BR-robot(SH:688218)2022-04-27 16:00Financial Performance - The company plans to distribute a cash dividend of RMB 0.6 per 10 shares, totaling approximately RMB 7,040,400, which represents 32.34% of the net profit attributable to shareholders for the year 2021[5]. - The company has not achieved profitability since its listing, indicating ongoing investment and growth strategies[4]. - In 2021, the company's operating revenue reached CNY 587.43 million, an increase of 24.23% compared to the previous year[20]. - The net profit attributable to shareholders was CNY 21.77 million, a decrease of 26.30% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 16.20 million, down 18.66%[22]. - The company's cash flow from operating activities was CNY 58.48 million, showing a slight increase of 2.43% from the previous year[20]. - The basic earnings per share for 2021 was CNY 0.19, a decline of 24.00% compared to the previous year, while diluted earnings per share was CNY 0.18, down 28.00%[23]. - The total assets of the company at the end of 2021 were CNY 1,516.75 million, an increase of 18.93% compared to the end of 2020[21]. - The company reported a significant inventory impairment provision of CNY 18.69 million due to project delays and increased costs[22]. - The company experienced a reduction in government subsidies compared to the previous year, impacting overall profitability[22]. - The company's operating cost for the reporting period was CNY 489.52 million, reflecting a 19.90% increase year-over-year[123]. - The company's gross profit margin for its main business was 16.67%, up by 3.01 percentage points from the previous year[125]. Research and Development - Research and development expenses accounted for 4.50% of operating revenue, an increase of 0.67 percentage points from the previous year[21]. - The company invested a total of 26.43 million yuan in R&D, maintaining a high level of investment[37]. - The company applied for 29 intellectual property rights, including 15 invention patents and 11 utility model patents during the reporting period[37]. - The company has enhanced its research and development capabilities, holding 18 authorized invention patents, 53 utility model patents, and 25 software copyrights as of December 31, 2021[69]. - The company achieved a total R&D investment of ¥26,434,770.30 in 2021, representing a 45.82% increase compared to ¥18,128,774.09 in the previous year[88]. - R&D investment accounted for 4.50% of total revenue, an increase of 0.67 percentage points from 3.83% in the previous year[88]. - The company is developing a laser precision welding technology project with a total investment of ¥1,000,000, of which ¥246,580 has been invested in the current period[91]. - The company is also working on a 2D/3D vision system project, with a total investment of ¥129,000 and ¥119,540 invested in the current period[91]. - The company has made significant advancements in AI-based intelligent robotic welding technology, achieving industry-leading capabilities[83]. Market and Industry Trends - Global sales of new energy vehicles reached approximately 6.37 million units in 2021, a year-on-year increase of 100%[32]. - The industrial robot system integration market is significantly larger than the robot body market, driven by high demand in sectors like automotive and electronics[60]. - The demand for industrial robots is expected to surge due to the rapid growth of the new infrastructure construction, particularly in areas like 5G, industrial internet, and electric vehicle charging stations[72]. - The trend towards "unmanned" solutions in manufacturing is driven by rising labor costs and the need for compliance with international regulations, leading to increased adoption of industrial robots[74]. - The integration of emerging technologies such as AI, big data, and 5G is enhancing the capabilities of industrial robots, particularly in smart manufacturing and welding equipment[77]. - The industrial robot market in China is expected to reach 58.9 billion yuan by 2023, up from 44.57 billion yuan in 2021, indicating significant growth[152]. - The production of new energy vehicles in China surged to 3.5449 million units in 2021, accounting for 13.36% of total vehicle production, with a compound annual growth rate of approximately 83.10% from 2011 to 2021[159]. Corporate Governance - The company has established a governance structure that complies with legal requirements, ensuring investor rights and promoting sustainable development[180]. - The company held two shareholder meetings during the reporting period, ensuring compliance with legal procedures and protecting the rights of all shareholders[181]. - The company ensured accurate and timely information disclosure, maintaining fairness for all shareholders, and established a dedicated department for investor relations activities[185]. - There were no incidents of insider trading or regulatory actions against the company related to insider information management during the reporting period[186]. - The company conducted 1 annual general meeting and 1 extraordinary general meeting, with all resolutions passed in accordance with legal and regulatory requirements[187]. Strategic Initiatives - The company plans to optimize its organizational structure by consolidating seven business units into five, aiming to enhance resource utilization and operational efficiency[36]. - The company is focusing on integrating 3D vision technology with industrial robots to provide cost-effective solutions for manufacturing and logistics[70]. - The company aims to double the density of robots in manufacturing by 2025, aligning with national strategies for high-end manufacturing and innovation[77]. - The company plans to focus on smart manufacturing, new energy vehicles, energy storage, and semiconductors over the next three years, enhancing R&D investment and exploring industry funds for expansion[168]. - The company will explore new sales models and enhance customer engagement to solidify its position in the automotive integration industry[173]. - The company plans to establish a talent development system to enhance the overall capability of its workforce, ensuring a steady supply of high-quality technical and management talent[177]. Challenges and Risks - The company has outlined potential risks in its management discussion and analysis section, urging investors to pay attention to these factors[4]. - The company faced challenges from overseas project disruptions due to the pandemic, leading to increased project costs and extended timelines[22]. - The company faces risks related to raw material supply and price fluctuations, which could significantly impact its operations[112]. - The company adjusted its market strategy to delay overseas expansion due to rising execution costs from ongoing pandemic impacts[128]. Employee and Management Information - The company has implemented a stock incentive plan to attract and retain talented employees, enhancing team cohesion and creativity[107]. - The total number of shares held by Chairman Zhu Zhenyou remained unchanged at 26,774,294 shares, with a pre-tax remuneration of 633,500 CNY[191]. - The company has a total of 12 directors and supervisors, with varying levels of shareholding and remuneration, indicating a diverse management structure[194].