GRIPM(SH:688456)2022-04-21 16:00Financial Performance - The net profit attributable to shareholders for 2021 was RMB 81,230,063.46, with a cash dividend distribution plan of RMB 2.4 per 10 shares, resulting in a total cash distribution of RMB 24,878,400[5]. - The company's total share capital as of December 31, 2021, was 103,660,000 shares, leading to a cash dividend payout ratio of 30.63% for the year[5]. - The net profit attributable to shareholders decreased by 38.54% to ¥81,230,063.46, primarily due to the previous year's profit including a one-time relocation gain of ¥71,549,700[20]. - The basic and diluted earnings per share fell by 53.07% to ¥0.84, reflecting the impact of non-recurring gains from the previous year[19]. - The net profit after deducting non-recurring gains increased by 48.01% to ¥55,082,804.66, supported by higher sales volumes[20]. - The company's operating revenue increased by 60.16% year-on-year, reaching ¥2,780,806,538.15, driven by increased sales and rising raw material prices[20]. - The total revenue for the year was ¥2.54 billion, with a year-on-year growth of 64.24%[96]. - The company reported a significant increase in revenue, achieving a total of 2.82% shareholding through the investment partnership with Qiongcheng Hengrui Hechuang Investment Partnership[140]. Research and Development - The company's R&D expenditure as a percentage of operating revenue was 3.64%, slightly down from 3.72% in the previous year[19]. - The total R&D investment for the year was approximately ¥101.30 million, representing a 56.81% increase compared to the previous year[61]. - The company has applied for 24 new patents and obtained 17 new patents, bringing the total to 142 authorized patents[58]. - The company has ongoing projects, including the development of ultra-fine, narrow-grained tin-based solder powder, with a total investment of ¥1.06 billion[63]. - The company aims to enhance product performance and stability through increased R&D investment, focusing on new product development and existing product upgrades[62]. - The R&D department is focusing on advanced material technologies, with a budget increase of 20% allocated for innovation initiatives[143]. Operational Efficiency - The net cash flow from operating activities decreased by 596.06% to -¥35,676,585.97, attributed to increased working capital requirements due to rising raw material prices[20]. - Operating costs increased to approximately ¥2.54 billion, up 62.97% from ¥1.56 billion, primarily due to rising prices of key raw materials such as copper, tin, and silver[86]. - The company reported a significant increase in inventory levels, particularly in copper-based powder materials and microelectronic solder powder, due to pre-holiday stockpiling[93]. - The production volume of copper-based powder materials was 26,411.39 tons, with a sales volume of 25,004.74 tons, reflecting a year-on-year increase of 14.41%[93]. - The company has established a quality control platform for material production, enhancing the overall production process and product quality[65]. Market Expansion - The company is focusing on expanding its international market presence in Southeast Asia, Europe, and America to enhance its global strategic layout[121]. - The company has established regional industrial bases in Beijing, Chongqing, Anhui, and Shandong, and has successfully entered the European powder metallurgy market through its UK subsidiary, Makin[71]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and diversify its product portfolio[136]. - The company plans to produce 3,300 tons of tin powder and achieve over 30% growth in sales of high-value-added products by the end of 2022[123]. Corporate Governance - The company has not reported any special arrangements for corporate governance[7]. - The company has established a comprehensive salary and performance evaluation management system to enhance employee motivation and engagement[161]. - The company emphasizes regular employee training to enhance professional skills and meet departmental needs[162]. - The company has implemented a management reform plan for the term 2021-2024[150]. - The company has a clear cash dividend policy outlined in its articles of association, ensuring transparency and adherence to shareholder interests[163]. Environmental and Social Responsibility - The company emphasizes ESG principles, integrating environmental protection and social responsibility into its business strategy to promote sustainable development[169]. - The company has established a sound environmental management system and emergency response plans for environmental incidents, ensuring compliance with local ecological requirements[177]. - The company has implemented measures to reduce energy consumption, achieving a year-on-year decrease in industrial energy consumption per ten thousand yuan of output[181]. - The company donated 150,000 yuan to the Beijing Huairou District Charity Association for educational development[187]. - The company purchased agricultural products worth 85,000 yuan from Sinan County to support rural revitalization efforts[188]. Future Outlook - The company aims to achieve a total profit of over 100 million yuan and sales volume exceeding 35,000 tons in 2022[123]. - Future guidance suggests a continued focus on revenue growth and market expansion strategies[134]. - The company plans to launch three new products in the upcoming quarter, targeting a revenue increase of 10% from these new offerings[136]. - The company has set a performance guidance of 10% revenue growth for the next fiscal year, driven by both existing and new product lines[136].