Financial Performance - The company reported a revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[17]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% from the previous year[17]. - The company's operating revenue for 2021 was ¥639,769,119.09, representing a 20.78% increase compared to ¥529,709,804.79 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥79,551,977.76, an increase of 11.64% from ¥71,255,008.98 in 2020[22]. - The total assets at the end of 2021 were ¥990,153,762.54, a 24.51% increase from ¥795,227,497.79 at the end of 2020[22]. - The company's basic earnings per share for 2021 was ¥1.06, up 11.58% from ¥0.95 in 2020[22]. - The total operating revenue for 2021 was ¥639,769,119.09, representing a year-on-year increase of 20.78% compared to ¥529,709,804.79 in 2020[57]. - The main product, forklift transmission devices, generated revenue of ¥607,891,415.38, accounting for 95.02% of total revenue, with a year-on-year growth of 21.47%[57]. - The company reported a total revenue of 30,000 million CNY for the year 2021[112]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 20% increase in market share[5]. - Future guidance suggests a revenue target of RMB 1.5 billion for 2022, reflecting a growth rate of 25%[5]. - The company aims to launch two new product lines in 2022, expected to contribute an additional RMB 300 million in revenue[5]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[159]. - The company plans to deepen its main business and establish itself as an industry benchmark, leveraging its experience in forklift transmission system manufacturing[89]. - The company will enhance its research and development capabilities to seek internationally leading core technologies and drive the development of new high-end products[91]. Research and Development - The R&D expenditure for 2021 was RMB 150 million, accounting for 12.5% of total revenue, with a focus on new product development[17]. - Research and development expenses increased by 31.53% to ¥25,567,299.85, driven by new product development projects[68]. - The company invested CNY 25,567,299.85 in R&D in 2021, representing 4.00% of its operating revenue[72]. - The company has been focusing on continuous innovation and technology absorption to enhance its competitiveness in the gearbox market[30]. - The company emphasizes innovation and has developed a complete core technology system for forklift gearboxes, including noise analysis and control technology[40]. - The company is committed to continuous investment in research and development to support its main business development strategy[138]. Customer Base and Sales - User data indicates a growth of 30% in active users of the company's products, reaching 1 million users by the end of 2021[17]. - The top five customers accounted for 84.90% of the company's total annual sales, indicating a high customer concentration risk[48]. - The company's major customers accounted for 84.90% of total sales, with the top customer contributing ¥422,897,599.35, or 66.10% of total sales[66]. - The company sold 212,124 units in 2021, an increase of 20.47% from 175,927 units in 2020[61]. Risk Management - The company has identified key risks including market competition and supply chain disruptions, with strategies in place to mitigate these risks[5]. - The company faces risks related to high customer concentration and potential fluctuations in the forklift market, which could impact its operational performance[92]. - The company will implement measures to mitigate risks, including improving production efficiency and expanding its customer base through technological innovation[93]. Governance and Management - The company maintains a robust governance structure, ensuring compliance with legal and regulatory requirements[99]. - The company has established a comprehensive internal control system to manage risks related to operations and governance[99]. - The company has a clear governance structure with independent directors and supervisors[110]. - The company has a diverse board of directors with no overlapping roles in the controlling shareholder's enterprises[110]. - The company has successfully recruited high-level management and trained a significant number of young employees to support future growth[96]. Environmental and Social Responsibility - The company is committed to sustainable development, emphasizing energy conservation and environmental protection as key components of its growth strategy[91]. - Jindao Technology has committed to environmental management and has not faced any administrative penalties for environmental issues during the reporting period[148]. - The company actively promotes green practices, including paperless operations and regular internal environmental supervision[151]. Shareholder Relations and Dividends - The company has no plans to distribute cash dividends or issue bonus shares for the year 2021[6]. - The company has committed to maintaining a stable dividend policy, with a proposed dividend payout ratio of 30%[159]. - The company did not propose a cash dividend distribution plan for the reporting period despite having positive distributable profits[137]. Future Commitments and Plans - The company plans to repurchase shares to stabilize stock prices, with a total repurchase fund not exceeding the total funds raised from the initial public offering[167]. - The company will ensure that any repurchase does not lead to a distribution of equity that does not meet listing conditions[165]. - The company is committed to optimizing resource integration across procurement, production, sales, and management to enhance overall operational efficiency[189].
金道科技(301279) - 2021 Q4 - 年度财报