].

Financial Performance - The company's operating revenue for Q1 2021 was ¥919,956,822.12, representing a 29.67% increase compared to ¥709,459,132.20 in the same period last year[3] - The net profit attributable to shareholders for Q1 2021 was ¥133,477,265.35, a 45.91% increase from ¥91,479,524.33 in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥128,014,684.24, reflecting a 67.10% increase from ¥76,609,863.35 year-on-year[3] - The basic earnings per share for Q1 2021 was ¥0.1165, up 45.99% from ¥0.0798 in the same period last year[3] - The company reported a net cash flow from operating activities of -¥232,248,239.00, compared to -¥173,030,224.02 in the same period last year[3] - The company reported a total profit of CNY 172,215,701.69 for Q1 2021, compared to CNY 112,095,703.93 in Q1 2020, marking a 53.7% increase[28] - The net profit for the first quarter of 2021 was CNY 178,508,283.67, compared to CNY 93,885,052.55 in the same period last year, representing an increase of approximately 90.3%[31] - Operating income for the first quarter was CNY 178,508,283.67, up from CNY 93,885,482.55, indicating a significant growth in operational performance[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,039,440,944.12, a 2.40% increase from ¥8,827,606,580.80 at the end of the previous year[3] - The net assets attributable to shareholders at the end of the reporting period were ¥6,138,883,370.00, an increase of 2.27% from ¥6,002,585,921.99 at the end of the previous year[3] - Total liabilities included lease liabilities of CNY 4,371.02 million, reflecting the application of new leasing standards[11] - The company's total liabilities reached CNY 2,495,151,095.01, compared to CNY 2,418,315,930.42, marking an increase of around 3.19%[22] - The total liabilities rose from CNY 2,418,315,930.42 to CNY 2,480,086,608.89, indicating an increase of CNY 61,770,678.47[41] Cash Flow - The company reported cash inflow from other operating activities of CNY 19,396,695.51, down from CNY 79,206,429.51 in the previous year, indicating a decline in ancillary revenue sources[33] - Cash flow from operating activities showed a net outflow of CNY -232,248,239.00, compared to CNY -173,030,224.02 in the previous year, reflecting increased operational costs[34] - Total cash inflow from operating activities was CNY 488,948,614.54, while cash outflow was CNY 721,196,853.54, leading to a negative cash flow situation[34] - The company's cash and cash equivalents decreased to CNY 1,568,005.72 million from CNY 1,811,483.23 million, indicating a decline in liquidity[20] - The company's cash and cash equivalents decreased slightly to CNY 195,769,132.09 from CNY 198,363,854.80, a decline of about 1.50%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,659[6] - The total equity attributable to shareholders rose to CNY 6,138,883,370.00 from CNY 6,002,585,921.99, indicating an increase of approximately 2.26%[23] Government Subsidies and Other Income - The company received government subsidies amounting to ¥6,745,475.81 during the reporting period[4] - The company recorded a 57.83% decrease in other income, down to CNY 674.55 million, primarily due to reduced government subsidies received[11] Employee Compensation - The company reported a 66.45% increase in employee compensation payable, amounting to CNY 18,254.54 million, attributed to accrued salary expenses[11] - The company reported an increase in employee compensation liabilities to CNY 182,545,350.09 from CNY 109,672,766.16, a significant rise of approximately 66.24%[22] Research and Development - Research and development expenses for Q1 2021 were CNY 58,450,480.06, an increase of 15.5% from CNY 50,487,060.88 in Q1 2020[27] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[30] Investment Activities - Investment activities resulted in a net cash outflow of CNY -67,471,558.90, compared to CNY -61,149,491.00 in the previous year, highlighting ongoing investments in growth initiatives[34] - The company has ongoing projects in construction with an investment of CNY 266,077,474.88, up from CNY 218,227,456.80, reflecting an increase of about 21.93%[23] Audit and Compliance - The first quarter report has not been audited[44] - The company has made adjustments to prior comparative data due to the new leasing standards effective from 2021[44]

Financial Performance - The company's operating revenue for 2020 was approximately CNY 3.50 billion, representing a 13.14% increase compared to CNY 3.09 billion in 2019[11]. - The net profit attributable to shareholders for 2020 was approximately CNY 367.58 million, a 30.68% increase from CNY 281.28 million in 2019[11]. - Basic earnings per share for 2020 were CNY 0.3208, reflecting a 30.67% increase from CNY 0.2455 in 2019[11]. - The company's total operating revenue for Q4 2020 was ¥1,067,338,600.23, showing a significant increase compared to previous quarters[14]. - The net profit attributable to shareholders for Q2 2020 was ¥142,315,007.59, representing a strong performance in that quarter[14]. - The company reported a total revenue of 10 billion RMB for the year 2020, reflecting a year-on-year growth of 15%[129]. - The net profit attributable to shareholders was 1.5 billion RMB, representing an increase of 20% compared to the previous year[129]. - The total comprehensive income for the year 2020 was CNY 139,169,272.90, compared to CNY 86,635,026.76 in 2019, representing an increase of approximately 60.5%[184]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 65.19% to approximately CNY 405.31 million, down from CNY 1.16 billion in 2019[11]. - Cash flow from operating activities generated a net cash flow of CNY 405,310,794.15 in 2020, a significant decrease of 65.2% from CNY 1,164,397,161.49 in 2019[186]. - The total cash inflow from operating activities was CNY 3,378,769,384.42, down 12.4% from CNY 3,857,063,377.50 in the previous year[185]. - Cash outflow from operating activities totaled CNY 2,973,458,590.27, an increase of 10.4% compared to CNY 2,692,666,216.01 in 2019[186]. - The ending balance of cash and cash equivalents was CNY 1,810,858,553.39, down from CNY 1,890,594,717.33 at the end of 2019[187]. Assets and Liabilities - Total assets at the end of 2020 were approximately CNY 8.83 billion, an 11.81% increase from CNY 7.90 billion at the end of 2019[11]. - The total liabilities decreased to CNY 5,200,000,000.00 in 2020 from CNY 5,300,000,000.00 in 2019, indicating a reduction of approximately 1.9%[173]. - The company's equity increased to CNY 3,627,606,580.80 in 2020, up from CNY 2,595,392,471.80 in 2019, representing a growth of about 39.7%[171]. - The company's asset-liability ratio was 27.39% at the end of 2020, indicating a strong financial structure and debt repayment capability[87]. Research and Development - The company invested 53,074.34 million CNY in various research and development activities in 2020, focusing on core technologies for aviation engine control systems[88]. - Research and development expenses for 2020 were ¥145,928,888.64, a 7.03% increase from the previous year, with R&D personnel increasing by 2.37% to 1,296[37]. - The company holds 380 valid patents, with 326 being invention patents, accounting for 85.79% of the total[21]. Market Position and Strategy - The company is a leading player in the aviation engine control system sector, with a focus on both military and civilian markets, benefiting from national defense modernization goals[18]. - The implementation of national policies related to aviation engine development is expected to create significant market opportunities for the company's products[18]. - The company aims to enhance its international cooperation and market presence, particularly in the civil aviation sector, as the impact of the COVID-19 pandemic diminishes[57]. - The company plans to focus on the development of aviation engine control systems, with significant growth opportunities expected due to national projects and the development of domestic civil aircraft[56]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.45 per 10 shares to all shareholders[3]. - In 2020, the company distributed cash dividends of 0.45 yuan per share, totaling 51,553,905.71 yuan, which represents 14.03% of the net profit attributable to ordinary shareholders[64][65]. - The total distributable profit for the year was 458,035,913.11 CNY, with a net profit of 139,169,272.90 CNY for the year[66]. Corporate Governance and Management - The company has engaged Zhongzhun Accounting Firm for internal control audit services, with fees amounting to 350,000 CNY[74]. - The company has not experienced any significant accounting errors requiring retrospective restatement during the reporting period[72]. - The company has undergone significant management changes, including multiple resignations and appointments in 2020[126]. - The board of directors emphasized a commitment to sustainable practices, with plans to reduce carbon emissions by 20% by 2025[129]. Social Responsibility and Environmental Impact - The company invested CNY 3.41 million in the standardized treatment of waste gas, waste water, and noise pollution facilities, achieving a 100% rate of environmental hazard rectification and standardized discharge[92]. - A total of CNY 3.07 million was directly invested in poverty alleviation efforts, benefiting 3,648 registered impoverished individuals, with all targeted villages achieving poverty alleviation by the end of 2020[94]. - The company was recognized as an excellent unit for poverty alleviation efforts by the provincial government, reflecting its commitment to social responsibility[95]. Future Outlook - The revenue target for 2021 is set at 3.83 billion yuan, which is an estimated value and not a commitment to investors[58]. - The company plans to enhance its core capabilities and improve independent research and development capabilities, focusing on innovation and resource integration[58]. - The company provided guidance for 2021, projecting a revenue growth of 10-15% and a net profit increase of 15-20%[129].