MZT(SH:688355)2022-05-12 16:00Financial Performance - The company plans to distribute a cash dividend of 4 RMB per 10 shares, totaling approximately 49.34 million RMB, which represents 40% of the net profit attributable to shareholders for 2021[5]. - The company has not yet achieved profitability since its listing[4]. - In 2021, the company achieved operating revenue of CNY 713.79 million, a year-on-year increase of 16.54%[20]. - The net profit attributable to shareholders was CNY 123.36 million, reflecting a growth of 4.82% compared to the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 99.12 million, up 4.71% year-on-year[20]. - The company's total assets reached CNY 1,405.08 million, an increase of 79.31% from the previous year[20]. - The net assets attributable to shareholders were CNY 1,073.86 million, representing a significant growth of 136.49% year-on-year[22]. - The basic earnings per share decreased to CNY 1.12, down 12.50% from the previous year[21]. - The net profit attributable to shareholders for Q4 2021 was RMB 58.25 million, with a significant increase from previous quarters[23]. - The company reported a net cash flow from operating activities of RMB 63.63 million in Q4 2021, indicating strong cash generation capabilities[23]. Research and Development - The R&D investment accounted for 4.50% of operating revenue, an increase of 0.16 percentage points compared to the previous year[21]. - The company increased its R&D investment, with a notable rise in both the scale and proportion of investment compared to the previous year[30]. - The company has developed a core technology system with independent intellectual property rights, resulting in 174 authorized patents, including 85 invention patents and 87 utility model patents as of December 31, 2021[33]. - The company achieved a 20.8% increase in R&D investment in 2021, totaling ¥32,098,390.03, driven by new project developments and increased personnel costs[68]. - The company holds a total of 174 patents, including 85 invention patents and 87 utility model patents, reflecting its strong core technology advantages[65]. - The company has established a comprehensive R&D system with 97 technical personnel, enhancing its innovation capacity[82]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[148]. Operational Efficiency and Technology - The company implemented a digital management system to enhance operational efficiency and reduce costs[32]. - The company has successfully upgraded its core technology in core-making equipment, resulting in the MiCC300 integrated core-making unit, which has achieved international leading levels in technology and has been applied in industries such as new energy and fuel vehicles[34]. - The company has developed a green casting solution based on inorganic processes and dual-process core-making technology, meeting the upgrading needs of the automotive industry[35]. - The company has made significant progress in developing ultra-large core-making equipment for ship engines, with four invention and utility model patents applied for, aiming to replace foreign imports and promote green and efficient production in the ship casting industry[35]. - The company has implemented low-pressure pouring technology in various aluminum alloy products, achieving a gold award for quality castings at the 19th China International Foundry Expo[36]. - The company has developed the MDY01 series digital pouring unit, which improves casting mechanical properties and surface quality while increasing production efficiency[36]. - The company is focusing on smart manufacturing technologies, including MES and industrial robotics, to optimize production processes in the aluminum alloy casting sector[58]. Market and Product Development - The company is actively expanding into new product application areas, including a large-scale core shooting machine order for marine diesel engine parts[31]. - The company is focusing on the automotive and aerospace sectors, providing high-performance aluminum castings for new energy vehicles[76]. - The company aims to achieve a strength increase in aluminum alloy castings from ≥300MPa to ≥420MPa, enhancing high-temperature performance by 20%[75]. - The company is expanding its market presence in the new energy vehicle sector, targeting lightweight and high-performance components[76]. - The company is focusing on market expansion strategies and new product development as part of its growth initiatives[164]. Corporate Governance - The company does not have any special arrangements for corporate governance[8]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[4]. - The company has established a governance structure with a board of directors, supervisory board, and management team to ensure effective decision-making and compliance with regulations[137]. - The company is committed to strict compliance with the Company Law and regulatory rules during all committee meetings, ensuring diligent and responsible governance[164]. - The company has a clear strategy for maintaining independence and avoiding conflicts of interest with its controlling shareholder[137]. Environmental Responsibility - The company has invested in energy-saving projects such as rooftop photovoltaic power generation and energy management information systems, achieving significant results[192]. - The company has implemented a comprehensive waste management system, ensuring that hazardous waste is collected and disposed of by qualified units, with no direct emissions[199]. - The company adheres to national environmental laws and regulations, fulfilling its social responsibility in ecological protection[200]. Risks and Challenges - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company is exposed to risks related to raw material price fluctuations and potential geopolitical issues affecting its export markets[88]. - The company faced risks related to high customer concentration, with major clients significantly impacting operational performance[89]. - The company is at risk of financial impacts from potential changes in tax policies affecting its current preferential tax rate of 15%[94].