HDAA(SH:600316)2022-03-30 16:00Financial Performance - The company achieved a total operating revenue of ¥7,214,281,276.61 in 2021, representing a 42.33% increase compared to ¥5,068,597,571.87 in 2020[26] - The net profit attributable to shareholders of the listed company was ¥151,408,174.16, up 14.17% from ¥132,610,972.65 in the previous year[26] - The net cash flow from operating activities was ¥220,649,908.69, a significant recovery from a negative cash flow of ¥142,080,849.55 in 2020[26] - The total assets of the company reached ¥17,900,673,657.61 at the end of 2021, marking an 85.07% increase from ¥9,672,325,992.10 at the end of 2020[26] - The basic earnings per share for 2021 was ¥0.2111, reflecting a 14.17% increase from ¥0.1849 in 2020[27] - The company reported a diluted earnings per share of ¥0.2111, consistent with the basic earnings per share[27] - The weighted average return on net assets was 2.93% in 2021, compared to 2.64% in 2020[27] - The net profit for the year was 152 million RMB, an increase of 14.17% compared to the previous year[38] - The net profit after deducting non-recurring gains and losses was 4,258.74 million RMB, reflecting a year-on-year increase of 33.63%[48] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.67 per 10 shares, amounting to a total of ¥48,046,672.30 based on the total share capital of 717,114,512 shares[8] - The company approved a cash dividend plan, distributing RMB 0.57 per 10 shares based on a total share capital of 717,114,512 shares[137] Operational Highlights - The company achieved record high delivery quantities and amounts for its main products, including trainer aircraft and defense products[40] - The gross profit from product deliveries increased due to higher delivery volumes during the reporting period[30] - The company recorded an investment income of 9.67 million RMB from the transfer of a 50% stake in Jiangxi Hongdu International Electromechanical Co., Ltd.[30] - The company implemented 10 company-level AOS projects, significantly improving production efficiency and shortening production cycles for various products[40] - The company reduced its stake in Jiangxi Hongdu International Electromechanical Co., Ltd. from 85% to 40%, focusing resources on its main business and enhancing defense equipment research and production capabilities[40] Research and Development - Research and development expenses increased by 43.27% to 84,313,732.18 RMB, indicating a focus on innovation[50] - The company plans to continue increasing R&D efforts in trainer and defense products, aiming to maintain its leading position in the industry[78] - The company employed 357 R&D personnel, making up 19.14% of the total workforce, with a majority holding bachelor's degrees[65] Environmental and Compliance - The company reported a total chemical oxygen demand (COD) discharge of 3.26 tons, which did not exceed environmental protection agency requirements[145] - The company has established a comprehensive internal control system, with no significant deficiencies reported during the evaluation period[141] - The company has implemented a pollution prevention facility that operates effectively, including wastewater treatment and emissions control systems[146] - The company has obtained a discharge permit and complies with environmental protection regulations for all construction projects[147] - The company has established an emergency response plan for environmental incidents, ensuring effective handling of potential emergencies[148] Corporate Governance - The company held 2 shareholder meetings during the reporting period, with 51.46% of voting rights represented[95] - The board of directors convened 6 meetings, ensuring compliance with regulations and independent director reviews for related party transactions[97] - The supervisory board held 4 meetings, fulfilling its oversight responsibilities and ensuring compliance in financial reporting[97] - The company has established a system for managing insider information and has conducted training for directors and senior management on compliance[97] Market Position and Competition - The company is the only domestic enterprise capable of developing and producing a full range of trainer aircraft, including the CJ6, K8, and L15 models[43] - The company faces intense competition in the international aviation product market, with competitors such as Russia's Yak-130, Italy's M-346, and the US Lockheed Martin/Korea KAI T-50[93] - The majority of the company's foreign trade market for trainer aircraft is in small and medium-sized countries in Asia, Africa, and Latin America, which limits order volume and poses political risks[93] Related Party Transactions - The company reported a total related party transaction amount of 10,048,733,535.70 RMB, with a significant portion (99.86%) attributed to sales of goods to Hongdu Company[171] - The company engaged in labor services with Hongdu Company, amounting to 26,063,356.44 RMB, representing 94.63% of similar transaction amounts[168] Employee Management - The company reported a total of 1,865 employees, with 1,846 in the parent company and 19 in major subsidiaries[132] - The company’s employee composition includes 1,159 production personnel, 354 technical personnel, and 315 administrative personnel[132] - The company’s remuneration policy emphasizes aligning salary increases with research and production tasks, focusing on value creation and employee efficiency[133] Financial Audit and Reporting - The audit committee convened 5 meetings, approving the 2020 annual financial settlement report and the 2021 quarterly reports, confirming their accuracy and completeness[127] - The audit opinion confirmed that the financial statements fairly represent the company's financial status and results for the year 2021[200]