SANY(SH:600031)2022-04-22 16:00Financial Performance - The company's operating revenue for 2021 was CNY 106.11 billion, an increase of 6.82% compared to CNY 99.34 billion in 2020[15]. - The net profit attributable to shareholders for 2021 was CNY 12.03 billion, a decrease of 22.04% from CNY 15.43 billion in 2020[15]. - The net profit after deducting non-recurring gains and losses was CNY 10.29 billion, down 26.22% from CNY 13.95 billion in 2020[15]. - The net cash flow from operating activities was CNY 11.90 billion, a decline of 11.29% compared to CNY 13.42 billion in 2020[15]. - The total assets at the end of 2021 were CNY 138.56 billion, representing a 9.55% increase from CNY 126.48 billion at the end of 2020[15]. - The net assets attributable to shareholders at the end of 2021 were CNY 63.69 billion, an increase of 12.29% from CNY 56.72 billion at the end of 2020[15]. - The basic earnings per share for 2021 were CNY 1.4287, a decrease of 22.36% from CNY 1.8401 in 2020[17]. - The diluted earnings per share for 2021 were CNY 1.4284, down 22.26% from CNY 1.8374 in 2020[17]. - The weighted average return on net assets for 2021 was 19.95%, a decrease of 9.60 percentage points from 29.55% in 2020[17]. Revenue Breakdown - Excavator sales revenue reached 41.75 billion RMB, a year-on-year increase of 11.25%, maintaining the top global market share for 11 consecutive years[25]. - Concrete machinery sales revenue was 26.67 billion RMB, remaining stable compared to 2020, and retaining the top global brand position[25]. - International sales revenue reached 24.846 billion yuan in 2021, a significant increase of 76.16% year-on-year, with international revenue accounting for 23.4% of total revenue, up 9.2 percentage points[36]. - The company's domestic revenue decreased by 4.84% to CNY 78.71 billion, while the cost of sales increased by 1.59%[63]. Research and Development - The company invested 6.509 billion yuan in R&D in 2021, an increase of 1.517 billion yuan or 30.4% compared to 2020, focusing on new products, technologies, electrification, and international products[45]. - The company completed the development of 34 electric products in 2021, with 20 launched, including 4 pure electric concrete mixers and 4 pure electric dump trucks, covering three technology routes: pure electric, battery swap, and hydrogen fuel[35]. - The company applied for 2,862 patents in 2021, a growth of over 150%, with a total of 13,140 patent applications and 9,124 authorized patents, ranking first in the domestic industry[46]. - The company launched 186 new products in 2021, including the world's largest 4,500-ton crawler crane and the SY650 excavator, achieving a record in both quantity and quality of technological achievements[48]. Market Position and Strategy - The company is focusing on digital transformation as a key strategy, actively promoting digital and intelligent upgrades[28]. - The company aims to implement strategies focused on digitalization, electrification, and internationalization to capitalize on emerging market trends[87]. - The company is dedicated to internationalization, increasing resource investment in key markets, and establishing localized teams to enhance service and product development in Europe and the U.S.[90]. - The company expressed confidence in the long-term market prospects of the engineering machinery industry, driven by ongoing industrialization and urbanization in China[77]. Environmental Responsibility - The company is committed to environmental responsibility, with all subsidiaries meeting the required pollution discharge standards[140]. - The company has implemented measures to control nitrogen oxides emissions, achieving a reduction to 3.12 tons annually[141]. - The company is focusing on enhancing its wastewater treatment processes to meet stricter discharge standards, targeting a reduction in COD and ammonia nitrogen emissions[142]. - The company has set a target for reducing VOCs emissions in line with local standards, aiming for a reduction of 34.812 tons annually[143]. Corporate Governance - The company maintained strict adherence to information disclosure regulations, ensuring timely and accurate reporting through designated media[106]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with relevant laws and regulations[106]. - The company has implemented a management system for insider information, ensuring proper training and registration of insiders[106]. - The company has a structured decision-making process for the remuneration of its directors and senior management[117]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[113]. - The company aims to enhance its electric machinery technology and supply chain planning, utilizing pure electric, hybrid, and hydrogen fuel technologies[93]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[113]. - The company aims to leverage its technological expertise to drive growth and improve operational performance[112].