Langsha(SH:600137)2022-04-25 16:00Financial Performance - In 2021, the company achieved a revenue of CNY 402,486,328.59, representing a year-on-year increase of 16.15% compared to CNY 346,533,245.24 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 20,175,443.90, which is a 13.62% increase from CNY 17,756,596.02 in 2020[23]. - The net profit after deducting non-recurring gains and losses was CNY 15,868,954.33, showing a significant growth of 51.19% from CNY 10,496,303.65 in the previous year[23]. - The company's operating cash flow for 2021 was CNY 37,847,197.73, an increase of 9.37% compared to CNY 34,605,485.94 in 2020[23]. - In 2021, the company achieved total revenue of 402.5 million yuan, a growth of 16.15% compared to 2020, and a net profit of 20.18 million yuan, an increase of 13.62% year-on-year[32]. - The total profit reached 21,480,000 CNY, reflecting a growth of 7.62% compared to the previous year[50]. - Net profit amounted to 20,175,400 CNY, which is a 13.62% increase year-on-year[50]. - The gross profit margin for the main business was 15.48%, an increase of 2.48 percentage points from the previous year[53]. Assets and Liabilities - As of the end of 2021, the total assets amounted to CNY 667,682,678.43, a decrease of 4.09% from CNY 696,177,569.02 at the end of 2020[23]. - The net assets attributable to shareholders were CNY 524,530,088.65, reflecting a growth of 2.42% from CNY 512,132,051.79 in 2020[23]. - Cash and cash equivalents at the end of the period amounted to ¥388,523,566.07, representing 58.19% of total assets, a decrease of 1.26% from the previous period[73]. - Accounts receivable decreased by 32.78% to ¥36,230,035.27, accounting for 5.42% of total assets, due to enhanced collection efforts[73]. - Inventory decreased by 11.92% to ¥72,227,159.96, representing 10.82% of total assets[73]. - Total liabilities decreased from ¥184,045,517.23 in 2020 to ¥143,152,589.78 in 2021, a reduction of approximately 22.2%[186]. - Current liabilities totaled ¥142,753,852.26 in 2021, down from ¥183,590,599.67 in 2020, representing a decrease of about 22.3%[186]. Sales and Market Strategy - Online sales accounted for nearly 70% of total sales in 2021, surpassing offline sales for the first time[33]. - The company plans to focus on market-oriented innovation and digital transformation in 2022, aiming to integrate into the new cycle of the domestic demand economy[37]. - The company aims to enhance brand influence and expand product offerings through collaboration with suppliers and customers, leveraging the "Langsha" brand effect[38]. - The company is actively pursuing digital transformation and multi-channel sales strategies to improve customer experience and expand its market reach[48]. - The company plans to continue optimizing its product structure and expanding its market presence in shorts and bras to improve profitability[56]. Research and Development - In 2021, the company's R&D investment amounted to 13.34 million, representing 3.31% of total revenue, aimed at improving product comfort and functionality[47]. - The company emphasizes independent research and development as a driving force for technological advancement, focusing on continuous improvement of production processes and the development of new products to enhance comfort and functionality of its lingerie products[39]. - The company has increased R&D investment to enhance its technological innovation capabilities and core competitiveness, addressing the risk of low innovation capacity compared to developed countries[90]. Corporate Governance - The company has established a comprehensive investor relations management system to facilitate communication with investors and protect their rights[96]. - The company has a well-defined governance structure, ensuring equal rights for all shareholders and compliance with relevant laws and regulations[92]. - The company has implemented strict management systems for financial operations, including cash management and procurement, to ensure the safety and efficiency of funds[95][97]. - The company has not reported any related party transactions that would affect its independence[99]. Legal Matters - The company has initiated legal proceedings against customers Qi Fangping and Xu Jie for unpaid debts of ¥5,017,747.04, with the case currently pending[143]. - The company has faced multiple lawsuits and has taken necessary provisions for potential losses related to these legal disputes[143]. - The total amount involved in litigation during the reporting period is 17,652,309.42 CNY[144]. Future Outlook - The company plans to increase revenue and profit by 10% in 2022 compared to 2021, while controlling expense growth to remain at the same level as 2021[87]. - The company anticipates risks from fluctuating consumer demand and market competition, particularly in the post-pandemic era[88]. - The overall industry outlook for the lingerie sector is neutral to weak, with expectations of evolving trends influenced by national policies and consumer preferences[40].