Furja(SH:603219)2022-04-20 16:00Financial Performance - The company's operating revenue for 2021 was CNY 2,600,501,682.97, representing a 24.14% increase compared to CNY 2,094,847,107.50 in 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 231,698,964.97, a 34.53% increase from CNY 172,233,542.88 in 2020[33]. - The net cash flow from operating activities for 2021 was negative at CNY -101,464,310.23, compared to CNY 188,393,051.30 in 2020[33]. - The total assets at the end of 2021 were CNY 2,442,238,879.40, a 32.96% increase from CNY 1,836,846,392.04 at the end of 2020[33]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,300,860,275.12, reflecting a 78.34% increase from CNY 729,442,920.08 at the end of 2020[33]. - The basic earnings per share for 2021 was CNY 0.64, up 33.33% from CNY 0.48 in 2020[34]. - The weighted average return on equity for 2021 was 26.47%, an increase of 0.32 percentage points from 26.15% in 2020[34]. - The company achieved a revenue of CNY 2,600.50 million in 2021, representing a year-on-year growth of 24.14%[83]. - The net profit attributable to the parent company was CNY 231.70 million, an increase of 34.53% compared to the previous year[83]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 4 per 10 shares, totaling approximately RMB 160.4 million, which represents 69.23% of the net profit attributable to shareholders for the year 2021[7]. - The board of directors has approved the profit distribution plan, which is subject to approval at the annual general meeting[7]. - The company does not plan to issue bonus shares or convert capital reserves into share capital[7]. - The company maintains a profit distribution policy that requires at least 10% of the distributable profits to be distributed as cash dividends annually[188]. - The retained undistributed profits will primarily support daily operational needs, new project construction, future investment planning, and long-term development[188]. Risk Management - The company has outlined various risks and countermeasures in its management discussion and analysis section[11]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements[8]. - There are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has implemented measures to manage supply chain risks, including increasing inventory of long-cycle materials[136]. - The company faced risks from fluctuating international trade conditions, particularly due to the US-China trade conflict, which saw tariffs on vacuum cleaners rise to 25%[132]. Corporate Governance - All board members attended the board meeting, ensuring accountability for the report's accuracy[5]. - The company has committed to maintaining the integrity and completeness of the financial report[4]. - The company has taken steps to enhance its governance structure, holding three shareholder meetings and seven board meetings in the reporting period[140]. - The company is committed to maintaining its corporate governance standards, as shown by the election of independent directors and supervisors during the recent shareholder meetings[145]. - The company has a diverse board composition, with a mix of experienced professionals in key management positions, enhancing its strategic decision-making capabilities[149]. Research and Development - The company invested in key core technology research and development to ensure technological leadership and maintain competitive advantage[47]. - The company applied for 179 patents during the reporting period, including 77 invention patents, 95 utility model patents, and 7 design patents[75]. - The company was granted 37 patents, comprising 2 invention patents, 26 utility model patents, and 9 design patents[75]. - The company emphasizes intellectual property protection during product development, showcasing a commitment to innovation[75]. - Research and development expenses increased by 25.78% to CNY 89.87 million, driven by an increase in R&D projects[86]. Market Expansion - The company plans to continue expanding its market presence and investing in new product development[22]. - The company is actively exploring domestic market opportunities, supplying products to well-known local brands such as Mijia and Shunzhao[66]. - The company is enhancing its strategic partnership with JS Global Life to jointly explore international markets, focusing on regions like the US and Europe, while also seeking breakthroughs in Japan and South America[129]. - The company is transitioning towards digital and intelligent manufacturing processes, aligning with the dual carbon goals of carbon peak and carbon neutrality[123]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[154]. Operational Efficiency - The company has implemented various quality control measures, including QRQC and FQC, to enhance product quality and operational efficiency[31]. - The company has implemented a grid-based and cross-functional operational system to enhance efficiency and problem-solving capabilities[52]. - Lean operations have been adopted across manufacturing and supply chain systems, resulting in reduced inventory levels and improved operational efficiency, with detailed cost data being digitized for better decision-making[56]. - The introduction of a MES system in the injection molding workshop has significantly increased management efficiency by digitizing daily operations and process management[55]. - The company is committed to improving internal management mechanisms and adopting advanced management models to enhance operational efficiency and reduce production costs[130]. Social Responsibility - The company provided over 1,000 job opportunities and was recognized as an "Advanced Unit in Employment" in Ningbo[198]. - The company donated 800 intelligent alcohol disinfecting machines to the Zhong Nanshan Medical Foundation for COVID-19 prevention efforts[198]. - The company organized over 230 employees to participate in voluntary blood donation activities during the pandemic[198]. - The company contributed a total of 3.97 million yuan in charitable donations during the reporting period[200]. Environmental Initiatives - The company has implemented measures to reduce carbon emissions, achieving over 20% energy savings by replacing outdated injection molding machines[197]. - The company completed over 500 production process improvement projects, resulting in an 8% reduction in electricity consumption for vacuum cleaner production, equivalent to a decrease of over 170 tons of standard coal[197]. - The company installed distributed photovoltaic power generation with a total capacity of 2,430 KW, generating nearly 2.8 million KWH of electricity, which corresponds to a reduction of over 2,700 tons of CO2 emissions[197].