KEHUA HENGSHENG(SZ:002335)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was ¥4,865,706,292.44, representing a 16.75% increase compared to ¥4,167,587,617.58 in 2020[29]. - The net profit attributable to shareholders for 2021 was ¥438,691,895.36, up 14.87% from ¥381,888,685.37 in 2020[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 3.80% to ¥322,842,791.21 from ¥335,612,660.12 in 2020[29]. - The net cash flow from operating activities increased by 42.87% to ¥817,614,807.99 from ¥572,292,335.09 in 2020[29]. - The basic and diluted earnings per share for 2021 were both ¥0.95, a 14.46% increase from ¥0.83 in 2020[29]. - The total assets at the end of 2021 were ¥9,571,292,317.69, reflecting a 14.91% increase from ¥8,329,230,104.73 at the end of 2020[29]. - The net assets attributable to shareholders at the end of 2021 were ¥3,527,869,342.57, a 9.07% increase from ¥3,234,604,059.99 at the end of 2020[29]. - The total revenue for 2021 reached ¥4,865,706,292.44, representing a year-over-year increase of 16.75% from ¥4,167,587,617.58 in 2020[64]. - The data center industry contributed ¥3,047,820,234.11, accounting for 62.64% of total revenue, with a 9.10% increase compared to the previous year[64]. - The renewable energy sector saw significant growth, with revenue of ¥662,531,191.54, marking a 48.50% increase from ¥446,152,468.85 in 2020[64]. Dividends and Shareholder Returns - The company reported a cash dividend of 0.90 RMB per 10 shares, based on a total of 461,567,391 shares, with no stock bonus issued[6]. - The cash dividend accounted for 100% of the total profit distribution amount, with a distributable profit of 694,103,499.27 RMB[188]. - The company's profit distribution policy aligns with the requirements of the Articles of Association and shareholder resolutions[188]. - The company's future three-year shareholder return plan (2021-2023) has been approved, outlining specific conditions and ratios for profit distribution[187]. Corporate Governance and Compliance - The company has maintained a governance structure that complies with the requirements of the Company Law and the regulations of the Shenzhen Stock Exchange[129]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[130]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring fairness in hiring and evaluation[134]. - The company has a dedicated internal audit department to oversee daily operations and internal control systems[132]. - The company has established a complete and independent financial accounting system and management system, ensuring financial independence and compliance with relevant laws and regulations[135]. Risk Management - The company emphasizes its focus on risk management and has outlined potential risks and mitigation strategies in its management discussion[6]. - The company anticipates risks from macro policies, including increased competition in the data center and new energy sectors, and will adjust strategies accordingly[120]. - The company faces accounts receivable risks due to rapid business expansion, but maintains a strong client base with good creditworthiness[118]. - The company recognizes the risk of innovation challenges due to rapid technological advancements and will increase R&D investment to mitigate this risk[119]. - The company is focused on securing its supply chain against core raw material supply risks, particularly for critical components like IGBT power modules[121]. Research and Development - The company completed 281 patent applications during the reporting period, including 211 invention patents, and held a total of 1,286 valid intellectual property rights by the end of 2021[56]. - The company’s R&D expenses increased by 20.01% to ¥266,934,918.38, reflecting ongoing investment in innovation[80]. - R&D investment amounted to ¥313,081,964.13 in 2021, an increase of 19.63% from ¥261,708,345.93 in 2020[89]. - The company employed 965 R&D personnel in 2021, representing a 2.88% increase from 938 in 2020[87]. - The company plans to integrate photovoltaic, energy storage, microgrid, and energy management systems into data center development, promoting low-carbon optimization in the industry[59]. Market Expansion and Strategic Initiatives - The company aims to expand its data center and smart power business while rapidly growing its new energy sector, leveraging its competitive advantages in technology and products[115]. - The company plans to enhance its overseas market share by focusing on large clients and refining product planning, with a goal to significantly increase overseas sales scale[115]. - The company has established Xiamen Kehua Data Technology Co., Ltd. to enhance its strategic layout in data centers and smart power sectors[47]. - The company launched the world's first 1500V 350kW string inverter solution, the largest single-unit power string inverter globally, and secured contracts with major state-owned enterprises[51]. - The company completed an acquisition of a tech startup for 100 million RMB to enhance its product offerings[151]. Employee Management and Development - The company has established a comprehensive training plan to enhance employee skills and support career development[184]. - The company has implemented a performance management system to evaluate employee contributions and establish a competitive compensation structure[183]. - The total number of employees at the end of the reporting period was 3,703, with 1,970 in the parent company and 1,733 in major subsidiaries[179]. - The company has no retired employees requiring pension expenses, indicating a focus on current workforce management[179]. - The company is committed to nurturing a young talent pool, aiming for new hires to reach expert-level proficiency within three years and promoting younger employees to leadership roles[115].