King's Luck(SH:603369)2022-04-15 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥6.41 billion, representing a 25.12% increase compared to ¥5.12 billion in 2020[15]. - The net profit attributable to shareholders for 2021 was approximately ¥2.03 billion, reflecting a 29.50% increase from ¥1.57 billion in 2020[15]. - The net cash flow from operating activities reached approximately ¥3.02 billion, a significant increase of 170.31% compared to ¥1.12 billion in 2020[15]. - Basic earnings per share for 2021 reached CNY 1.6183, a 29.57% increase compared to CNY 1.2490 in 2020[17]. - The weighted average return on equity increased to 22.64% in 2021, up 2.39 percentage points from 20.25% in 2020[17]. - The company achieved operating revenue of 6.406 billion yuan, an increase of 1.287 billion yuan, representing a growth of 25.12% compared to the same period last year[32]. - The net profit attributable to shareholders of the listed company was 2.029 billion yuan, an increase of 462 million yuan, with a growth rate of 29.50% year-on-year[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 2.033 billion yuan, an increase of 475 million yuan, reflecting a year-on-year increase of 30.50%[32]. Assets and Liabilities - The total assets at the end of 2021 amounted to approximately ¥14.43 billion, a 21.79% increase from ¥11.85 billion at the end of 2020[16]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥9.30 billion, showing a 12.46% increase from ¥8.27 billion at the end of 2020[16]. - The total liabilities rose to ¥5,136,617,095.49 in 2021, compared to ¥3,583,761,444.62 in 2020, marking an increase of about 43.3%[177]. - The company's total equity reached ¥9,297,080,023.12 in 2021, up from ¥8,267,340,399.82 in 2020, reflecting a growth of approximately 12.4%[177]. - The company's total current liabilities reached ¥4,979,677,348.15 in 2021, up from ¥3,470,718,043.51 in 2020, representing a growth of approximately 43.4%[176]. Cash Flow - The company reported a net cash outflow from investment activities of ¥1,215,531,206.82, a significant increase compared to the previous year[33]. - The company achieved a net cash flow from operating activities of CNY 1,153,581,084.58 in Q4 2021[19]. - The total cash inflow from operating activities was approximately CNY 8.67 billion, a rise of 48.5% compared to CNY 5.83 billion in 2020[189]. - The net cash flow from operating activities was CNY 1,132,924,380.73, a significant improvement from a negative cash flow of CNY -192,024,478.99 in the previous year[191]. Research and Development - Research and development expenses increased by 36.39% to ¥30,414,066.89, reflecting a significant investment in innovation[33]. - The company has established partnerships with research institutions and universities, focusing on food safety control and solid-state brewing process optimization[31]. - The company holds 215 patents, including 31 invention patents, and has received over 20 awards for its technological advancements in the brewing industry[31]. - The company employed 172 R&D personnel, making up 4.57% of the total workforce[45]. Marketing and Sales - The company launched the "V9" product, positioning it as a "new classic of sauce aroma," contributing to brand enhancement[28]. - The marketing strategy included a comprehensive communication matrix, enhancing brand visibility through partnerships with national media and participation in high-profile events[24]. - The company achieved a steady growth in key economic indicators, marking a good start for the "14th Five-Year Plan" period[24]. - The sales volume of white liquor reached 31,994.80 kiloliters, a slight increase of 0.76% compared to the previous year[37]. - The sales revenue from the direct sales model increased by 49.71%, with a gross margin of 85.15%[36]. Corporate Governance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[2]. - The board of directors consists of 11 members, with 4 independent directors, ensuring compliance with legal requirements for corporate governance[78]. - The company held one shareholders' meeting in 2021, where 8 proposals were approved, demonstrating effective governance practices[78]. - The internal control system has been strengthened, with a self-evaluation report confirming the effectiveness of key business process controls[79]. Social Responsibility - The company donated 10 million yuan to the Nanjing Charity Federation to support pandemic prevention efforts, demonstrating social responsibility[25]. - The company donated 3 million yuan to the Jiangsu Provincial Poverty Alleviation Foundation and 200,000 yuan to the Zhenjiang Charity Federation for social poverty alleviation efforts[130]. Future Outlook - The company aims to achieve a revenue target of 7.5 billion yuan for 2022, with a goal of reaching 8 billion yuan[74]. - The net profit target for 2022 is set at 2.25 billion yuan, with aspirations to reach 2.35 billion yuan[74]. - The company plans to deepen product, channel, and management transformations to support e-commerce growth[66]. - Future guidance indicates a targeted revenue growth of approximately 5% for the upcoming fiscal year[86].