NARI-TECH(SH:600406)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥42.41 billion, an increase of 10.15% compared to ¥38.50 billion in 2020[24]. - The net profit attributable to shareholders for 2021 was approximately ¥5.64 billion, reflecting a growth of 16.30% from ¥4.85 billion in 2020[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥5.53 billion, up 19.25% from ¥4.64 billion in 2020[24]. - The total assets at the end of 2021 reached approximately ¥72.73 billion, a 10.26% increase from ¥65.96 billion at the end of 2020[25]. - The company's net asset attributable to shareholders was approximately ¥38.00 billion, an increase of 11.28% from ¥34.15 billion at the end of 2020[24]. - Basic earnings per share for 2021 were ¥1.02, a rise of 16.14% compared to ¥0.88 in 2020[26]. - The diluted earnings per share also stood at ¥1.02, reflecting a 15.97% increase from the previous year[26]. - The weighted average return on equity for 2021 was 15.70%, an increase of 0.64 percentage points from 15.06% in 2020[26]. - The company generated approximately ¥4.67 billion in cash from operating activities, a decrease of 17.11% from ¥5.64 billion in 2020[24]. - The total share capital at the end of 2021 was approximately ¥5.55 billion, a 19.99% increase from ¥4.62 billion at the end of 2020[25]. Dividend Distribution - The proposed cash dividend is ¥4.1 per 10 shares (including tax), resulting in a total cash dividend distribution of ¥2,287,332,205.99, which represents a cash dividend payout ratio of 40.54%[6]. - Cumulative cash dividends since the company's listing reached 9.346 billion yuan, with an average annual dividend rate of 36.68%[40]. - The company distributed cash dividends of 1,941,027,390.54 yuan, accounting for 40.01% of the net profit attributable to shareholders for the year 2020[183]. - The company plans to issue 2 additional shares for every 10 shares held as part of its profit distribution plan, increasing the total shares to 5,545,792,545[183]. Research and Development - Research and development investment totaled RMB 3.089 billion, accounting for 7.28% of revenue, which is an increase of 0.73 percentage points year-on-year[35]. - The number of R&D personnel was 3,249, accounting for 34.02% of the total workforce[86]. - The company is committed to technological innovation, with many of its core technologies achieving international leading levels and contributing to national-level technology projects[65]. - The company is focusing on new energy systems, emphasizing safety and stability control, electrification of end consumption, and digital transformation[48]. - The company is committed to investing in new technologies to drive future growth and innovation[146]. Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[150]. - The company plans to enter two new international markets in the upcoming year[151]. - The company is actively pursuing mergers and acquisitions to enhance its market position and operational capabilities[146]. - The company is focusing on market expansion and new product development as part of its strategic initiatives[146]. - The company aims to improve operational efficiency by 10% through digital transformation initiatives[150]. Risk Management - The company faces risks including industry policy risk, talent risk, product technology innovation risk, intellectual property protection risk, and overseas operation risk[9]. - The company recognizes the risks associated with industry policies, particularly those affecting the electricity sector, which could impact market demand and investment structures[120]. - The company emphasizes the importance of quality management and risk monitoring to improve operational efficiency and effectiveness[119]. - The company faces overseas operational risks due to international political situations and has implemented measures to ensure safe and stable international business development[127]. Corporate Governance - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal regulations and corporate governance standards[134]. - The supervisory board is composed of 6 members, including 2 employee representatives, fulfilling its duties in accordance with the company's articles of association and relevant laws[135]. - The company has established a transparent performance evaluation system for senior management, linking their compensation to the company's operational performance[136]. - The company emphasizes the protection of stakeholders' rights, balancing the interests of shareholders, creditors, employees, customers, suppliers, and society[137]. - The company adheres to strict information disclosure obligations, completing 4 periodic reports and 69 temporary announcements during the reporting period, receiving an A-level rating for disclosure quality[140]. Environmental and Social Responsibility - The company invested 13.5876 million yuan in environmental protection in 2021[195]. - The company has obtained certifications for environmental management systems and energy management systems, maintaining the validity of these certifications through annual third-party audits[195]. - The company actively promotes the "carbon peak and carbon neutrality" goals, enhancing technological innovation and applying carbon management systems in local power grids[198]. - The company donated 1 million yuan to support poverty alleviation efforts in Suhe Village, ensuring no return to poverty for 148 low-income households[200]. - The company conducted energy efficiency report interpretation services for farmers in Shouguang, Shandong, as part of its rural revitalization efforts[200].