Tongda Electric(SH:603390)2022-04-27 16:00Financial Performance - In 2021, the company reported a net profit attributable to the parent company of -9,438,072.68 RMB, with a parent company net profit of -17,017,434.60 RMB[5]. - The company's operating revenue for 2021 was approximately ¥540.33 million, a decrease of 15.82% compared to ¥641.90 million in 2020[24]. - The net profit attributable to shareholders for 2021 was approximately -¥9.44 million, representing a decline of 121.47% from ¥43.96 million in 2020[24]. - The basic earnings per share for 2021 was -¥0.03, a decrease of 123.08% compared to ¥0.13 in 2020[25]. - The total assets at the end of 2021 were approximately ¥2.06 billion, down 1.28% from ¥2.09 billion at the end of 2020[24]. - The company's net assets attributable to shareholders decreased by 3.23% to approximately ¥1.67 billion at the end of 2021[24]. - The weighted average return on equity for 2021 was -0.56%, a decrease of 3.10 percentage points from 2.54% in 2020[25]. - The company reported a net cash flow from operating activities of approximately ¥34.43 million in 2021, a significant recovery from -¥90.38 million in 2020[24]. - The net profit attributable to shareholders of the listed company decreased due to a reduction in operating income and a decrease in cash management income compared to the same period last year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses also decreased primarily due to a decline in operating income compared to the same period last year[26]. Dividends and Profit Distribution - The company plans not to distribute cash dividends or issue bonus shares for the 2021 fiscal year due to negative net profit, aiming to ensure stable operations and long-term shareholder interests[5]. - The company’s profit distribution policy ensures that at least 30% of the average distributable profit over the last three years is distributed in cash[141]. Research and Development - The company invested 74,438,137.70 yuan in R&D, a year-on-year increase of 0.06%, accounting for 13.78% of the total operating income[35]. - The company launched 29 new R&D projects during the reporting period, including one municipal scientific research project[35]. - The company developed multiple solutions including a 5G edge computing gateway and cloud platform, which won the "Top Ten Technology Innovation Award in the Internet of Vehicles" for 2021[36]. - The company has been recognized as a high-tech enterprise and has established partnerships with universities for research and development, enhancing its technological capabilities[49]. - The company is committed to maintaining a leading position in technology by focusing on R&D investments and enhancing its product development capabilities, particularly in smart terminal systems[102]. Market and Business Strategy - The company is focusing on the development of smart transportation systems, integrating advanced information technology and communication technologies[13]. - The company plans to expand its market presence in the intelligent transportation and intelligent bus industries, which are seen as future growth trends[13]. - The company is actively exploring new business areas, including 5G mobile medical services and specialized vehicle production[38]. - The company aims to deepen its presence in the public transportation sector, targeting a higher proportion of intelligent products in commercial vehicles, while also exploring emerging fields through smart vehicle terminal technology[101]. - The company is focused on optimizing production lines to reduce costs and improve product quality, leveraging automation and smart technologies[103]. Governance and Compliance - The company has established internal control systems in compliance with relevant laws and regulations, with no significant deficiencies reported during the evaluation period[147]. - The internal control audit report issued by Tianjian Accounting Firm confirmed the effectiveness of the company's financial reporting internal controls, with a standard unqualified opinion[148]. - The company has a robust governance structure, with a board of directors consisting of 9 members, including 3 independent directors, ensuring effective oversight and compliance[112]. - The company has maintained a stable governance structure with no changes in the board or management personnel during the reporting period[125]. Environmental Responsibility - The company has implemented measures to manage various pollutants generated during production, including waste gas, solid waste, and wastewater, adhering to environmental regulations[152]. - The company has obtained ISO14001 environmental management system certification and conducts regular audits to ensure compliance and improvement[152]. - The company invested a total of CNY 1.0088 million in air pollution and wastewater treatment projects at the Tongda Electric Vehicle Internet Industrial Park during the reporting period[154]. - A donation of CNY 300,000 was made to the Alxa Ecological Foundation for desertification control efforts, supporting the maintenance of approximately 100 acres of planted vegetation[154]. Social Responsibility - The company employed 256 individuals from impoverished areas, contributing to poverty alleviation and ensuring stable income for these families[161]. - The company organized a clothing donation event to support impoverished areas, demonstrating its commitment to social responsibility[162]. - In 2022, the company plans to enhance its role in poverty alleviation and rural revitalization efforts, expanding the depth and breadth of its initiatives[162]. Shareholding and Stock Management - The company has made commitments regarding shareholding restrictions, including a 36-month lock-up period for major shareholders following the IPO[165]. - Major shareholders are restricted from selling more than 1% of their total shares within any 3-month period through open market transactions[166]. - The company will report any share reduction plans to the stock exchange 15 days prior to the first sale[166]. - The company will publicly explain any failure to fulfill shareholding commitments and apologize to shareholders[168]. Risk Management - The company has disclosed potential risk factors in its operations, which investors should be aware of[7]. - The company emphasizes the importance of investor awareness regarding investment risks related to future plans and strategies[6]. - The company is actively monitoring the impact of the COVID-19 pandemic on market demand and has implemented measures to safeguard employee health and business continuity[105].