Rocoi(SH:603829)2023-04-27 16:00Financial Performance - The company's operating revenue for 2021 was RMB 1,282,747,924.75, representing a 45.84% increase compared to RMB 879,563,152.73 in 2020[24]. - The net profit attributable to shareholders of the listed company was RMB 73,477,770.65, an increase of 14.98% from RMB 63,907,107.72 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 65,005,684.96, reflecting a 5.52% increase from RMB 61,603,903.24 in 2020[24]. - The net cash flow from operating activities was RMB 18,205,013.09, a significant recovery from a negative RMB 92,184,144.76 in 2020[24]. - The total assets at the end of 2021 reached RMB 1,910,246,628.23, marking a 37.74% increase from RMB 1,386,822,470.95 in 2020[24]. - The net assets attributable to shareholders of the listed company were RMB 789,194,972.28, up 7.86% from RMB 731,717,201.63 at the end of 2020[24]. - The company achieved operating revenue of CNY 1,282,747,924.75 in 2021, representing a 45.84% increase compared to the previous year[34]. - Net profit for the year was CNY 95,864,461.94, an increase of 28.14% year-over-year[34]. - The company's operating costs rose to CNY 1,009,507,668.54, reflecting a 49.71% increase from the previous year[34]. - Basic earnings per share increased by 15.00% to CNY 0.46 compared to CNY 0.40 in 2020[25]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 16,000,000 to shareholders[6]. - The company’s cash dividend distribution policy is designed to ensure reasonable returns to shareholders while considering the company's long-term interests and sustainable development[149]. - The company will prioritize cash dividends when conditions are met, with stock dividends being an option only if there are remaining distributable profits[149]. Market and Product Development - The company expanded its product line by establishing a joint venture with Lambda Electric Technology (Suzhou) Co., Ltd. in May 2021, focusing on C-GIS products[34]. - The company focused on digital transformation and automation to enhance production efficiency and cost control[34]. - The company maintained a strong market presence in the low-voltage circuit breaker sector, benefiting from the digital grid construction initiatives by state-owned power companies[34]. - The new generation upgrade replacement products, J45Ⅲ actuator and CJ45Ⅲ draw-out, have started mass production, achieving performance upgrades in "temperature rise reduction" and "energy consumption reduction" with significant market competitiveness[36]. - The international business scale continues to grow, with multinational clients' global procurement volume increasing in 2021, and four new products developed in collaboration with ABB, Schneider, and Siemens are set for mass production in the second half of 2021[36]. - The company has optimized and launched a full series of C-GIS products suitable for 12kV to 35kV voltage levels, which have received positive feedback from clients like Chint Electric and Jiangsu Daqo[39]. - The company has implemented a comprehensive energy management platform, "Rolink Power," which integrates various advanced technologies and has received positive customer feedback[43]. Research and Development - Research and development expenses rose to ¥55,831,835.25, a 46.66% increase from the previous year, reflecting the company's commitment to innovation[64]. - The company has maintained a high level of R&D investment in recent years and plans to continue increasing this investment to enhance product innovation capabilities[109]. - The newly established R&D center is expected to enhance product development efficiency and technology transfer capabilities[105]. Risk Management - The company has outlined potential risks in its future development discussions, emphasizing the importance of investor awareness regarding investment risks[10]. - The company faces risks related to fluctuations in power investment and macroeconomic conditions, which significantly impact market demand for its products[107]. - The company is exposed to risks from raw material price fluctuations, particularly in black and non-ferrous metals, which can affect operational performance[107]. Governance and Compliance - The company has a governance structure that complies with relevant laws and regulations, ensuring independent operation and decision-making processes[114]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management, ensuring compliance with legal regulations[116]. - The company held two shareholder meetings during the reporting period, ensuring transparency and protecting shareholder rights[113]. Employee and Management Structure - The total number of employees in the parent company is 680, and in major subsidiaries, it is 560, resulting in a total of 1,240 employees[144]. - The company has implemented a performance-based salary system, linking employee income closely to performance evaluation results[145]. - The company emphasizes comprehensive training for employees, including onboarding, skill upgrades, and professional development[146]. Financial Management - The company has enhanced its financial management capabilities by improving talent structure and optimizing operational efficiency, which supports sustainable development[44]. - The company has established a robust internal control system, with no significant deficiencies reported during the reporting period[153]. - The internal control audit report issued by the auditing firm provided a standard unqualified opinion[154]. Strategic Acquisitions and Partnerships - The company is actively pursuing market expansion through strategic acquisitions and partnerships to enhance its product offerings[89]. - The company has formed long-term partnerships with well-known domestic and international electrical enterprises, enhancing its market position[60]. Future Outlook - The company plans to enhance its R&D capabilities and expand its production scale in response to the increasing demand for high and low voltage intelligent distribution network equipment[101]. - In 2022, the company aims to improve operational management and cost control through digitalization and lean management practices[103]. - The company will focus on expanding its marketing team and improving customer service quality to drive growth in the smart ring network cabinet business[104].