FARATRONIC(SH:600563)2022-03-25 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 830,619,056.16 in 2021, representing a 49.51% increase from RMB 555,558,927.85 in 2020[4]. - Total operating revenue for 2021 was RMB 2,810,556,214.32, a 48.66% increase compared to RMB 1,890,574,260.67 in 2020[10]. - The net cash flow from operating activities reached RMB 907,625,959.69, marking a significant increase of 155.82% from RMB 354,786,591.25 in the previous year[10]. - The company's total assets as of the end of 2021 amounted to RMB 4,641,578,779.73, reflecting a 27.16% increase from RMB 3,650,106,683.75 at the end of 2020[10]. - The net assets attributable to shareholders increased to RMB 3,433,659,176.19, an 18.61% rise from RMB 2,895,019,466.55 in 2020[10]. - Basic earnings per share for 2021 were RMB 3.69, up 49.39% from RMB 2.47 in 2020[10]. - The company reported a total profit of RMB 977,586,375.44, an increase of 48.9% from RMB 656,520,229.53 in the previous year[112]. - The total comprehensive income for 2021 was RMB 844,872,428.87, up 50.0% from RMB 564,098,817.94 in the previous year[113]. Revenue and Sales - Domestic sales revenue reached 1.956 billion RMB, up 56.99% year-on-year, while export revenue was 775 million RMB, an increase of 27.58%[21]. - In 2021, the company achieved operating revenue of 2.811 billion RMB, a year-on-year increase of 48.66%[16]. - The company reported a revenue of ¥2,810,556,214.32, representing a 48.66% increase compared to ¥1,890,574,260.67 in the same period last year[23]. Research and Development - Research and development expenses rose by 42.67% to ¥107,390,618.97, up from ¥75,274,310.61, reflecting the company's commitment to increasing R&D investment[23][29]. - The company’s R&D investment accounted for 3.82% of its total revenue, indicating a strategic focus on innovation[30]. - The number of R&D personnel constituted 10.90% of the total workforce, highlighting the company's emphasis on research and development capabilities[31]. Assets and Liabilities - Total current assets increased to ¥3,551,377,295.62 in 2021, up from ¥2,833,248,348.10 in 2020, representing a growth of approximately 25.4%[107]. - Accounts receivable rose to ¥875,537,329.26 in 2021, compared to ¥667,884,790.72 in 2020, indicating an increase of about 31.1%[107]. - Inventory increased significantly to ¥588,012,208.31 in 2021, up from ¥363,297,629.75 in 2020, reflecting a growth of approximately 61.9%[107]. - Total liabilities increased to ¥1,148,063,131.18 in 2021, up from ¥708,963,464.07 in 2020, which is an increase of approximately 62.1%[108]. Corporate Governance - The company has implemented measures to ensure compliance with corporate governance standards, holding one annual general meeting and four board meetings during the reporting period[43]. - The audit committee monitored the preparation of all periodic reports in 2021, ensuring thorough communication with the responsible accountants[44]. - The company has maintained a transparent information disclosure policy, adhering to principles of fairness and timeliness in reporting[44]. - The company has not reported any significant differences in governance compared to regulatory requirements, ensuring compliance with relevant laws and regulations[43]. Environmental and Social Responsibility - The company has implemented pollution control facilities, including bag filters and soundproofing equipment, all of which are operating normally[69]. - The company has constructed a solar photovoltaic power station with a capacity of 2.4 MW, generating approximately 3.6 million kWh annually, contributing to carbon emission reduction[72]. - The company actively respects and protects the rights of stakeholders, including creditors and employees, while focusing on social responsibility and environmental protection[44]. Financial Management - The company has a strong focus on fixed income products, with various offerings yielding returns between 2.500% and 3.600%[80][81]. - The company has successfully implemented a strategy of recovering investments across multiple financial products, demonstrating effective asset management[80][81]. - The total amount of entrusted financial management products indicates a robust investment strategy and market confidence[80]. Future Outlook - The company plans to maintain stable revenue growth in 2022 while expanding into global new energy markets, including electric vehicles and photovoltaics[41]. - Future industry trends indicate a shift towards high-temperature, high-energy density, and customized electronic components, which the company is well-positioned to capitalize on[17][18].