远东股份(600869) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company achieved a total revenue of 20.871 billion yuan, representing a year-on-year growth of 5.39%[2] - The net profit attributable to shareholders reached 531 million yuan, marking a significant increase of 131.39% compared to the previous year[2] - Operating cash flow for the year was 1.103 billion yuan, indicating strong liquidity management[2] - The company's operating revenue for 2021 was approximately CNY 20.87 billion, an increase of 5.39% compared to CNY 19.80 billion in 2020[29] - The net profit attributable to shareholders for 2021 was CNY 530.90 million, a significant recovery from a loss of CNY 1.69 billion in 2020, representing a 131.39% increase[29] - The net profit after deducting non-recurring gains and losses was CNY 316.70 million in 2021, compared to a loss of CNY 1.78 billion in 2020, marking a 117.75% improvement[29] - The company's total assets at the end of 2021 were approximately CNY 17.61 billion, up 4.44% from CNY 16.86 billion at the end of 2020[29] - The net assets attributable to shareholders increased by 17.51% to CNY 3.74 billion at the end of 2021, compared to CNY 3.18 billion at the end of 2020[29] - The basic earnings per share for 2021 was CNY 0.2392, a turnaround from a loss of CNY 0.7621 per share in 2020, reflecting a 131.39% increase[29] - The weighted average return on equity for 2021 was 15.34%, a significant increase of 57.22 percentage points from -41.87% in 2020[29] Research and Development - Research and development investment amounted to 530 million yuan, reflecting a year-on-year increase of 53.29%[2] - The weighted average return on net assets was 15.34%, demonstrating effective asset utilization[2] - Research and development expenses surged by 53.29% to CNY 53,040.27 million, reflecting the company's commitment to innovation[66] - Total R&D investment amounted to 530,402,705.99 yuan, accounting for 2.54% of operating revenue[82] - The company has established a joint laboratory with Huawei for smart airport development, leveraging its industry experience to enhance future R&D efforts[49] Market Position and Strategy - The company maintained its leadership in the smart cable network sector and was recognized as one of the top ten most competitive companies in the global cable industry[3] - The company plans to continue focusing on high-quality sustainable development and aims to be a global leader in its industry by 2022[4] - The company is actively expanding its market share in smart grids, clean energy, and green buildings, contributing to national energy-saving and emission-reduction policies[41][42] - The company is advancing the construction of a high-end marine cable equipment industrial base, improving its core competitiveness in the marine engineering sector[42] - The company is focusing on international household energy storage projects, with a notable order of CNY 43.36 million for European household energy storage and an additional order of CNY 228 million in 2022[47] Operational Highlights - The intelligent cable network segment generated revenue of RMB 18.114 billion, a year-on-year increase of 5.24%, with a net profit of RMB 667 million, up 66.02%[41] - The company achieved revenue of CNY 5.39 billion in lithium batteries, a year-on-year increase of 44.79%, with a net loss of CNY 403 million, reducing losses by CNY 864 million year-on-year[47] - The company reported revenue of CNY 4.57 billion in lithium battery copper foil, a year-on-year increase of 23.16%, with net profit of CNY 47 million, a year-on-year increase of 1,443.65%[48] - The company’s smart airport segment, 京航安, generated revenue of CNY 1.565 billion, with a net profit of CNY 120 million, and signed contracts totaling CNY 2.056 billion, a historical high[49] Future Outlook - The company plans to continue expanding its market presence and invest in new technologies to enhance its product offerings[29] - The company anticipates a rapid growth in demand for lithium batteries driven by the electric vehicle and energy storage markets, despite challenges such as raw material shortages[110] - The company aims to achieve a leading position in the smart energy and smart city services sector, focusing on product and capital operations, and enhancing both domestic and international market presence[114] - In 2022, the company plans to focus on high-quality development and aims to be a top player in its industry, aligning with national strategies like "carbon peak" and "carbon neutrality"[115] Corporate Governance and Management - The company has established a sound corporate governance structure, ensuring clear responsibilities among the shareholders' meeting, board of directors, and supervisory board[128] - The total pre-tax remuneration for all listed directors and supervisors during the reporting period amounted to 560.23 million yuan[136] - The company has established a performance evaluation mechanism for senior management, linking their compensation directly to company performance, with evaluations conducted quarterly[172] - The internal control evaluation report for the year 2021 indicates no major defects in financial reporting controls, maintaining effective internal controls in all significant aspects[175] Environmental and Social Responsibility - The company has committed to reducing carbon emissions and has actively participated in the national strategy for carbon peak and carbon neutrality[196] - The total wastewater discharge is 12,000 tons per annum, meeting the discharge standards without exceeding limits[181] - The total air pollutant discharge is 9.21 tons per annum, with concentrations meeting the required standards, indicating no exceedance of limits[181] - The company has implemented a strict energy management system, achieving recognition as a national-level green factory and a benchmark enterprise for green companies in China[192] - As of the end of the reporting period, the company has employed 1,201 disabled individuals and has assisted over 3,000 disabled individuals in finding employment, with a total investment of CNY 45.4052 million in 2021 for support programs[197]