Financial Performance - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-on-year growth of 15%[15]. - The net profit attributable to shareholders for 2021 was 150 million RMB, an increase of 10% compared to the previous year[15]. - The company's operating revenue for 2021 was ¥1,310,016,883.16, representing a 5.56% increase compared to ¥1,241,009,626.99 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥114,085,702.46, a decrease of 41.33% from ¥194,462,349.65 in 2020[21]. - The net cash flow from operating activities for 2021 was ¥19,272,907.30, down 89.49% from ¥183,328,991.87 in 2020[21]. - The company’s sales revenue for pet hygiene products from 2019 to 2021 was CNY 931.62 million, CNY 1.08 billion, and CNY 1.24 billion respectively[55]. - The core business of pet disposable hygiene products generated revenue of CNY 1,242,287,461.51, with a year-on-year increase of 14.50%[66]. - The gross profit margin for pet disposable hygiene products was 17.04%, down 5.88% from the previous year[68]. - The company’s overseas revenue accounted for 94.84% of total revenue, with a year-on-year growth of 13.87%[66]. - The company reported a total revenue of 304.21 million for the year 2021[170]. Market Expansion and Strategy - The company aims to expand its market presence by increasing its distribution channels by 20% in 2022[15]. - The company plans to explore potential mergers and acquisitions to enhance its market competitiveness in the next fiscal year[15]. - The company is focusing on expanding its market presence and product offerings in the rapidly growing pet industry, particularly in China[35]. - The company has established its own brands, Le Shi Pet and Hushpet, to expand its market presence[112]. - The company plans to continue expanding its market presence and is actively pursuing new product development initiatives[175]. - The company aims to enhance its production capacity and product supply assurance in 2022, focusing on revenue growth[114]. Research and Development - Research and development expenses accounted for 5% of total revenue, reflecting the company's commitment to innovation[15]. - The company has developed over 1,000 specialized and functional pet hygiene products, enhancing its product application system[56]. - The company’s R&D investment amounted to ¥8,983,590.99 in 2021, an increase of 7.05% compared to ¥8,392,061.33 in 2020, representing 0.69% of operating revenue[79]. - The number of R&D personnel increased by 4.00% to 52, with R&D staff representing 3.62% of the total workforce[78]. - The company is developing biodegradable pet hygiene products to meet consumer demand for environmentally friendly options[78]. Production and Operations - The company produced 31.51 billion pieces of pet disposable hygiene products, an increase of 15.29% year-on-year[69]. - The production volume of non-woven fabric was 17,632.46 tons, reflecting a 3.07% increase compared to the previous year[69]. - The company has improved production capacity for pet pads, pet diapers, and non-woven fabrics, enhancing supply assurance and increasing revenue scale and profitability[115]. - In 2022, the company aims to optimize production efficiency through the implementation of intelligent equipment at the new Hebei facility, significantly increasing output and market share[115]. Financial Management and Investments - The company has established a foreign exchange hedging management system to mitigate risks associated with currency fluctuations[100]. - The total amount of funds raised in 2021 was CNY 974.55 million, with CNY 603.19 million utilized by the end of the reporting period[100]. - The company has committed to invest CNY 386.11 million in hygiene materials and disposable products, with 61.31% of the investment completed by the reporting period[103]. - The company reported a cash management income of CNY 912,876.71 from the raised funds[100]. - The company has allocated CNY 40 million to temporarily supplement working capital from the raised funds[100]. Corporate Governance - The board of directors consists of 11 members, with 4 independent directors, accounting for over one-third of the total[130]. - The company has established a comprehensive internal audit system, with the internal audit department reporting directly to the board's audit committee[135]. - The company maintains complete independence from its controlling shareholders in terms of business, personnel, assets, and finance[137]. - The company has engaged in regular communication with shareholders, holding 5 shareholder meetings during the reporting period[173]. - The company is committed to maintaining the rights of all shareholders, particularly minority shareholders[175]. Social Responsibility and Sustainability - The company emphasizes its commitment to sustainability, with plans to reduce packaging waste by 15% in the upcoming year[15]. - The company donated 1 million yuan to aid areas severely affected by flooding in Henan Province in July 2021[198]. - The company actively engages in social responsibility initiatives, including donations for educational and public health purposes[198]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[194]. - The company is committed to environmental protection and has not been classified as a key pollutant discharge unit[194].
依依股份(001206) - 2021 Q4 - 年度财报