DETC(SH:600081)2022-03-30 16:00Profit Distribution and Financial Performance - The proposed profit distribution plan for 2021 is to distribute cash dividends of 1.54 RMB per 10 shares, totaling 72,444,511.37 RMB, which accounts for 30.10% of the net profit attributable to the parent company[6]. - The remaining undistributed profit of 1,183,880,893.55 RMB will be carried forward to the next year[6]. - The net profit attributable to shareholders reached CNY 240,661,770.85, representing a significant increase of 94.02% year-on-year[23]. - Basic earnings per share rose to CNY 0.6578, marking a 66.28% increase from the previous year[24]. - The net profit attributable to the parent company reached CNY 24,066,180, representing a significant year-on-year increase of 94.02%[42]. - The net profit attributable to the parent company for 2021 was RMB 31,861.01 million, exceeding the performance commitment of RMB 31,522.82 million by RMB 338.19 million, achieving a completion rate of 100%[173]. - The net profit after deducting non-recurring gains and losses for the transferred equity stake was RMB 16,027.46 million, surpassing the commitment of RMB 15,493.98 million by RMB 533.48 million, also achieving a completion rate of 100%[173]. - The company has committed to a sustainable and stable profit distribution policy, ensuring reasonable returns to investors, particularly minority shareholders[169]. Revenue and Operating Performance - The company achieved total operating revenue of CNY 7,861,180,525.20 in 2021, an increase of 4.47% compared to 2020[23]. - The operating profit for the year was CNY 48,046,590, an increase of 18.80% compared to the previous year[33]. - The company's total assets increased by 22.37% to CNY 9,551,812,287.80 at the end of 2021[23]. - The net assets attributable to shareholders grew by 99.06% to CNY 3,137,355,178.03[23]. - The total revenue for the company was ¥7,569,788,895.64, representing a 3.17% year-over-year growth[48]. - The company reported a significant impact from non-recurring gains, including CNY 19,818,694.54 from government subsidies and CNY 34,019,713.80 from net profits of subsidiaries during the merger[29]. Challenges and Market Conditions - The company faced challenges such as the COVID-19 pandemic, chip shortages, and rising raw material costs but managed to maintain operational efficiency[33]. - The company faced challenges from macroeconomic downturns, rising raw material costs, and supply chain risks, necessitating adjustments in product structure and technological innovation[69]. - The company operates in a competitive environment, with increasing competition from both domestic and foreign players in the automotive parts sector[92]. Research and Development - Research and development expenses amounted to CNY 245,744,796, showing a slight increase of 1.51% year-on-year[43]. - The company has made significant progress in developing new technologies, including the D760 smart cockpit and D600 electric drive system[39]. - The company has expanded its product offerings by adding heat management and powertrain component systems to its existing product lines[36]. Corporate Governance and Compliance - The company has established a comprehensive internal control system to ensure transparency and accountability in its operations[100]. - The company emphasizes the importance of maintaining independent governance structures to protect shareholder interests and ensure compliance with regulations[99]. - The company has confirmed that there are no insider trading investigations related to this transaction by the China Securities Regulatory Commission in the last 36 months[164]. Related Party Transactions - The total related party transactions for purchasing goods and services amounted to RMB 2.25 billion, an increase from RMB 2.12 billion in the previous year, representing a growth of approximately 6.3%[182]. - The company continues to engage in significant related party transactions, indicating a strong reliance on its affiliated entities for both procurement and sales[182]. - The total amount of related party transactions for the year was approximately RMB 5.90 billion, slightly down from RMB 5.90 billion in the previous year, indicating a stable performance in related transactions[184]. Future Projections and Commitments - The projected total revenue for 2022 is 8,656.987 million RMB, with total costs expected to be 7,476.293 million RMB[88]. - The company plans to continue fulfilling performance commitments for the subsequent years of 2022 and 2023, with net profit commitments of RMB 16,323.93 million and RMB 17,476.55 million respectively[172]. - The performance commitment period for the acquired assets is set for three fiscal years following the completion of the transaction[188]. Environmental and Social Responsibility - The company has implemented a comprehensive pollution prevention plan, achieving a 100% assessment rate for wastewater and noise prevention in new/moved projects[152]. - The company is committed to reducing carbon emissions, incorporating this goal into its business plan, and ensuring that energy consumption per unit of output decreases annually over the next five years[153]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, adhering to various environmental protection laws[150].