BAMC(SH:601137)2022-04-18 16:00Financial Performance - The company achieved a net profit attributable to shareholders of the parent company of ¥310,250,751.82 in 2021, with a net profit of ¥134,194,049.63 for the parent company[5]. - The proposed cash dividend distribution is ¥1.20 per 10 shares, totaling ¥94,645,316.64, which represents 30.51% of the net profit attributable to shareholders of the parent company[5]. - The total cash dividend distribution for 2021, including share repurchase amounts, is ¥108,901,110.88, accounting for 35.10% of the net profit attributable to shareholders of the parent company[5]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the fiscal year, representing a growth of 20% year-over-year[19]. - The company's operating revenue for 2021 was approximately ¥10.04 billion, representing a year-over-year increase of 32.27% compared to ¥7.59 billion in 2020[27]. - The net profit attributable to shareholders for 2021 was approximately ¥310.25 million, a decrease of 27.66% from ¥428.90 million in 2020[27]. - The net profit after deducting non-recurring gains and losses was approximately ¥248.28 million, down 37.91% from ¥399.88 million in 2020[27]. - The net cash flow from operating activities for 2021 was approximately ¥126.00 million, a significant decline of 59.90% compared to ¥314.24 million in 2020[27]. - The total assets of the company have increased to 3 billion CNY, reflecting a growth of 25% from the previous year[19]. - The gross margin for the year was reported at 30%, a slight increase from 28% in the previous year[19]. Dividend Policy and Shareholder Returns - The company plans to maintain its dividend distribution ratio even if the total share capital changes before the dividend record date[5]. - The company has a cumulative distributable profit of ¥1,979,673,991.25, including retained earnings from the previous year[5]. - The company has established a cash dividend policy, ensuring that cash dividends account for at least 30% of the average distributable profit over the last three years[192]. Risks and Compliance - The company has no significant risks that could materially affect its operations during the reporting period[8]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[5]. - The company has not violated decision-making procedures for providing guarantees[5]. - The company acknowledges risks related to rising raw material prices, particularly for copper, zinc, nickel, and tin, which significantly impact production costs[139]. - The company has implemented a hedging management system to mitigate risks from fluctuations in the fair value of raw material procurement contracts and finished product sales orders[140]. - The company has not faced any penalties from securities regulatory authorities in the past three years[174]. Market Expansion and Strategic Initiatives - The company is expanding its market presence, targeting new regions in Southeast Asia, with an investment of 100 million CNY allocated for this expansion[19]. - A strategic acquisition of a local competitor is in progress, expected to enhance market share by 10% upon completion[19]. - The company aims to enhance its competitive edge in the high-end non-ferrous metal alloy materials sector through continuous R&D investment and the introduction of talented personnel[118]. - The company is focusing on mergers and acquisitions in the new materials sector to strengthen its leading position in the industry[124]. - The company is exploring potential mergers and acquisitions to strengthen its market presence and diversify its offerings[168]. Research and Development - The company plans to invest 50 million CNY in R&D for new technologies in photovoltaic cells, aiming to improve efficiency by 5%[19]. - The company has established a digital R&D platform that integrates market research, technology development, and customer application research, enhancing its innovation capabilities[57]. - The company has applied for a total of 341 invention patents, with 247 granted and 134 currently valid, including patents in the US, Europe, Japan, South Korea, and Taiwan[69]. - The company is actively developing new products and materials to maintain its technological and R&D advantages in the new materials sector[140]. - The company has a total of 529 R&D personnel, contributing to its innovation and product development efforts[186]. Operational Efficiency and Cost Management - The company has implemented a new hedging strategy to mitigate price risks in the copper market, which is expected to stabilize costs[19]. - The company aims to improve operational efficiency and cost management as part of its new strategies[158]. - The company is investing in new technologies to improve operational efficiency and reduce costs[168]. - The company has a competitive salary structure compared to peers in the industry, aimed at attracting and retaining talent[188]. Corporate Governance and Management - The company held its 2020 Annual General Meeting on May 2021, where key resolutions included the approval of the 2020 Annual Financial Report and the profit distribution plan[152]. - The company’s total pre-tax remuneration for the Chief Engineer was 52.5 million CNY for the reporting period[155]. - The company has implemented a multi-level and multi-dimensional long-term incentive mechanism to enhance employee performance and engagement[188]. - The company held a total of 7 board meetings during the year, with 2 being in-person meetings and 5 combining in-person and communication methods[178]. - The company appointed new executives, including a president and three vice presidents, as part of the fifth board of directors' appointments[170]. Future Outlook - The company has set a future outlook with a revenue target of 1.8 billion CNY for the next fiscal year, indicating an expected growth of 20%[19]. - Future performance guidance indicates a projected revenue growth of approximately 15% for the upcoming fiscal year[168]. - The company aims to achieve a net profit margin of 18% by the end of the fiscal year, up from 15%[163]. - The company is committed to sustainability initiatives as part of its long-term growth strategy[158].