SLPT(SH:603178)2022-04-18 16:00Financial Performance - The company's operating revenue for 2021 was RMB 1,497,663,274.05, representing a year-on-year increase of 22.57%[25]. - The net profit attributable to shareholders for 2021 was RMB 103,007,272.64, an increase of 85.25% compared to the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 50,201,939.00, reflecting a significant increase of 218.62% year-on-year[25]. - The basic earnings per share for 2021 was RMB 0.50, up 78.57% from RMB 0.28 in 2020[25]. - The weighted average return on equity for 2021 was 13.68%, an increase of 5.08 percentage points compared to 2020[25]. - The gross profit margin for the main business was 14.21%, a decrease of 0.48 percentage points compared to the previous year[103]. - The company reported other income of ¥40,399,463.65, a substantial increase of 141.63% compared to the previous year[100]. - The company achieved a gross margin of 40%, up from 35% in the previous year, indicating improved operational efficiency[183]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.35 CNY per 10 shares, totaling approximately 31.92 million CNY, which accounts for 30.98% of the net profit attributable to shareholders for 2021[7]. - The company held its first extraordinary general meeting of shareholders on March 17, 2021, with resolutions published on March 18, 2021[169]. - The annual general meeting for 2020 was held on May 12, 2021, with resolutions disclosed on May 13, 2021[169]. - The second extraordinary general meeting of shareholders for 2021 took place on December 20, 2021, with resolutions published on December 21, 2021[169]. Audit and Compliance - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[6]. - The company is in compliance with regulations and has not faced penalties from securities regulatory authorities in the past three years[193]. Risk Management - The company does not foresee any major risks that could impact its operations[9]. - The company faces risks from fluctuations in downstream product demand, which could adversely affect performance due to its reliance on major automotive manufacturers[159]. - The company is at risk of performance decline due to potential replacement by new technologies and products if it cannot meet the evolving demands of automakers[162]. - The company is exposed to risks from price volatility of key raw materials, which significantly impacts production costs and profitability[163]. Market and Product Development - The company focused on market expansion, achieving growth in both traditional and new energy businesses during the reporting period[36]. - The company is actively expanding its business in the new energy vehicle sector, with ongoing projects for hub motors and hybrid transmission systems[72]. - The company aims to enhance its core capabilities in pump products, focusing on the development of electronic oil pumps and water pumps for new energy vehicles[148]. - The company plans to expand its product offerings in the reducer market for pure electric and hybrid vehicles, emphasizing technological advantages in multi-speed and high-speed applications[149]. - The company is committed to diversifying its customer base and expanding internationally, particularly in the North American market through its subsidiary SLW[151]. Research and Development - The company has completed 57 technology achievements, including 4 national torch plan projects and 53 municipal new products, as of December 31, 2021[62]. - The company holds a total of 52 domestic invention patents and 160 utility model patents, along with 13 invention patents from countries including the USA, Germany, and the UK[62]. - Research and development expenses rose to ¥72,406,869.57, marking a 34.49% increase year-on-year[100]. - The number of R&D personnel is 178, making up 10.50% of the total workforce[121]. Production and Operations - The company achieved a net cash flow from operating activities of RMB 151,660,903.76 in 2021, a decrease of 13.52% from the previous year[25]. - The company has achieved a production capacity of 450,000 units per year for the GF9 transmission oil pump, with plans to double this capacity to 900,000 units with the second phase of the project[43]. - The company has established R&D centers in North America, Europe, and China, enhancing its innovation capabilities in pump products[67]. - The company has implemented lean production methods to reduce production costs, achieving significant cost advantages while maintaining high precision and quality in manufacturing[95]. Financial Position - The company's total assets at the end of 2021 were RMB 2,068,577,951.41, a 10.72% increase from the end of 2020[25]. - The company's capital reserve grew by 125.15% to ¥722,826,079.71, reflecting strong financial performance[129]. - The company's retained earnings at the end of the reporting period were 183.37 million RMB, an increase of 71.56 million RMB compared to the beginning of the period, reflecting a growth of 64.00%, mainly due to increased net profit[132]. - The company's total equity attributable to the parent company at the end of the reporting period was 1,198.32 million RMB, an increase of 524.67 million RMB compared to the beginning of the period, reflecting a growth of 77.89%, mainly due to non-public offering fundraising and increased net profit[135]. Management and Governance - The chairman, Luo Yulong, received a pre-tax remuneration of CNY 639,600 during the reporting period[175]. - The total pre-tax remuneration for all directors and senior management during the reporting period amounted to CNY 5,435,400[178]. - The company appointed a new CFO, Yang Yong, following the resignation of the previous CFO, Qian Yi[192]. - The board held eight meetings in the year, with all directors attending in person[199].