JHS(SH:603922)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was CNY 515,115,138.29, representing a 9.69% increase compared to CNY 469,621,448.28 in 2020[24]. - The net profit attributable to shareholders of the listed company reached CNY 19,145,090.38, a significant increase of 152.75% from CNY 7,574,619.53 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY -18,620,287.58, an improvement of 35.35% compared to CNY -28,800,697.86 in 2020[24]. - The cash flow from operating activities was CNY 125,511,622.14, which is an 18.28% increase from CNY 106,117,442.38 in 2020[24]. - The company's basic earnings per share increased by 150% to CNY 0.15 in 2021 compared to CNY 0.06 in 2020[25]. - Net profit rose by 152.75% year-on-year, primarily due to increased revenue and a decrease in expense ratio[25]. - The company achieved a weighted average return on equity of 1.83%, an increase of 1.1 percentage points from 0.73% in 2020[25]. - The company achieved a net profit attributable to shareholders of 19.15 million yuan, an increase of 152.75% year-on-year, with a total profit of 24.51 million yuan, up 258.53% year-on-year[48]. - Main business revenue reached 515.12 million yuan, a year-on-year increase of 9.69%, while main business costs were 444.04 million yuan, up 8.59% year-on-year[48]. Assets and Liabilities - As of the end of 2021, the total assets amounted to CNY 1,257,120,653.52, reflecting a 3.32% increase from CNY 1,216,695,457.36 at the end of 2020[24]. - The net assets attributable to shareholders of the listed company were CNY 1,055,729,917.07, a slight increase of 1.60% from CNY 1,039,144,826.69 at the end of 2020[24]. - Total liabilities were CNY 201,390,736.45, compared to CNY 177,550,630.67 in 2020, marking an increase of around 13.4%[194]. - The company's equity remained stable at CNY 128,000,000.00, unchanged from the previous year[194]. - The company's total liabilities were ¥185,380,939.52 in 2021, slightly up from ¥179,510,877.62 in 2020, reflecting a growth of 3.9%[198]. Cash Flow - The net cash flow from operating activities was 125.51 million yuan, an increase of 18.28% year-on-year, while the net cash flow from investment activities surged by 137.47% to 82.97 million yuan[48]. - Cash and cash equivalents at the end of the period amounted to ¥370,936,384.22, representing 29.51% of total assets, up from 16.07% in the previous period[65]. - Cash and cash equivalents increased significantly to ¥364,305,725.31 in 2021 from ¥193,894,518.20 in 2020, showing a growth of 88%[197]. Research and Development - In 2021, the company successfully launched 16 projects into mass production and undertook 11 new R&D projects[35]. - Research and development investments are being sustained to maintain industry leadership[35]. - Research and development expenses amounted to 24.64 million yuan, representing a 16.59% increase compared to the previous year, accounting for 4.78% of total revenue[58]. - The number of R&D personnel is 91, accounting for 11.53% of the total workforce[59]. Market and Industry Trends - The automotive industry in China produced and sold 26.27 million vehicles in 2021, with a year-on-year growth of 3.8%, while the new energy vehicle market saw production and sales of 3.54 million units, a year-on-year increase of 160%[39]. - The market for new energy vehicles grew significantly, with production and sales increasing by 160% year-on-year, capturing a market share of 13.4%[68]. - The automotive parts industry in China is expected to continue its long-term growth trend, supported by favorable innovation environments and government policies[41]. Corporate Governance - The company has adhered to the regulations of the Shanghai Stock Exchange regarding investor relations and information disclosure, ensuring timely and accurate communication with shareholders[91]. - The company has established a complete governance structure, with the shareholders' meeting, board of directors, and supervisory board fulfilling their respective responsibilities independently[93]. - The board of directors must submit the profit distribution plan to the shareholders' meeting for approval after passing a majority vote[124]. - The company has established a robust internal control system to manage insider information and ensure confidentiality[91]. Environmental Compliance - The company has established an environmental management system in accordance with ISO 14001:2015 standards[141]. - The measured concentration of nitrogen oxides was 22 mg/m³, well below the emission standard of 300 mg/m³[133]. - The measured concentration of sulfur dioxide was not detected, with a standard limit of 50 mg/m³[133]. - The measured concentration of particulate matter was 3.7 mg/m³, compared to the emission standard of 30 mg/m³[133]. - The pH value of wastewater was 7.26, within the emission standard range of 6 to 9[134]. - The chemical oxygen demand (COD) of wastewater was 23.56 mg/L, well below the standard limit of 500 mg/L[134]. - The ammonia nitrogen level in wastewater was 0.5 mg/L, significantly lower than the standard of 25 mg/L[134]. Future Outlook - The company plans to continue expanding its market presence and improving operational efficiency amid challenges such as chip shortages and high raw material prices[68]. - In 2022, the company aims to enhance R&D and manufacturing capabilities, focusing on expanding market share in automotive body parts, chassis components, and mold design, while actively exploring the new energy vehicle market[81]. - The company plans to leverage capital market advantages for sustainable development and cautious external investments[83]. - The company will accelerate talent acquisition and training to support strategic development, focusing on high-quality management and technical personnel[82].