Financial Performance - Haina Intelligent Equipment recorded total revenue of approximately RMB 393.0 million for the year, a decrease of about 17.1% compared to the previous year[7] - The company sold a total of 62 machines during the year, reflecting a decline in sales volume[7] - Net profit after tax was approximately RMB 26.3 million, down about 47.5% from the previous year, with earnings per share at RMB 0.0521[7] - The group recorded total revenue of approximately RMB 393.0 million for the year, with a total of 62 machines sold, representing a decrease of about 17.1% compared to the previous year[20] - The net profit after tax for the group was approximately RMB 26.3 million, a decrease of about 47.5% from the previous year[20] - The company's revenue decreased by approximately RMB 81.3 million (or 17.1%) to about RMB 393.0 million, primarily due to a reduction in sales of disposable medical mask machines by approximately RMB 164.8 million[33] - The gross profit for the year was approximately RMB 84.8 million, a decrease of about RMB 54.5 million from the previous year, resulting in a gross margin of approximately 21.6%, down from 29.4%[35] - The profit attributable to the owners of the company for the year was approximately RMB 27.0 million, a decrease from RMB 40.0 million in the previous year[42] Investments and Acquisitions - Haina Intelligent plans to establish a dedicated R&D center in Jinjiang, Fujian Province, to enhance product development efficiency[10] - The company completed the acquisition of the remaining 49% stake in Hangzhou Haina Machinery, making it a wholly-owned subsidiary[11] - The group has successfully acquired land use rights for approximately 27,594 square meters at a cost of about RMB 21.83 million for the construction of a digital factory[19] - The company signed a land reservation agreement on December 17, 2021, for approximately 40 acres of land at a total price of RMB 199 million to build a dedicated R&D center in Jinjiang[65] - The company entered into a share subscription agreement on July 28, 2021, to acquire 19.8% equity in an automation production and logistics technology solutions provider for HKD 19.8 million[63] - The group completed the acquisition of the remaining 49% stake in Hangzhou Haina Machinery, making it a wholly-owned subsidiary[24] Research and Development - Haina Intelligent holds 147 patents in China, emphasizing its strong R&D capabilities[8] - The group intends to continue increasing R&D investment, with R&D expenditures for the year amounting to approximately RMB 32.0 million[23] - The group aims to establish a dedicated R&D center in Jinjiang, Fujian Province, to improve R&D efficiency and reduce product development time[23] - The company is developing a "5G + Hygiene Industry Industrial Internet Digital Empowerment Platform" in collaboration with China Telecom, with the first phase of the big data dashboard completed and full completion expected within two years[30] Market Expansion - Haina Intelligent intends to invest in a digital factory to increase production capacity and meet higher market demands[12] - The company aims to expand its sales reach to 13 overseas countries while maintaining a strong presence in the domestic market[7] - The group has deepened its penetration in both domestic and overseas markets, gaining 12 new customers in China and 2 overseas[15] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year[136] Corporate Governance - The company is committed to maintaining high standards of corporate governance and has complied with the applicable corporate governance code[69] - The roles of the chairman and CEO are currently held by the same individual, which the board believes ensures effective leadership and decision-making[69] - The company has established three committees: the audit committee, the remuneration committee, and the nomination committee to assist the board in governance[85] - The audit committee is composed of three independent non-executive directors and one non-executive director, ensuring appropriate professional accounting qualifications[87] - The board consists of eight members with a balanced mix of experience in management, strategic development, quality assurance, risk management, and finance[99] Shareholder Information - The company has established a website for shareholders and investors to access the latest financial information, business developments, announcements, and contact details[119] - The total reserves available for distribution to shareholders as of December 31, 2021, amounted to approximately RMB 161.3 million, an increase from RMB 120.2 million in 2020[160] - The group did not recommend the payment of a final dividend for the reporting period[151] - The board retains discretion over any proposed dividend distribution, amount, and payment method, which will depend on various factors including actual and expected financial performance[121] Risk Management - The company has a clear internal control and risk management system in place, which was reviewed by the audit committee[88] - The company has established a three-tier risk management approach to identify, assess, and manage various types of risks[105] - The audit committee reviews the effectiveness of the risk management and internal control systems and provides recommendations to the board[104] Employee Information - Employee costs for the year were approximately RMB 46.9 million, an increase from RMB 38.9 million in the previous year[60] - All directors are encouraged to participate in ongoing professional development activities to ensure they remain informed and relevant[84] Financial Position - As of December 31, 2021, cash and bank balances were approximately RMB 102.4 million, down from RMB 230.4 million as of December 31, 2020[46] - The group's debt-to-equity ratio as of December 31, 2021, was approximately 19.1%, compared to 8.9% as of December 31, 2020[50] - The group had unutilized capital commitments of approximately RMB 29.2 million for the development of intangible assets and RMB 19.9 million for land use rights as of December 31, 2021[51]
海纳智能(01645) - 2021 - 年度财报