TECHMATION(SH:603015)2022-04-24 16:00Financial Performance - The net profit attributable to the parent company for 2021 was RMB 88,829,658.91, with the parent company achieving a net profit of RMB 82,697,237.28 after a 10% statutory surplus reserve of RMB 8,269,723.73[8]. - The distributable profit for the parent company in 2021 was RMB 80,559,935.18, with a proposed cash dividend of RMB 0.10 per share (including tax) for all shareholders[8]. - The company's operating revenue for 2021 was CNY 934,971,164.60, representing a year-on-year increase of 24.72% compared to CNY 749,678,649.61 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 88,829,658.91, which is a 43.47% increase from CNY 61,914,235.77 in 2020[24]. - The net profit after deducting non-recurring gains and losses was CNY 76,427,424.91, reflecting a 49.58% increase from CNY 51,096,129.21 in 2020[24]. - The net cash flow from operating activities for 2021 was CNY 96,458,399.52, up 78.32% from CNY 54,093,099.11 in 2020[24]. - The total assets at the end of 2021 were CNY 2,230,284,497.49, a 9.13% increase from CNY 2,043,619,805.27 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 0.22, an increase of 46.67% compared to CNY 0.15 in 2020[26]. - The weighted average return on equity for 2021 was 6.89%, up from 5.00% in 2020, indicating a 1.89 percentage point increase[26]. - The company achieved a revenue of 934.97 million RMB, representing a year-on-year growth of 24.72%[59]. - The net profit attributable to shareholders reached 88.83 million RMB, an increase of 43.47% compared to the previous year[59]. - The net profit after deducting non-recurring gains and losses was 76.43 million RMB, reflecting a growth of 49.58% year-on-year[59]. Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period[10]. - The company has a comprehensive risk management strategy in place to address various operational risks[10]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[9]. - The company is aware of risks associated with the ongoing COVID-19 pandemic, which could affect supply chain operations and delivery timelines[109]. - As of December 31, 2021, accounts receivable accounted for 21.9% of current assets, with a robust policy in place to manage potential risks[108]. Governance and Compliance - The audit report issued by Tianjian Accounting Firm was a standard unqualified opinion, ensuring the accuracy and completeness of the financial statements[7]. - The board of directors and supervisory board members confirmed their attendance at the board meeting, ensuring governance compliance[6]. - The company has not violated decision-making procedures for external guarantees[10]. - The company has established a governance structure that complies with the requirements of the Company Law and the Guidelines for Corporate Governance of Listed Companies[111]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with relevant regulations[114]. - The company has strengthened its information disclosure practices, ensuring timely and accurate reporting to shareholders[118]. - The internal control system has been further improved to ensure compliance and risk management[119]. - The company has established specialized committees under the board, including Audit, Nomination, Compensation, and Strategy Committees, to enhance governance[143]. Market Position and Strategy - The company plans to continue expanding its market presence and enhancing its product offerings in the industrial control and drive system sectors[27]. - The company holds the leading market share in the domestic plastic machinery control system sector, focusing on automation solutions for mid-to-high-end plastic machinery manufacturers[43]. - The company is positioned to benefit from favorable government policies and market demand in both the industrial automation and new energy sectors, ensuring a positive growth outlook[39][42]. - The company aims to maintain its leading position in the plastic machinery industry by enhancing the self-manufacturing rate of core components and launching new control systems and drive systems[98]. - The company is focusing on vertical and horizontal expansion through capital market platforms to ensure long-term stable development[95]. Research and Development - R&D personnel accounted for 46% of the total workforce by the end of 2021, with R&D investment representing 7.47% of revenue for the same year[52]. - The company has developed a modular home energy storage system (EDO series) that integrates photovoltaic inverters and lithium iron phosphate batteries, ensuring power supply during outages[50]. - The company is continuously developing new products, including advanced servo systems and digital factory solutions, to meet market demands and enhance competitiveness[74]. - The R&D budget was increased by 30% in 2021, reflecting the company's commitment to innovation and technology advancement[134]. Environmental Responsibility - The company strictly adheres to environmental regulations, producing only minimal waste and ensuring that emissions meet relevant standards[166]. - The company has implemented energy-saving measures, including the use of low-energy equipment and distributed photovoltaic power generation, contributing to reduced carbon emissions[169]. - The company actively engages in environmental monitoring and maintains a complete environmental management ledger to ensure compliance with legal standards[168]. Shareholder Engagement - The company has actively engaged with investors through various channels to enhance communication and transparency[117]. - The company has established a performance evaluation standard and incentive mechanism for senior management, ensuring fair and transparent assessments[161]. - The company has a differentiated cash dividend policy based on its development stage, ensuring a minimum cash distribution of 20% of the distributable profit when positive[156]. Legal and Regulatory Matters - The company has not faced any administrative penalties related to environmental issues during the reporting period[167]. - The company has not reported any dissenting opinions from directors regarding company matters during the year[143]. - The company has not encountered any situations that would lead to delisting risk warnings[186]. - The company has ongoing litigation involving Guangdong Hongxun against a customer KW, with a claim amount of CNY 411,600, which has been supported by the court[189].