GETM(SH:600232)2022-03-21 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,208,903,630.80, representing a 19.28% increase compared to CNY 1,013,472,591.41 in 2020[21] - The net profit attributable to shareholders for 2021 was CNY 49,070,961.09, a 54.24% increase from CNY 31,813,843.71 in the previous year[21] - The net profit after deducting non-recurring gains and losses was CNY 26,377,295.51, compared to a loss of CNY 46,715,604.15 in 2020[21] - Cash flow from operating activities increased by 90.53% to CNY 186,210,259.50, up from CNY 97,732,872.66 in 2020[21] - Basic earnings per share increased by 55.56% to CNY 0.14 in 2021 compared to CNY 0.09 in 2020[23] - The weighted average return on equity rose to 4.67% in 2021, up from 2.75% in 2020, an increase of 1.92 percentage points[23] - The net profit attributable to shareholders for Q4 2021 was CNY 13,141,811.94, showing a significant increase from CNY 2,511,238.49 in Q1 2021[25] - The company reported a net cash flow from operating activities of CNY 172,861,620.84 in Q4 2021, a substantial improvement from a negative CNY 69,454,611.34 in Q1 2021[25] Assets and Liabilities - Total assets at the end of 2021 were CNY 1,735,377,337.52, a decrease of 4.83% from CNY 1,823,413,228.97 at the end of 2020[22] - The net assets attributable to shareholders decreased by 2.09% to CNY 1,044,901,796.10, down from CNY 1,067,232,675.41 at the end of 2020[22] - Total liabilities decreased from CNY 705,334,412.52 in 2020 to CNY 643,947,944.52 in 2021, a decrease of approximately 8.7%[199] - Current liabilities decreased from CNY 697,308,406.71 in 2020 to CNY 636,235,441.25 in 2021, a decline of about 8.8%[198] - Non-current assets decreased from CNY 442,850,595.30 in 2020 to CNY 413,818,157.63 in 2021, a decline of approximately 6.6%[198] Revenue by Segment - The textile industry contributed CNY 590,377,867.80 in revenue, with a gross margin of 10.39%, up 14.14 percentage points year-on-year[50] - The machinery industry generated CNY 540,150,383.03 in revenue, with a gross margin of 18.74%, an increase of 0.32 percentage points[50] - The new energy sector reported revenue of CNY 63,776,013.32, with a gross margin of 16.36%, up 13.99 percentage points[50] Research and Development - Research and development expenses rose to CNY 17,667,778.57, marking a 17.35% increase from the previous year[48] - The company has developed over 40 patents, including 2 invention patents, and is a key contributor to national standards for hemp equipment manufacturing[39] - The company is committed to continuous innovation and R&D, enhancing product performance and expanding its product range[43] Market Position and Strategy - The company aims to achieve a domestic market share of 80% for domestic textile equipment by the end of the "14th Five-Year Plan" period[32] - The global injection molding machine market is projected to reach USD 22.45 billion by 2025, with a compound annual growth rate of 3.5%[34] - The company has maintained a market share of over 85% in the hemp machinery sector, with significant advancements in automation and technology[39] Environmental and Social Responsibility - The company is focusing on environmental protection and safety, promoting clean production and enhancing resource recycling within its operations[45] - The company invested over 198.33 million yuan in environmental protection management and monitoring during the reporting period, including 173.33 million yuan for wastewater treatment and 25 million yuan for air pollution control[139] - The company has committed to social responsibility by actively participating in poverty alleviation and public welfare activities[153] Governance and Compliance - The company has held two shareholder meetings during the reporting period, ensuring compliance with regulations and protecting the rights of minority shareholders[88] - The governance structure of the company complies with relevant laws and regulations, indicating no significant discrepancies[94] - The company maintains transparency in information disclosure, ensuring timely and accurate reporting to stakeholders[92] Risks and Challenges - The company faces intensified market competition in the lithium battery materials sector due to increased entrants and capacity expansion, which may lead to structural and phase overcapacity if future market demand falls short[82] - The rapid technological advancements in lithium batteries pose a risk of obsolescence, influenced by national and local policies regarding subsidies and taxes for new energy vehicles[83] - The company is exposed to exchange rate risks due to significant import and export activities, particularly with USD settlements, which can impact earnings amid currency fluctuations[84] Employee and Management - The company employed a total of 2,131 staff, with 486 in the parent company and 1,645 in major subsidiaries[121] - The company has a training plan that includes various training types such as pre-job training and management training, aimed at bridging skill gaps[123] - The total remuneration for directors, supervisors, and senior management in the reporting period amounted to 3.4366 million yuan[107]