AUCMA(SH:600336)2022-04-22 16:00Financial Performance - The company's operating revenue for 2021 was ¥8,625,734,982.06, representing a 22.19% increase compared to ¥7,059,238,130.66 in 2020[22] - The net profit attributable to shareholders of the listed company decreased by 41.88% to ¥180,310,959.97 from ¥310,236,626.98 in the previous year[22] - The basic earnings per share for 2021 was ¥0.23, down 42.50% from ¥0.40 in 2020[23] - The company's total profit for the company was 259 million RMB, a decrease of 55.18% compared to the previous year[47] - The net profit attributable to shareholders was 180 million RMB, down 41.88% year-on-year[47] - The company achieved operating revenue of CNY 8,625.735 million in 2021, representing a year-on-year growth of 22.19%, driven by a 21.04% increase in refrigeration products and a 58.88% increase in air conditioning revenue[50] Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥121,534,338.39, compared to ¥10,574,935.78 in 2020, marking a 1,049.27% increase[22] - The total assets of the company at the end of 2021 were ¥7,582,082,827.26, a decrease of 1.67% from ¥7,710,844,284.74 at the end of 2020[22] - The company's net assets attributable to shareholders increased by 4.40% to ¥2,388,749,348.00 from ¥2,288,159,579.51 in the previous year[22] - The company's total liabilities at the end of the reporting period were significantly impacted by the reclassification of long-term borrowings to short-term borrowings[68] Research and Development - The company applied for a total of 589 patents during the year, including 201 invention patents, and received 273 authorizations, with 132 being invention patents[32] - The company’s R&D expenses increased by 34.38% to 218.82 million RMB[49] - Total R&D expenditure amounted to CNY 228.645 million, accounting for 2.65% of operating revenue, with capitalized R&D expenses making up 0.11%[60] - The number of R&D personnel was 679, making up 9% of the total workforce, with a significant portion (326 individuals) under the age of 30[61] Market and Sales Performance - The retail market for refrigerators grew by 7.9% year-on-year, while the washing machine market saw a growth of 7.3%[40] - The company achieved over 40% growth in specific markets such as Indonesia and developed 52 new customers in overseas channels[34] - The company’s international exports reached 104.4 billion USD in 2021, marking a year-on-year growth of 24.7%[41] - The market for commercial refrigeration equipment saw a sales volume increase of 15.8% year-on-year, with sales revenue growing by 18.7%[41] Strategic Initiatives - The company implemented 35 digital projects to support its digital transformation, including the establishment of digital platforms for financial management and supplier collaboration[36] - The company plans to enhance its product structure and innovation capabilities, focusing on high-end, intelligent, and scenario-based products[82] - The company will implement a "1+3+N" strategic framework, targeting the establishment of a world-class smart cold chain enterprise[79] - The company aims to establish at least two new overseas marketing agencies or assembly plants in 2022[86] Risk Management - The company has not faced any significant risks that could materially affect its operations during the reporting period[8] - The company emphasizes risk management, focusing on credit management and controlling receivables and inventory risks[91] - The company faces significant macroeconomic risks due to geopolitical tensions and the ongoing impact of the COVID-19 pandemic on global economic recovery[92] - The company is exposed to cost and exchange rate fluctuations, particularly in raw material prices and currency exchange impacts on export and import operations[95] Corporate Governance - The company adheres to legal regulations in selecting board members, ensuring compliance with regulatory requirements[100] - The company has established a governance structure that integrates party leadership into its corporate governance[98] - The company guarantees the independence of its operations, including personnel, assets, and financial management[101] - The company has a robust internal control system to protect the rights of shareholders, especially minority shareholders[98] Employee and Management Structure - The total number of employees in the parent company is 4,142, while the main subsidiaries employ 3,022, resulting in a total of 7,164 employees[128] - The professional composition includes 5,023 production personnel, 1,126 sales personnel, 679 technical personnel, 121 financial personnel, and 215 administrative personnel[128] - The company has maintained a consistent leadership structure with no new appointments or departures during the reporting period[108] - The company’s management team consists of experienced individuals, with an average age of 51 years among the directors[108] Environmental Responsibility - The company has implemented a comprehensive environmental management system, including a wastewater treatment facility that meets discharge standards[143] - The company aims for over 95% of its products to be energy-efficient, achieving significant improvements in design and production processes to enhance environmental sustainability[151] - The company has established a technology development roadmap and carbon emission control schedule to meet national targets ahead of deadlines[151] - The company donated over 2 million yuan worth of biomedical equipment to 14 medical institutions during the COVID-19 pandemic, contributing to public health efforts[155] Shareholder Engagement - The company distributed a cash dividend of 1.20 CNY per 10 shares, totaling 95,791,592.28 CNY, which represents 30.88% of the net profit attributable to shareholders for the year 2020[132] - The company has established a cash dividend mechanism that protects the rights of shareholders, especially minority shareholders, ensuring compliance with regulations[132] - The total remuneration for all directors, supervisors, and senior management personnel for the year 2021 amounted to 7.637 million yuan[117] - The company has implemented a salary system for senior management based on company performance and industry standards[117]