JACK(SH:603337)2022-04-14 16:00Financial Performance - In 2021, the company's operating revenue reached RMB 605,360.09 million, a 71.91% increase compared to RMB 352,141.65 million in 2020[19]. - The net profit attributable to shareholders was RMB 46,638.46 million, reflecting a 48.67% increase from RMB 31,370.36 million in 2020[19]. - The net profit after deducting non-recurring gains and losses was RMB 43,618.05 million, a significant increase of 156.33% compared to RMB 17,016.59 million in 2020[19]. - The company's total assets increased by 51.77% to RMB 773,671.94 million at the end of 2021, up from RMB 509,752.29 million at the end of 2020[19]. - The basic earnings per share rose to RMB 1.05, a 47.89% increase from RMB 0.71 in 2020[19]. - The company achieved a total revenue of 37.197 billion yuan, marking a year-on-year growth of 46.03%[41]. - The company reported a significant focus on expanding its market presence and enhancing product offerings through new technology development[156]. Dividend Distribution - The company plans to distribute a cash dividend of 3.20 RMB per 10 shares, totaling approximately 142.68 million RMB (including tax) based on a total share capital of 445,868,520 shares as of December 31, 2021[3]. - The board of directors has approved the profit distribution plan, which is subject to the approval of the 2021 annual general meeting[3]. - The company has established a three-year shareholder dividend return plan (2020-2022), ensuring that cash dividends will account for at least 20% of distributable profits in the future[183]. - The company is committed to maintaining a stable and transparent profit distribution policy, considering both long-term and short-term interests of shareholders[180]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[4]. - The company has established a robust internal control system that meets the requirements of regulatory authorities, enhancing decision-making efficiency and ensuring compliance and asset safety[194]. - The company has not reported any significant deficiencies in its internal control system during the reporting period[195]. - The company has received a standard unqualified opinion in its internal control audit report for the year 2021[196]. Research and Development - The company launched 25 new sewing machine models and several new cutting machines, enhancing its product line significantly[30]. - The company established a comprehensive R&D platform to improve product quality and efficiency, integrating various technologies into its offerings[30]. - Research and development expenses rose to 384,501.42 million yuan, marking an increase of 86.03% year-on-year[75]. - The company added 1,384 R&D personnel, which constitutes 15.51% of the total workforce, indicating a strong focus on innovation[96]. - The company is investing in research and development to strengthen its technological capabilities, particularly in IoT, automation, and robotics[130]. Market Expansion and Sales - Domestic sales increased by 106.89% year-on-year, while overseas sales grew by 40.39%[31]. - The company completed an annual production of 3.09 million units, enhancing production capacity while maintaining quality[32]. - The export value of sewing machinery products reached 3.145 billion USD, a year-on-year increase of 33.12%[39]. - The company is focusing on expanding channels and enhancing store efficiency, establishing a service center in Hangzhou to improve service skills[31]. - The company is exploring overseas markets by establishing model points for large clients to penetrate the mid-to-high-end market[132]. Environmental Responsibility - The company reported a total wastewater discharge of 28,318.5 tons in 2021, with specific pollutant concentrations including an average chemical oxygen demand of 62.037 mg/L[198]. - The company has been recognized as a key pollutant discharge unit, focusing on clean production and sustainable development[198]. - The company adheres to the "Comprehensive Wastewater Discharge Standards" GB8978-1996, with COD standards set at ≤500 mg/L and ammonia nitrogen at ≤35 mg/L[199]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, responsible for decision-making and reporting to the shareholders[146]. - The supervisory board consists of 3 members, ensuring oversight of the company's financial status and management performance[146]. - The company has a well-defined shareholder meeting system, with the shareholders' meeting being the highest authority[146]. - The company has implemented measures to maintain the independence of its assets, personnel, and operations, with no significant issues reported[147]. Employee Development - The company emphasizes talent development and has established a multi-channel career development system for its employees[68]. - The company has launched an online platform in 2021 to enhance professional knowledge and skills[178]. - Internal training programs have been implemented to strengthen organizational capabilities, including various specialized training classes for management and technical staff[176]. - The company’s compensation policy is linked to performance, with a structure that includes base salary, overtime pay, benefits, and performance bonuses[174].