克劳斯(600579) - 2021 Q4 - 年度财报

Financial Performance - The company reported a consolidated net profit of -245,967,428.01 RMB for the year 2021, with a decrease in net profit attributable to shareholders of -151,439,588.16 RMB compared to the previous year[5]. - Total revenue for 2021 was 9,854,901,989.18 RMB, reflecting a slight increase of 0.39% from 2020[20]. - The company's basic earnings per share for 2021 was -0.34 CNY, a decrease from -0.28 CNY in 2020[22]. - The net loss attributable to shareholders increased in 2021, with a total loss of 129.37 million CNY in Q1 and 23.59 million CNY in Q4[26][32]. - The overall gross profit margin for the company decreased by 1.31 percentage points to 19.82%[70]. - The company's operating revenue for the current period is approximately ¥9.85 billion, representing a year-on-year increase of 0.39% compared to ¥9.82 billion in the same period last year[67]. - The net profit attributable to shareholders was RMB -246 million, with a basic earnings per share of RMB -0.34, a decrease of RMB 0.06 year-on-year[64]. Cash Flow and Assets - The operating cash flow net amount for 2021 was 672,760,794.12 RMB, representing a significant increase of 358.43% compared to 2020[21]. - Cash and cash equivalents increased by 22.66% to ¥1,407,063,584.52, representing 8.28% of total assets, due to higher cash inflows from operating activities[85]. - The net cash flow from operating activities surged by 358.43%, reaching approximately ¥672.76 million, compared to ¥146.75 million in the previous year[67]. - The company's total assets as of the end of 2021 were 16,995,710,523.16 RMB, an increase of 6.18% from the previous year[21]. - The company's asset-liability ratio rose to 71.43%, an increase of 4.60 percentage points from 2020[65]. Market and Business Development - The company is focusing on expanding into new markets, including electric vehicles and circular economy applications, to capture emerging demand[32]. - New orders and backlog orders showed significant recovery compared to 2020, indicating a positive trend in demand[22]. - In 2021, the company signed new orders totaling 11.695 billion RMB, a year-on-year increase of 25.82%[33]. - KM Group's new orders in the automotive sector reached 259 million EUR, a growth of 39.32% compared to 2020[34]. - The packaging sector saw a significant increase, with new machine sales orders of approximately 200 million EUR, up 114.80% year-on-year[34]. - The company is focusing on optimizing product layout and accelerating the modular transformation of injection molding business, while enhancing digital services to improve value creation capabilities[41]. Operational Risks and Challenges - The company faced challenges from the ongoing COVID-19 pandemic, impacting global economic conditions and supply chains[32]. - The company faced supply chain challenges, particularly in semiconductor and control chips, impacting production capabilities[35]. - The company reported a decline in profitability due to oversupply in the sulfur machine industry and intense market competition, leading to low gross margins and losses from export order disruptions caused by the pandemic[43]. Research and Development - Research and development expenses rose by 32.46% to approximately ¥256.46 million, driven by increased innovation efforts from key subsidiaries[67]. - Total R&D investment amounted to ¥374,663,497.95, representing 3.80% of total revenue, with capitalized R&D accounting for 31.55% of the total[79]. - The company is committed to technological innovation, focusing on strategic business areas and increasing R&D investment to enhance its competitive edge in emerging markets[41]. Corporate Governance - The company established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring clear responsibilities among its governing bodies and management[117]. - The board of directors consists of 9 members, including 3 independent directors, who actively participate in decision-making and oversight[118]. - The company has implemented measures to prevent related party transactions from harming its interests, ensuring fairness and transparency[119]. - The company strictly adheres to information disclosure regulations, ensuring accurate, complete, and timely information is provided to all investors[119]. Environmental and Social Responsibility - The company has established a comprehensive environmental protection management system, achieving all set targets for noise emissions and solid waste recovery in 2021[157]. - The company was recognized as a green factory by the Gansu Provincial Department of Industry and Information Technology in May 2021[158]. - The company has engaged in social responsibility initiatives, including a consumption poverty alleviation program that contributed 446,000 yuan to support local farmers in Gulang County in 2021[166]. Future Outlook - The company is expected to maintain a strong growth trend in the rubber machinery industry in 2022, despite challenges in profitability due to low order prices[92]. - The company plans to initiate a share buyback program with cash not less than 10% of the net profit achieved in the consolidated financial statements for the year[169]. - KM Group aims to make the Chinese market its largest single market by 2024, focusing on localizing high-cost performance products[104].