SD(SH:600626)2022-04-28 16:00Financial Performance - The company's net profit for 2021 was -92,311,057.59 RMB, with a distributable profit of 362,470,966.83 RMB available for shareholders[7]. - The company's operating revenue for 2021 was approximately ¥10.55 billion, a decrease of 2.53% compared to ¥10.82 billion in 2020[23]. - The net profit attributable to shareholders of the listed company was ¥35.40 million, a significant recovery from a loss of ¥808.70 million in 2020[23]. - The basic earnings per share for 2021 was ¥0.0369, compared to a loss of ¥0.9488 per share in 2020, indicating a substantial improvement[24]. - The weighted average return on equity increased to 1.27% in 2021, up by 29.26 percentage points from -27.99% in 2020[24]. - The total profit for the company was 53.01 million RMB, a significant recovery from a loss of 867 million RMB in the previous year[35]. - The total net assets attributable to shareholders increased by 35.32% to approximately ¥3.28 billion at the end of 2021, compared to ¥2.42 billion at the end of 2020[23]. - The total revenue for 2021 was 1,055,041,000 CNY, which is an 8.26% decrease from the expected revenue of 1,150,000,000 CNY[110]. - The total profit for 2021 was 5,301,000 CNY, significantly lower than the expected 25,000,000 CNY, reflecting a 78.80% shortfall[110]. - The net profit attributable to the parent company for 2021 was 3,540,000 CNY, down 77.87% from the expected 16,000,000 CNY[110]. Dividend and Capital Management - A cash dividend of 0.1 RMB per 10 shares is proposed, totaling 11,079,787.10 RMB (including tax) for distribution to all shareholders[7]. - The company does not plan to increase capital reserves through stock conversion[7]. - The company approved a non-public issuance of A-shares, with specific details on issuance type, pricing, and use of raised funds outlined in the board meetings[144]. - The company plans to expand its market presence through a non-public issuance of A-shares, which is expected to enhance its capital structure and support future growth initiatives[144]. Audit and Compliance - The audit report issued by Lixin Certified Public Accountants confirmed the financial statements' accuracy and completeness[6]. - The company has engaged Lixin Certified Public Accountants for auditing services, ensuring compliance with financial regulations[21]. - The company held 1 extraordinary general meeting and 1 annual general meeting during the reporting period, ensuring compliance with relevant regulations and allowing shareholders to exercise their rights fully[119]. - The company maintains independence from its controlling shareholder in terms of personnel, assets, finance, organization, and business, ensuring autonomous operational capabilities[120]. - The board of directors consists of 9 members, including 3 independent directors, and operates through four specialized committees to provide professional opinions and references for decision-making[121]. Operational Highlights - The company completed a private placement of 255,687,394 shares in July 2021, increasing the total share capital from 852,291,316 to 1,107,978,710 shares[24]. - The automotive interior business generated revenue of 7.08 billion RMB, accounting for 67.22% of total revenue, with a profit loss of 330.23 million RMB[38]. - The textile new materials business reported revenue of 149.12 million RMB, with a total profit loss of 11.72 million RMB[38]. - The import and export trade business achieved revenue of 3.36 billion RMB, with a profit of 6.11 million RMB, marking a turnaround from previous losses[39]. - The company has established multiple R&D centers in China, the USA, and Germany, enhancing its ability to coordinate global R&D resources[51]. Risk Management - The company has outlined potential risks in its management discussion and analysis section[9]. - The company is addressing potential risks related to raw material price fluctuations, technology development, and currency exchange rates[115]. - The company is focused on enhancing its governance structure, as evidenced by the establishment of a remuneration decision-making process[142]. Environmental Responsibility - The company has implemented automatic online monitoring and third-party regular testing for environmental self-monitoring, with no administrative penalties for environmental issues during the reporting period[169]. - The company has established an emergency response plan for environmental incidents, with annual drills conducted in July 2021 and adjustments made in December 2021[168]. - The company has committed to ongoing environmental monitoring, with wastewater and noise tested annually and air emissions tested quarterly[171]. Workforce and Management - The company employed a total of 8,957 staff, with 72 in the parent company and 8,885 in major subsidiaries[154]. - The workforce includes 7,463 production personnel, 355 sales personnel, 633 technical personnel, 218 financial personnel, and 288 administrative personnel[154]. - The company has a training system that includes onboarding for new employees and professional development training[156]. - The company has maintained a stable management team with no significant changes in personnel[138]. Strategic Initiatives - The company plans to increase the proportion of new energy vehicles in its business, focusing on intelligent and lightweight automotive interior products[109]. - The company aims to enhance R&D investment in 2022 to strengthen its core competitiveness in the textile industry[109]. - The company plans to strengthen its supply chain integration and enhance cooperation with clients to support domestic and international dual circulation strategies[62].