Aupu(SH:603551)2022-04-28 16:00Financial Performance - In 2021, the company's operating revenue reached ¥2,058,098,466.60, representing a 29.19% increase compared to ¥1,593,026,259.54 in 2020[22]. - The net profit attributable to shareholders was ¥31,051,782.56, a significant decrease of 83.56% from ¥188,898,972.82 in 2020[22]. - The basic earnings per share dropped to ¥0.07, down 85.42% from ¥0.48 in 2020[23]. - The weighted average return on equity decreased to 1.84%, down 9.37 percentage points from 11.21% in 2020[23]. - The total profit for the year was CNY 50 million, a significant decline of 77.98% year-on-year[61]. - The company achieved a revenue of CNY 2.058 billion in 2021, representing a 29.19% increase compared to the previous year[61]. Cash Dividends and Share Repurchase - The company plans to distribute a cash dividend of 6.00 RMB per 10 shares, totaling 237,916,800 RMB, which accounts for 766.19% of the net profit attributable to shareholders for 2021[5]. - The share repurchase amount reached 51,020,396.55 RMB, representing 164.31% of the net profit attributable to shareholders for 2021, resulting in a cash dividend ratio of 930.50%[5]. - The company does not plan to increase capital reserves or issue bonus shares for the 2021 fiscal year[5]. - The company plans to distribute at least 15% of the distributable profits as cash dividends annually, subject to certain conditions[135]. - The company's cash dividend policy prioritizes cash distribution over stock distribution, ensuring sustainable operations[135]. Risk Management and Compliance - The company has detailed potential risk factors in the management discussion and analysis section of the report[9]. - The company has implemented a comprehensive risk management system to enhance financial warning capabilities and strengthen fund usage supervision[146]. - The company has taken measures to mitigate the impact of COVID-19 on its operations, although future outbreaks may still pose risks[96]. - The company strictly adheres to the Shanghai Stock Exchange's disclosure rules, ensuring timely and accurate reporting of financial information[100]. - The company has committed to fulfilling all obligations related to shareholding and reduction as per the regulatory framework[161]. Market Position and Strategy - The company is a leader in the bathroom heater and integrated ceiling industry, maintaining a long-term focus on product quality and innovation, and has received multiple honors, including being recognized as a "Demonstration Enterprise of Brand" by the Zhejiang Provincial Market Supervision Administration[42]. - The company is focusing on digital marketing and live streaming to engage younger consumers and drive sales growth[33]. - The company is actively exploring new channels and enhancing existing ones, with most distributors utilizing three or more channel resources[40]. - The company is positioned to benefit from the integration of various industries, creating a comprehensive home solution platform to meet consumer demands for one-stop shopping[42]. - The company has established partnerships with 12 out of the top 20 real estate companies, adapting to market changes[33]. Research and Development - R&D expenses amounted to 101 million, accounting for 4.9% of total revenue, indicating a strong focus on innovation[32]. - The company holds a total of 510 proprietary patents, including 16 invention patents, 331 utility model patents, and 163 design patents[55]. - The company invested in high-precision, energy-efficient injection molding machines to enhance production efficiency and reduce costs[34]. - The company has established strategic partnerships with top universities and research institutions to enhance its innovation capabilities[56]. - The company is investing in new technology development, allocating $50 million towards R&D initiatives aimed at enhancing product features and user experience[116]. Corporate Governance - The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the annual report[10]. - The company has implemented measures to maintain the independence of its operations, ensuring no significant conflicts with controlling shareholders[100]. - The company has engaged in various investor communication methods, enhancing transparency and investor relations[100]. - The company plans to strengthen corporate governance and compliance with legal regulations to protect shareholder interests[100]. - The company has established a reasonable performance evaluation system and incentive mechanism for senior management, with annual assessments based on operational goals set by the board[144]. Investments and Subsidiaries - The company invested a total of 864 million yuan in Zhejiang Aopu Technology Co., holding an 86.4% equity stake[81]. - The company made a 1 billion yuan investment in Zhejiang Aopu Electronics Commerce Co., acquiring a 100% equity stake[81]. - The company has established several wholly-owned subsidiaries to promote e-commerce channel development, including Zhejiang Aopu Electric E-commerce Co., Ltd. and Zhejiang Aopu Home E-commerce Co., Ltd.[83]. - The company has established multiple subsidiaries to enhance its market presence and expand its product offerings in the e-commerce sector[83]. - The company holds a 63.85% stake in Hunan Aopu Zhongke Chuangxing New Energy Venture Capital Partnership, with an investment of 42.5 million[84]. Employee and Management - The company employed a total of 1,180 staff, with 629 in sales, 355 in production, and 90 in technical roles[130]. - The company has implemented various training programs to enhance employee skills and management capabilities[132]. - The company has a competitive salary structure, aligning employee compensation with performance and market standards[131]. - The company’s employee education level is high, with 781 employees holding a college degree or above[130]. - The company has implemented a talent development program to enhance its workforce and improve management capabilities[93]. Shareholder Information - The company reported a total of 256,753,136 shares held by directors and senior management at the beginning of the reporting period, with a slight decrease to 256,698,240 shares by the end[106]. - The total number of shares increased from 400,010,000 to 405,960,000 due to the issuance of 5,950,000 new shares[195]. - The shareholding structure shows that foreign investors held 266,273,661 shares, accounting for 65.59% of total shares after the recent changes[195]. - The company’s total share capital increased by 1.49% due to the stock incentive plan[198]. - The company plans to grant an additional 455,000 restricted shares with a registration date of November 30, 2021[197].