Financial Performance - The net profit for the year 2021 was RMB 6,725,014,517.95, with the net profit attributable to shareholders amounting to RMB 6,726,093,883.72[4] - Total revenue for 2021 reached RMB 13,640,466.30 million, a year-on-year increase of 32.04%[16] - Net profit attributable to shareholders was RMB 672,609.39 million, reflecting a 25.43% increase compared to the previous year[16] - Operating cash flow net amount surged to RMB 3,531,567.32 million, a significant increase of 581.61% year-on-year[16] - The company reported a total profit of RMB 748,210.23 million, a 20.15% increase year-on-year[16] - The total revenue for the company in 2021 reached RMB 136.40 billion, a 32.06% increase from RMB 103.31 billion in 2020[41] - The company reported non-recurring gains and losses totaling RMB 2.523 billion in 2021, up from RMB 1.526 billion in 2020[21] - The company achieved total revenue of RMB 136.40 billion, a year-on-year increase of 32.04%[83] - Operating profit reached RMB 6.37 billion, reflecting a year-on-year growth of 10.73%[83] - The gross profit margin for the automotive sector decreased by 1.06 percentage points to 16.13%[86] Dividends and Shareholder Returns - The company distributed a cash dividend of RMB 0.30 per share for the interim period, totaling RMB 2,771,008,419.60[4] - The proposed final cash dividend for the year 2021 is RMB 0.07 per share, amounting to RMB 646,509,998.12, which represents 50.81% of the net profit attributable to shareholders[4] - As of December 31, 2021, the company's undistributed profits amounted to RMB 41,892,707,709.74, with a proposed cash dividend of RMB 0.07 per share for the year, representing 50.81% of the net profit attributable to shareholders for 2021[143] - The total cash dividends distributed for the first half of 2021 were RMB 2,771,008,419.60, with a cash dividend per share of RMB 0.30[143] Audit and Compliance - Deloitte Touche Tohmatsu Certified Public Accountants issued a standard unqualified audit report for the company[3] - The board of directors and senior management have guaranteed the truthfulness, accuracy, and completeness of the annual report[3] - The company confirmed that there are no significant risks affecting production and operations during the reporting period[5] - The company has not violated decision-making procedures for external guarantees[5] - The company confirmed that all related party transactions were conducted under normal commercial terms and were approved by the board of directors[153] - The company has complied with relevant laws and regulations that significantly impact its operations during the reporting period[165] - The company confirmed that there were no violations of laws or regulations in its operations during 2021, and internal controls were effectively implemented[178] Research and Development - Research and development expenses rose to RMB 448,956.52 million, marking a 46.36% increase from 2020[16] - The company plans to invest approximately RMB 100 billion in research and development from 2021 to 2025, aiming to enhance its technological capabilities and global competitiveness[51] - The total R&D investment for the year was RMB 9,066,938,869.69, representing 6.65% of total revenue, with 63.95% of this amount capitalized[95] - The company applied for 3,091 patents in 2021, with 2,176 patents granted, including 332 invention patents[97] - The company has a high-level R&D team of over 15,000 people, with R&D centers in multiple countries including China, the USA, Germany, and Japan[73] Market and Sales Performance - In 2021, Great Wall Motors sold 1,280,951 vehicles, representing a year-on-year increase of 14.79%[25] - The sales volume of SUVs increased by 9.43% year-on-year, with total sales reaching 907,178 units in 2021 compared to 829,009 units in 2020[44] - The company reported a significant increase in export sales of pickups, which rose by 146.23% to 46,319 units in 2021[44] - The company achieved cumulative sales of 1.281 million vehicles, a year-on-year increase of 14.79%, with overseas sales reaching 139,900 units, up 102.98%[48] - The automotive market in China is expected to maintain stable demand, with production and sales projected to outperform 2021 due to improving chip supply and raw material prices[31] Strategic Initiatives and Future Outlook - The company aims to transform into a global intelligent technology company, focusing on electrification and intelligent technology innovation[19] - Great Wall Motors aims to achieve carbon neutrality by 2045, actively investing in hybrid, pure electric, and hydrogen energy vehicles[26] - The company plans to accelerate global development through product innovation and a new category matrix[30] - The company is focusing on smart driving, smart cockpit, and smart services to enhance its technological capabilities[27] - The company is exploring opportunities for mergers and acquisitions to strengthen its market position and diversify its portfolio[125] Governance and Management - The company has established a comprehensive governance structure to comply with both domestic and Hong Kong regulations since its listings[180] - The company established an Audit Committee to oversee financial reporting and internal controls, consisting of three independent non-executive directors and one non-executive director[166] - The company has implemented strict internal information management systems to prevent leakage of confidential information[181] - The company has taken measures to ensure the independence of its assets, personnel, and operations from its controlling shareholders[181] Employee and Executive Compensation - The company employed 77,934 employees as of December 31, 2021, up from 63,174 employees in 2020, with employee costs accounting for 9.89% of total revenue[39] - The total pre-tax remuneration for executives during the reporting period amounted to RMB 1,917.47 million[185] - The company plans to continue its strategy of maintaining a competitive salary structure to attract and retain employees[159] - The company has initiated a "Talent Strong Enterprise" strategy, covering over 50% of core employees with stock incentive plans[81]
长城汽车(02333) - 2021 Q4 - 年度财报