Zoomlion(HK:01157)2022-04-22 08:43Financial Performance - In 2021, the company's operating revenue reached RMB 67.13 billion, an increase of 3.11% compared to RMB 65.11 billion in 2020[25]. - The net profit attributable to shareholders decreased by 13.88% to RMB 6.27 billion from RMB 7.28 billion in 2020[25]. - The net profit after deducting non-recurring gains and losses was RMB 5.83 billion, down 7.61% from RMB 6.31 billion in the previous year[25]. - The net cash flow from operating activities dropped significantly by 64.63% to RMB 2.62 billion from RMB 7.42 billion in 2020[25]. - Basic earnings per share decreased by 22.45% to RMB 0.76, compared to RMB 0.98 in 2020[25]. - The total assets of the company increased by 4.94% to RMB 122.02 billion from RMB 116.27 billion at the end of 2020[25]. - The net assets attributable to shareholders rose by 21.66% to RMB 56.87 billion, up from RMB 46.74 billion in 2020[25]. - The company's total assets reached RMB 122.982 billion, with net assets amounting to RMB 58.260 billion[28]. - The sales revenue from construction machinery was RMB 63.523 billion, reflecting a year-on-year increase of 3.49%[34]. - The sales of aerial work machinery surged to RMB 3.351 billion, marking a significant growth of 310.76% year-on-year[38]. Digital Transformation and Innovation - The company emphasized the acceleration of digital transformation and innovation in new materials and new energy[22]. - The company is focusing on digitalization, intelligence, and green transformation to improve operational efficiency[32]. - The company has formed strategic partnerships with Huawei and China Mobile to enhance digital transformation and management processes[43]. - The application of "5G + Industrial Internet" in tower crane development has successfully transitioned to remote intelligent control, enhancing operational efficiency[44]. - The company has launched multiple intelligent manufacturing projects, including the "Intelligent Manufacturing Demonstration Factory" for excavators, which has been recognized nationally[45]. - Over 150 advanced intelligent manufacturing technologies have been implemented in production lines, with 25 being industry firsts, driving the company's leadership in smart manufacturing[46]. Market Expansion and International Presence - The overseas market is experiencing rapid expansion, contributing to significant growth potential[22]. - The company is expanding its international market presence, with high-altitude machinery sales covering 58 countries and regions across five continents[38]. - Overseas revenue increased by over 51.05% during the reporting period, with significant exports of large-tonnage crawler cranes, marking a breakthrough in the global high-end crawler crane market[54]. - The establishment of a factory in Italy has enabled localized production and sales of tower cranes and aerial work machinery, enhancing market penetration in Europe[55]. Research and Development - The company achieved a 62% year-on-year increase in patent applications, with a 48% increase in invention patent applications, and granted 727 patents, reflecting strong R&D capabilities[53]. - The company has made significant advancements in new energy products, including the world's first pure electric concrete pump truck and a 60-meter hybrid pump truck[51]. - The company has a dedicated R&D team of over 60 personnel focused on new energy engineering machinery core technology research[132]. Environmental, Social, and Governance (ESG) - The company emphasizes a commitment to sustainable development and social responsibility, aligning with national goals for carbon neutrality by 2060[117]. - The ESG governance structure has been enhanced under the board's leadership, with a dedicated team for ESG management[1]. - The company invested approximately RMB 50 million in safety measures in 2021, resulting in a continuous decline in minor injury incidents from 83 in 2019 to 53 in 2021, with a minor injury rate reduction of 30% year-on-year[150]. - The company reported zero confirmed cases of occupational diseases in 2021, maintaining a 100% experience rate for employees in positions with occupational hazards[152]. - The company has actively participated in community investment, aligning with national rural revitalization initiatives and collaborating with local governments and charities[184]. Employee Development and Welfare - The company achieved a 100% labor contract signing rate and provides comprehensive social insurance coverage for all employees[135]. - Employee satisfaction with cafeteria food improved from 77.9% in January to 90.2% by year-end, an increase of 12.3 percentage points[140]. - The company processed over 1,000 employee requests through its feedback platform in 2021, achieving a satisfaction rate of over 90%[137]. - The company has established strategic partnerships with 16 vocational colleges, signing cooperation agreements to train over 600 skilled workers in industrial robotics and CNC operations[160]. - The employee turnover rate for the company was 15.8% in 2021, with a higher turnover rate of 22.0% for employees aged 25 and below[146]. Safety and Compliance - The company has implemented a safety management system that includes annual KPI indicators and regular assessments of operational units[149]. - The number of environmental and safety regulations increased from 256 in 2020 to 347 in 2021, with the company ensuring compliance through training and evaluations[149]. - The company has established a comprehensive internal control system to prevent corruption and ensure transparency in decision-making processes[179]. - The company has not encountered any significant violations of anti-corruption laws or regulations during the year[183]. Supply Chain Management - The company has 918 suppliers within Hunan province and 1,978 suppliers outside the province, focusing on localizing and optimizing the supply chain[167]. - The company has implemented a performance management system that covers all employees, linking performance evaluations to personal development and recognition[164]. - In 2021, the company launched a full-process SRM information system project to improve supply chain management through digitalization and intelligence[169]. Community Engagement and Philanthropy - The company donated RMB 2 million to the "Love Changes Destiny" initiative, contributing a total of RMB 30 million over 19 years, assisting 72,000 students from low-income families[186]. - In response to the severe flooding in Henan in July 2021, the company donated 50 excavators and 50 tractors, valued at RMB 13.76 million, to aid disaster relief efforts[189]. - The company conducted a total of 11 public welfare activities throughout the year, donating cash and materials amounting to RMB 113,575[191].