Youon(SH:603776)2022-04-12 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, totaling approximately 23.07 million RMB (including tax) based on the total share capital of 233,425,866 shares as of March 31, 2022[5]. - The company has committed to maintaining the total cash distribution amount unchanged, adjusting the per-share cash dividend amount if there are changes in total share capital due to convertible bonds or other factors[5]. - The company plans to distribute cash dividends of ¥1 per 10 shares for the 2021 fiscal year, totaling approximately ¥23,067,586.60 (including tax)[129]. Financial Performance - The company's operating revenue for 2021 was approximately CNY 873.27 million, a slight increase of 0.04% compared to 2020[23]. - The net profit attributable to shareholders decreased by 91.13% to approximately CNY 43.84 million in 2021, primarily due to reduced investment income from Hello Inc. and currency fluctuations[24]. - The basic earnings per share dropped by 90.95% to CNY 0.20, reflecting the significant decline in net profit[24]. - The net cash flow from operating activities decreased by 55.41% to approximately CNY 157.03 million, attributed to increased raw material procurement and reduced receivables[24]. - The total assets at the end of 2021 were approximately CNY 4.81 billion, a decrease of 2.56% from the previous year[23]. - The weighted average return on equity fell to 1.31%, a decrease of 15.55 percentage points compared to 2020[23]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately CNY 38.02 million, down 69.28% from the previous year[23]. - The company's net assets attributable to shareholders at the end of 2021 were approximately CNY 3.40 billion, a slight decrease of 0.19% from 2020[23]. Market Expansion and Product Development - The company is focused on expanding its market presence in the shared mobility industry, which includes public bicycles and shared electric vehicles[12]. - The company is developing new technologies and products, including smart living systems and hydrogen vehicles, to enhance its service offerings[13]. - The company launched 1,000 hydrogen vehicle systems, becoming the first in the industry to operate large-scale hydrogen vehicle systems, which are expected to significantly boost future performance[34]. - The company has developed two hydrogen vehicle products, Y200 and Y400, and plans to expand its hydrogen energy product R&D and market promotion, leveraging a 50,000-unit fuel cell production line[34]. - The shared electric bicycle market in China is projected to exceed 10 billion RMB in revenue in 2022, with a forecast of over 20 billion RMB by 2025[37]. - The company is expanding its product offerings in smart home technology, leveraging IoT and big data to enhance user experience[50]. Research and Development - The company has over 200 patents related to core technologies in the hydrogen energy sector, indicating a strong focus on innovation[52]. - The company has 417 R&D personnel, accounting for 8.31% of the total workforce[73]. - Research and development expenses amounted to CNY 40,968,533.53, representing 4.69% of total operating revenue[72]. Corporate Governance and Compliance - The company has implemented measures to ensure compliance with corporate governance standards, enhancing transparency and protecting shareholder interests[102]. - The company has a structured decision-making process for the remuneration of directors and supervisors, which is approved by the shareholders' meeting[110]. - The company has appointed various independent directors and external supervisors with diverse backgrounds and expertise[109]. - The company did not face any penalties from securities regulatory authorities in the past three years[113]. - There were no dissenting opinions raised by the board members regarding company matters[117]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[6]. - The company has not disclosed any significant risks that could impact the authenticity and accuracy of the annual report[8]. - The company faces risks from price fluctuations of raw materials, particularly electronic components, which may impact gross margins on existing service projects[98]. - The hydrogen energy sector has not met expectations due to high upstream material costs and insufficient government support, increasing investment risks for the company[99]. - The company is optimizing product design and production efficiency to lower costs and mitigate investment risks in the hydrogen energy market[99]. Shareholder Structure and Stock Management - The largest shareholder, Sun Jisheng, holds 79,400,092 shares, representing 34.01% of the total shares, with 10,655,367 shares pledged[193]. - The company’s stock structure includes 187,580,000 unrestricted circulating shares, accounting for 99.33% of the total shares[182]. - The company has implemented an employee stock incentive plan, with various employees holding a total of 1,000,000 restricted shares, subject to a 12 to 24-month lock-up period[196]. - The company’s shareholder structure remains predominantly domestic, with significant holdings by individual and institutional investors[193]. Financial Management and Investments - The company reported a fair value change gain of 3.65 million RMB from trading financial assets during the reporting period[30]. - The company has entrusted a total of ¥70,000,000 in fixed deposits with China Bank, yielding an annualized return of 4.12%[172]. - The company invested ¥50,000,000 in a brokerage wealth management product with China International Financial Co., achieving a return of ¥1,134,246.58, which is approximately 2.27%[172]. - The company has not made any provisions for impairment on entrusted financial management, indicating a stable investment environment[178]. - The company plans to continue its financial management strategy without any immediate changes to its investment approach[178]. Environmental and Social Responsibility - The company is committed to environmental responsibility, promoting a green shared mobility ecosystem through various low-carbon transportation options[141]. - The company actively participates in rural revitalization projects, utilizing its Y3 assistive vehicles to enhance rural transportation and support local economies[143].