Dcenti(SH:603335)2022-03-15 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,304,040,482.57, representing a 33.62% increase compared to CNY 975,928,933.65 in 2020[21]. - The net profit attributable to shareholders for 2021 decreased by 44.59% to CNY 33,335,800.76 from CNY 60,162,705.55 in 2020[21]. - The net cash flow from operating activities for 2021 was negative at CNY -15,796,683.30, a decline of 112.34% compared to CNY 128,060,751.83 in 2020[21]. - The total assets increased by 59.24% to CNY 1,340,814,058.17 at the end of 2021 from CNY 842,017,297.75 at the end of 2020[21]. - Basic earnings per share for 2021 were CNY 0.08, down 42.86% from CNY 0.14 in 2020[22]. - The weighted average return on equity decreased to 5.51% in 2021 from 10.22% in 2020, a drop of 4.71 percentage points[22]. - The company's operating revenue for 2021 was 1,304.04 million yuan, an increase of 33.62% year-on-year, primarily due to the consolidation of Guangdong Weima New Materials Technology Co., Ltd. into its financials[30]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 28.67 million yuan, a decrease of 7.04% year-on-year, attributed to rising raw material costs, logistics expenses, and production costs[30]. - The company achieved operating revenue of CNY 1.304 billion, a year-on-year increase of 33.62%[40]. - The net profit attributable to shareholders was CNY 333.36 million, a decrease of 44.59% compared to the previous year[40]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.24 RMB per 10 shares to all shareholders, based on the total share capital on the dividend record date[6]. - The total number of ordinary shareholders as of the end of the reporting period was 36,296, a decrease from 36,565 at the end of the previous month[171]. - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., holds 125,623,500 shares, accounting for 29.34% of the total shares[175]. - Lexin International Inc. is the second-largest shareholder with 78,669,500 shares, representing 18.37%[175]. - The actual controllers hold a combined 49.32% of the company's shares through indirect holdings[176]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm, ensuring the authenticity and completeness of the financial report[5]. - There are no non-operating fund occupations by controlling shareholders or related parties, ensuring financial integrity[8]. - The company has not reported any significant differences in governance compared to regulatory requirements, ensuring compliance with laws and regulations[88]. - The audit report confirms that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2021[190]. - The company has no controlling shareholder situation or changes in control during the reporting period[181]. Market and Operational Strategy - The company is focused on developing lightweight technology for aluminum alloy wheels to reduce fuel consumption and enhance performance[12]. - The company operates in both the OEM (Original Equipment Manufacturer) and AM (After-Market) markets, providing a diverse revenue stream[12]. - The company is committed to maintaining high-quality standards, as evidenced by its compliance with ISO/TS16949:2009 certification[12]. - The company plans to expand its operations into the waste lithium battery recycling and new materials sectors, with the first production line of Guangdong Weima successfully launched in August 2021[31]. - The company aims to enhance its risk resistance and ensure long-term stable development by expanding its operational scope and seeking quality projects[31]. - The company plans to expand its market share domestically and internationally while investing in new materials and emerging industries[79]. - The company is focused on research and development, maintaining partnerships with authoritative research institutions and universities to enhance its technological capabilities[30]. Environmental and Social Responsibility - The company emphasizes environmental protection as a key social responsibility, continuously enhancing its environmental management efforts[138]. - The company has established a dedicated environmental management department to oversee production safety and environmental protection, ensuring compliance with national and local emission standards[135]. - All pollution control facilities operated safely and effectively in 2021, achieving zero incidents in environmental protection[130]. - The company has implemented a series of environmental protection policies, including hazardous waste management and clean production practices[135]. - Measures taken to reduce carbon emissions include implementing heat energy exchange in the casting workshop and replacing all lighting with energy-saving fixtures[136]. Research and Development - Research and development expenses rose by 19.49% to CNY 9.97 million, reflecting increased investment in new product development[43]. - The company aims to enhance product technology research and development, improve product lightweighting, and optimize pricing mechanisms to mitigate the impact of raw material price fluctuations on operations and profits[82]. - The company is investing in R&D, allocating 150 million towards the development of new technologies in the upcoming fiscal year[94]. - Research and development expenditures increased by 30%, totaling $150 million, to support new technology initiatives[98]. Governance and Management - The company has established a compensation and assessment committee to evaluate the performance of directors and senior management based on operational status and performance completion[101]. - The company has implemented a performance evaluation system for senior management, linking compensation to financial report indicators and operational goals[123]. - The board held a total of 12 meetings during the year, with 0 in-person meetings and 4 conducted via communication methods[106]. - The company has appointed several new senior management members, including a new general manager and vice general managers[111]. Future Outlook - Future outlook indicates a projected revenue growth of 20% for the next fiscal year[90]. - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next fiscal year, indicating a growth target of 25%[93]. - The company plans to implement a new marketing strategy that aims to increase brand awareness by 40% in the next year[93]. - Overall, the company remains optimistic about achieving its long-term growth targets, driven by innovation and market expansion strategies[93].