中国海防(600764) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 4,874,095,537.68, representing a year-on-year increase of 4.38% compared to CNY 4,669,646,918.06 in 2020 [21]. - The net profit attributable to shareholders for 2021 was CNY 848,893,798.95, which is a 13.49% increase from CNY 747,971,201.63 in 2020 [21]. - The net profit after deducting non-recurring gains and losses was CNY 815,305,463.89, up 13.46% from CNY 718,561,738.67 in the previous year [21]. - The net cash flow from operating activities reached CNY 608,557,056.11, a significant increase of 255.25% compared to CNY 171,306,150.40 in 2020 [21]. - The total assets at the end of 2021 were CNY 10,261,783,902.54, reflecting an 8.44% increase from CNY 9,462,736,708.05 at the end of 2020 [21]. - The basic earnings per share for 2021 was CNY 1.1946, which is an increase of 11.40% from CNY 1.0724 in 2020 [24]. - The weighted average return on equity for 2021 was 11.82%, a decrease of 0.19 percentage points from 12.01% in 2020 [24]. - The total profit reached 944 million RMB, an increase of 13.18% compared to the previous year [63]. - The company achieved a revenue of 4.874 billion RMB, representing a year-on-year growth of 4.38% [63]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 3.59 RMB per 10 shares, totaling approximately 255.12 million RMB (including tax) based on a total share capital of 710,629,386 shares [6]. - The company does not plan to issue bonus shares or convert capital reserves into share capital this year, pending approval from the shareholders' meeting [6]. - The board of directors has approved a dividend payout of 2 RMB per share, reflecting a commitment to returning value to shareholders [138]. - The cash dividend policy has not changed during the reporting period, reflecting a commitment to stable returns for shareholders [170]. - The company maintained a cash dividend policy, distributing at least 30% of the net profit attributable to shareholders as cash dividends, amounting to 224,558,885.98 CNY for the year 2020, which is 30.02% of the net profit [170]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, ensuring the accuracy and completeness of the financial report [5]. - The company has committed to ensuring the authenticity and completeness of the annual report, with key executives affirming the financial report's accuracy [4]. - There are no non-operating fund occupations by controlling shareholders or related parties, and no violations in decision-making procedures for external guarantees [8]. - The internal control audit for the 2021 financial report was conducted by a third-party firm, resulting in a standard unqualified opinion [179]. - The company emphasizes the importance of transparent information disclosure and compliance with regulatory requirements to maintain operational integrity [122]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, emphasizing the importance of investor awareness regarding these risks [8]. - The company faces potential risks from intensified industry competition as new entrants emerge in the defense product market [116]. - The company is also exposed to operational risks due to uncertainties in the international environment affecting the electronic information industry supply chain [116]. - The ongoing COVID-19 pandemic may impact production schedules and delivery timelines due to local government restrictions in affected areas [116]. - The company is focused on enhancing its risk prevention measures and ensuring compliance in operations while pursuing strategic initiatives [112]. Research and Development - In 2021, the company invested approximately CNY 492 million in R&D, representing a year-on-year increase of 6.34% [40]. - The company holds a total of 1,079 intellectual property rights, including 255 invention patents and 395 software copyrights, which support market expansion [40]. - The company achieved breakthroughs in multiple core technologies, including underwater communication and satellite navigation, enhancing its competitive edge [40]. - The company is investing heavily in R&D, with a budget allocation of 500 million RMB for new technologies and product development [138]. - The company employed a total of 1,228 R&D personnel, making up 33.75% of the total workforce [82]. Market and Business Strategy - The company operates under the stock code 600764 on the Shanghai Stock Exchange, previously known as 中电广通 [19]. - The company aims to strengthen its position in the marine defense electronic equipment sector, focusing on technological leadership and maintaining market share amid external competition [112]. - The strategic goal for the "14th Five-Year Plan" period is to establish the company as a leading platform in the domestic capital market for military industry, integrating marine defense and information countermeasure equipment [112]. - The company plans to expand its business into new sectors, including oil and gas equipment, smart cities, and intelligent manufacturing, leveraging national "14th Five-Year" projects and dual circulation strategies [115]. - The company anticipates stable growth in energy-related businesses and products due to favorable national policies and market conditions [109]. Social Responsibility - The company contributed a total of 1.3337 million yuan for poverty alleviation efforts in 2021 [191]. - The company supported the development of local industries in Yunnan by spending 458,100 yuan on consumption poverty alleviation products [191]. - The company has maintained a commitment to social responsibility, focusing on education and community support, with a total of 199,660 yuan donated to local schools [194]. - The company has established a "Qingdao Jerry Love Library" in Gansu Province, providing books and resources valued at nearly 30,000 yuan [194]. - The company has undertaken various social initiatives, including donations for education and support for impoverished areas [190].