KINGCLEAN(SH:603355)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥7.95 billion, representing a year-on-year increase of 26.51%[27]. - Net profit attributable to shareholders for 2021 was approximately ¥502.59 million, an increase of 53.24% compared to 2020[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 8.07% to approximately ¥438.90 million[27]. - The net cash flow from operating activities decreased by 53.05% to approximately ¥477.30 million, primarily due to increased accounts receivable and inventory[30]. - The company's total assets at the end of 2021 were approximately ¥8.91 billion, a year-on-year increase of 25.05%[27]. - Basic earnings per share for 2021 were ¥0.87, up 7.41% from ¥0.81 in 2020[29]. - The company's total liabilities increased by 54.08% to 5.67 billion RMB, resulting in a debt-to-asset ratio of 63.60%[73]. - The gross margin for the home appliance sector was 21.94%, a decrease of 3.97 percentage points compared to the previous year[78]. Dividend Distribution - The profit distribution plan for 2021 proposes a cash dividend of RMB 10 per 10 shares, totaling RMB 574,335,860 based on a total share capital of 574,690,900 shares[6]. - The company plans to maintain the dividend distribution ratio even if the total share capital changes before the dividend distribution date[6]. - For the 2021 fiscal year, the company plans to distribute a cash dividend of 10.00 CNY per 10 shares, amounting to a total of 574,335,860 CNY, with a cash dividend ratio of 114.28% of the net profit attributable to shareholders[197]. Market and Business Development - The company plans to continue expanding its market presence and investing in new product development[30]. - The company's three main business segments all achieved growth, with self-owned brand sales increasing by 43%[29]. - The company plans to continue expanding its product lines and enhancing brand influence through marketing campaigns and partnerships[48]. - The company aims to enhance its competitive strength and profitability through the industrialization of core technologies and the expansion of its product structure[51]. - The company is committed to a sustainable development path driven by innovation and self-owned brands, adapting to the rapidly changing market environment[52]. Research and Development - The company invested 1.2 billion RMB in R&D and marketing for its self-owned brand, a 75% increase year-on-year[46]. - R&D expenses increased by 40.44% year-on-year, amounting to 436 million RMB, which is 5.48% of total revenue[67]. - The company filed 336 patent applications in 2021, with 117 being invention patents, and has over 1,653 authorized patents in total[67]. - The company has established a training management platform to support its talent development ecosystem, ensuring effective training processes and standards[188]. Risk Management - The company has ensured the authenticity, accuracy, and completeness of the annual report through its board and management[4]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors[7]. - The company faces risks from fluctuations in raw material prices, including plastic particles, copper, silicon steel sheets, and electronic components, which could impact production costs and profits[132]. - The company's foreign sales revenue constitutes a significant portion of its main business income, making it vulnerable to exchange rate fluctuations, particularly with the RMB's volatility against the USD[134]. Corporate Governance - The company has established a robust internal control system to enhance risk management and operational standards[142]. - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with legal requirements and effective governance[138]. - The company actively engages with investors through various communication channels, maintaining good investor relations and transparency[142]. - The company emphasizes the importance of maintaining the rights of minority shareholders and improving governance practices for sustainable development[143]. Employee and Management - The total pre-tax remuneration for all listed executives amounted to 5,918,500 RMB[154]. - The company has established a differentiated compensation system for various employee roles, including basic salaries and performance-based incentives for R&D and sales personnel[187]. - The company reported a total of 8,861 employees, with 4,493 in the parent company and 4,368 in major subsidiaries[184]. - The management team has extensive experience, with key members serving since 2008, indicating stability and continuity in leadership[154].