LEHUI International(SH:603076)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was CNY 989,369,934.10, representing a 16.10% increase compared to CNY 852,148,606.43 in 2020[20]. - The net profit attributable to shareholders of the listed company decreased by 56.23% to CNY 46,254,656.23 from CNY 105,674,118.60 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 45,606,244.73, down 45.85% from CNY 84,220,735.90 in 2020[20]. - The company's basic earnings per share decreased by 68.31% to CNY 0.45 in 2021 compared to CNY 1.42 in 2020[21]. - Net profit for 2021 declined by CNY 59.42 million, primarily due to a court ruling requiring a payment of EUR 5.45 million, impacting net profit by CNY 31.14 million[22]. - Operating profit for 2021 was ¥72,204,966.52, down 36.5% from ¥113,577,257.09 in 2020[199]. - The company reported a total comprehensive income of ¥46,254,656.23 for 2021, compared to ¥99,647,942.89 in 2020, a decrease of 53.6%[200]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 252,701,140.11, a decrease of 254.74% compared to a positive CNY 163,308,432.90 in 2020[20]. - Operating cash flow showed a net outflow of CNY 253 million, with significant cash outflows from the craft beer segment, which reported a net loss of CNY 18.82 million[22]. - The company maintains a healthy asset-liability structure with ample liquidity despite the operational cash outflows[23]. Assets and Liabilities - The total assets at the end of 2021 were CNY 2,798,130,689.07, an increase of 54.11% from CNY 1,815,703,121.35 at the end of 2020[20]. - The net assets attributable to shareholders increased by 50.69% to CNY 1,291,017,613.62 from CNY 856,734,656.19 in 2020[20]. - Total liabilities reached ¥1,507,113,075.45 in 2021, compared to ¥958,968,465.16 in 2020, an increase of approximately 57.3%[193]. - Owner's equity increased to ¥1,291,017,613.62 in 2021 from ¥856,734,656.19 in 2020, representing a growth of about 50.8%[193]. Revenue Segments - The equipment segment generated revenue of 978.71 million yuan, a year-on-year increase of 15.89%, with revenue from brewing equipment accounting for 67.93% of the segment's total[32]. - The craft beer segment generated sales revenue of 7.45 million yuan, with a net loss of 18.82 million yuan, primarily due to high management and sales expenses[36]. - The equipment segment's order backlog increased by 39.34% year-on-year, indicating strong demand and production capacity improvements following the commissioning of the Xiangshan Port Phase I plant[22]. Research and Development - The company’s R&D expenses were 38.30 million RMB, a slight increase of 4.05% from the previous year[45]. - The total R&D expenditure was 38,298,667.76, which constituted 3.87% of the operating revenue[55]. - Research and development expenses for 2021 were ¥38,298,667.76, slightly up from ¥36,807,443.91 in 2020, indicating a focus on innovation[198]. Strategic Initiatives - The company plans to enhance production efficiency by increasing the proportion of outsourced components, which has led to higher upfront capital investments[23]. - The company is actively exploring new business opportunities in the dairy filling and renewable energy sectors, establishing a research institute in Nanjing focused on advanced sterile filling technology[34]. - The company aims to expand its beer equipment sales and services network in Africa, Asia, and Latin America, enhancing its market share in the beer equipment industry[69]. Shareholder and Governance - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, totaling CNY 9,656,107.52[5]. - The company has established a shareholder return plan for 2020-2022, emphasizing cash dividends and profit distribution strategies[122]. - The company has a salary policy that links employee compensation to performance and company profitability, ensuring alignment with economic growth[120]. Environmental Compliance - The company has implemented a comprehensive environmental management system, ensuring compliance with pollution prevention and control measures throughout its operations[130]. - The company reported no environmental violations or penalties during the reporting period, adhering strictly to national environmental laws and regulations[133]. Market Outlook and Risks - The company anticipates risks related to rising raw material prices, which could adversely affect cost control despite proactive measures[77]. - The company expects to face ongoing impacts from the COVID-19 pandemic, particularly affecting overseas orders and project progress[74]. - Future guidance indicates a projected revenue growth of 20% for the next fiscal year, driven by market expansion strategies[99].