RT(SH:603036)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was RMB 269,763,777.04, a decrease of 7.21% compared to RMB 290,718,194.62 in 2020[20]. - The net profit attributable to shareholders for 2021 was RMB 55,535,159.11, down 18.10% from RMB 67,807,109.47 in the previous year[20]. - The net cash flow from operating activities was RMB 48,301,075.73, reflecting a decline of 9.31% compared to RMB 53,256,867.34 in 2020[20]. - The basic earnings per share for 2021 were RMB 0.27, a decrease of 18.18% from RMB 0.33 in 2020[21]. - The diluted earnings per share also stood at RMB 0.27, reflecting the same percentage decrease as the basic earnings per share[21]. - The weighted average return on net assets was 4.93% for 2021, down from 6.26% in 2020, a decrease of 1.33 percentage points[22]. - The net profit after deducting non-recurring gains and losses was RMB 44,047,937.63, a decrease of 21.09% compared to the previous year[20]. - Total profit amounted to ¥62,233,207.59, down 21.13% compared to the previous year[42]. - Net profit reached ¥53,701,236.12, reflecting a decline of 19.39% year-on-year[42]. - Operating profit for 2021 was CNY 62,583,920.94, down 21.9% from CNY 80,136,894.99 in 2020[184]. - Net profit for 2021 was CNY 53,701,236.12, a decline of 19.4% compared to CNY 66,618,533.70 in 2020[184]. Assets and Liabilities - The total assets at the end of 2021 amounted to RMB 1,312,811,044.14, an increase of 4.04% from RMB 1,261,794,424.39 in 2020[20]. - The company's net assets attributable to shareholders at the end of 2021 were RMB 1,150,774,567.60, an increase of 3.26% from RMB 1,114,415,610.41 in 2020[20]. - Total liabilities increased to ¥145,760,781.32 in 2021 from ¥128,227,724.29 in 2020, reflecting a growth of around 13.7%[179]. - The company's total liabilities to total assets ratio was approximately 11.1% in 2021, compared to 10.2% in 2020, indicating a slight increase in leverage[179]. - The company's total equity reached ¥1,167,050,262.82 in 2021, up from ¥1,133,566,700.10 in 2020, indicating an increase of approximately 2.9%[179]. Research and Development - The company completed 18 new product developments in 2021, including significant advancements in drilling automation products[31]. - The total R&D expenditure was approximately ¥13.81 million, accounting for 5.12% of total revenue[52]. - The company applied for 16 patents in 2021, including 8 invention patents, bringing the total number of valid patents to 53[31]. - Research and development expenses for 2021 were CNY 13,813,731.39, down from CNY 15,731,981.72 in 2020, indicating a reduction of 12.2%[183]. Market and Operational Challenges - The company reported a 15.46% decline in overseas business revenue, totaling CNY 32 million, due to the impact of COVID-19[30]. - The average purchase price of scrap steel increased by 35.95% to CNY 3,531.26 per ton, contributing to a 10.42% rise in total operating costs to CNY 162 million[33]. - The company faces risks from international oil price fluctuations, which can affect industry profits and capital expenditures[73]. - The ongoing COVID-19 pandemic poses risks to the company's operations and international business due to potential restrictions and increased logistics costs[73]. Corporate Governance - The company held 4 shareholder meetings throughout the year, ensuring compliance with legal regulations and allowing equal rights for minority shareholders[77]. - The board of directors convened 12 meetings in the year, maintaining a structure that includes 6 members, with 2 independent directors, meeting regulatory requirements[78]. - The supervisory board conducted 8 meetings, consisting of 3 members, including employee representatives, ensuring effective oversight of the company's operations[79]. - The company has established independent procurement and sales systems, demonstrating its capability for autonomous operations[80]. - The company has implemented a comprehensive internal control system to enhance governance and risk management, improving operational efficiency[76]. Shareholder and Management Information - The company reported a total of 55,348,552 shares held by directors and senior management at the end of the reporting period, with a total remuneration of 284.49 million yuan[85]. - The chairman, Cao Caihong, held 30,069,752 shares, with a pre-tax remuneration of 32.59 million yuan[85]. - The company approved the proposal to repurchase and cancel part of the restricted stock granted to incentive objects that have not yet lifted the sales restrictions[83]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 2.8449 million yuan[89]. Financial Management and Audit - The company’s financial reports for 2021 indicate a focus on maintaining cash flow and operational stability throughout the year[99]. - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2021[164]. - The audit firm communicated significant audit findings and internal control deficiencies to the governance layer of the company[174]. - The management's assessment of expected credit losses for accounts receivable was based on historical loss experience and forward-looking estimates, which was deemed a key audit matter due to significant management judgment involved[169]. Social Responsibility and Community Engagement - The company donated over 900,000 yuan to support COVID-19 relief efforts and established a charity fund with a total donation of 600,000 yuan over three years[116]. - The company has invested over 5 million yuan in safety and environmental facility construction over the past three years, ensuring compliance with emission standards[117]. - The company has actively engaged in social responsibility initiatives, including providing training to employees and improving welfare benefits[117].