GRIAM(600206)2022-04-15 16:00Financial Performance - The company achieved a net profit of ¥37,930,819.93 in 2021, with a distributable profit of ¥90,278,540.92 after allocating 10% to statutory reserves[6]. - A cash dividend of ¥0.85 per 10 shares (including tax) is proposed, totaling ¥71,957,033.22, which accounts for 79.71% of the distributable profit[6]. - The company's operating revenue for 2021 was RMB 16,058,609,198.28, representing a 23.82% increase compared to RMB 12,969,038,953.96 in 2020[26]. - The net profit attributable to shareholders for 2021 was RMB 238,760,184.99, a 40.21% increase from RMB 170,290,513.39 in the previous year[26]. - The net cash flow from operating activities for 2021 was RMB 304,291,147.54, compared to a negative RMB 28,890,289.98 in 2020[28]. - The total assets at the end of 2021 were RMB 4,898,566,200.43, reflecting a 14.93% increase from RMB 4,262,151,668.74 at the end of 2020[28]. - The basic earnings per share for 2021 was RMB 0.30, up 50.00% from RMB 0.20 in 2020[28]. - The weighted average return on equity for 2021 was 7.19%, an increase of 1.77 percentage points from 5.42% in 2020[28]. - The company reported a net asset attributable to shareholders of RMB 3,408,493,630.66 at the end of 2021, which is a 4.85% increase from RMB 3,250,724,910.71 at the end of 2020[28]. Research and Development - The company invested 191 million RMB in R&D, focusing on new technologies and products aligned with industrial strategic development[43]. - The company has been focusing on the research and development of advanced functional materials to meet the growing demand in high-tech sectors[20]. - The company launched new products, including 12-inch ultra-pure copper alloy targets, which have been validated by leading integrated circuit companies and are now in mass production[44]. - The company has established a complete technology innovation system with 57 government-funded scientific projects initiated and 32 projects completed during the reporting period[71]. - The company aims to leverage digital transformation in the dental orthodontics sector, introducing a series of digital orthodontic products to lead innovation in the industry[137]. Market Expansion and Strategy - The company plans to expand its market presence and invest in new product development to enhance its competitive edge[20]. - The company is focusing on digital transformation and innovation in the medical device sector, particularly in dental care[68]. - The company plans to enhance its digital marketing efforts, with a budget increase of 25% to boost online sales channels[166]. - The company plans to increase the production capacity of sputtering targets to 73,000 pieces per year through the "Youyan Yijin Target Expansion Project" to address key material shortages in the integrated circuit industry[128]. - The company is committed to becoming a global leader in new materials, focusing on capital operation and resource integration for future industry expansion[75]. Operational Efficiency - The company aims to improve its operational efficiency and explore potential mergers and acquisitions to drive growth[20]. - The company aims to improve operational efficiency by 20% through the implementation of advanced technologies in production processes[164]. - The management has set a target to reduce costs by 10% over the next year through strategic sourcing and supply chain optimization[165]. - The company has established a dual prevention mechanism for safety production, significantly improving its safety management and risk control capabilities[55]. Corporate Governance - The company has a well-structured corporate governance framework, adhering to legal regulations and maintaining effective checks and balances among its governing bodies[149]. - The company has appointed independent directors and established a supervisory board to enhance governance and oversight[154]. - The board of directors and management confirm the authenticity and completeness of the financial report[4]. - The company has implemented a performance evaluation mechanism for senior management to enhance accountability and efficiency[198]. Social Responsibility - The company actively participates in social responsibility initiatives, including a donation of RMB 157,500 for early childhood education[59]. - The company promotes a culture of excellence through various recognition programs, enhancing employee engagement and motivation[58]. Risk Management - The company is implementing measures to mitigate risks associated with macroeconomic uncertainties, including price stabilization and financial hedging strategies[144]. - The overall risk is controllable, with measures in place to manage raw material supply and price fluctuations due to rising global commodity prices[147]. - The ongoing COVID-19 pandemic poses risks to production and operations, but the company is actively adjusting sales strategies and increasing inventory to minimize negative impacts[147]. Employee Management - The company has a well-structured talent pool with 49 senior engineers, 66 engineers, and 53 PhDs, emphasizing the importance of talent development[80]. - The company conducts regular employee training activities to enhance professional skills based on departmental needs[189]. - Total compensation for directors, supervisors, and senior management in 2021 amounted to 6.4764 million yuan[165]. Financial Policies - The company maintains a cash dividend policy that requires at least 10% of the distributable profit to be allocated as cash dividends, barring special circumstances[192]. - The profit distribution policy emphasizes stability and continuity while considering long-term interests and sustainable development[192]. - The board of directors is responsible for formulating the profit distribution plan, which requires approval from the shareholders' meeting[192].