Luxin Co.,(SH:600783)2022-04-29 16:00Financial Performance - In 2021, the company achieved a total investment income of 8.07 billion yuan and a net profit attributable to shareholders of 509 million yuan, representing a year-on-year growth of 52%[4]. - The return on equity (ROE) reached 12.78%, marking a significant improvement in profitability[4]. - The company reported a significant increase in revenue, reaching 1.5 billion RMB, representing a 20% year-over-year growth[19]. - The company's operating revenue for 2021 was CNY 135,075,661.61, an increase of 11.78% compared to CNY 120,843,046.26 in 2020[29]. - The net profit attributable to shareholders for 2021 was CNY 509,159,531.45, reflecting a growth of 52.00% from CNY 334,969,891.59 in 2020[29]. - The basic earnings per share for 2021 was CNY 0.68, up 51.11% from CNY 0.45 in 2020[32]. - The company reported a gross margin of 40%, consistent with industry standards, indicating strong operational efficiency[19]. - The company reported a total revenue of 1,000 million, with a significant contribution from its investment activities[122]. Investment Activities - The company made external equity investments totaling 1.319 billion yuan, which is a 103% increase compared to the previous year[4]. - The company has identified 50 "specialized, refined, distinctive, and innovative" investment projects, indicating a focus on high-quality investments[4]. - The company completed 31 investment projects during the reporting period, with a total investment amount of ¥1.319 billion across various sectors including biomedicine and high-end equipment manufacturing[41]. - The total subscribed scale of funds and investment platforms established by the company reached ¥16.085 billion, with ¥11.552 billion in funds received by the end of the reporting period[41]. - The company has invested in 9 projects that successfully went public during the reporting period, including Guanzhong Ecology and XGIMI Technology[44]. - The company has a total of 27 proposed IPO projects, with 3 projects already approved and awaiting listing, and 4 projects accepted by the stock exchanges[46]. - The company has engaged KPMG for fair value estimation services for its investments[49]. - The company has established several investment funds, including a partnership with Yunnan Huaxin with a related transaction amount of RMB 60 million in July 2021[172]. Market Expansion and Strategy - The company plans to distribute cash dividends of 2.1 yuan per 10 shares, totaling 156.32 million yuan[9]. - Market expansion plans include entering two new regions, which are projected to increase market share by 10%[19]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 500 million RMB allocated for potential deals[19]. - A new marketing strategy is set to increase brand awareness by 30% over the next six months[19]. - The company plans to enhance its business layout in the Greater Bay Area through specialized investments, contributing 73 million RMB to the Wan Hai Luxin Venture Capital Partnership[95]. - The company aims to maintain its growth momentum and continue its transformation efforts in the coming year[4]. Research and Development - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product efficiency[19]. - The total R&D expenditure was 5,012,852.67 yuan, which is 3.71% of the operating revenue, with no capitalized R&D expenses[78]. - The company has a total of 23 R&D personnel, making up 5.48% of the total workforce, with a majority holding diplomas or below[79]. Risk Management and Compliance - The company has established a five-level risk management classification system to enhance risk management capabilities[53]. - The company is focused on building a risk monitoring system to enhance the specificity and operability of its risk management practices[106]. - The company has improved its corporate governance in accordance with relevant laws and regulations, ensuring compliance with the standards set by the China Securities Regulatory Commission[112]. - The company has committed to ensuring that its controlling shareholder and related parties will not engage in substantial competition with the company during the period of control[160]. Corporate Governance and Management - The company has committed to enhancing its internal control systems and governance structure to ensure sustainable and stable development[112]. - The company held four extraordinary general meetings in 2021, with key resolutions including the establishment of investment partnerships and adjustments to independent director remuneration[113]. - The company has a total of 10 senior management personnel, with their remuneration determined by the board of directors[129]. - The company has seen changes in senior management, with several appointments and resignations during the reporting period[129]. - The company’s management team includes several key personnel with significant experience, contributing to its operational effectiveness[119]. Environmental and Social Responsibility - The company has a pollution prevention facility with a dust removal efficiency of 99% and conducts annual emissions testing, consistently meeting standards[150]. - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental protection department[150]. - The company has purchased low-nitrogen burners and electric forklifts to comply with environmental regulations and reduce carbon emissions[154].