JEE(SH:688162)2022-04-25 16:00Financial Performance - The company achieved operating revenue of CNY 2,122,797,043, representing a year-on-year growth of 42.06%[18]. - Net profit attributable to shareholders was CNY 130,633,450, a 1.85% increase compared to the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 107,521,062.52, reflecting a 20.92% increase year-on-year[18]. - Total assets at the end of 2021 reached CNY 5,587,556,781.55, a 117.48% increase from the previous year[18]. - Shareholders' equity attributable to the parent company increased by 177.33% to CNY 2,514,381,983.02[18]. - Basic earnings per share decreased slightly to CNY 1.24, down 3.13% from the previous year[19]. - The company reported a net cash flow from operating activities of CNY -99,453,751.19, compared to CNY -85,897,173.78 in the previous year[18]. - The company achieved a net profit attributable to the parent company of CNY 130,633,450 in 2021, with a cumulative distributable profit of CNY 225,359,974.25 as of December 31, 2021[167]. - The proposed cash dividend for 2021 is CNY 3.00 per 10 shares, amounting to a total of CNY 41,100,000, representing a cash dividend payout ratio of 31.46%[167]. Research and Development - The company’s R&D expenditure accounted for 7.84% of operating revenue, a decrease of 1.22 percentage points compared to the previous year[20]. - Research and development expenses amounted to 166 million yuan, an increase of 31 million yuan or 23.01% year-on-year[32]. - The company has obtained a total of 557 authorized patents and 137 software copyrights, with 103 new patents granted during the reporting period[32]. - The company achieved a total R&D investment of ¥166,472,016.04, representing a 23.01% increase compared to the previous year[75]. - The total R&D investment accounted for 7.84% of operating revenue, a decrease of 1.22 percentage points from 9.06% in the previous year[75]. - The company has accumulated rich industry experience and technical reserves in key areas such as intelligent manufacturing production lines and electric motor control components, with 21 core technologies related to intelligent equipment and 12 core technologies for electric motor control components[59]. - The company emphasizes continuous R&D investment to enhance core competitiveness, focusing on customer needs and industry technology trends[59]. Market Expansion and Product Development - The company is actively pursuing market expansion and new product development, although specific figures and timelines are not disclosed in the provided content[5]. - The company plans to continue expanding its smart equipment and electric vehicle components business to drive future growth[20]. - The company achieved new orders of 2.989 billion yuan in the intelligent equipment sector, representing a year-on-year increase of over 70%[30]. - The delivery of new energy vehicle motor and electronic control components reached 82,600 sets, a year-on-year increase of 206.17%[31]. - The company is focused on developing next-generation motor and controller products to meet customer demands in the electric vehicle sector[32]. - The company aims to become a leading player in the intelligent equipment and new energy vehicle components market, leveraging its long-term partnerships with major automotive manufacturers[35]. - The company is positioned as a leading supplier in the intelligent equipment and new energy vehicle components sector, with a strong brand image and extensive customer resources[53]. Governance and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm, ensuring the accuracy and completeness of its financial statements[4]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties, indicating strong governance practices[6]. - The company has not violated decision-making procedures for external guarantees, further reflecting its commitment to regulatory compliance[7]. - The company has not experienced any situations where more than half of the board members could not guarantee the authenticity and completeness of the annual report[7]. - The company has established a modern corporate governance structure, ensuring effective decision-making and supervision[140]. - The company confirmed that there were no significant differences in governance compared to the regulations set by the China Securities Regulatory Commission[140]. - The company has not engaged in any significant related party transactions that would affect its independence[140]. Risks and Challenges - The company has outlined potential risks in its operations, which are detailed in the "Management Discussion and Analysis" section of the report[3]. - The company faces risks related to overseas project implementation, including political and economic factors that could impact project execution[92]. - There is a risk of declining gross margins due to the high costs associated with non-standard products and the increasing proportion of lower-margin new energy vehicle components[94]. - Changes in tax incentives and government subsidies could adversely affect the company's financial performance if relevant policies are modified[94]. - The company is facing risks from potential changes in government subsidies for new energy vehicles and smart equipment[95]. Employee and Talent Development - The company increased its employee count by 34.21% compared to the previous year, enhancing its talent pool for future growth[34]. - The number of R&D personnel increased to 490, representing 20.92% of the total workforce, compared to 452 and 25.9% in the previous period[82]. - The average salary for R&D personnel rose to RMB 19.26 million, up from RMB 17.37 million[82]. - The company has focused on talent development, combining internal training and external recruitment to build a high-quality team, which is crucial for its international competitiveness[90]. Environmental and Social Responsibility - The company strictly adheres to environmental protection laws and has not faced any administrative penalties for environmental issues during the reporting period[178]. - The company has implemented various environmental management systems to ensure compliance with environmental protection requirements[182]. - The company actively engages in social responsibility activities, organizing cultural events and establishing a charity fund since 2012[175]. - The company has not made any donations or contributions to public welfare projects in 2021[184]. Supply Chain and Production - The company’s supply chain optimization strategies have improved its supply assurance capabilities during the pandemic[34]. - The company has developed intelligent equipment and production lines for power batteries, successfully entering the supply chain of leading domestic power battery manufacturers and vehicle manufacturers[39]. - The company has established a comprehensive procurement management system and supplier management system to ensure product quality and safety, with strict supervision of supplier selection and procurement processes[189]. - The company has implemented a digital supply chain through systems like SRM, ERP, MES, WMS, and CRM, ensuring end-to-end information flow and traceability throughout the product lifecycle[190].