NHPM(SH:601882)2022-03-22 16:00Financial Performance - In 2021, the company's operating revenue reached ¥2,730,486,727.61, a 67.30% increase compared to ¥1,632,063,155.17 in 2020[25]. - The net profit attributable to shareholders was ¥371,070,627.91, representing a significant increase of 168.46% from ¥138,221,240.35 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥343,409,754.21, up 192.37% from ¥117,457,783.77 in 2020[25]. - The company's total assets increased by 37.30% to ¥4,084,340,046.18 at the end of 2021, compared to ¥2,974,687,264.81 at the end of 2020[25]. - The basic earnings per share rose to ¥0.71, a 173.08% increase from ¥0.26 in 2020[25]. - The weighted average return on equity increased by 14.38 percentage points to 24.71% in 2021, compared to 10.33% in 2020[25]. - The company achieved record high domestic and overseas sales revenue in 2021, driven by increased equipment investment demand in aerospace, new energy, and export industries[36]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q4 2023, representing a year-over-year growth of 25%[148]. - The company achieved a net profit margin of 12%, translating to a net profit of around $144 million[154]. Dividend Distribution - The company plans to distribute a cash dividend of 3.56 RMB per 10 shares, totaling 185,832,000 RMB based on a total share capital of 522,000,000 shares[6]. - The company approved a cash dividend distribution plan for 2020, distributing 2.38 RMB per 10 shares, totaling 124,236,000 RMB[188]. - For 2021, the proposed cash dividend is 3.56 RMB per 10 shares, amounting to 185,832,000 RMB[188]. - The company plans to distribute at least 33% of its distributable profits as cash dividends each year, with a minimum of 40% in cases of significant investments or cash expenditures exceeding 200 million[182][183]. - The company has not made any adjustments to its cash dividend policy during the reporting period[187]. Risk Management - The company emphasizes that forward-looking statements do not constitute a commitment to investors, highlighting potential investment risks[7]. - The company has detailed various risks and countermeasures in its management discussion and analysis section[10]. - The company faces risks from economic cycles affecting fixed asset investments in downstream industries, which directly impact supply and demand in the machine tool sector[125]. - The ongoing global COVID-19 pandemic and geopolitical uncertainties pose risks to market demand and supply chain stability, potentially affecting the company's operational environment[130]. Corporate Governance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company maintains a commitment to the accuracy and completeness of its financial reports, as stated by its management[4]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5]. - The company has established a robust investor relations management system to ensure transparency and protect investor interests[135]. - The company has established effective control mechanisms for subsidiary management, financial status, and information disclosure[195]. - The company has actively conducted self-inspections and rectifications to enhance corporate governance and internal control management[196]. Research and Development - The company has a strong focus on R&D, holding 240 patents and collaborating with domestic research institutions[52]. - The company plans to increase R&D investment, particularly in developing new series of gantry machining centers and high-speed horizontal machining centers, to enhance product performance and competitiveness[123]. - The company is investing in R&D, with a budget increase of 30% for the upcoming fiscal year, focusing on innovative technologies[149]. - The company aims to gradually increase the proportion of variable compensation in total salary to effectively motivate employees[177]. Market Expansion - The company will strengthen domestic and international market expansion, with a focus on establishing an independent subsidiary in Indonesia to accelerate global marketing efforts[124]. - Market expansion plans include entering three new international markets by the end of 2024, projected to increase market share by 5%[149]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of acquiring at least two companies within the next year[149]. Operational Efficiency - The company plans to optimize production capacity through increased automation and improved supply chain capabilities, aiming to reduce labor intensity for workers[123]. - Operational efficiency improvements are expected to reduce costs by 10%, contributing to higher profit margins[149]. - The company reported a net profit margin of 15%, up from 12% in the previous year, reflecting improved operational performance[149]. Employee Management - The company reported a total of 1,883 employees, with 1,517 in the parent company and 366 in major subsidiaries[176]. - The company has established a competitive salary system, with total salary determined based on key operational indicators, ensuring a fixed salary and performance-based incentives[177]. - The company has a comprehensive training system to support employee development, covering various aspects including corporate culture and professional skills[180]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with major pollutants including wastewater, waste gas, noise, and solid waste[198]. - The wastewater discharge concentrations for COD, ammonia nitrogen, suspended solids, total phosphorus, and total zinc are 390 mg/L, 10.5 mg/L, 18 mg/L, 1.24 mg/L, and 0.18 mg/L respectively, all within the regulatory limits[199].