GEM-YEAR(SH:601002)2022-04-19 16:00Financial Performance - The net profit attributable to shareholders for 2021 was CNY 215,111,145.83, with the parent company achieving a net profit of CNY 172,198,922.79[5]. - In 2021, the company's operating revenue reached ¥2,873,865,196.96, representing a year-on-year increase of 13.96% compared to ¥2,521,879,333.89 in 2020[20]. - The net profit attributable to shareholders was ¥215,111,145.83, a decrease of 57.18% from ¥502,378,337.90 in 2020[20]. - The basic earnings per share decreased by 60.71% to ¥0.22 from ¥0.56 in 2020[21]. - The weighted average return on equity fell to 5.32%, down 9.29 percentage points from 14.61% in 2020[21]. - The net cash flow from operating activities was ¥90,953,128.40, a significant decline of 80.92% compared to ¥476,759,166.32 in 2020[20]. - The net profit after deducting non-recurring gains increased by 58.93% to ¥200,079,278.58, driven by increased overseas market sales[42]. - The company reported a substantial increase in overseas sales, particularly in the Americas, due to heightened demand for fasteners amid the pandemic[31]. Shareholder Returns and Profit Distribution - The company plans to allocate CNY 154,979,030.51 for distribution to shareholders, alongside retained earnings of CNY 773,072,149.60, resulting in a total distributable profit of CNY 928,051,180.11[5]. - The company will not distribute profits or increase capital reserves in 2021 to ensure adequate cash flow for ongoing technical transformation projects[5]. - The company plans to distribute cash dividends of 0.5 yuan per 10 shares, totaling approximately 47.56 million yuan, which represents 9.47% of the net profit attributable to shareholders for the year 2020[154]. - The company reported a positive profit for the reporting period, with profits available for distribution to shareholders, but no cash profit distribution plan was proposed due to ongoing capital projects and the need to ensure reasonable cash flow for stable operations[157]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[6]. - The company has detailed potential risks in its management discussion and analysis section, highlighting strategies to address these risks[7]. - The company acknowledges risks related to macroeconomic fluctuations and plans to adjust its product structure and enhance quality control to mitigate these risks[94]. - The company has committed to improving compliance with information disclosure regulations following regulatory warnings[126]. - The company has implemented measures to strengthen internal controls and improve compliance with information disclosure regulations[128]. Technological Development and Innovation - The company has increased its investment in technological upgrades to capitalize on economic growth opportunities[31]. - The company continues to focus on technological upgrades and product innovation, aiming to improve operational efficiency and product structure[37]. - The company is committed to continuous technological innovation to maintain its competitive edge, ensuring its products meet leading domestic and international standards[95]. - The company is upgrading the high-end firmware manufacturing technology for new energy vehicle power batteries[135]. Market Position and Strategy - The company is a leading player in the fastener industry, producing a wide range of high-quality fasteners and being the only domestic company capable of independently manufacturing a complete set of high-speed rail fastening components[36]. - The fastener industry is experiencing a shift from low-end to mid-to-high-end products, driven by the rapid development of the machinery and automotive industries in China[35]. - The company is actively exploring the new energy vehicle fastener market, becoming a qualified supplier for multiple traditional and new energy vehicle manufacturers, and has successfully entered the truck and machinery engineering sectors[32]. - The company plans to expand its customer base in the domestic general fastener market and increase its market share in the railway fastening market, particularly in high-speed rail and urban rail sectors[92]. Governance and Management - The company maintains a robust governance structure in compliance with relevant laws and regulations, ensuring shareholder rights are protected[99]. - The company has established an independent financial department with a separate accounting system and tax obligations, ensuring no interference from the controlling shareholder in financial decisions[102]. - The company has implemented a strict insider information management system to prevent misuse of confidential information and protect investor rights[101]. - The company has conducted multiple shareholder meetings, including the approval of the 2021 stock option and restricted stock incentive plan[106]. Environmental Responsibility - The company is committed to maintaining ecological balance and sustainable development through various environmental initiatives[181]. - The company has implemented measures to reduce carbon emissions through product technological upgrades[183]. - The company is classified as a key pollutant discharge unit in Zhejiang Province, with regular environmental monitoring and compliance with pollution discharge standards[170]. - The company has successfully passed various environmental inspections and maintained pollutant discharge within legal limits[171]. Related Party Transactions - The total amount of related party transactions between Jin Yi Industrial and Jin Yi Logistics was 382.7262 million yuan, with non-operating fund transactions amounting to 73.2 million yuan, totaling 455.9262 million yuan[127]. - The company has committed to fair and honest practices in transactions with related parties, ensuring no harm to shareholder interests[187]. - The company has not engaged in any direct or indirect transactions with related parties that could lead to conflicts of interest during the reporting period[187]. Internal Controls and Audit - The internal control system was continuously improved and refined, ensuring compliance with laws and regulations, and enhancing decision-making efficiency[164]. - The company received a standard unqualified opinion in the internal control audit report for the fiscal year 2021, conducted by Tianjian Certified Public Accountants[166]. - The audit committee expressed no objections to the financial statements and confirmed compliance with accounting standards[141].