YINGLIU(SH:603308)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was CNY 2,040,103,835.92, an increase of 11.29% compared to CNY 1,833,129,761.65 in 2020[22] - The net profit attributable to shareholders for 2021 was CNY 231,183,401.43, representing a growth of 14.67% from CNY 201,614,666.94 in the previous year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 149,669,594.26, up by 4.62% from CNY 143,056,787.07 in 2020[22] - Basic earnings per share for 2021 was CNY 0.34, a 13.33% increase from CNY 0.30 in 2020[26] - The company achieved sales revenue of CNY 510.72 million in aerospace materials and components, representing a year-on-year growth of 59.16%[33] - The net profit attributable to shareholders for Q4 2021 was CNY 80.50 million, with a total annual net profit of CNY 231.18 million[27] - The company reported a weighted average return on equity of 6.00% for 2021, an increase of 0.53 percentage points from 5.47% in 2020[26] - The company's revenue from the top five customers amounted to 797.24 million yuan, accounting for 39.08% of the total annual sales[54] Cash Flow and Assets - The net cash flow from operating activities for 2021 was CNY 224,124,594.34, a decrease of 44.64% compared to CNY 404,826,980.35 in 2020[22] - The total assets at the end of 2021 were CNY 9,633,344,252.27, an increase of 17.43% from CNY 8,203,381,287.14 at the end of 2020[25] - The net assets attributable to shareholders at the end of 2021 were CNY 3,935,737,668.65, reflecting a growth of 4.10% from CNY 3,780,564,470.35 at the end of 2020[25] - The net cash flow from operating activities in Q4 2021 was CNY 125.35 million, showing a strong recovery after a negative cash flow in Q2[27] Research and Development - Research and development expenses amounted to CNY 248,327,695.02, representing a 10.77% increase year-on-year[45] - The total R&D expenditure for the period was 320.10 million yuan, representing 15.69% of the operating income[59] - The company has over 100 patents and proprietary technologies, and it actively participates in national and provincial key research projects[42] - The company has developed approximately 230 types of components and has around 270 types under development, indicating strong future growth potential[36] Market and Sales - The company exported products to 30 countries, serving nearly 100 clients, including over 10 Fortune 500 companies[43] - The company maintained its position as the top exporter of valve components in China, with significant delivery volumes in nuclear power equipment[43] - The company achieved operating revenue of CNY 2,040,103,835.92, an increase of 11.29% year-on-year[45] Governance and Management - The company has established a modern corporate governance structure, ensuring compliance with relevant laws and regulations[83] - The company has established specialized committees, including an audit committee and a strategic committee, to enhance governance[103] - The company has implemented a dynamic salary management policy to enhance employee motivation and responsibility, particularly in response to the ongoing COVID-19 pandemic[112] - The company has a performance evaluation mechanism for senior management, assessing their work performance quarterly and at the end of the fiscal year[120] Environmental Responsibility - The company adheres to a "green casting" environmental protection philosophy, utilizing advanced equipment and technologies to minimize pollution emissions[140] - Anhui Yingliu Electromechanical Co., Ltd. has established a wastewater treatment station that ensures all pollutants meet the discharge standards of Hefei Economic Development Zone[128] - The company has a waste management strategy in place, ensuring hazardous waste is handled by licensed disposal companies[125] - Regular environmental self-monitoring is conducted, with results showing that pollutant emissions comply with national standards, with no exceedances reported[134] Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly for scrap steel, stainless steel, and nickel alloys, which could impact pricing stability[79] - The company is exposed to exchange rate risks due to exports denominated in USD, GBP, and EUR, which could adversely affect operations if the RMB fluctuates significantly[79] - The company operates in a specialized equipment manufacturing industry, with market demand closely tied to macroeconomic trends and potential risks from international trade barriers[79] Shareholder Information - The company plans to distribute a cash dividend of CNY 1.02 per 10 shares, totaling CNY 69,680,985.94 based on a total share capital of 683,146,921 shares[6] - The company reported a total share increase of 32,215,783 shares during the reporting period, resulting from capital reserve conversion into share capital[90] - The top ten shareholders hold a total of 60.77% of the shares, with the largest shareholder holding 27.20%[173] Compliance and Legal Matters - The company has no significant litigation or arbitration matters during the reporting period[155] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[155] - The audit opinion confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2021[185]