NBTM(SH:600114)2022-04-22 16:00Financial Performance - The company's operating revenue for 2021 was approximately CNY 3.59 billion, representing a year-on-year increase of 9.38% compared to CNY 3.28 billion in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 25.82 million, a significant decrease of 70.49% from CNY 87.50 million in 2020[21]. - The net cash flow from operating activities increased by 110.01% to CNY 268.30 million in 2021, compared to CNY 127.76 million in 2020[21]. - The basic earnings per share for 2021 was CNY 0.04, down 71.43% from CNY 0.14 in 2020[23]. - The total assets of the company at the end of 2021 were approximately CNY 6.12 billion, an increase of 3.78% from CNY 5.90 billion at the end of 2020[21]. - The company reported a significant decline in net profit attributable to shareholders in Q4 2021, with a loss of CNY 58.83 million compared to profits in previous quarters[25]. - Non-recurring gains for 2021 amounted to CNY 65.09 million, compared to CNY 52.91 million in 2020[26]. - The company experienced a decrease in net assets attributable to shareholders, which fell by 2.02% to CNY 2.58 billion at the end of 2021[21]. - The weighted average return on equity for 2021 was 0.99%, down from 3.31% in 2020, indicating a decline in profitability[23]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares to all shareholders based on the total share capital on the equity distribution date, with no capital reserve conversion to share capital for the year 2021[6]. - The company reported a cash dividend distribution of CNY 92,458,409.55, with a cash dividend of CNY 0.15 per share based on 616,389,397 shares[90]. - The total number of shares held by directors and senior management decreased from 10,014,947 at the beginning of the year to 7,676,947 by the end of the year, a reduction of 2,338,000 shares[145]. - The chairman and general manager, Zhu Zhirong, reduced his holdings by 440,000 shares, ending the year with 1,345,400 shares[145]. - The honorary chairman, Lu Debao, also reduced his holdings by 400,000 shares, ending with 1,227,213 shares[145]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding its future plans, development strategies, and financial forecasts, advising investors to be cautious[7]. - The company’s annual report includes a detailed description of the risks it faces, which investors are encouraged to review[8]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the authenticity and completeness of the financial report[5]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees[8]. - The company is committed to improving corporate governance and ensuring compliance with relevant laws and regulations to protect shareholder interests[137]. Research and Development - The company maintains R&D expenses at over 7% of revenue for the past two years, focusing on technological innovation in powder metallurgy[42]. - The company has accumulated rich customer resources in the automotive sector, which may drive significant breakthroughs in MIM technology applications[49]. - The company is actively developing products and application solutions for the 5G information communication and big data application fields, indicating a positive market outlook[52]. - The company is committed to increasing R&D investment and fostering partnerships with universities and research institutions to address industry challenges[128]. - The company’s R&D expenses increased by 17.01% to CNY 286.09 million, reflecting a commitment to innovation[61]. Market and Product Development - The company plans to continue focusing on market expansion and new product development to improve future performance[21]. - The PM segment achieved sales revenue of 1.868 billion RMB, a year-on-year increase of 15.09%, accounting for 52.60% of the company's main business revenue[35]. - The SMC segment sales revenue reached 506 million RMB, a year-on-year increase of 63.85%, accounting for 14.25% of the company's main business revenue[38]. - The MIM segment sales were 1.177 billion RMB, a year-on-year decrease of 8.84%, accounting for 33.15% of the company's main business revenue[39]. - The company aims to enhance its automotive product offerings, focusing on high-strength, high-temperature, and low-defect materials to meet stringent automotive industry requirements[49]. Environmental and Social Responsibility - The company is listed as a key pollutant discharge unit in both Ningbo and Zhejiang Province, focusing on waste gas, wastewater, noise, and solid waste management[183]. - The company has implemented pollution control facilities, including dust collection systems and wastewater treatment stations, ensuring compliance with national emission standards[186]. - The company has invested in environmental protection facilities and green projects to reduce carbon emissions and energy consumption[198]. - The company received the title of "Zhejiang Province Water-Saving Enterprise" and "Ningbo Green Supply Chain Management Demonstration Enterprise" in 2020, and "Ningbo Green Supply Chain Benchmark Enterprise" in 2021[196]. - The company awarded "Dongmu Scholarship" to 15 undergraduate and 5 graduate students in powder metallurgy at Central South University and Hefei University of Technology, with a total investment of 2.3 million yuan since 2011[199]. Corporate Governance - The company held 1 annual general meeting and 6 board meetings during the reporting period, ensuring transparency and adherence to governance protocols[139]. - The company’s governance structure includes independent directors and supervisors, ensuring oversight and accountability[145]. - The company has established a comprehensive internal control system in accordance with relevant regulations, ensuring effective execution and protecting investor interests[180]. - An independent audit of the internal control effectiveness for the year 2021 was conducted by Tianjian Accounting Firm, resulting in a standard unqualified opinion[181]. - The company has not faced any penalties from securities regulatory agencies in the past three years[156].