FIRMACO(SH:600967)2022-04-25 16:00Financial Performance - The company's operating revenue for 2021 was ¥13,816,275,502.45, representing a 4.40% increase from ¥13,234,086,967.07 in 2020[20]. - The net profit attributable to shareholders of the listed company was ¥746,575,048.74, an increase of 13.78% compared to ¥656,139,349.53 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥689,442,529.77, up 8.85% from ¥633,395,411.92 in 2020[20]. - The net profit attributable to shareholders of the listed company for 2021 was ¥727,675,048.74, with a year-on-year increase of 12.82% from ¥645,000,000.00 in 2020[26]. - The basic earnings per share for 2021 was ¥0.44, up 12.82% from ¥0.39 in 2020[23]. - The total assets at the end of 2021 amounted to ¥31,580,103,590.62, representing a 4.68% increase from ¥30,167,736,195.37 at the end of 2020[23]. - The weighted average return on equity for 2021 was 7.43%, an increase of 0.50 percentage points compared to 6.93% in 2020[23]. - The company achieved an annual revenue of 13.816 billion yuan, representing a year-on-year growth of 4.40%, with the main business revenue at 13.619 billion yuan, up 4.32% from the previous year[39]. - The net profit attributable to shareholders reached 747 million yuan, marking a 13.78% increase compared to the same period last year, with a net profit margin of 5.43%[41]. - Total profit reached 836 million yuan, with a year-on-year increase of 13.83%[55]. Dividends and Share Capital - The company plans to distribute a cash dividend of ¥1.75 per 10 shares (including tax), totaling approximately ¥298,244,067.98 based on the total share capital of 1,704,251,817 shares as of December 31, 2021[5]. - The company has not proposed any capital reserve transfer to increase share capital for the current year[5]. - The company’s total share capital as of December 31, 2021, was 1,704,251,817 shares[5]. - The cash dividend distribution plan is subject to approval at the annual general meeting of shareholders[182]. Operational Performance - The net cash flow from operating activities for 2021 was ¥635,938,171.41, a decrease of 85.81% compared to the previous year, primarily due to changes in the settlement mechanism and reduced advance payments received[23]. - The revenue for the fourth quarter of 2021 was ¥5,683,820,652.36, contributing significantly to the annual performance[26]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥709,442,350.75, reflecting a solid operational performance[26]. - The company achieved a record in military product orders, exceeding ¥10 billion for the past two years, indicating strong demand in the defense sector[36]. - The company completed multiple key military equipment production tasks, including significant projects for military exhibitions and competitions[36]. Research and Development - Research and development expenses increased by 16.09% to CNY 422,778,840.39 from CNY 364,193,110.58 year-on-year[56]. - The total R&D investment accounted for 3.06% of the operating revenue, with no capitalized R&D expenses reported[67]. - The company has 491 R&D personnel, representing 6.87% of the total workforce[68]. - The company has made progress in key technology research and development, with several national key projects underway[37]. - The company is committed to high-quality development, aiming to become a leading source of original technology in the defense sector and to strengthen its role in various industrial chains[105]. Environmental and Social Responsibility - The company completed 67 energy-saving projects, resulting in a reduction of 2,100 tons of standard coal and a decrease of 6,900 tons of carbon dioxide emissions[38]. - The company has introduced a new safety management method, "433," and completed all 23 pollution control projects as part of its environmental protection initiative[38]. - The company achieved over 300 units in foreign trade vehicle sales and generated more than 250 million yuan in revenue from emergency rescue products[113]. - Overall, the company remains committed to sustainable practices, with plans to reduce carbon emissions by 20% over the next three years[141]. Governance and Management - The board of directors consists of 13 members, with 10 currently in office, including 6 independent directors, meeting legal requirements for composition[122]. - The company has established four specialized committees under the board, ensuring independent directors hold majority positions in the nomination and remuneration committee and the audit risk prevention committee[122]. - The company has not experienced any interference from its controlling shareholder in operational decisions, maintaining independence in its business operations[123]. - The company has implemented an initial equity incentive plan, which sets rigid constraints on key operational indicators and industry benchmarks for the next three years, posing significant challenges for performance growth[118]. - The company has established a compensation committee to recommend remuneration for directors and senior management[152]. Strategic Outlook - The company is positioned to benefit from the modernization of national defense and military under the "14th Five-Year Plan," supporting a stable growth cycle[1]. - The national defense budget for 2022 increased by 7.1% compared to the previous year, with a focus on modernizing weaponry, providing stable demand expectations for military enterprises[83]. - The company aims to accelerate the modernization of national defense and military capabilities, focusing on the integration of mechanization, information technology, and intelligence[104]. - The company is focused on enhancing its competitive edge in the defense industry amidst increasing international competition and trade tensions[83]. - The company is considering strategic acquisitions to bolster its market position, with a target of acquiring at least one complementary business by Q1 2024[141].