浙江自然(605080) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 reached RMB 842.44 million, representing a 44.91% increase compared to RMB 581.34 million in 2020[20]. - The net profit attributable to shareholders was RMB 219.51 million, up 37.59% from RMB 159.54 million in the previous year[20]. - The net assets attributable to shareholders increased by 139.74% to RMB 1.62 billion from RMB 675.54 million at the end of 2020[21]. - The total assets rose by 112.52% to RMB 1.83 billion compared to RMB 859.41 million at the end of 2020[21]. - Basic earnings per share for 2021 were RMB 2.37, a 12.86% increase from RMB 2.10 in 2020[22]. - The company reported a net profit of RMB 198.67 million after deducting non-recurring gains and losses, which is a 44.93% increase from RMB 137.08 million in 2020[20]. - The company achieved operating revenue of RMB 842.44 million in 2021, representing a year-on-year growth of 44.91%[32]. - The net profit attributable to shareholders increased by 37.59% year-on-year, reaching RMB 219.51 million[32]. - The net profit after deducting non-recurring gains and losses grew by 44.93% compared to the previous year[23]. Cash Flow and Dividends - The cash flow from operating activities decreased by 30.69% to RMB 142.59 million from RMB 205.71 million in 2020[21]. - The company plans to distribute a cash dividend of RMB 4.50 per 10 shares to all shareholders[5]. - The company achieved a net profit attributable to shareholders of RMB 219,512,536.97 for the year 2021, with a total distributable profit of RMB 502,830,249.90 at year-end[112]. - A cash dividend of RMB 4.50 per 10 shares (including tax) is proposed, amounting to a total of RMB 45,505,620.00 (including tax), which represents 20.73% of the net profit attributable to shareholders[113]. Operating Costs and Expenses - Operating costs rose by 49.62%, attributed to the increase in operating revenue and adjustments of transportation costs related to performance obligations into operating costs[45]. - Management expenses increased by 59.49% year-on-year, mainly due to business growth leading to higher personnel, office, and hospitality expenses, as well as costs associated with the company's listing[45]. - Research and development expenses increased by 42.41% to 29.62 million RMB, reflecting the company's commitment to innovation[43]. - The company's main business cost for the reporting period was 515.83 million RMB, an increase of 50.06% compared to the same period last year, primarily due to increased production volume and rising prices of raw materials[54]. Market and Product Development - The company reported a significant increase in sales of new products, including inflatable mattresses and waterproof bags, contributing to revenue growth[23]. - The outdoor sports market is projected to grow from 160 billion USD in 2020 to 236.34 billion USD by 2025, with a CAGR of approximately 6.86%[35]. - The company established a strategic partnership with Decathlon, enhancing its market presence and product range[40]. - The company plans to continue expanding its market presence and enhancing production efficiency to maintain its leading position in the outdoor products sector[32]. Inventory and Production - The sales volume of inflatable mattresses reached 4,233,399 units, with a production volume of 4,546,448 units, reflecting a 66.50% increase in inventory[50]. - Inventory increased by 73.96% to 255,079,924.85 RMB, primarily due to increased raw material procurement[65]. - Fixed assets rose by 42.21% to 349,650,626.66 RMB, attributed to the construction of investment projects[65]. Financial Management and Investments - The company reported a significant decrease in financial expenses by 98.48%, indicating improved financial management[43]. - The company has committed RMB 200,000 to support the construction of a rural cultural hall and another RMB 200,000 for sports development in Tian Tai County[122]. - The company has engaged in structured deposits totaling RMB 50 million with an annualized return rate of 1.30%-3.50%, yielding an actual return of RMB 810,273.97[169]. - The company has ongoing investments in negotiable certificates of deposit amounting to RMB 50 million and RMB 60 million, both with an annualized return rate of 3.35%[169]. Governance and Compliance - The company is committed to maintaining transparency and compliance with regulatory requirements, as evidenced by the detailed disclosures in its annual report[84]. - The company has established a comprehensive internal control system in compliance with relevant laws and regulations, ensuring the protection of shareholders and creditors' rights[118]. - The company has not reported any issues regarding the self-inspection of governance actions[119]. - The company has not disclosed any internal control audit reports, indicating a standard unqualified opinion[119]. Shareholder Information and Stock Management - The company issued 25,280,900 new shares, increasing the total share capital from 75,842,700 to 101,123,600 shares[176]. - The largest shareholder, Shanghai Yangda Enterprise Management Co., Ltd., holds 54,000,000 shares, representing 53.40% of total shares[184]. - The company has a total of 6,750,000 shares with limited sale conditions, which will be tradable starting May 6, 2024[188]. - The company will prioritize cash dividends over stock dividends in its profit distribution policy[132]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, high customer concentration, exchange rate volatility, and raw material price fluctuations[77][78]. - The company reported significant revenue growth in the previous year, but ongoing global COVID-19 pandemic risks could adversely affect its export business[79].