Youon(SH:603776)2022-05-13 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 if there are changes in total share capital before the dividend record date[5]. - In 2020, the company distributed cash dividends of ¥6.334 per 10 shares, totaling ¥119,568,665, along with a capital reserve increase of 2 shares for every 10 shares held[128]. 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]. - Net profit attributable to shareholders decreased by 91.13% to CNY 43.84 million, primarily due to reduced investment income and increased operational costs[24]. - Basic earnings per share fell by 90.95% to CNY 0.20, reflecting the significant drop in net profit[24]. - Cash flow from operating activities decreased by 55.41% to CNY 157.03 million, attributed to increased raw material purchases and reduced collections[24]. - The company reported a net asset value of approximately CNY 3.40 billion at the end of 2021, a decrease of 0.19% from the previous year[23]. - Total assets at the end of 2021 were approximately CNY 4.81 billion, down 2.56% from 2020[23]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[6]. - The report includes a section on potential risks that the company may face in the future, which investors are encouraged to review[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[99]. Corporate Governance - The company has implemented measures to ensure compliance with corporate governance standards and protect shareholder interests[102]. - The company has a structured decision-making process for determining the remuneration of directors and supervisors, which is approved by the shareholders' meeting[110]. - The company has a diverse board with members holding advanced degrees and extensive experience in various fields[108]. - The company has no reported plans for stock option grants or employee stock ownership plans during the reporting period[133]. Research and Development - The company is focused on the development of new technologies and products, particularly in the shared mobility sector, which includes public bicycles and electric vehicles[12]. - The company has developed two hydrogen vehicle products, Y200 and Y400, and plans to expand its hydrogen energy product R&D and market promotion[34]. - The company invested in a new type of magnetic storage chip (PMRAM), which is expected to be suitable for AI applications and has completed sample testing with a read/write speed of less than 20ns[35]. - The number of R&D personnel is 417, accounting for 8.31% of the total workforce[73]. Shareholding Structure - The largest shareholder, Sun Jisheng, holds 79,400,092 shares, accounting for 34.01% of the total shares, with 10,655,367 shares pledged[191]. - The company’s shareholding structure indicates a significant presence of domestic natural persons and non-state-owned legal entities[191]. - The total number of ordinary shareholders as of the end of the reporting period was 17,012, a decrease from 17,736 at the end of the previous month[189]. Strategic Focus - The company aims to expand its hydrogen energy business, focusing on the development of hydrogen vehicles and fuel cell systems, with plans to optimize technology and reduce costs[93]. - The company is accelerating the development of new businesses, particularly in shared electric vehicles and hydrogen vehicles, to become the main driver of future growth[97]. - The company plans to enhance product competitiveness through technology research and development, focusing on hydrogen energy products in 2022[95]. Compliance and Legal Matters - There were no significant lawsuits or arbitration matters reported for the year[160]. - The company has not faced any delisting risk or bankruptcy reorganization matters[160]. - The integrity status of the company's controlling shareholders and actual controllers is reported to be good, with no significant debts overdue[163]. Investment and Financial Management - The company has engaged in cash asset management, with a total of RMB 950 million in bank and securities wealth management products and RMB 301 million in self-owned funds[170]. - The company has not made any provisions for impairment on entrusted financial management products[176]. - The company has not engaged in any entrusted loan activities during the reporting period[177].