AVIC SAC(SH:600760)2022-03-28 16:00Financial Performance - The net profit attributable to shareholders for 2021 was CNY 1,695,718,597.26, with the parent company achieving a net profit of CNY 1,461,664,063.50[4]. - The company's operating revenue for 2021 was CNY 34,088,358,707.71, representing a 24.79% increase compared to CNY 27,315,905,003.59 in 2020[16]. - The net profit attributable to shareholders for 2021 was CNY 1,695,718,597.26, a 14.56% increase from CNY 1,480,199,037.07 in 2020[16]. - The net cash flow from operating activities for 2021 was CNY 10,094,886,730.18, up 59.73% from CNY 6,319,894,352.62 in 2020[16]. - The total assets at the end of 2021 were CNY 62,780,477,436.26, a significant increase of 91.09% from CNY 32,853,080,760.29 at the end of 2020[16]. - The basic earnings per share for 2021 was CNY 0.87, reflecting a 14.47% increase from CNY 0.76 in 2020[17]. - The weighted average return on equity for 2021 was 15.42%, slightly up from 15.38% in 2020[17]. - The net profit after deducting non-recurring gains and losses for 2021 was CNY 1,596,553,426.63, a 69.93% increase from CNY 939,529,087.96 in 2020[16]. - The total revenue for 2021 reached 985.6 million, an increase compared to previous years[75]. - The total comprehensive income for 2021 was CNY 1,689,108,551.76, up from CNY 1,507,995,019.58 in 2020, marking a growth of 12.0%[178]. Dividend Distribution - The proposed cash dividend distribution is CNY 3.5 per 10 shares, totaling CNY 686,190,749.65 (including tax), which represents 47% of the net profit attributable to shareholders for the year[4]. - The company plans to distribute a cash dividend of 3.5 yuan per 10 shares, totaling approximately 686.19 million yuan, which represents 47% of the net profit attributable to shareholders for the year[95]. Risk Management - The company has detailed potential risks in its annual report, which investors should pay attention to[8]. - The annual report emphasizes the importance of investment risk awareness regarding forward-looking statements[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company has confirmed that there are no dissenting opinions from the supervisory board regarding risk supervision during the reporting period[90]. Research and Development - Research and development expenses surged by 130.34% to CNY 662,501,647.46, reflecting increased investment in innovation[32]. - The total R&D expenditure was CNY 662.90 million, accounting for 1.94% of operating revenue[41]. - The number of patents filed increased by 66% year-on-year, showcasing enhanced technological innovation capabilities[24]. - The company is committed to technological innovation and aims to mitigate risks associated with new product development and research costs[64]. Corporate Governance - The company has established a digital-driven production operation management platform, enhancing supply chain management capabilities[23]. - The company aims to implement a three-year reform action plan to enhance corporate governance and value management systems[24]. - The company has received an A-level rating for information disclosure for three consecutive years, demonstrating its commitment to transparency[68]. - The company held 12 board meetings and 7 supervisory meetings during the reporting period, ensuring compliance with governance regulations[67]. - The company has implemented measures to maintain independence from its controlling shareholder in terms of assets, personnel, and operations[70]. Environmental Responsibility - The company invested approximately 76.45 million yuan in environmental protection measures, including upgrades to waste treatment facilities and pollution monitoring[110]. - The company reported emissions of 2.74 tons of sulfur dioxide and 4.265 tons of nitrogen oxides, both compliant with national standards[108]. - The company has maintained a zero record of environmental violations during the reporting period[108]. - The company conducted 30 training sessions on environmental management systems, significantly enhancing employee awareness of energy conservation and environmental protection[113]. Strategic Goals - The company aims to align with the "Two-Step" strategic goal of becoming a world-class aviation industrial group by 2035 and a leading global aviation industry player by the mid-21st century[58]. - The company aims to enhance its role in national defense and military modernization, aligning with the strategic goals of becoming a strong aviation power[48]. - The company is adapting to new requirements for high-quality, efficient, and sustainable equipment development in response to military reforms[49]. Financial Transactions - The company reported a total of 1,726,590.60 thousand CNY in actual transactions for purchasing raw materials from related parties, against an estimated amount of 1,916,278.91 thousand CNY for 2021, representing an execution rate of approximately 90%[129]. - The actual sales to related parties amounted to 321,408.43 thousand CNY, compared to an estimated 376,665.98 thousand CNY, achieving about 85% of the forecasted sales[129]. - The company reported a total of 100,000,000 RMB in credit extended to a related party, AVIC Group Finance Co., Ltd.[136]. Shareholder Information - The total number of shares increased from 1,400,389,285 to 1,960,544,999 after a capital reserve conversion of 560,155,714 shares[147]. - The top shareholder, China Aviation Industry Corporation, holds 1,295,954,439 shares, representing 66.10% of the total shares[149]. - The company had a total of 114,390 common shareholders at the end of the reporting period, down from 140,488 the previous month[147].