TMT(SH:600458)2022-03-30 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 181,441,224.99 for the year 2021, with a total distributable profit of RMB 1,188,553,675.77 as of December 31, 2021[8]. - The proposed cash dividend distribution is RMB 0.80 per share (including tax), amounting to a total cash dividend of RMB 64,223,852.16, which represents 35.40% of the net profit attributable to shareholders[8]. - The company achieved operating revenue of RMB 14.05 billion in 2021, a decrease of 6.83% compared to RMB 15.08 billion in 2020[27]. - Net profit attributable to shareholders was RMB 181.44 million, down 44.44% from RMB 326.60 million in the previous year[27]. - The net profit after deducting non-recurring gains and losses was RMB 37.94 million, a decline of 80.80% from RMB 197.53 million in 2020[27]. - The net cash flow from operating activities was RMB 256.37 million, a significant drop of 89.40% compared to RMB 2.42 billion in 2020[27]. - The company reported a basic earnings per share of RMB 0.23, down 43.90% from RMB 0.41 in 2020[30]. - The company achieved sales revenue of 5.463 billion yuan, an increase of 214 million yuan compared to the previous year, despite challenges such as global chip shortages and rising raw material prices[46]. - The company achieved a sales revenue of 5.098 billion yuan in the reporting period, a decrease of 1.785 billion yuan compared to the previous year, but still showing significant growth from 2.325 billion yuan in 2019[41]. - The company reported a total revenue of 3,718 million in the previous period and 4,918 million in the current period, indicating a growth of approximately 32.3%[162]. - The net profit for the current period reached 1,200 million, reflecting a significant increase compared to the previous period[162]. - The company reported a significant increase in revenue, achieving a total of 10 billion yuan, representing a year-over-year growth of 15%[167]. Risk Management - The company has no significant risks that could materially affect its operations during the reporting period[11]. - The company has no violations of decision-making procedures regarding external guarantees[11]. - The company emphasizes the importance of investor awareness regarding risks associated with forward-looking statements in the report[8]. - The company is focusing on risk prevention and enhancing its market share in LNG while exploring future development paths in nuclear power and 5G fields[133]. - The company is actively monitoring market trends and establishing a key material control list to strengthen its strategic reserves[146]. - The company is focusing on establishing a strategic supply chain management system to mitigate risks associated with rising raw material prices and supply chain disruptions[146]. Operational Efficiency - The company is actively pursuing cost reduction and efficiency improvement measures, including optimizing product design and negotiating with suppliers[46]. - The company is implementing lean management practices to improve operational efficiency and cost control across its production processes[135]. - The management emphasized the importance of operational efficiency improvements to enhance profitability margins moving forward[162]. - The company aims to enhance its internal training system by integrating external resources and developing internal instructors[195]. - The company has established a diverse and personalized incentive model to stimulate corporate vitality and promote high-quality development[194]. Research and Development - The company has made significant breakthroughs in high polymer new materials, with sales revenue in this sector reaching 315 million yuan, an increase of 102 million yuan year-on-year[47]. - The company has undertaken over 60 national key product R&D and core technology projects, contributing to significant technological advancements in the industry[92]. - The company obtained 211 new authorized patents in 2021, including 163 invention patents, and participated in the revision of 64 domestic and international standards[92]. - Investment in research and development has increased, with a focus on innovative technologies to maintain competitive advantage[162]. - The company is actively pursuing opportunities in the high-performance polyurethane and composite materials market, which are crucial for various industrial applications[124]. Market Strategy - The company aims to expand its market presence and strengthen its position in the rail transit sector amid challenges such as rising raw material prices[37]. - The company plans to focus on stabilizing growth in the rail transit market, expanding overseas market share, and enhancing maintenance market opportunities in 2022[48]. - The company is targeting to become a leading wind turbine blade supplier, aiming to solidify its position as the second in the domestic market and strive to enter the top three globally[134]. - The company is expanding its market presence by developing overseas channels and establishing local bases to support international operations, particularly in the wind power sector[135]. - The company plans to enhance its core capabilities through automation and smart manufacturing, aiming to achieve global leadership in rail vehicle vibration technology[128]. Corporate Governance - The company is committed to ensuring the authenticity, accuracy, and completeness of the annual report, as stated by its management[6]. - The audit report issued by KPMG Huazhen is a standard unqualified opinion[6]. - The company has established a compensation and assessment committee to determine the remuneration of directors and senior management[173]. - The company has been criticized for its information disclosure practices, which have led to regulatory penalties[175]. - The company approved a three-year shareholder return plan for 2021-2023 during the annual general meeting[156]. Future Outlook - Future guidance indicates an optimistic outlook with expected revenue growth of 15-20% for the next fiscal year[162]. - The company aims to achieve a sales revenue of no less than 14.2 billion yuan in 2022, focusing on improving operational quality and profitability[142]. - The company plans to invest 500 million yuan in renewable energy projects over the next three years[167]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[162]. - The company is committed to localizing its operations in regions such as the US, Australia, and India, enhancing its service capabilities in emerging markets[128].