Proya(SH:603605)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was approximately CNY 4.63 billion, representing a year-over-year increase of 23.47% compared to CNY 3.75 billion in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately CNY 576.12 million, an increase of 21.03% from CNY 476.01 million in 2020[17]. - The net cash flow from operating activities for 2021 was approximately CNY 829.67 million, showing a significant increase of 150.24% compared to CNY 331.55 million in 2020[17]. - The company's total assets at the end of 2021 were approximately CNY 4.63 billion, reflecting a year-over-year growth of 27.39% from CNY 3.64 billion in 2020[17]. - The basic earnings per share for 2021 was CNY 2.87, which is a 21.10% increase from CNY 2.37 in 2020[18]. - The company reported a weighted average return on equity of 22.25% for 2021, an increase of 0.43 percentage points from 21.82% in 2020[18]. - The company reported a total investment in joint ventures of 184,630,004.86 million RMB, with a book value of 169,959,536.27 million RMB after impairment provisions[97]. - The company reported a significant increase in online revenue, which grew by 49.54% year-on-year[68]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q4 2023, representing a 25% year-over-year growth[120]. Dividend and Capital Increase - The company plans to distribute a cash dividend of 8.60 RMB per 10 shares and to increase capital by 4 shares for every 10 shares held, resulting in a total cash dividend payout of approximately 172.87 million RMB and a capital increase of 80.40 million shares based on the total share capital as of December 31, 2021[3]. - The company plans to distribute cash dividends of ¥144,804,186.00, which is ¥7.20 per 10 shares, to shareholders[148]. - The company aims to maintain a stable profit distribution policy, with cash dividends not less than 20% of the distributable profits for the year[148]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the authenticity and completeness of the financial report[2]. - The internal control audit report issued by Tianjian Accounting Firm confirmed effective financial reporting internal controls as of December 31, 2021[154]. - The company has established a governance structure that complies with relevant laws and regulations, enhancing operational standards and investor relations[108]. - The company did not receive any penalties from securities regulatory authorities in the past three years[125]. - The company has not reported any violations or penalties against its directors, supervisors, senior management, or controlling shareholders during the reporting period[186]. Risk Management - The company has detailed the risks it may face in the "Management Discussion and Analysis" section of the report, indicating a proactive approach to risk management[5]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting the importance of investment risk awareness[4]. - The company faces industry competition risks, including intensified brand competition and marketing expenditure control challenges[107]. - There are risks associated with new brand incubation and product category development, with significant marketing investments and performance expectations[107]. - The company is exposed to uncertainties from the COVID-19 pandemic and international geopolitical issues affecting the supply chain[107]. Strategic Focus and Development - The company has outlined its future development discussions and analyses, indicating a strategic focus on growth and market expansion[5]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[1]. - The company plans to enhance its multi-brand matrix in 2022, focusing on skincare, makeup, and hair care products to meet diverse consumer needs[102]. - The company aims to strengthen its R&D capabilities by establishing international research laboratories and collaborating with leading biotech and life science institutions[104]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 500 million yuan allocated for this purpose[116]. Marketing and Sales Strategy - The company plans to enhance its brand image and marketing efforts, leading to an increase in promotional expenses to 36.12% of sales[32]. - The marketing strategy includes social responsibility initiatives and collaborations with notable entities, such as a partnership with China's space program, enhancing brand image and consumer engagement[40]. - The company has successfully increased self-broadcast sales on Douyin and Kuaishou, surpassing influencer sales, and has optimized product structures to improve profitability[41]. - A new marketing strategy has been implemented, aiming to increase brand awareness by 40% through digital channels[116]. - The company has established partnerships with three major retailers to enhance distribution channels, expected to boost sales by 15%[116]. Research and Development - The company's R&D expense ratio was 1.65%, with R&D expenses increasing by 4.38 million yuan year-on-year[32]. - The company obtained 19 new national invention patents during the reporting period, bringing the total to 92 authorized invention patents, 19 utility model patents, and 90 design patents, totaling 201 patents[44]. - Research and development investments have increased by 30%, focusing on innovative technologies in cosmetics[116]. - The company is focused on product development based on industry big data and consumer insights, aiming to exceed consumer expectations through scientific formulation and optimal raw material selection[106]. Operational Efficiency - The organization strategy focuses on a digital middle platform to enhance operational efficiency and ROI, promoting a self-driven process[42]. - The company is enhancing its supply chain through automation and digitalization, with the construction of a new intelligent logistics center and multiple distribution warehouses across the country[45]. - The accounts receivable turnover rate improved to 21.88 times, driven by a 23.47% increase in revenue and a 51.34% reduction in accounts receivable[32]. - The company has implemented centralized management of subsidiaries, with the headquarters responsible for overall strategic planning[153]. Employee and Management Structure - The company employed a total of 2,844 staff members, with 960 in the parent company and 1,884 in major subsidiaries[143]. - The workforce includes 2,173 sales personnel, 269 production staff, 159 R&D employees, and 243 management staff[143]. - The company has a diverse management team with extensive experience in the cosmetics industry, including leadership roles in multiple subsidiaries[114]. - The company emphasizes employee training and development as a priority, utilizing both online and offline learning methods[145]. Environmental Responsibility - The company actively responded to national carbon neutrality goals by implementing low-carbon and green manufacturing initiatives, including the purchase of high-efficiency, low-energy emulsification equipment[157]. - The company has established a solid waste management system, allowing for annual pre-declaration of hazardous waste generation and public bidding for disposal units, ensuring data tracking and risk prevention[157]. - The company has upgraded its wastewater treatment facilities to high-efficiency MBR membranes, contributing to lower energy consumption and emissions[157]. - The company is committed to environmental responsibility and pollution prevention as part of its corporate social responsibility initiatives[161].