NBYS(600366)2022-03-15 16:00Financial Performance - The company's operating revenue for 2021 was CNY 3,753,956,786.41, representing a 56.47% increase compared to CNY 2,399,107,591.66 in 2020[25] - The net profit attributable to shareholders for 2021 was CNY 518,245,359.16, a significant increase of 191.55% from CNY 177,755,555.59 in 2020[25] - The net profit after deducting non-recurring gains and losses was CNY 355,667,898.13, which is a 426.44% increase compared to CNY 67,560,745.38 in 2020[25] - The company's total assets at the end of 2021 were CNY 7,283,530,163.98, reflecting a 21.25% increase from CNY 6,007,019,067.13 at the end of 2020[25] - The net assets attributable to shareholders increased by 10.77% to CNY 4,856,346,304.11 at the end of 2021, up from CNY 4,384,201,859.94 at the end of 2020[25] - Basic earnings per share for 2021 were CNY 0.5325, a 190.67% increase from CNY 0.1832 in 2020[26] - The company's operating revenue for the reporting period reached ¥3,753,956,786.41, an increase of 56.47% compared to ¥2,399,107,591.66 in the same period last year[53] - The operating cost for the period was ¥2,782,146,260.36, reflecting a 47.14% increase from ¥1,890,804,024.67 year-on-year[53] Cash Flow and Dividends - The net cash flow from operating activities for 2021 was negative CNY 996,053,349.65, compared to negative CNY 21,128,018.96 in 2020[25] - The company plans to distribute a cash dividend of CNY 1 per 10 shares to all shareholders based on a total share base of 977,701,660 shares[7] - The company reported a net cash flow from operating activities of -¥996,053,349.65, compared to -¥21,128,018.96 in the previous year[56] Market and Sales Performance - The company's net profit attributable to shareholders increased by 191.55% year-on-year, primarily due to increased sales revenue of main products[29] - In 2021, the company achieved operating revenue of CNY 3,753.96 million, a year-on-year growth of 56.47%[43] - In the automotive sector, the company achieved sales revenue exceeding 700 million RMB, establishing itself as a mainstream supplier in the domestic and international markets[48] - In the consumer electronics sector, the company generated sales revenue over 1 billion RMB, with a 30% increase in VCM business shipment volume, capturing approximately 30% of the global market share[48] - The company reported a 35.5% year-on-year increase in rare earth permanent magnet exports, reaching 48,765.6 tons in 2021, marking a historical record[44] - The company’s sales revenue in the industrial application sector surpassed 1.5 billion RMB, benefiting from the "Electric Motor Efficiency Improvement Plan (2021-2023)"[48] Research and Development - The company applied for 11 invention patents and was granted 13 patents during the reporting period, including one in the United States[43] - Research and development expenses increased by 60.56% to ¥230,872,997.12, indicating a strong focus on innovation and technology advancement[53] - The total R&D expenditure for the period was ¥230,872,997.12, representing 6.15% of total revenue, with a year-on-year increase of 60.56%[4] - The number of R&D personnel was 398, making up 12.88% of the total workforce, indicating a strong focus on innovation[10] Strategic Initiatives - The company is focusing on product innovation and expanding market share in the automotive, consumer electronics, and industrial application sectors[43] - The company is actively implementing cost reduction and efficiency enhancement measures across all processes[43] - The company aims to increase the annual production of high-efficiency energy-saving motors to 170 million kilowatts by 2023, aligning with national energy efficiency goals[44] - The company plans to expand production capacity for rare earth permanent magnet materials to meet the growing market demand from industries such as new energy vehicles and wind power generation[86] Risks and Challenges - The company has outlined potential risks in its future development in the management discussion and analysis section of the report[9] - The company faces risks from fluctuations in rare earth material prices, which have shown a significant upward trend during the reporting period[89] - The company is exposed to export risks due to rising global trade protectionism, particularly from developed countries like the United States, although rare earth permanent magnets are not currently subject to tariffs[89] - The ongoing COVID-19 pandemic poses a risk to the company's normal operations, despite the current favorable domestic pandemic control situation[89] Corporate Governance and Management - The total number of shares held by the chairman and general manager, Zhu Xiaodong, remained unchanged at 1,620,000 shares, with a pre-tax compensation of 1.6 million CNY[99] - The total number of shares held by all directors and supervisors increased from 2,130,300 to 2,780,300 shares, reflecting a net increase of 650,000 shares[102] - The company has a stable management team with a mix of experience in various sectors, enhancing operational efficiency[102] - The company has a comprehensive remuneration assessment method based on actual profitability and individual contributions[111] - The company has undergone several board changes, including the election of new independent directors and supervisors[111] Environmental and Social Responsibility - The company invested approximately 11.69 million yuan in environmental protection, primarily for wastewater and solid waste disposal, achieving a 100% compliance rate in emissions[139] - The company has a wastewater treatment capacity of 1,000 tons per day, utilizing advanced processes for effective treatment[140] - In 2021, over 100 employees participated in voluntary blood donation, contributing a total of 82,830 milliliters, reinforcing the company's commitment to social responsibility[148]