Great Shengda(SH:603687)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was approximately CNY 1.66 billion, representing a 23.20% increase compared to CNY 1.35 billion in 2020[29]. - The net profit attributable to shareholders for 2021 was CNY 97.55 million, a decrease of 65.02% from CNY 278.83 million in 2020[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 61.29 million, which is a 62.45% increase from CNY 37.73 million in 2020[29]. - The net cash flow from operating activities for 2021 was CNY 14.09 million, down 91.44% from CNY 164.61 million in 2020[29]. - The total assets at the end of 2021 were approximately CNY 2.90 billion, a slight increase of 0.72% from CNY 2.88 billion at the end of 2020[29]. - The net assets attributable to shareholders at the end of 2021 were CNY 1.91 billion, reflecting a 5.46% increase from CNY 1.81 billion at the end of 2020[29]. - Basic earnings per share for 2021 were CNY 0.24, a decrease of 64.71% compared to CNY 0.68 in 2020[29]. - The weighted average return on net assets for 2021 was 5.28%, down 11.84 percentage points from 17.12% in 2020[29]. Dividend Distribution - The company plans to distribute a cash dividend of 0.24 CNY per 10 shares, totaling approximately 10,058,423.16 CNY (including tax), which represents a cash dividend ratio of 10.31% for the year 2021[6]. - The company will not conduct capital reserve transfers or bonus shares for the year 2021[6]. - The company aims to retain undistributed profits for strategic investments and operational needs, anticipating greater long-term returns for investors[164]. Risks and Governance - There are no significant risks that materially affect the company's operations during the reporting period[10]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The audit report issued by the accounting firm is a standard unqualified opinion, ensuring the accuracy of the financial report[5]. - The board of directors and senior management have confirmed the authenticity and completeness of the annual report[4]. - The company has established various governance policies to ensure transparency and compliance, including insider information management and internal reporting systems[118]. - No insider trading incidents were reported during the period, and the company has maintained a clean record with no significant legal violations in the past 36 months[118]. Market and Strategic Development - The company plans to continue expanding its market presence and invest in new product development to drive future growth[29]. - The company plans to continue optimizing its product structure and expanding market reach, particularly in the home appliance and e-commerce logistics sectors[32]. - The company is focusing on expanding its regional layout across China, with a core in Zhejiang, and accelerating its transformation and upgrade strategy[164]. - The company aims to enhance its competitive advantage through continuous management and technological innovation in cost, quality, and brand[104]. Research and Development - The company increased its investment in R&D, leading to the development of functional paper box products such as waterproof and flame-retardant boxes[48]. - The company has obtained 43 invention patents and 116 utility model patents as of the reporting period[63]. - Total research and development expenses amounted to 56,635,791.46 yuan, representing 3.40% of operating revenue[81]. - The company has allocated 50 million yuan for research and development in the upcoming year[134]. Employee and Management Structure - As of December 31, 2021, the company had 1,848 employees and emphasized talent development and training mechanisms[48]. - The company has a diverse employee composition, with 1,366 production staff, 265 technical staff, and 72 sales staff[159]. - The company has established a comprehensive employee training system to enhance overall employee skills and support business development[161]. - The average age of the executives listed is 50 years[124]. Compliance and Shareholder Rights - The company held 4 shareholder meetings during the reporting period, ensuring compliance with legal regulations and providing online voting to protect shareholders' rights[115]. - The company has established measures to prevent any direct or indirect competition with other businesses controlled by major shareholders[190]. - The commitments made by shareholders are valid and enforceable, ensuring the protection of all shareholders' interests[190]. - The company will adhere to legal regulations regarding share reduction and will disclose specific reduction plans as required[188]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 10% for the next fiscal year, targeting 1.32 billion yuan[134]. - The management team has outlined a new strategy focusing on sustainability, aiming for a 30% reduction in carbon footprint by 2025[136]. - The company plans to enhance production efficiency and cost control through standardized operations and management innovations in 2022[105].