JDM(SH:603088)2022-04-25 16:00Financial Performance - The company's operating revenue for 2021 was RMB 533,822,892.30, representing a year-on-year increase of 25.53% compared to RMB 425,250,565.15 in 2020[22]. - The net profit attributable to shareholders of the listed company was RMB 85,791,493.61, up 27.38% from RMB 67,352,842.33 in the previous year[22]. - The net cash flow from operating activities reached RMB 166,273,312.27, an increase of 42.67% compared to RMB 116,546,172.60 in 2020[22]. - The total assets of the company at the end of 2021 were RMB 1,155,173,272.48, reflecting a 24.79% increase from RMB 925,689,339.90 at the end of 2020[22]. - The basic earnings per share for 2021 were RMB 0.28, a 27.27% increase from RMB 0.22 in 2020[23]. - The weighted average return on equity was 15.82%, up from 12.18% in the previous year, indicating improved profitability[23]. - Operating profit reached CNY 95.60 million, up 15.34% compared to the previous year[43]. - Net profit amounted to CNY 85.51 million, reflecting a growth of 25.24% year-on-year[43]. - The precision press machine segment saw a significant revenue increase of 88.35%, totaling CNY 202.54 million[43]. - The gross profit margin for the main business was 37.10%, a decrease of 1.85% year-on-year[46]. Cash Flow and Investments - The net cash flow from operating activities increased by 42.67% to ¥166,273,312.27 compared to the same period last year[59]. - The net cash flow from investing activities decreased by 355.22% to -¥206,767,422.85, attributed to increased bank wealth management purchases and capital expenditures[59]. - The company's cash and cash equivalents decreased by 52.63% to ¥87,537,080.79, primarily due to bank wealth management purchases and increased dividends[60]. - The total cash outflow from investment activities increased significantly to CNY 395,388,231.40 in 2021 from CNY 262,912,882.33 in 2020, marking a rise of 50.3%[196]. - Cash inflow from financing activities totaled CNY 69,535,343.18 in 2021, with no inflow recorded in 2020[197]. Research and Development - The company holds 116 patents, including 23 invention patents, enhancing its technological capabilities[36]. - The company’s R&D expenses were 19,783,979.08, showing a decrease of 4.86% compared to the previous year[55]. - The number of R&D personnel is 80, representing 11.64% of the total workforce[58]. - The company’s R&D efforts led to the successful completion of a key piece of equipment for the production of electric vehicle motor cores, further solidifying its market position[31]. - The company plans to focus on R&D for new products such as cam machines and spinning machines, aiming to create new growth points in 2022[74]. Market and Sales Performance - The company achieved a significant increase in sales of pressure machines for new energy vehicles, with sales up 260% compared to 2020[31]. - The company reported a significant increase in domestic sales orders for new energy vehicle components, driven by timely product launches and effective pandemic response measures[29]. - Revenue from the domestic market reached 37,316.52 million, reflecting a 46.30% increase year-on-year[49]. - Revenue from the foreign market was 14,287.75 million, showing a decline of 8.12% year-on-year[49]. - The smart home segment generated 28,934.62 million in revenue, with a gross profit margin of 34.24%, down by 8.72 percentage points[48]. Risks and Challenges - The company has outlined various risks it may face in the management discussion and analysis section of the report[9]. - The company is facing risks related to the long-term impact of the COVID-19 pandemic on macroeconomic development, necessitating strict pandemic prevention measures[76]. - There is a risk of declining gross margins due to rising raw material prices, increasing labor costs, and depreciation from new fixed assets, with lower-margin products gaining a higher sales revenue share[77]. - The shortage of skilled technical workers poses a risk, as the company must offer competitive compensation to retain talent in a high-demand market[79]. - The company faces contract performance risks due to increasing customer demands for customization and shorter delivery times, which may lead to challenges in meeting client expectations[81]. Corporate Governance and Management - The total shares held by directors, supervisors, and senior management increased from 21,268,744 at the beginning of the year to 26,764,438 at the end of the year, representing an increase of 25.8%[93]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 621.18 million yuan[93]. - The company has established a three-dimensional salary distribution system linking employee compensation to company performance, with management salaries based on performance assessments[112]. - The management team has a diverse background with extensive experience in various industries, enhancing the company's strategic capabilities[95]. - The company received public reprimands from the Shanghai Stock Exchange and the China Securities Regulatory Commission, resulting in fines totaling 600,000 yuan for its actual controllers[100]. Financial Position and Assets - The total assets include ¥783,120.86 in overseas assets, which accounts for 0.07% of total assets[63]. - The company’s accounts receivable increased from CNY 38.0471 million in 2020 to CNY 89.0187 million in 2021, indicating a significant rise in credit sales[180]. - The company’s inventory at the end of 2021 was significantly higher than the previous year, indicating potential growth in production or sales[174]. - Total liabilities rose to ¥603,206,962.55 in 2021, up from ¥360,426,087.11 in 2020, indicating a growth of approximately 67.5%[182]. - Owner's equity decreased to ¥551,966,309.93 in 2021 from ¥565,263,252.79 in 2020, a decline of about 2.3%[182].