AHHL(SH:600761)2022-03-11 16:00Financial Performance - In 2021, Anhui Heli achieved a record high in key performance indicators including operating revenue, production and sales volume, and complete vehicle exports, marking a strong start to the "14th Five-Year Plan" period[6]. - The company achieved operating revenue of CNY 15.42 billion in 2021, a year-on-year increase of 20.47%[36]. - The net profit attributable to shareholders was CNY 633.94 million, representing a decrease of 13.40% compared to the previous year[36]. - The company’s cash flow from operating activities was CNY 647.52 million, down 29.78% from the previous year[36]. - Operating costs amounted to 12.93 billion RMB, reflecting a year-on-year increase of 22.86%[105]. - The basic earnings per share decreased to CNY 0.86, down 13.13% from the previous year[39]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the last fiscal year, representing a growth of 15% year-over-year[166]. - The company plans to achieve a sales revenue of approximately ¥16.8 billion in 2022, with a target to control expenses at around ¥1.8 billion[146]. Growth and Development - Anhui Heli has experienced significant growth in forklift production, reaching over 30,000 units sold per month, compared to 10,000 units produced over 30 years from 1963 to 1993[7]. - The company has a history of nearly 64 years in the industry, evolving from a few million RMB in output in 1978 to a sales target of over 100 billion RMB[7]. - The company sold 274,800 units of machinery, marking a 24.53% year-on-year growth in sales volume[52]. - The company launched a total of 362 new product models during the reporting period, including 52 electric new energy series products, and introduced a full range of 1-46 ton internal combustion models and next-generation lithium battery products[97]. - The company achieved significant sales growth in its electric ride-on warehouse forklift series in 2021, with products covering a tonnage range of 1.2-2.5 tons, widely used in industries such as tobacco, food, and textiles[76]. - The company is expanding its investment in high-end casting and intelligent manufacturing bases, enhancing the supply capacity of key components[63]. Research and Development - The company is focused on innovation-driven development, aiming to provide high-quality, low-carbon, intelligent, and connected solutions to its users[9]. - The company obtained 584 patent authorizations in 2021, including 4 invention patents, and completed 70 technical research projects[55]. - Research and development expenses increased by 32.01% to 711 million RMB, primarily due to increased R&D investment[109]. - The company employed 1,771 R&D personnel, accounting for 21.02% of the total workforce[124]. - In 2021, the R&D investment reached 712 million RMB, focusing on new technologies such as lithium batteries and hydrogen energy[124]. - The company plans to focus on electric, systematic, and intelligent research and development during the "14th Five-Year Plan" period, aiming to build a new development ecosystem[145]. Corporate Governance - The company’s board of directors and management have confirmed the accuracy and completeness of the annual report, ensuring no significant omissions or misleading statements[12]. - The company has maintained a clear governance structure, ensuring effective checks and balances among the board of directors, supervisors, and management[152]. - There were no significant differences between the company's governance practices and the regulations set forth by the China Securities Regulatory Commission[152]. - The company has adhered to all relevant approval procedures for major investments and related transactions during the reporting period[152]. - The company has established a performance evaluation system for its managerial staff, linking remuneration to performance outcomes[175]. Market Expansion - The international market revenue reached 2.96 billion CNY, reflecting a year-on-year growth of 56.15%, with total machine exports hitting 63,800 units, up 70.42%[55]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[166]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30%[166]. - The company has established a comprehensive marketing service system with 24 provincial marketing agencies and nearly 500 secondary and tertiary service networks, providing services to over 150 countries and regions globally[97]. Sustainability and Social Responsibility - The company emphasizes green and low-carbon development, continuously fulfilling corporate social responsibility and receiving multiple awards for its contributions[102]. - The company is committed to sustainability, with a goal to reduce carbon emissions by 20% over the next three years[166]. - The company actively engaged in corporate social responsibility, receiving recognition as an "A-level unit" for information disclosure and ranking in the top 100 for ESG in A-share companies[67]. Financial Management - The company plans to establish a wholly-owned subsidiary, Anqing Heli Axle Co., Ltd.[184]. - The company approved a comprehensive credit line application of 3 billion yuan to banks[184]. - The company reported a financial write-off for part of its loader business accounts receivable losses[184]. - The company’s trading financial assets rose by 59.62% to approximately 232.01 million RMB, mainly due to increased investment in financial products[130]. Employee Management - The company has a total of 8,427 employees, with 3,515 in the parent company and 4,912 in major subsidiaries[196]. - The professional composition includes 4,167 production personnel, 993 sales personnel, and 1,771 technical personnel[196]. - The company has established a competitive salary management system, providing annual salary adjustments and promotion opportunities for outstanding employees[196].