捷昌驱动(603583) - 2021 Q4 - 年度财报

Financial Performance - The company achieved a revenue of CNY 2,636,980,919.92 in 2021, representing a 41.15% increase compared to the previous year[36]. - Net profit attributable to shareholders decreased by 33.29% to CNY 270,474,435.27, primarily due to the restoration of tariffs and rising costs of raw materials and freight[36]. - The company's net cash flow from operating activities fell by 72.00% to CNY 138,481,904.79[23]. - The total assets increased by 54.43% to CNY 6,506,379,766.98 at the end of 2021[23]. - The basic earnings per share decreased to CNY 0.71, down 37.72% from the previous year[26]. - The weighted average return on equity dropped to 7.43%, a decrease of 10.21 percentage points from the previous year[26]. - The company reported a significant increase in government subsidies related to its normal business operations, amounting to CNY 18,359,492.10 in 2021[31]. - The company achieved operating revenue of RMB 2,636,980,919.92, representing a year-on-year growth of 41.15%[66]. - The net profit attributable to shareholders was RMB 270,474,435.27, a decline of 33.29% compared to the previous year[65]. - The gross profit margin decreased by 12.27 percentage points to 26.98% compared to the previous year[72]. Research and Development - The company's R&D expenses totaled ¥185,559,395.28, an increase of 82.32% year-on-year[37]. - The company completed 19 R&D projects, including smart health home bed control systems and wireless kitchen appliance control systems[38]. - Total R&D investment was 185.56 million RMB, representing 7.04% of operating revenue[88]. - The number of R&D personnel was 571, making up 16.88% of the total workforce[89]. - The company focuses on continuous technological innovation in linear drive products, which are primarily used in medical care, smart office, and smart home sectors, with plans to enhance performance in noise reduction, thrust increase, and mobility speed[142]. Corporate Governance - The company has obtained a total of 788 patents, including 49 domestic invention patents and 81 international invention patents, along with 63 software copyrights[56]. - The company is committed to enhancing corporate governance and transparency through regular performance briefings and compliance with regulations[44]. - The board of directors consists of 9 members, including 3 independent directors, and has held 5 meetings, adhering to governance regulations[149]. - The supervisory board, comprising 3 members, has held 4 meetings, ensuring oversight of significant matters and financial conditions[150]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, and operations, complying with governance standards[151]. - The company actively engages with investors through various communication channels to ensure timely information dissemination and protect investor rights[155]. Market and Strategic Initiatives - The company is actively planning the acquisition of Logic Endeavor Group GmbH, completed on July 5, 2021, to enhance its brand presence in the high-end furniture market in Europe and North America[43]. - The company aims to accelerate domestic market development, leveraging successful experiences from overseas markets[52]. - The company has established production bases in multiple countries, including the USA, Germany, and Malaysia, to enhance global service capabilities[60]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[175]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's R&D capabilities and is expected to close by Q3 2022[175]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and cyclical downturns in downstream industries, which could lead to reduced orders and inventory issues[132]. - The company is exposed to intense market competition, particularly from established foreign manufacturers with significant market share and brand recognition[132]. - The company has been affected by the COVID-19 pandemic, impacting raw material supply and logistics, especially for exports[133]. - The company has faced increased costs due to U.S. tariffs on exports, with a 25% tariff rate reinstated since August 2020[135]. - The company’s reliance on a concentrated customer base poses risks if demand from key clients changes[140]. Shareholder Information - The company plans to distribute a cash dividend of RMB 2.2 per 10 shares to all shareholders, subject to approval at the 2021 annual general meeting[6]. - The total number of shares held by the chairman Hu Renchang increased from 75,247,907 to 105,347,070, a change of 30,099,163 shares, attributed to capital reserve conversion[164]. - The total number of shares held by the general manager Lu Xiaojian increased from 47,223,428 to 66,112,799, a change of 18,889,371 shares, also due to capital reserve conversion[164]. - The total remuneration paid to directors, supervisors, and senior management in 2021 amounted to CNY 5,201,678.23[186]. - The company held five board meetings in 2021, with all resolutions passed without any objections[192].