Tederic(SH:603289)2022-04-07 16:00Financial Performance - The net profit attributable to ordinary shareholders for 2021 was ¥142,213,445.28, with a distributable profit of ¥463,115,580.32 as of December 31, 2021[6]. - The proposed cash dividend for 2021 is ¥2.00 per 10 shares (including tax), totaling approximately ¥58,744,240.00 (including tax) based on the adjusted share count[6]. - The company's operating revenue for 2021 reached ¥1,097,586,525.42, representing a 25.71% increase compared to ¥873,140,922.29 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥142,213,445.28, a significant increase of 64.04% from ¥86,695,032.83 in 2020[24]. - The net cash flow from operating activities for 2021 was ¥209,910,411.00, up 19.27% from ¥175,999,912.85 in 2020[24]. - The total assets at the end of 2021 amounted to ¥1,888,508,864.73, reflecting a 25.01% increase from ¥1,510,638,667.97 at the end of 2020[24]. - The company's net assets attributable to shareholders increased by 25.40% to ¥1,331,044,028.34 at the end of 2021, compared to ¥1,061,464,111.43 at the end of 2020[24]. - Basic earnings per share for 2021 were ¥0.49, an increase of 48.48% from ¥0.33 in 2020[25]. - The weighted average return on equity for 2021 was 11.47%, up from 8.33% in 2020, indicating a growth of 3.14 percentage points[25]. Risk Management - The company has outlined potential risks in the management discussion and analysis section, emphasizing the importance of investor awareness[9]. - The report includes a forward-looking statement risk disclaimer, indicating that future plans do not constitute a substantive commitment to investors[7]. - The company faces risks from downstream industry fluctuations, which could negatively impact its operating performance due to its reliance on sectors like plastic building materials and automotive parts[162]. - The company’s export business accounts for approximately 30%-40% of its revenue, exposing it to trade protectionism risks, particularly in light of ongoing trade tensions between China and the U.S.[164]. - The company’s direct material costs constitute about 90% of its main business costs, making it vulnerable to fluctuations in raw material prices, particularly steel[165]. - The company is at risk of losing core technical personnel, which could weaken its long-term competitiveness if it fails to maintain effective talent retention strategies[165]. - The company’s performance may be adversely affected by the ongoing COVID-19 pandemic, which poses a risk of continued operational disruptions[166]. Market and Product Development - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[16]. - The company is focused on developing intelligent manufacturing systems to improve production processes and reduce costs[16]. - The strategic initiatives include enhancing remote operation capabilities and promoting sustainable practices through circular economy principles[16]. - The company launched the new NEO series high-end injection molding machines globally, enhancing its product lineup[38]. - The focus on the new energy vehicle sector has led to significant orders from leading companies, primarily for high-end electric and multi-material injection molding machines[38]. - The company is actively developing new technologies and products in the "recyclable" and "biodegradable" application fields to promote sustainable development[69]. - The company’s automated production solution for environmentally friendly disposable spoons uses PLA materials, aligning with environmental demands[68]. - The company is enhancing its production capacity by optimizing existing production lines for flexible manufacturing to improve efficiency[159]. Research and Development - The company has established a strong R&D team and a complete R&D system, focusing on innovation and collaboration with universities and research institutions[108]. - The company is committed to continuous innovation in injection molding technology to meet the evolving demands of the market and improve production efficiency[94]. - The company’s R&D expenditure for 2021 was ¥54,651,724.23, representing a year-on-year increase of 33.83%[132]. - The number of R&D personnel is 115, accounting for 13.43% of the total workforce[131]. - The company is investing in research and development to innovate and improve product quality, aiming to provide high-end injection molding machines[159]. Corporate Governance - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[4]. - The audit report issued by Tianjian Accounting Firm is a standard unqualified opinion[5]. - The company has not reported any significant changes in the business operations of its controlling shareholders or actual controllers that would affect its independence[173]. - The company has not disclosed any significant differences in governance compared to regulations set by the China Securities Regulatory Commission[172]. - The company has a performance-based remuneration system for directors and supervisors, which is determined based on the completion of annual operational goals[183]. - The current management team includes individuals with extensive experience in various industries, including education and finance[180]. - The company has seen changes in its board, with independent directors being elected and some leaving due to term changes[184]. Sales and Marketing - The company has strengthened its global marketing channel system, with over 40 domestic offices and distributors across China and subsidiaries in Portugal, Mexico, South Korea, and Brazil[42]. - The company has exported products to over 130 countries and regions, enhancing its competitiveness in the global market[43]. - The company is focusing on localizing its inventory and service capabilities to enhance its foreign sales operations[161]. - The company is expanding its participation in industry exhibitions to boost its market presence and sales capabilities[161]. - The company plans to strengthen its marketing service network in both domestic and international markets, focusing on regional market expansion and enhancing sales support for foreign distributors[161]. Financial Position - The overall asset-liability ratio stood at 29.52%, indicating a stable financial condition[35]. - The balance of cash and cash equivalents decreased by 58.08% to ¥173,658,288.68, primarily due to investments in various financial products[137]. - The balance of trading financial assets increased by 382.28% to ¥530,512,794.50, driven by an increase in financial product investments[137]. - The company has a total of CNY 581,915,504.51 in financial assets at fair value at the end of the reporting period[148]. - The company reported a net loss of CNY 3,165,326.85 for its Hong Kong subsidiary, which has total assets of CNY 65,563,676.70[150].