Chuangli Group(SH:603012)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was RMB 2,614,330,303.21, representing a 14.30% increase compared to RMB 2,287,244,011.59 in 2020[22]. - The net profit attributable to shareholders of the listed company decreased by 15.70% to RMB 308,205,164.93 from RMB 365,609,037.74 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 285,532,188.04, down 14.72% from RMB 334,811,173.11 in 2020[22]. - The net cash flow from operating activities was RMB 290,743,179.01, a decrease of 5.31% compared to RMB 307,052,612.77 in 2020[22]. - The company's basic earnings per share decreased by 15.79% to CNY 0.48 in 2021 compared to CNY 0.57 in 2020[24]. - Operating revenue increased by 14.30% year-on-year, primarily due to the expansion of project service offerings and sales of shield machines[24]. - The overall gross margin declined due to lower margins on project services and increased costs, despite a growing market share[24]. - The company achieved a comprehensive acceptance rate of 96% for quality inspections of complete machines[35]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[91]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2021, representing a year-over-year growth of 15%[92]. Assets and Liabilities - Total assets at the end of 2021 reached RMB 6,059,289,879.33, an increase of 4.50% from RMB 5,798,208,828.56 at the end of 2020[23]. - The company's total equity reached RMB 3,111,296,250.41 in 2021, up from RMB 3,222,786,335.49 in 2020, showing a decrease of about 3.5%[198]. - Total liabilities increased to RMB 2,947,993,628.92 in 2021 from RMB 2,575,422,493.07 in 2020, representing a rise of about 14.5%[198]. - The company's current assets totaled RMB 4,480,078,355.59, up from RMB 4,241,792,357.03 in the previous year, indicating an increase of approximately 5.6%[197]. - Accounts receivable rose to RMB 1,890,069,889.50 in 2021, compared to RMB 1,584,762,122.83 in 2020, marking an increase of about 19.3%[197]. - Inventory levels increased to RMB 942,987,672.30 in 2021 from RMB 823,896,178.74 in 2020, reflecting a growth of approximately 14.5%[197]. - The total amount of related party transactions for the year was 202 million RMB, with no significant discrepancies from market prices[150]. - The total amount of related party debts decreased from CNY 280,731,802.07 to CNY 243,766,980.28, reflecting a reduction of approximately 13.2%[155]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.80 per share, totaling RMB 50,924,800.00, based on a total share capital of 636,560,000 shares as of December 31, 2021[6]. - The company distributed a cash dividend of RMB 0.90 per 10 shares, totaling RMB 57,290,400.00, based on a total share capital of 63,656,000 shares[117]. - The company plans to distribute cash dividends amounting to at least 15% of the distributable profits for the year, with a commitment to maintain a minimum of 30% of the average distributable profits over the last three years[134]. Research and Development - The company developed 7 new products and filed 8 patent applications during the year, enhancing its technological capabilities[33]. - Research and development expenses rose by 26.06% to 111,835.11 million RMB, reflecting the company's increased investment in R&D[46]. - The company is investing 100 million RMB in R&D for innovative technologies aimed at improving efficiency in coal mining operations[91]. - The company invested 50 million in R&D for new technologies aimed at improving operational efficiency[92]. Market Expansion and Strategy - The company is focusing on the development of intelligent and automated coal mining machinery, aligning with industry trends towards digitalization and green technology[31]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next three years[91]. - The company plans to implement a "Digital Chuangli" strategy, focusing on smart manufacturing and comprehensive digital development, which includes product digitization and remote operation[77]. - The company plans to adjust its strategies in response to macroeconomic changes and market dynamics to seize new development opportunities[76]. Governance and Compliance - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[84]. - The company emphasizes strict compliance with information disclosure regulations, ensuring transparency and equal access to information for all shareholders[85]. - The company has established various committees under the board, including a strategic decision-making committee and an audit committee, to enhance governance[84]. - The company has not faced any penalties from securities regulatory agencies in the past three years[100]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding future plans and market conditions in its forward-looking statements[7]. - The company faces risks related to economic conditions, policy changes regarding carbon neutrality, and significant accounts receivable, which may impact financial stability[80]. - The company recognizes the trend of increasing automation and intelligence in the coal mining industry, which will drive the development of smart mining equipment[74]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 1,796, with 528 in the parent company and 1,268 in subsidiaries[112]. - The employee composition includes 996 production personnel, 125 sales personnel, 284 technical personnel, 58 financial personnel, 102 administrative personnel, and 231 others[112]. - The company has established a performance evaluation system for employee compensation, focusing on actual performance and contributions, with a competitive salary structure[114]. - The total remuneration for all directors, supervisors, and senior management in 2021 amounted to 12.6366 million yuan[98]. Acquisitions and Investments - The company completed the acquisition of a 36.04% stake in China Coal Technology for 408 million yuan, making it a wholly-owned subsidiary[35]. - The company completed the acquisition of a 36.04% stake in Zhejiang Zhongmei Machinery Technology Co., Ltd., resulting in 100% ownership as of December 31, 2021[72]. - The acquisition of Huatuo Engineering resulted in a cumulative net profit of 102.52 million RMB from 2018 to 2021, exceeding the original profit forecast of 92.99 million RMB[136]. - The acquisition of Zhongmei Technology achieved a cumulative net profit of 280.39 million RMB from 2019 to 2021, surpassing the initial profit forecast of 227.65 million RMB[136].