Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[15]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase from the previous year[15]. - The company's operating revenue for 2021 was ¥708.64 million, representing a 23.83% increase compared to ¥572.27 million in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥81.69 million, a slight decrease of 0.49% from ¥82.09 million in 2020[19]. - The net cash flow from operating activities increased by 34.35% to ¥70.91 million, up from ¥52.78 million in 2020[19]. - The total assets at the end of 2021 reached ¥1.32 billion, an increase of 80.57% from ¥731.79 million at the end of 2020[19]. - The net assets attributable to shareholders increased by 140.14% to ¥977.88 million, compared to ¥407.22 million at the end of 2020[19]. - The company achieved operating revenue of CNY 708.64 million, a year-on-year increase of 23.83%, while net profit attributable to shareholders decreased by 0.49% to CNY 81.69 million[48]. - The total assets of the company reached CNY 1.32 billion, reflecting a year-on-year growth of 80.57%, and net assets attributable to shareholders increased by 140.14% to CNY 977.88 million[48]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling approximately RMB 85.3 million[5]. - The cash dividend amount for the year was 85,335,000 CNY, with a distribution of 5.00 CNY per 10 shares[157]. - The board of directors and supervisory committee have reviewed and approved the profit distribution plan, ensuring the protection of minority shareholders' rights[156]. Market Expansion and Strategy - The company has set a revenue target of RMB 1.5 billion for 2022, aiming for a growth rate of 25%[15]. - The company is expanding its market presence in Southeast Asia, with plans to establish two new distribution centers by mid-2022[15]. - A strategic acquisition of a local competitor is under consideration to enhance market share and operational capabilities[15]. - The company plans to continue its "industrial chain extension" strategy, exploring potential projects aligned with policy directions and market demands, which will become new growth points for performance[43]. - The company aims to enhance its core competitiveness by advancing research in integrated dust removal and denitrification filter materials[72]. Research and Development - The company is investing 10% of its annual revenue into R&D for innovative filtration technologies[15]. - The number of R&D personnel increased to 139 in 2021, representing a growth of 24.11% compared to 112 in 2020[73]. - The company introduced 12 master's degree graduates in 2021 to strengthen its technical talent pool and has obtained multiple patents during the reporting period[49]. - Research and development expenses increased by 26.75% to ¥25,497,491.68 compared to the previous year[68]. - The company is developing a high-temperature dust filter bag for waste incineration, aiming to improve product competitiveness and reduce the gap with international leaders in the industry[69]. Environmental Commitment - The demand for needle-punched non-woven filter materials is expected to expand significantly due to the increasing strictness of emission standards in China, with nearly 70% of steel and cement enterprises undergoing ultra-low emission transformations[31]. - The environmental protection industry is expected to reach a market value of 11 trillion yuan by 2025, up from approximately 7.5 trillion yuan in 2020[35]. - The company is committed to environmental protection and sustainable development by developing professional filtration products for wastewater treatment and dust reduction[171]. - The company has taken measures to reduce carbon emissions, including installing photovoltaic systems and energy-saving equipment[169]. Governance and Compliance - The company has established a comprehensive internal control system to ensure effective management and compliance with legal regulations[121]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards[119]. - The company is committed to maintaining transparent information disclosure, ensuring all shareholders have equal access to information[120]. - The company has a complete governance structure with no dual voting rights arrangements in place[126]. Risk Management - The management highlighted potential risks including supply chain disruptions and raw material price fluctuations, with strategies in place to mitigate these risks[5]. - The company recognizes risks related to macroeconomic fluctuations and environmental policies affecting downstream customer demand for filtration materials[109]. - The company is actively managing foreign exchange risks due to overseas sales primarily denominated in USD and EUR, implementing a risk warning and management mechanism[114]. Employee and Talent Development - The company has a total of 662 production personnel, 114 sales personnel, 139 technical personnel, 12 financial personnel, and 65 administrative personnel[152]. - The company emphasizes talent development through internal training programs and online learning platforms[155]. - The company adheres to a fixed and variable salary model, ensuring compliance with national laws for employee benefits[153]. - The company has established a complete performance evaluation system to motivate employees effectively[154]. Shareholder Relations - The company emphasizes the importance of protecting shareholder rights by adhering to various legal regulations and ensuring timely and accurate information disclosure[171]. - The company has committed to a 36-month lock-up period for shares held prior to the IPO, which will not be transferred or managed by others[176]. - The company will ensure compliance with legal obligations and accept social supervision to protect investor interests[183]. Legal and Regulatory Matters - The company has not faced any legal disputes related to unfair competition during the reporting period[187]. - The company has maintained a clean integrity status with no issues reported for itself or its controlling shareholders[198]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[168].