Hotata(SH:603848)2022-04-20 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,425,448,446.63, representing a 22.88% increase compared to CNY 1,160,006,310.07 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 300,222,407.93, a 12.97% increase from CNY 265,752,420.58 in 2020[25]. - The net cash flow from operating activities for 2021 was CNY 207,788,245.14, showing a significant increase of 39.52% from CNY 148,932,505.71 in 2020[25]. - The total assets at the end of 2021 were CNY 2,345,051,371.76, an increase of 11.44% from CNY 2,104,407,271.95 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 0.75, up 13.64% from CNY 0.66 in 2020[26]. - The weighted average return on equity for 2021 was 17.15%, an increase of 0.53 percentage points from 16.62% in 2020[26]. - The net profit after deducting non-recurring gains and losses was ¥278,903,973.00, reflecting a 22.40% increase year-on-year[83]. - The company's main business revenue reached ¥1,418,327,715.00, representing a 24.07% year-on-year growth[88]. - The gross profit margin for the main business was 45.10%, a decrease of 3.87% compared to the previous year[88]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares, totaling 100,250,000 RMB (including tax) for the year 2021[6]. - In 2022, the company plans to distribute a cash dividend of ¥2.5 per 10 shares (before tax) to all shareholders, based on the total share capital on the dividend record date[185]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and maintaining independent operations from its controlling shareholder[148]. - The company actively engages with investors through transparent communication and feedback mechanisms to enhance investor relations and improve overall transparency[152]. - The company has not identified any major issues during its self-inspection of corporate governance in accordance with regulatory requirements[195]. - The company has established a comprehensive internal control management system, which has been continuously improved to enhance decision-making efficiency and ensure compliance and asset safety[190]. - The internal control audit report issued by the auditing firm was a standard unqualified opinion, confirming the effectiveness of the internal control system[194]. Market Position and Strategy - The company aims to build a global leading smart home enterprise, emphasizing technology-driven future development and comprehensive smart home solutions[55]. - The company has significantly increased its brand presence among younger consumers by leveraging social media and influencer marketing strategies[61]. - The company has maintained a leading position in the smart drying segment, continuously innovating with technologies such as "smart error correction" and "smart voice control" to enhance product offerings[70]. - The company plans to expand its layout in artificial intelligence and IoT technologies, focusing on building a smart home ecosystem centered around home service robots[66]. - The company intends to leverage big data to formulate product development strategies and enhance online channel promotions, particularly on platforms like Tmall and JD[139]. Research and Development - The company has received over 800 national patents and has been recognized as a "High-tech Enterprise" for five consecutive times, showcasing its strong R&D capabilities[70]. - The company has established a comprehensive smart home product and cutting-edge technology research system, focusing on four main business segments: smart fabric care, smart care, smart health living, and smart light sensing[66]. - The company is committed to maintaining significant investment in R&D and brand building to provide high-quality products and services to consumers[144]. - The company has developed a complete training system that covers all employee development paths, from newcomers to management or expert roles[181]. Operational Efficiency - The company has implemented a strategic procurement approach, optimizing customer structure and reducing cooperation risks, which improved project delivery quality[58]. - The company enhanced its supply chain management through deep strategic cooperation with secondary suppliers, effectively mitigating raw material supply risks[62]. - The company is focusing on information technology to improve automation and production efficiency, with significant upgrades to key systems[80]. - The company will implement measures such as hedging, strategic inventory, and centralized procurement to mitigate raw material price risks and enhance operational efficiency through digital transformation[143]. Employee and Management Structure - The company employed a total of 1,242 staff, with 774 in the parent company and 468 in major subsidiaries[179]. - The workforce composition includes 388 production personnel, 491 sales personnel, 189 technical personnel, 24 financial personnel, and 150 administrative personnel[179]. - The total pre-tax remuneration for all directors, supervisors, and senior management during the reporting period was 595.70 million CNY[162]. - The company has a diverse management team with extensive experience in various sectors, including investment, finance, and technology[166]. Risks and Challenges - The company faces risks from market competition and industry crossover, particularly from numerous small enterprises, which could negatively impact growth and profitability[144]. - The company's performance is closely tied to the real estate market, which has been affected by government regulations aimed at stabilizing the sector, potentially slowing growth[145]. - Approximately 80% of the company's production costs are attributed to direct material costs, making it vulnerable to fluctuations in raw material prices, which could adversely affect profitability if prices rise significantly[143].