SHBT(SH:603009)2022-04-07 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,737,863,037.53, representing an increase of 18.18% compared to CNY 1,470,479,133.27 in 2020[20]. - The net profit attributable to shareholders of the listed company reached CNY 65,093,361.55, a significant increase of 114.69% from CNY 30,319,662.68 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 53,249,397.98, up 161.58% from CNY 20,356,819.66 in 2020[21]. - The net cash flow from operating activities was CNY 75,414,130.22, reflecting a 7.49% increase from CNY 70,159,708.63 in 2020[21]. - Operating profit rose significantly by 250.89% to 60.47 million RMB, with a net profit attributable to shareholders of 65.09 million RMB[72]. - Basic earnings per share rose to 0.18 RMB, a 125% increase compared to the previous year, while diluted earnings per share also reached 0.18 RMB[22]. - The weighted average return on equity improved to 4.30%, an increase of 2.24 percentage points from the previous year[22]. Revenue Breakdown - The chassis division generated main revenue of 970 million RMB, a year-on-year increase of 23.20%, while the automotive air conditioning compressor division reported 640 million RMB, a slight increase of 0.55%[23]. - The high-precision components division saw revenue nearly reach 100 million RMB, with a remarkable year-on-year growth of 215.72%[23]. - The overall automotive market recovery and new product mass production are key factors contributing to the company's revenue growth in 2021[23]. - The company achieved operating revenue of 1.738 billion yuan in 2021, an increase of 267 million yuan, representing a year-on-year growth of 18.18%[35]. - The precision components division saw revenue growth of 215.72%, reaching nearly 100 million yuan due to multiple projects entering mass production[35]. Market Position and Strategy - The company is positioned as a leading supplier in the chassis components and air conditioning compressor sectors, with a focus on long-term development in the automotive industry[58]. - The company has established a strong customer base in the new energy vehicle sector, including major clients like Volkswagen, Tesla, and BYD, securing significant order shares[65]. - The company is actively responding to market demands and expanding its product offerings, which is expected to drive future growth[23]. - The company plans to expand its product offerings in electronic brakes and electronic drive systems, aligning with the automotive industry's trends towards electrification and intelligence[117]. Research and Development - R&D investment for the reporting period was 74.52 million yuan, an increase of 7.16% year-on-year, focusing on new energy, lightweight, and intelligent products[41]. - The company has developed nearly 50 patents and launched 8 new product series in the air conditioning compressor division, with the fourth generation electric compressor now covering major vehicle types[70]. - The company has established the Beite Automotive Components Research Institute, focusing on research and application of heat pump air conditioning and thermal management systems for new energy vehicles, as well as lightweight materials[158]. Risk Management - The company has outlined potential risks in the management discussion and analysis section of the report[6]. - The company faces risks from intensified competition in the automotive market, leading to price pressures on components and rising manufacturing costs[123]. - The company is committed to enhancing its risk management capabilities to maintain its market leadership position amid uncertainties[122]. Governance and Compliance - The board of directors and management have confirmed the accuracy and completeness of the annual report[7]. - The company has established a governance structure that ensures compliance with legal and regulatory requirements, promoting effective decision-making and management[127]. - The company has implemented comprehensive self-inspection and improvement measures in internal control and information disclosure to protect the interests of public investors[44]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 1,234, with 733 in production, 56 in sales, 261 in technology, 35 in finance, and 149 in administration[143]. - The company has established a training plan that emphasizes improving employee professional skills and promoting a positive learning environment[145]. - The management team has extensive experience in various sectors, contributing to the company's strategic direction and operational effectiveness[131]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 29,579, an increase from 27,315 at the end of the previous month[199]. - The total pre-tax remuneration for all directors and supervisors amounted to 7.16 million yuan for the reporting period[130]. - The company plans to distribute cash dividends of 0.64 yuan per 10 shares, totaling 22,958,725.70 yuan[147].