RTGF(SH:605133)2022-04-29 16:00Financial Performance - The net profit for the parent company in 2021 was CNY 65,193,901.34, with a distributable profit of CNY 453,295,538.06 after accounting for the legal surplus reserve[6]. - The proposed cash dividend is CNY 1.50 per 10 shares, totaling CNY 24,000,000.00, which represents 23.85% of the net profit attributable to ordinary shareholders[6]. - The company's operating revenue for 2021 was CNY 1,163,028,537.69, representing a 17.34% increase compared to CNY 991,129,734.34 in 2020[24]. - The net profit attributable to shareholders of the listed company decreased by 21.26% to CNY 100,617,412.61 in 2021 from CNY 127,785,077.21 in 2020[24]. - The net cash flow from operating activities dropped significantly by 55.21% to CNY 124,299,903.35 in 2021 compared to CNY 277,517,436.49 in 2020[24]. - The total assets increased by 34.10% to CNY 2,167,282,757.57 at the end of 2021 from CNY 1,616,157,017.48 at the end of 2020[24]. - The basic earnings per share decreased by 37.74% to CNY 0.66 in 2021 from CNY 1.06 in 2020[25]. - The weighted average return on equity fell by 9.22 percentage points to 6.70% in 2021 from 15.92% in 2020[25]. Operational Challenges - The company faced challenges such as global economic fluctuations, chip shortages, rising raw material prices, and recurring COVID-19 outbreaks in 2021[33]. - The company maintained a stable overall operating performance and continued to grow its sales scale despite these challenges[33]. Strategic Initiatives - The company aims to optimize internal management and enhance its integrated management system to improve customer satisfaction[33]. - The company initiated a refinancing convertible bond project with a total planned investment of 650 million yuan to expand production capacity for 1.1 million new energy vehicle aluminum alloy components and the second phase of the precision aluminum alloy casting project in Mexico[35]. - The company is focusing on the development of new technologies and products to align with the industry's shift towards energy-saving and environmentally friendly vehicles[92]. - The company plans to extend its support for the new energy vehicle industry through favorable policies and financial incentives until at least the end of 2022[95]. Market Position - The global automotive industry saw a decline in production from 2018 due to the pandemic, but the new energy vehicle sector experienced rapid growth, with global sales of narrow-sense new energy vehicles reaching 5.25 million units in 2021, a 124% year-on-year increase[42]. - In 2021, China's new energy vehicle sales accounted for 52% of the global market, with production and sales of new energy vehicles growing significantly, indicating a strong market position[42]. - The company’s sales revenue in the automotive parts industry grew from 197.79 billion yuan in 2011 to 357.58 billion yuan in 2020, with a compound annual growth rate of 6.98%[46]. Corporate Governance - The company adheres to corporate governance standards, ensuring a clear separation of powers among shareholders, the board, and management, promoting transparency and accountability[112]. - The board of directors includes independent members constituting one-third of the total, ensuring compliance with legal and regulatory requirements[113]. - The company has effectively implemented rules for shareholder meetings, with all resolutions passed without opposition during the 2021 annual meeting[114]. - The company respects the rights of stakeholders and aims to balance interests among shareholders, employees, and society for sustainable development[112]. Environmental Responsibility - The company has implemented energy management measures, including monitoring energy consumption and optimizing equipment operation, to reduce energy waste[156]. - The company plans to install photovoltaic panels on factory rooftops to reduce carbon dioxide emissions as part of its clean energy initiatives[157]. - The company produced 86 tons of general solid waste from machining processes, with 12 tons reused in production, and no excess discharge reported[152]. - The company generated 120 tons of hazardous solid waste from smelting, all of which was disposed of by a qualified third party, with no excess discharge reported[152]. Employee Management - The company has established a comprehensive training program that includes various training types such as corporate culture, management skills, and professional skills training[137]. - The company has implemented a salary policy that ensures internal equity and external competitiveness, with different compensation structures for direct production and non-production staff[135]. - The company has a total of 266 employees with a bachelor's degree or higher, and 1,025 employees with a high school education or below[134]. Shareholder Information - The total number of shareholders reached 10,319 by the end of the reporting period, down from 11,272 the previous month[193]. - The largest shareholder, Zhuhai Runchen, held 60.94% of shares before the issuance, which decreased to 45.70% afterward[191]. - Foreign ownership accounted for 31.47% of total shares, with 21.46% held by foreign legal entities[184]. Financial Management - The company has a cash dividend policy that mandates a minimum cash distribution of 10% of the distributable profits for the year, provided the company is profitable and has sufficient operational funds[140]. - The company has established a robust internal control system that complies with regulations and enhances decision-making efficiency, ensuring asset safety and strategic implementation[146]. - The internal control audit report issued by Zhonghui CPA confirmed that the company maintained effective financial reporting internal controls in all significant aspects[147].