凯迪股份(605288) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥1,718,482,519.07, representing a year-on-year increase of 35.11% compared to ¥1,271,935,745.04 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥116,578,332.75, a decrease of 32.43% from ¥172,524,954.92 in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥92,366,744.39, down 42.56% from ¥160,804,162.26 in 2020[23]. - The net cash flow from operating activities was negative at -¥43,373,797.48, a significant decline of 174.86% compared to ¥57,936,836.66 in 2020[23]. - As of the end of 2021, the total assets amounted to ¥2,923,229,706.33, reflecting a year-on-year increase of 12.99% from ¥2,587,192,098.33 in 2020[23]. - The net assets attributable to shareholders at the end of 2021 were ¥2,054,274,248.27, an increase of 4.32% from ¥1,969,191,202.88 in 2020[23]. - Basic earnings per share decreased by 40.57% to CNY 1.67 compared to CNY 2.81 in 2020[24]. - The diluted earnings per share also fell by 40.93% to CNY 1.66 from CNY 2.81 in the previous year[24]. - The weighted average return on equity dropped to 5.82%, down 7.01 percentage points from 12.83% in 2020[24]. - The net profit attributable to shareholders for Q4 2021 was CNY 27.72 million, showing a decline from CNY 28.48 million in Q3 2021[26]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 57.03 million for the year[27]. - The company’s cash and cash equivalents at the end of the period were 653,758,706.47 yuan, representing 22.36% of total assets, a decrease from 23.62% in the previous period[67]. - The company has invested CNY 2.9808 million in environmental protection equipment, adding 3 sets of exhaust treatment facilities to reduce industrial waste gas emissions[132]. - The company has invested 48,024 million RMB in entrusted financial products from idle self-owned funds, with an outstanding balance of 28,500 million RMB[169]. - The company has also invested 38,000 million RMB in entrusted financial products from idle raised funds, with an outstanding balance of 10,000 million RMB[169]. Research and Development - R&D expenses totaled 70.14 million yuan, accounting for 4.08% of operating revenue, emphasizing the company's commitment to innovation[34]. - The company invested CNY 70,136,582.32 in R&D, an increase of 26.38% year-on-year[47]. - The company has established a team to develop linear drive systems for the photovoltaic new energy market, aiming to expand product applications[35]. - The company has 15 invention patents, 176 utility model patents, and 84 design patents, showcasing its strong R&D capabilities[41]. - The company is focusing on technological innovation and has been increasing R&D investment to maintain its competitive edge in the linear drive system market[85]. Market and Sales - Domestic sales reached 939.07 million yuan in 2021, a year-on-year increase of 42.59%[34]. - The company successfully secured an order for the electric tailgate system from NIO, enhancing customer stickiness and increasing sales volume[35]. - The linear drive system market is expected to grow as consumer demand for smart home and office products increases, particularly in developed regions[36]. - The company maintains a direct sales model, enhancing customer service and reducing inventory costs through local warehouses in key regions[40]. - The company plans to continue expanding its market presence and developing new products in response to economic recovery trends[33]. Corporate Governance - The board of directors has confirmed that all members attended the board meeting, ensuring the authenticity and completeness of the annual report[4]. - The company has established a robust corporate governance structure to ensure compliance with relevant laws and regulations[91]. - The company did not report any significant differences in governance compared to regulations set by the China Securities Regulatory Commission[92]. - The company has not faced any requests for temporary shareholder meetings from preferred shareholders[95]. - The company’s independent directors have fulfilled their responsibilities in the profit distribution decision-making process, ensuring transparency and compliance[121]. Shareholder Information - The company plans to distribute a cash dividend of ¥4.96 per 10 shares, totaling approximately ¥35,030,639.84, which represents a cash dividend payout ratio of 30.05%[6]. - The company reported a total of 15,978,200 shares held by executives at the end of the reporting period, an increase of 4,628,200 shares compared to the beginning of the period[96]. - Major shareholders include Changzhou Kaizhong Investment Co., Ltd. holding 99.11% and Changzhou Kaiheng Investment holding 69.38%[196]. - The company has a stock incentive plan where 30% of restricted stocks will be released after three years, with a total of 31,500,000 shares held by Changzhou Kaizhong Investment[196]. - The company’s shareholding structure includes significant participation from state-owned and non-state-owned entities, with 75% of shares under limited sale conditions[178]. Risk Management - The company faces risks from rising labor costs and is optimizing products and increasing automation to mitigate this impact[88]. - The company is exposed to risks from fluctuations in raw material prices, which are a major component of its operating costs[88]. - The company recognizes the risk of insufficient market demand in downstream industries, which could affect its growth prospects[85]. - The company is addressing potential risks from trade tensions and has taken measures to reduce the impact on its operations[88]. - The company has committed to not providing loans or financial assistance to incentive plan participants for acquiring restricted stock[158]. Social Responsibility - The company has been recognized as a major taxpayer in Changzhou Economic Development Zone for five consecutive years, contributing significantly to local tax revenue[136]. - The company donates CNY 400,000 annually to the Changzhou Wujin District Charity Association since 2019, with plans to increase donations and support for poverty alleviation[137]. - The company actively engages in social responsibility initiatives, promoting a culture of green, energy-saving, and teamwork[133]. - The company has committed to not laying off employees during the COVID-19 pandemic, enhancing team cohesion through various support measures[133]. - The company has established a comprehensive safety production management system to continuously improve occupational health and safety performance[134].