Tianyong(SH:603895)2022-04-29 16:00Financial Performance - The net profit attributable to the parent company's shareholders for 2021 was CNY 7,217,655.79, with a legal surplus reserve of CNY 1,571,148.08, leaving a distributable profit of CNY 3,484,907.71 for the year[5]. - The company's operating revenue for 2021 was ¥503,760,947.77, a decrease of 0.62% compared to ¥506,892,838.44 in 2020[23]. - The net profit attributable to shareholders was ¥7,217,655.79, representing a significant decline of 40.86% from ¥12,203,983.15 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥142,747.63, down 97.72% from ¥6,269,401.87 in 2020[23]. - The cash flow from operating activities showed a negative net amount of ¥180,420,709.45, a decrease of 285.11% compared to ¥97,468,363.09 in 2020[23]. - The company's net assets attributable to shareholders rose by 0.85% to ¥599,946,538.12 at the end of 2021, compared to ¥594,890,482.33 at the end of 2020[23]. - Basic earnings per share decreased by 36.36% to ¥0.07 in 2021, down from ¥0.11 in 2020[24]. - The diluted earnings per share also fell by 36.36% to ¥0.07, compared to ¥0.11 in the previous year[24]. - The weighted average return on equity decreased to 1.21% in 2021, down from 2.07% in 2020, a reduction of 0.86 percentage points[24]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.10 per share (including tax), totaling CNY 1,080,800, based on the total share capital as of the dividend record date[5]. - The company plans to distribute at least 15% of the distributable profit as cash dividends if the annual profit is positive and external conditions remain stable[147]. - The company has established a cash dividend policy prioritizing cash dividends over stock dividends, with specific conditions and proportions outlined in the company’s articles of association[146]. - The company will not issue capital reserve shares this year, opting to retain undistributed profits for future use[152]. - The company’s cash dividend policy is compliant with its articles of association and provides clear standards and procedures for distribution[153]. Research and Development - The company plans to increase its R&D investment, particularly in the new energy lithium battery equipment sector, with expected new orders ranging from ¥1 billion to ¥2 billion in 2022[33]. - Research and development expenses increased by 19.87% to ¥57,641,547.80, up from ¥48,087,149.52 in the previous year, reflecting a focus on technological investment[64][65]. - The total R&D expenditure for the period amounted to ¥57,641,547.80, representing 11.4% of the operating revenue[78]. - The company aims to enhance its core competitiveness through increased R&D investment and technological innovation[105]. - The company is focusing on R&D in intelligent automation equipment and information system integration, expanding into new fields such as new energy motor battery automation[105]. Market Expansion and Strategy - The company is focusing on expanding its market presence in various sectors, including automotive manufacturing, aerospace, and logistics[63]. - The company is actively engaging in the development of new energy motor and battery assembly technologies in collaboration with emerging automotive manufacturers, positioning itself strategically in the evolving market[46]. - The company aims to establish an international business department to expand its market share in the international market while maintaining its leading position in the domestic market for powertrain automation assembly systems[107]. - The company is exploring potential mergers and acquisitions to strengthen its market position[200]. - The company is committed to maintaining a robust financial position while pursuing growth opportunities[200]. Corporate Governance - The company has established a strict internal control management system in accordance with regulations, ensuring effective execution of internal controls[156]. - The internal control audit report issued by Tianzhi International Accounting Firm provided a standard unqualified opinion[157]. - The governance structure includes a board of directors, supervisory board, and various committees to ensure effective decision-making and risk control[117]. - The company adheres to regulatory requirements and has implemented measures to minimize the risk of fraud and ensure compliance[117]. - The company has a structured decision-making process for profit distribution, ensuring independent directors and minority shareholders have a voice in the process[149]. Human Resources - The company emphasizes the importance of human resource development to align employee growth with strategic business needs[34]. - The company aims to recruit and train a diverse range of technical and management personnel to support its rapid expansion and project implementation[144]. - The company has a total of 619 employees, with 495 in the parent company and 124 in major subsidiaries[141]. - The professional composition includes 293 production personnel, 34 sales personnel, 211 technical personnel, 9 financial personnel, 28 administrative personnel, and 44 management personnel[141]. - The company plans to adjust its salary system based on business development, labor market conditions, and the average salary level in Shanghai[143]. Legal and Compliance - The company has not faced any penalties from securities regulatory agencies in the past three years[131]. - The company has not reported any significant litigation or arbitration matters that were not disclosed in temporary announcements[188]. - The company has not faced any risks of delisting or bankruptcy restructuring during the reporting period[186]. - The company has not encountered any major accounting errors that required correction during the reporting period[186]. - The company has committed to avoiding conflicts of interest and ensuring fair practices among its directors and senior management[182]. Financial Management - The company reported a total of 536,450,000.00 RMB in idle raised funds for wealth management, with no overdue amounts[198]. - The company has engaged in various wealth management products, including bank and brokerage financial products[198]. - The company has a total of 6,500,000.00 RMB in wealth management with a maturity date of January 3, 2021, yielding a return of 10.7%[199]. - The company has not reported any significant related party transactions during the reporting period[192]. - The company has established stable relationships with external processing manufacturers, which aids in focusing resources on core technology and product development[114].