Hexing(SH:603556)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,691,084,904.33, a decrease of 4.09% compared to ¥2,805,952,366.54 in 2020[15]. - The net profit attributable to shareholders for 2021 was ¥313,773,188.01, down 34.79% from ¥481,204,578.43 in 2020[15]. - The net cash flow from operating activities decreased by 64.67% to ¥145,466,631.77 in 2021 from ¥411,727,242.18 in 2020[15]. - Basic earnings per share for 2021 were ¥0.64, a decline of 34.69% compared to ¥0.98 in 2020[16]. - The weighted average return on equity for 2021 was 5.81%, down 3.00 percentage points from 8.81% in 2020[16]. - The total assets at the end of 2021 were ¥7,208,255,470.41, an increase of 1.98% from ¥7,068,558,101.34 at the end of 2020[15]. - The net assets attributable to shareholders increased by 1.24% to ¥5,451,774,818.15 at the end of 2021 from ¥5,385,146,907.59 at the end of 2020[15]. - The company reported non-recurring gains of ¥184,659,656.71 in 2021, compared to ¥182,879,825.23 in 2020[19]. - The company achieved operating revenue of 2,691.08 million yuan, a year-on-year decrease of 4.09%, and a net profit attributable to the parent company of 313.77 million yuan, down 34.79% year-on-year[21]. Cash Flow and Investments - The net cash flow from operating activities decreased by 64.67% to approximately ¥145.47 million, attributed to increased payments for goods[49]. - The company’s investment activities resulted in a net cash outflow of CNY 548,739,533.88, a 135.73% decrease compared to the previous year[60]. - The total cash inflow from investment activities was ¥3,053,995,074.70, down 55.14% from ¥6,769,730,227.31 in the previous year[174]. - The net cash flow from investment activities was -¥520,006,096.22, compared to a positive cash flow of ¥1,151,829,558.84 in 2020[174]. - The cash flow from financing activities showed a net outflow of -¥214,991,023.00, compared to -¥127,962,554.09 in the previous year[175]. Research and Development - The company invested 226.07 million yuan in R&D, accounting for 8.40% of operating revenue, focusing on IoT and AI technologies to enhance product competitiveness[23]. - The number of R&D personnel was 825, accounting for 34.65% of the total workforce[59]. - The company has invested 100 million CNY in R&D for new technologies, focusing on renewable energy solutions and smart grid technologies[95]. - Research and development expenses for 2021 were CNY 226,073,038.13, a decrease from CNY 240,389,500.54 in 2020[166]. Market and Product Development - The overseas market generated main business revenue of 1,626.99 million yuan, a decline of 9.13%, while the domestic market revenue reached 1,031.06 million yuan, an increase of 4.06%[21]. - Revenue from smart electricity products and systems was 2,312.03 million yuan, down 9.11%, while revenue from smart distribution products and systems increased by 36.21% to 315.07 million yuan, and revenue from new energy products surged by 387.89% to 30.96 million yuan[21]. - The company aims to expand its domestic market presence and accelerate the deployment of new energy business[22]. - The company is focused on developing distributed energy and microgrid capabilities, aiming to become a leading player in the international market for these sectors[32]. Governance and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[2]. - The company emphasizes the importance of the accuracy and completeness of the annual report, with management taking legal responsibility for its content[1]. - The company has established specialized committees, including an audit committee and a nomination committee, to enhance governance[103]. - The company has not faced any penalties from securities regulatory authorities in the past three years[98]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares to all shareholders, with the total share capital adjusted for repurchased shares[3]. - The total number of ordinary shareholders as of the end of the reporting period is 23,830, an increase from 23,210 in the previous month[143]. - The company has committed to not reducing its shareholdings in the company for two years after the lock-up period, ensuring stability for investors[125]. Social Responsibility and Sustainability - The company actively participated in social responsibility initiatives, contributing a total of 965,500 RMB to various charitable activities, including disaster relief and poverty alleviation efforts[124]. - The company has implemented measures to reduce carbon emissions, including optimizing processes and increasing the reuse rate of raw materials, in response to national "carbon neutrality" goals[120]. - The company has a volunteer team of nearly 100 members, engaging in over 20 volunteer activities in 2021, with a total of 603 participants[123]. Financial Management and Investments - The total amount of guarantees provided to subsidiaries during the reporting period is 57,108,000 RMB, with a total guarantee balance of 101,737,900 RMB at the end of the period[134]. - The company has a total of CNY 950,000,000 in outstanding balance from other financial products[135]. - The annualized return rate for entrusted financial management products ranges from 3.00% to 7.00%[136]. - The company has committed CNY 200,000,000 to private equity investments with a return rate of 12%[140]. Operational Efficiency and Strategy - The company plans to optimize product structure and reduce supply chain complexity to improve overall operational efficiency amid challenging external conditions[22]. - The company has established a core management theme of "3+1" (contracts, revenue, profit + risk control) to enhance operational efficiency and risk management[24]. - The management team has outlined a new strategy to enhance operational efficiency, aiming for a 5% reduction in operational costs by the end of 2022[95].