DIBAY(SH:603320)2022-04-13 16:00Financial Performance - In 2021, the company's operating revenue reached ¥1,138,090,441.42, representing a 56.20% increase compared to ¥728,629,452.26 in 2020[21] - The net profit attributable to shareholders of the listed company was ¥78,616,536.39, an increase of 88.19% from ¥41,774,517.62 in the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥58,728,644.50, up 103.16% from ¥28,907,507.63 in 2020[21] - The company's total assets increased by 10.15% to ¥1,268,264,779.79 at the end of 2021, compared to ¥1,151,436,796.44 at the end of 2020[21] - The company reported a 9.14% increase in net assets attributable to shareholders, reaching ¥784,043,579.49 at the end of 2021[21] - The weighted average return on equity increased to 10.48%, up 4.53 percentage points from the previous year[23] - Basic earnings per share rose to 0.60 RMB, an increase of 87.50% compared to the previous year[23] - The company achieved a net profit attributable to shareholders of 58.73 million yuan, a year-on-year increase of 103.16%[34] Cash Flow and Assets - The net cash flow from operating activities decreased by 68.42% to ¥30,057,515.60 in 2021, down from ¥95,184,387.33 in 2020[21] - The company reported a net cash flow from operating activities of 26.92 million RMB in the fourth quarter[25] - Cash and cash equivalents decreased by 32.71% to ¥218,064,431.61, accounting for 17.19% of total assets[66] - Accounts receivable increased by 98.35% to ¥119,261,250.61, representing 9.40% of total assets[66] - Inventory rose by 79.67% to ¥205,587,334.07, making up 16.21% of total assets due to rising raw material prices and increased scale[66] - Fixed assets increased by 78.50% to ¥253,861,643.77, accounting for 20.02% of total assets due to the transfer of construction projects to fixed assets[66] Sales and Market Performance - The company sold 15.98 million compressor motors in 2021, marking an 18.37% increase from the previous year and setting a new historical high[33] - Global refrigerator and freezer sales reached 21.05 million units in 2021, with a year-on-year growth of 8.5%[33] - The domestic market for refrigerators showed stable performance with a total sales volume of 57.69 million units, up 3.8% year-on-year[38] - China's refrigerator and freezer industry sales volume was 125.81 million units in 2021, growing by 3.4% year-on-year[38] Research and Development - Research and development expenses totaled 45.38 million yuan, representing a year-on-year growth of 38.65%[35] - The company is focusing on enhancing the efficiency and energy-saving capabilities of compressor motors, with current COP values exceeding 2.0[75] - The company is committed to increasing R&D investment to support product improvements in the coming years[80] Corporate Governance and Compliance - The company held 4 supervisory board meetings during the reporting period, complying with relevant laws and regulations[88] - A total of 48 temporary announcements and 4 periodic reports were disclosed during the reporting period, ensuring transparency and compliance with information disclosure requirements[89] - The company maintains a complete independent business and operational capability, with strict separation from the controlling shareholder in personnel, assets, finance, and operations[88] - The board of directors and supervisory board operate independently, ensuring governance structure compliance with regulations[90] Shareholder and Dividend Information - The company plans to submit the profit distribution proposal to the 2021 annual general meeting for approval[5] - The company implemented a cash dividend policy, distributing 2.00 CNY per 10 shares to shareholders, amounting to a total cash dividend of 20% of the distributable profit for 2021[118] - The company committed to a cash dividend of no less than 20% of the distributable profit each year, ensuring a consistent return to shareholders[118] Future Outlook and Strategy - The company plans to continue leveraging market opportunities and enhancing production capacity to sustain growth[32] - The outlook for 2022 indicates potential downward pressure on the global refrigerator market due to economic uncertainties and rising raw material costs[39] - The company aims to break the market monopoly of foreign motor manufacturers in the commercial refrigeration compressor motor sector[75] - The company is focusing on high-end variable frequency markets, commercial markets, and vehicle-mounted mobile refrigeration markets to enhance competitiveness[78] Environmental and Social Responsibility - The company established a rooftop photovoltaic power generation project with a capacity of 4 megawatts, generating approximately 4 million kWh of solar power in 2021, contributing to reduced carbon emissions[129] - The company donated 30,000 CNY to support the construction of a primary school in Qingtian County, Zhejiang Province, as part of its social responsibility efforts[131]