JINMING MACHINERY(300281)2022-03-04 16:00Financial Performance - The company's operating revenue for 2021 was CNY 523,273,453.58, representing a 28.71% increase compared to CNY 406,543,713.95 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 39,612,260.14, a 7.55% increase from CNY 36,832,146.55 in 2020[20]. - The net profit after deducting non-recurring gains and losses was CNY 27,109,298.66, showing a significant increase of 92.30% compared to CNY 14,097,746.79 in 2020[20]. - The net cash flow from operating activities for 2021 was CNY 74,800,007.04, up 48.80% from CNY 50,267,776.73 in 2020[20]. - The total assets at the end of 2021 were CNY 1,479,373,255.48, a 3.48% increase from CNY 1,429,565,073.53 at the end of 2020[20]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,285,350,478.43, reflecting a 2.13% increase from CNY 1,258,494,263.89 at the end of 2020[20]. - The basic earnings per share for 2021 was CNY 0.0946, a 7.62% increase from CNY 0.0879 in 2020[20]. - The company achieved a revenue of ¥523,273,453.58, representing a year-on-year growth of 28.71%[59]. - The net profit attributable to shareholders was ¥39,612,260.14, with a year-on-year increase of 7.55%[59]. - The net cash flow from operating activities reached ¥74,800,007.04, marking a significant growth of 48.80% year-on-year[59]. Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.40 RMB per 10 shares (including tax) based on a total of 418,923,580 shares[7]. - The distributable profit as of December 31, 2021, was 326,909,663.13 CNY, with a net profit attributable to shareholders of 39,612,260.14 CNY for the year[175]. - The company proposed a cash dividend of 0.40 CNY per 10 shares, totaling 16,756,943.20 CNY, which represents 100% of the distributable profit[175]. - The company completed the distribution of dividends within two months of the shareholders' meeting approval[173]. - The company has a clear and complete decision-making process for profit distribution, ensuring the interests of all shareholders are protected[174]. Research and Development - The company has a strong focus on research and development in new products and technologies, particularly in the plastic machinery sector[15]. - The company has established a long-term partnership with domestic universities to enhance its research and development capabilities[47]. - The company's R&D investment amounted to ¥26,617,585.26 in 2021, representing 5.09% of total revenue, a decrease from 6.02% in 2020[84]. - Research and development expenses increased by 8.69% year-on-year, totaling approximately ¥26.62 million[81]. - The company has filed for 26 new patents during the reporting period, reflecting its commitment to research and development[62]. Market Expansion and Strategy - The company is expanding its market presence and exploring potential mergers and acquisitions to enhance growth opportunities[15]. - The company is actively expanding its domestic and international markets, focusing on direct sales of its film products[48]. - The company aims to lead the high-end optical film demand through the establishment of a "smart multifunctional factory" project[32]. - The company is focusing on integrating resources and improving internal management efficiency to support its strategic development[64]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[157]. Risk Management - The company faces risks including macroeconomic fluctuations, market competition, raw material price volatility, technology leakage, and exchange rate fluctuations[7]. - The company is actively managing risks associated with its operations and has outlined strategies to mitigate these risks in its future outlook[7]. - The fluctuation of raw material prices, particularly steel, poses a risk to production costs, and the company is enhancing its supplier management system to mitigate this risk[124]. - The company is managing foreign exchange risks by utilizing various financial instruments to hedge against significant currency fluctuations[126]. Governance and Compliance - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards[134]. - The company has established a comprehensive governance structure, adhering to relevant laws and regulations to optimize its operational framework[131]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[137]. - The company has a dedicated financial accounting department and independent financial management system, ensuring independent financial decision-making[142]. - The company has not experienced any significant changes in its governance structure compared to regulatory requirements[140]. Environmental Responsibility - The company has implemented strict environmental impact assessments and pollution prevention measures, ensuring no environmental pollution incidents occurred throughout the year[185]. - The company achieved compliance with air pollutant discharge standards, including VOCs at 0.478 mg/m³ and benzene at 0.00044 tons[184]. - The company has established management systems and operational procedures for environmental protection facilities, ensuring their normal operation[185]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[183]. - The company has installed online monitoring devices at wastewater discharge points, connected to the ecological environment department's regulatory platform[187]. Innovation and Technology - The company has developed unique technologies in large-width five-layer greenhouse film, leading the market in technical capabilities[40]. - The company is focusing on "recyclable and biodegradable" packaging solutions in response to the growing trend of sustainability[30]. - The company is advancing its "Intelligent Manufacturing" strategy, integrating advanced technologies to enhance production efficiency and reduce costs[58]. - The company has established a new subsidiary, Shenzhen Zhihui Cloud Software Technology Co., Ltd., which is expected to have a positive impact on overall operations and performance[112]. - The company is committed to enhancing its innovation capabilities and strengthening its intellectual property layout to drive technological progress[117].