xinje(SH:603416)2022-04-22 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,299,333,197.49, representing a 14.54% increase compared to CNY 1,134,392,413.28 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 303,609,133.80, a decrease of 8.46% from CNY 331,677,604.32 in 2020[19]. - The net profit after deducting non-recurring gains and losses was CNY 265,086,018.61, down 11.33% from CNY 298,960,484.01 in 2020[19]. - The cash flow from operating activities for 2021 was CNY 178,431,431.08, a decline of 13.68% compared to CNY 206,697,307.96 in 2020[19]. - Basic earnings per share decreased by 8.48% to CNY 2.16 compared to CNY 2.36 in 2020[20]. - The weighted average return on equity dropped by 6.16 percentage points to 18.24% from 24.40% in 2020[20]. - The company achieved total revenue of 1,299.33 million yuan, representing a year-on-year growth of 14.54%[48]. - The net profit attributable to shareholders was 303.61 million yuan, a decrease of 8.46% compared to the same period last year[48]. Assets and Liabilities - The total assets at the end of 2021 were CNY 2,402,316,707.27, an increase of 8.37% from CNY 2,216,714,904.23 at the end of 2020[19]. - The total liabilities decreased to RMB 625,227,796.80 in 2021 from RMB 704,423,932.59 in 2020, representing a reduction of about 11.2%[186][187]. - The total equity attributable to shareholders increased to RMB 1,775,967,423.71 in 2021, up from RMB 1,511,899,969.46 in 2020, indicating a growth of approximately 17.5%[187]. - Cash and cash equivalents rose to RMB 134,007,090.01 in 2021 from RMB 103,106,430.78 in 2020, marking an increase of about 30%[185]. Revenue Streams - Revenue from programmable controllers increased by 5.17% to CNY 516 million, with a gross margin of 57.51%[29]. - Sales revenue from the drive system segment grew by 24.85% to CNY 531 million, enhancing market share[31]. - The human-machine interface segment achieved sales of CNY 213 million, reflecting steady growth[31]. - The intelligent device segment generated revenue of CNY 25.1 million, with a high degree of self-manufacturing[31]. Research and Development - Research and development expenses rose to CNY 108,169,269.40, marking a 39.99% increase as the company intensified its R&D investments[49]. - The company has authorized a total of 47 invention patents, 47 utility model patents, 30 design patents, and 44 software copyrights, showcasing its strong innovation capabilities[45]. - The company plans to maintain over 8% of sales revenue for R&D investment, focusing on optimizing programmable controllers and enhancing servo control performance[77]. Market Position and Strategy - The company operates in the industrial automation control products sector, focusing on research, production, and sales, and has become a leading supplier of comprehensive automation solutions[37]. - The domestic PLC market is primarily dominated by foreign brands, but the company has been expanding its market share through innovation and localized services[39]. - The company aims to maintain its market leadership in programmable controller products and increase market share in servo systems[74]. - The automation industry in China is expected to maintain robust growth, supported by government policies and the ongoing demand for manufacturing upgrades[34]. Risks and Challenges - The company has outlined potential risks including macroeconomic and market risks in its report[7]. - Increased competition from foreign enterprises in the industrial automation market poses a risk, necessitating continuous product innovation and management efficiency improvements[81]. - The company faces risks from macroeconomic fluctuations, which could impact market demand, particularly in the machinery equipment sector[80]. Governance and Compliance - The company maintains strict compliance with information disclosure regulations, enhancing confidentiality awareness among relevant personnel to avoid violations[89]. - The supervisory board's operations are conducted in accordance with the Company Law and the Articles of Association, ensuring legal and effective decision-making processes[89]. - The company has established a dedicated team for investor relations, ensuring effective communication while adhering to disclosure rules[89]. Future Outlook - The company aims for a sales revenue growth of 15%-25% and a net profit growth of 5%-15% for 2022, contingent on market conditions and team efforts[77]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[126]. - New product launches are expected to contribute an additional $500 million in revenue over the next year[127].