上工申贝(600843) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company achieved a consolidated net profit of ¥83,060,248.64, with a net profit attributable to shareholders of ¥61,677,084.30, representing a decrease of 26.98% compared to 2020[5]. - The company's operating revenue for 2021 was ¥3,124,521,536.79, reflecting a year-on-year increase of 1.95%[22]. - The net cash flow from operating activities decreased significantly by 76.28% to ¥75,891,883.26 in 2021 compared to the previous year[22]. - The company reported a net profit excluding non-recurring gains and losses of ¥39,858,311.61, down 15.88% from the previous year[22]. - The company’s weighted average return on net assets decreased by 1.27 percentage points to 2.36%[24]. - The company reported a significant decrease in net cash flow from operating activities, down 76.28% to ¥75,891,883.26[60]. - The company’s financial performance indicates a focus on asset restructuring and strategic divestitures to enhance operational efficiency[93]. Assets and Investments - The total assets of the company at the end of 2021 were ¥5,436,627,872.44, an increase of 16.25% from the end of 2020[22]. - The net assets attributable to shareholders increased by 32.43% to ¥3,110,244,356.73 at the end of 2021[22]. - The long-term equity investment increased by 102.64% to ¥576,391,986.62 compared to the previous year[81]. - The company completed a non-public offering of 164,576,880 shares at a price of 4.95 RMB per share, raising approximately 797 million RMB for future projects[31]. - The company reported a significant increase in contract assets by 187.08% to ¥18,732,645.90 compared to the previous year[81]. - The company has ongoing investments in various projects, including a special sewing equipment manufacturing project with an investment of 39,500,000 yuan, currently under construction[91]. Market and Sales - The company expanded its market presence by developing sales channels in Southeast Asia, South America, Africa, and the South Pacific[32]. - The total import and export trade volume of sewing machinery products in 2021 reached $4.108 billion, a year-on-year increase of 23.16%[46]. - The export value of sewing machinery products in 2021 was $3.145 billion, a year-on-year increase of 33.12%, marking a historical high for the industry[48]. - Domestic sales of sewing equipment increased by approximately 73.65% in 2021, with industrial sewing equipment domestic sales estimated at 360,000 units, a year-on-year growth of 57.2%[44]. - The company is actively pursuing market expansion through new technology development and strategic partnerships in the digital technology sector[90]. Research and Development - The company’s R&D expenses amounted to 112.72 million RMB, a decrease of 8.77% from the previous year[60]. - The number of R&D personnel is 255, accounting for 7.6% of the total workforce[74]. - Research and development investments increased by 30%, totaling 150 million RMB, aimed at enhancing product technology and efficiency[119]. - The company is investing in R&D, allocating 5% of its revenue towards developing new technologies and improving existing products[117]. Corporate Governance - The board of directors confirmed that all members attended the meeting and ensured the accuracy and completeness of the annual report[4]. - The company has maintained a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and protecting investor interests[111]. - The total pre-tax remuneration for key executives during the reporting period amounted to CNY 591.65 million, with no changes in shareholdings for the majority of directors and executives[116]. - The company held five board meetings in the year, with one in-person meeting and four conducted via communication methods[126]. Social Responsibility - The company donated 200,000 RMB to the Shanghai Charity Foundation Pudong Branch in 2021[155]. - The company provided 15 Butterfly brand smart sewing machines to the residents of Pangda Village in Tibet to support local economic development[155]. - The company actively participated in community service activities, including blood donation and volunteer services in Shanghai[154]. - The company has maintained a commitment to social responsibility and has not engaged in activities detrimental to social or environmental interests[154]. Future Outlook - The company expects a revenue decline of 15%-20% in 2022, returning to levels between 2018-2019 due to weakened market demand and high base effects from 2021[97]. - The company aims to achieve a revenue target of 3.46 billion yuan and a net profit of 100 million yuan in 2022, with a basic earnings per share of 0.18 yuan[106]. - The company plans to launch its first flagship "Butterfly Shared Factory" in 2022 to empower the shoe and clothing industry through digital and intelligent solutions[102]. - The company anticipates a gradual recovery in demand for mid-to-high-end sewing equipment as investment in the garment industry shows signs of recovery, with manufacturing investment up 20.9% year-on-year in early 2022[101].