GUOMAO REDUCER(SH:603915)2022-04-27 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.30 RMB per share (including tax) and a stock bonus of 0.4 shares for every share held[6]. - The total share capital for the dividend distribution is based on the total shares registered on the equity distribution date[6]. - For the 2021 fiscal year, the company plans to distribute 3.00 CNY per 10 shares, totaling 141,969,720 CNY, representing 30.73% of the net profit attributable to shareholders[147]. Financial Performance - The company's operating revenue for 2021 was CNY 2,944,286,973.65, representing a 34.81% increase compared to CNY 2,184,076,489.85 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 462,035,296.62, up 28.66% from CNY 359,127,084.55 in 2020[24]. - The net profit after deducting non-recurring gains and losses was CNY 424,243,363.69, reflecting a 32.10% increase from CNY 321,152,270.96 in 2020[24]. - The company's total assets at the end of 2021 reached CNY 4,708,345,723.43, a 17.62% increase from CNY 4,003,006,707.15 at the end of 2020[24]. - The basic earnings per share for 2021 was CNY 0.99, which is a 26.92% increase compared to CNY 0.78 in 2020[24]. - The weighted average return on equity for 2021 was 16.87%, an increase of 1.81 percentage points from 15.06% in 2020[24]. - The net cash flow from operating activities for 2021 was CNY 399,340,780.40, a slight decrease of 3.37% from CNY 413,261,426.17 in 2020[24]. - The company's net assets attributable to shareholders at the end of 2021 were CNY 2,953,715,137.11, marking a 16.60% increase from CNY 2,533,179,311.76 at the end of 2020[24]. Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period[7]. - The company has outlined potential risk factors in the management discussion and analysis section of the report[7]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The company faces risks from macroeconomic fluctuations, trade tensions, and raw material price volatility, which could impact profitability[101]. Corporate Governance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[6]. - The board of directors and supervisory board members have all attended the board meeting, ensuring accountability for the report's accuracy[5]. - The company maintained strict compliance with corporate governance regulations, enhancing information disclosure and investor relations management[104]. - The company has not disclosed any significant differences in governance compared to regulatory requirements[104]. - The company has independent directors and supervisors with extensive experience in various industries, enhancing governance and oversight[122]. Research and Development - Research and development expenses increased by 43.74% to approximately CNY 112.53 million, indicating a focus on new product development[57]. - The company holds 164 domestic patents, including 25 invention patents, reflecting its commitment to innovation and technology advancement[53]. - The company has developed new gearbox products for high-altitude work platforms, directional drilling, and other applications, with a torque increase of over 20% for the upgraded SHE2 ultra-high torque series gearbox[75]. - The company is committed to increasing R&D investment, particularly in high-potential products, to maintain its competitive edge[98]. Market Expansion and Sales - The company is focused on optimizing its sales organization to better meet customer demands and support business growth[39]. - The company has established a strong marketing network with 78 A-class distributors, enhancing its market penetration across most provinces in China[53]. - The company is enhancing its marketing management capabilities, focusing on developing major clients in emerging and underdeveloped industries[98]. - The company's sales model includes direct sales to end customers and sales through distributors, with all sales being buyout sales[48]. Environmental Responsibility - The company emphasizes environmental responsibility and has made significant investments in safety and environmental protection measures during the reporting period[163]. - The company has established a general industrial wastewater treatment system with a capacity of 60,000 tons per year, effectively reducing COD levels before discharge[164]. - The nitrogen and phosphorus wastewater treatment system can handle 4,500 tons per year, ensuring compliance with local discharge standards[164]. - The company has been recognized as a "2021 Green Factory" by the Ministry of Industry and Information Technology, highlighting its commitment to sustainable practices[168]. Employee Welfare and Management - The company has a robust training program, offering various training sessions annually to meet departmental needs[144]. - The company has established a comprehensive salary and performance evaluation system, with total salary determined by key operational indicators[143]. - The company is focused on maintaining a balance between employee stability and performance-based remuneration[127]. - The company has strengthened its employee welfare programs, providing support for those facing economic difficulties due to health issues or accidents[171]. Future Outlook - Future outlook remains positive with ongoing investments in new product development and technology[113]. - The company aims to improve operational efficiency through strategic initiatives[113]. - The company has a clear strategy for future growth, focusing on market expansion and technological advancements[121]. - There are plans for potential mergers and acquisitions to drive growth and innovation[113].