Shanghai Friendess(SH:688188)2022-04-14 16:00Financial Performance - The company reported a net profit of 50 million RMB for the year 2021, marking a 20% increase compared to the previous year[1]. - The company's operating revenue for 2021 was CNY 913,439,700.70, representing a 60.02% increase compared to CNY 570,829,250.31 in 2020[22]. - Net profit attributable to shareholders for 2021 was CNY 550,198,665.07, a growth of 48.46% from CNY 370,592,915.28 in 2020[22]. - The net profit after deducting non-recurring gains and losses increased by 78.77% to CNY 543,637,658.49 in 2021, compared to CNY 304,107,005.31 in 2020[23]. - The net cash flow from operating activities rose by 37.59% to CNY 498,734,982.64 in 2021, up from CNY 362,468,196.66 in 2020[23]. - Basic earnings per share increased by 47.98% to CNY 5.49 in 2021, compared to CNY 3.71 in 2020[24]. - The gross profit margin for 2021 was 80.29%, a slight decrease of 0.44 percentage points from 2020[82]. - The company achieved a total revenue of 913,439,700.70 RMB in 2021, representing a year-on-year growth of 60.02%[78]. - The net profit attributable to shareholders reached 550,199,700 RMB, an increase of 48.46% compared to the previous year[78]. User Growth and Market Expansion - User data indicates a growth in active users by 15%, reaching a total of 1.2 million users by the end of 2021[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales in that region by 2023[1]. - Future guidance indicates a projected revenue growth of 10% for the upcoming fiscal year, driven by new product launches and market expansion strategies[131]. - Market expansion efforts are focused on increasing presence in Southeast Asia, targeting a 15% market share by the end of the next fiscal year[131]. Research and Development - The company has invested 100 million RMB in R&D for new technologies, focusing on fiber laser systems[1]. - Research and development expenses accounted for 15.12% of operating revenue in 2021, up from 14.38% in 2020[24]. - The company achieved a significant increase in R&D investment, totaling ¥138,138,029.01, which represents a 68.33% increase compared to the previous year[61]. - The number of R&D personnel increased to 186, accounting for 45.04% of the total workforce, while the average salary for R&D staff rose to 42.59 RMB[71]. - The company has obtained a total of 16 invention patents and 22 utility model patents in 2021, along with 13 software copyrights[54]. - The company is focused on continuous innovation and expanding its product offerings to maintain a competitive edge in the market[39]. Product Development and Technological Advancements - New product development includes the launch of a high-power laser cutting machine, expected to increase market share by 10%[1]. - The introduction of intelligent cutting heads has enhanced processing performance, enabling advanced functions such as intelligent perforation and molten pool monitoring[35]. - The company has made significant technological breakthroughs in laser cutting, intelligent welding, and precision processing during the reporting period[36]. - The FSCUT8000 system, combined with intelligent cutting heads, has improved production efficiency through features like intelligent back cutting and seamless connection[36]. - The company is expanding into the intelligent welding sector with solutions aimed at automating flexible processing for small-batch, non-standard parts[50]. - The company is developing an intelligent welding control system, which aims to achieve real-time tracking of weld seams[66]. Strategic Acquisitions and Investments - A strategic acquisition of a local competitor is in progress, which is expected to enhance the company's technological capabilities and customer base[1]. - The company plans to pursue strategic acquisitions to enhance its product offerings and market reach, with a budget of 50 million allocated for potential acquisitions[131]. - The company aims to integrate upstream and downstream resources through strategic acquisitions to enhance its competitive edge and sustainable development capabilities[116]. Risk Management and Compliance - The company has identified potential risks related to supply chain disruptions, which could impact production timelines[1]. - The management emphasizes the importance of maintaining financial transparency and has received a standard unqualified audit report from the accounting firm[1]. - The internal control audit report for the 2021 financial report was issued with a standard unqualified opinion[169]. - The company has established a systematic internal control system and long-term supervision mechanism to enhance risk management capabilities[168]. Governance and Shareholder Engagement - The company held a total of 4 shareholder meetings during the reporting period, including 1 annual meeting and 3 extraordinary meetings, with no resolutions being rejected[126]. - The board of directors has established specialized committees, including a strategy committee, audit committee, nomination committee, and compensation and assessment committee, to enhance decision-making efficiency[123]. - The company has implemented internal governance systems in compliance with relevant laws and regulations, ensuring effective operation of the general meeting, board of directors, and supervisory board[123]. - The company has a structured approach to determine the remuneration of its directors and supervisors based on their specific roles[138]. Sustainability and Social Responsibility - The company emphasizes its commitment to social responsibility and sustainable development, as stated by the board of directors[171]. - No administrative penalties were imposed on the company due to environmental issues during the reporting period[172]. - The company does not fall under the category of key pollutant discharge units and has implemented effective environmental protection measures[173]. Financial Management and Cash Flow - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to RMB 707.55 million[138]. - The company has a clear and structured cash dividend policy that aligns with shareholder interests and regulatory requirements[159]. - The company will strengthen the management of raised funds to ensure proper and compliant usage[200]. - The company commits to strictly executing its dividend policy to ensure shareholder returns[200].