MustangBattery(SH:605378)2022-04-27 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 75,839,985.35 for the year 2021[6]. - The company's operating revenue for 2021 was approximately ¥1.19 billion, representing a year-on-year increase of 7.99% compared to ¥1.10 billion in 2020[22]. - The net profit attributable to shareholders decreased by 35.87% to approximately ¥75.84 million in 2021 from ¥118.27 million in 2020[22]. - The cash flow from operating activities decreased by 48.61% to approximately ¥77.99 million in 2021, down from ¥151.77 million in 2020[22]. - The total assets increased by 58.22% to approximately ¥1.43 billion at the end of 2021, compared to ¥904.17 million at the end of 2020[23]. - The basic earnings per share decreased by 47.46% to ¥0.62 in 2021, down from ¥1.18 in 2020[24]. - The weighted average return on equity decreased by 13.97 percentage points to 8.02% in 2021 from 21.99% in 2020[24]. - The company's net assets attributable to shareholders increased by 94.91% to approximately ¥1.14 billion at the end of 2021, compared to ¥583.58 million at the end of 2020[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 55.68 million RMB, down 45.30% year-on-year[34]. - The company reported a significant increase in sales costs, which rose by 19.22% to 998,939,714.26 CNY due to rising raw material prices[60]. Dividend Distribution - The proposed cash dividend distribution is RMB 3.50 per 10 shares, totaling RMB 46,669,000.00 to be distributed to all shareholders[6]. - The company did not adjust its profit distribution policy during the reporting period[134]. - The company has a clear cash dividend policy that aligns with its articles of association and shareholder resolutions[135]. Market and Product Development - The company is focused on expanding its market presence and enhancing product development capabilities[10]. - The company plans to continue expanding its market presence and developing new products to enhance profitability[24]. - The company launched three new intelligent high-speed production lines, integrating 5G and industrial IoT technology for fully automated production[35]. - The company conducted 13 research projects and obtained 12 new utility model patents in 2021[37]. - The company is investing in an expansion project for alkaline zinc-manganese batteries with a total investment of ¥44,313.41 million, of which ¥25,398.23 million is raised from public offerings[87]. Risks and Compliance - The company has detailed the risks it may face in the "Management Discussion and Analysis" section of the report[8]. - The company emphasizes that future plans and strategic developments mentioned do not constitute a substantive commitment to investors[7]. - The company faces risks from trade protection policies, raw material price volatility, and exchange rate fluctuations that could adversely affect its export business[94]. - The company emphasizes strict compliance with information disclosure laws, ensuring timely and accurate reporting to protect investor rights[99]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. Corporate Governance - The company has established a robust internal control system to manage financial and operational risks effectively[102]. - The management team is experienced and well-structured, enabling the company to quickly adapt to market trends and customer demands, facilitating rapid business growth[56]. - The board of directors and senior management are elected through legal procedures, with no undue influence from controlling shareholders on personnel decisions[101]. - The company has established specialized committees, including the nomination and compensation committees, to enhance governance[120]. - The company is committed to maintaining high standards of corporate governance and transparency in its financial reporting[111]. Research and Development - The company has established a comprehensive R&D system, focusing on market demand and collaboration across departments, resulting in a robust and efficient product development process[50]. - Research and development expenses increased by 10.69% to 35,249,445.67 CNY, reflecting the company's commitment to innovation[60]. - The company is focused on developing core technologies related to battery stability and performance, aiming to increase market share through product innovation[92]. Employee and Talent Management - The company has implemented a comprehensive employee rights protection mechanism, fostering a fair and safe work environment[142]. - The company is actively recruiting high-caliber talent and providing training opportunities to enhance employee capabilities and foster innovation[93]. - The total number of employees in the parent company and major subsidiaries is 866, with 583 in production roles[128]. Financial Management - The company raised 12,000 million in 2021, maintaining a capital structure with principal protection[173]. - The company reported a return range of 1.50% to 3.54% for its financial products in 2021[173]. - The company has a principal protection feature in its financial products, enhancing investor confidence[177]. Shareholder Information - The total number of ordinary shareholders was 21,364, an increase from 21,125 at the end of the previous month[197]. - The largest shareholder, Yu Yuankang, owns 20,000,000 shares, accounting for 15.00% of the total shares[199]. - The top ten shareholders hold a total of 100,000,000 shares, representing 75.00% of the total shares[199].