XCC(SH:603667)2022-04-27 16:00Financial Performance - The net profit attributable to shareholders for 2021 was ¥123,510,441.18, while the net profit for the parent company was ¥102,700,152.84[7] - The proposed cash dividend is ¥1.80 per 10 shares (including tax), with a total distribution amounting to approximately ¥54,219,359.16[7] - The company plans to allocate 10% of the parent company's net profit, amounting to ¥10,270,015.28, to the statutory surplus reserve[7] - The total distributable profit for shareholders at the end of the year was ¥460,149,723.51 after accounting for previous undistributed profits and dividends paid[7] - The company's operating revenue for 2021 was approximately ¥2.42 billion, representing a 38.15% increase compared to ¥1.75 billion in 2020[25] - Net profit attributable to shareholders for 2021 was approximately ¥123.51 million, a significant increase of 98.89% from ¥62.10 million in 2020[25] - The net profit after deducting non-recurring gains and losses was approximately ¥85.78 million, reflecting a 122.07% increase from ¥38.63 million in 2020[25] - The company's total assets at the end of 2021 reached approximately ¥4.23 billion, a 24.54% increase from ¥3.40 billion at the end of 2020[25] - The weighted average return on equity for 2021 was 6.64%, an increase of 3.14 percentage points from 3.50% in 2020[25] - The company experienced a net cash flow from operating activities of approximately ¥81.24 million, a decrease of 64.71% compared to ¥230.22 million in 2020[25] Business Operations and Acquisitions - The company completed the acquisition of 100% equity in Polish FLT Company in October 2021, which included related intermediary fees and taxes totaling approximately ¥6.89 million[29] - The company successfully acquired the European bearing sales company FLT, gaining 100% ownership of FLT Group and its six subsidiaries, enhancing its R&D and market presence in Europe[43] - The company acquired equity and trademarks from Poland's FLT, enhancing its international market capabilities[118] - The acquisition of FLT has transformed the customer structure, allowing the company to penetrate both automotive and industrial transmission markets, with FLT's sales previously relying 85% on external procurement[131] Research and Development - The company’s R&D capabilities improved significantly, with the national-level technology center scoring 80.9 points in the 2021 evaluation, ranking second in the bearing industry[45] - The company holds 180 patents, including 24 invention patents, and has established a national-level technology center and a CNAS-certified laboratory[59] - The company is focusing on developing components for new energy vehicles, becoming a first-tier supplier for BYD and entering new supply fields with major clients like Tesla and NIO[41] - The company has successfully developed high-end precision bearing rollers, achieving import substitution in the domestic market[45] - The company is engaged in multiple R&D projects, including the development of hub bearing sleeves and wind power bearing rollers, both at an advanced stage[102] Market Trends and Outlook - The forecast for 2022 predicts automotive sales to reach 27.5 million units, with new energy vehicles expected to reach 5 million units, indicating a strong market outlook for the automotive parts industry[51] - The company plans to focus on new energy sectors, including wind power rollers and automotive safety components, as new growth points over the next three to five years[58] - The company aims to produce 22 million wind power rollers annually, generating a revenue of 550 million RMB, while expanding its capacity to reach a target of 1 billion RMB in high-end precision bearing roller output[130] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[170] Governance and Compliance - The company held 4 shareholder meetings during the reporting period, including 3 extraordinary meetings and 1 annual meeting, ensuring compliance with regulations for shareholder rights[144] - The board of directors consists of 7 members, including 3 independent directors, and held 14 meetings during the reporting period, adhering to governance standards[145] - The supervisory board, comprising 3 members, conducted 13 meetings, fulfilling its oversight responsibilities effectively[146] - The company maintained strict compliance with information disclosure regulations, ensuring timely and accurate reporting of financial and operational information[149] Employee and Management Structure - The total number of employees in the parent company is 818[198] - The total number of employees in major subsidiaries is 3,388, bringing the total employee count to 4,206[198] - The number of production personnel is 2,928, accounting for approximately 69.5% of total employees[198] - The number of technical personnel is 521, which is around 12.4% of total employees[198] - The total remuneration for all directors, supervisors, and senior management was 5.2986 million yuan[183] Financial Management - The company reported a net cash outflow from investing activities of ¥291,199,310.70, which is a 15.44% increase in outflow compared to ¥252,243,608.52 last year[79] - The net cash flow from financing activities increased by 18.59% to ¥186,532,647.24, up from ¥157,294,364.40 in the previous year[79] - Cash and cash equivalents increased by 63.11% to ¥517,656,454.76, representing 12.24% of total assets, compared to 9.35% in the previous period[107] - The company reported a significant increase in sales expenses, rising by 69.39% to 43,866,675.58 CNY, primarily due to the reclassification of sales personnel salaries[97]