Taihe Intelligent(SH:603656)2022-04-08 16:00Financial Performance - The company reported a total distributable profit of RMB 489,841,073.25 as of December 31, 2021[5]. - The company's operating revenue for 2021 was ¥518,571,777.17, representing a 9.23% increase compared to ¥474,759,159.52 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥38,404,699.89, a decrease of 11.56% from ¥43,422,128.61 in 2020[21]. - The total profit was 40.25 million yuan, a decrease of 17.40% year-on-year[53]. - The net cash flow from operating activities for 2021 was -¥10,606,641.94, a decline of 142.24% compared to ¥25,110,812.65 in 2020[22]. - The total assets at the end of 2021 were ¥1,255,910,199.85, an increase of 4.85% from ¥1,197,844,363.80 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥0.26, down 10.34% from ¥0.29 in 2020[22]. - The weighted average return on equity for 2021 was 3.93%, a decrease of 0.66 percentage points from 4.59% in 2020[22]. - The company reported a net profit of -¥8,644,805.50 after deducting non-recurring gains and losses, a significant drop of 138.78% from ¥22,291,341.86 in 2020[23]. Dividend Distribution - A cash dividend of RMB 1.00 per 10 shares (including tax) is proposed, resulting in a total cash dividend distribution of RMB 15,144,543.50[5]. - The cash dividend payout ratio for the year is 39.43%[5]. - The total cash dividend distribution, including the buyback, amounts to RMB 35,240,695.70, leading to a cash dividend payout ratio of 91.76%[6]. - The company plans to maintain the per-share distribution ratio even if the total share capital changes due to various corporate actions[6]. - The cash dividend policy stipulates that at least 20% of the distributable profit should be distributed in cash if the net profit is positive[134]. - The company committed to distributing cash dividends of no less than 20% of the distributable profits when the net profit for the year is positive[154]. Share Buyback and Equity Management - The company executed a share buyback amounting to RMB 20,096,152.20, which is considered as part of the cash dividend distribution[6]. - The company implemented a stock repurchase plan amounting to 20.10 million, aimed at incentivizing core employees through an employee stock ownership plan[37]. - The company has implemented a stock repurchase program to manage its equity structure effectively[106]. - The company completed the repurchase and cancellation of 25,000 shares of restricted stock held by two departed incentive objects on March 31, 2021[138]. - The company plans to use between RMB 20 million and RMB 40 million for share repurchase, with a maximum price of RMB 18.42 per share[189]. - The company has repurchased and canceled a portion of restricted stocks, reducing the total number of shares[187]. Research and Development - R&D expenses amounted to 64.26 million yuan, representing a 16.24% increase compared to the previous year[56]. - The company has a professional technical team of over 200 members, including 70 with master's degrees, ensuring strong R&D capabilities[49]. - The company holds over 300 patents and software copyrights, including more than 40 invention patents[49]. - The company aims to increase R&D investment in smart sorting, packaging, and loading technologies to meet differentiated market demands[92]. Market and Operational Strategy - The company is strategically focusing on the intelligent coal dry selection machine as a key development direction in line with national "dual carbon" goals[33]. - The company achieved a revenue of 519 million, representing a year-on-year growth of 9.23% despite challenges from the pandemic and rising costs of raw materials and shipping[31]. - The company has adopted innovative supply chain management practices to mitigate the impact of rising raw material prices and labor costs[35]. - The company is focused on expanding its market presence and developing new technologies to drive future growth[108]. Corporate Governance and Compliance - The company adheres to legal regulations and has improved its corporate governance structure, ensuring transparency and protecting shareholder rights[98]. - The company operates independently from its controlling shareholders and related enterprises, maintaining a complete supply, production, and sales system[101]. - The company has established an independent financial department with a dedicated accounting system and tax compliance[101]. - The company has committed to ensuring that its initial public offering prospectus does not contain false records or misleading statements[156]. Environmental Responsibility - The company has implemented measures to ensure compliance with environmental standards, achieving a purification efficiency of approximately 98% for various emissions[146]. - Wastewater from production processes is treated to meet standards before being discharged into the municipal sewage system[146]. - The company did not receive any administrative penalties related to environmental issues during the reporting period[146]. - The company disclosed its social responsibility efforts in its annual report, including measures to reduce carbon emissions[149]. Employee Management and Development - The company has established a comprehensive talent management system to optimize talent structure and improve employee quality[37]. - The company has implemented a training program combining internal and external training to enhance employee skills and knowledge[132]. - The company has a total of 1,097 employees, with 777 in the parent company and 320 in major subsidiaries[129]. - The employee composition includes 341 production personnel, 185 sales personnel, 394 technical personnel, 15 financial personnel, and 162 administrative personnel[129]. Related Party Transactions - The company reported a total of 1,308.31 million RMB for services provided by related parties, with an expected amount of 1,300 million RMB[171]. - The company purchased raw materials from related parties amounting to 159.46 million RMB, exceeding the expected amount of 100 million RMB[171]. - The company sold coal separation equipment to a related party for 1,053.10 million RMB, with an expected amount of 3,000 million RMB[172]. - The company transferred 30% equity of a subsidiary for 6 million RMB to a related party, completing the transaction as of the report date[173].