Haosen(SH:688529)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was RMB 1,193,362,599.23, representing a 15.13% increase compared to RMB 1,036,543,748.60 in 2020[21]. - The net profit attributable to shareholders for 2021 was RMB 70,166,835.44, a decrease of 14.61% from RMB 82,172,963.91 in 2020[21]. - Basic earnings per share for 2021 were RMB 0.55, down 33.73% from RMB 0.83 in 2020[22]. - The weighted average return on equity decreased by 11.56 percentage points to 6.59% in 2021, compared to 18.15% in 2020[22]. - The net profit after deducting non-recurring gains and losses was RMB 42,051,609.63, down 23.87% from RMB 55,238,223.87 in 2020[21]. - The company's operating cost increased to CNY 888,293,046.83, reflecting a year-on-year growth of 17.71%[121]. - The comprehensive gross profit margin decreased to 25.56%, down by 1.63 percentage points compared to the previous year[123]. - The net cash flow from operating activities decreased by 227.93% to RMB -133,558,585.43, primarily due to increased cash payments for purchased goods[23]. Research and Development - Research and development expenses accounted for 6.93% of operating revenue, a slight decrease from 7.05% in 2020[22]. - The company achieved a total R&D investment of ¥82,704,996.80 in 2021, representing a 13.17% increase compared to ¥73,077,257.93 in the previous year[89]. - The company has obtained a total of 110 authorized patents and 132 software copyrights, with 28 new patents and 49 software copyrights granted in 2021[34]. - Key technological breakthroughs were made in the field of electric vehicle drive motors, including laser welding connection technology and U-PIN automatic insertion technology[86]. - The company is focusing on the development of flexible assembly technology for fuel cell stacks, with a total expected investment of ¥9,880,000.00, of which ¥2,544,432.00 has been invested to date[91]. Market Position and Strategy - The company continues to focus on the automotive industry, providing integrated solutions for both new energy and traditional fuel vehicles[37]. - The company is enhancing its competitive advantage in the new energy vehicle sector through increased R&D investment and market expansion strategies[36]. - The company plans to extend its lithium battery business to upstream intelligent production lines for battery cells[45]. - The company aims to provide integrated solutions combining assembly manufacturing, data flow, and material flow for its clients[56]. - The company is actively expanding its market presence along the "Belt and Road" initiative, securing increasing project orders in these regions[51]. Corporate Governance - The company has confirmed that all board members are present for the board meeting, ensuring governance compliance[4]. - The company has established a board secretary system to ensure compliance with information disclosure and corporate governance[180]. - The supervisory board convened 4 meetings in 2021, with all supervisors present and fulfilling their duties diligently[178]. - The company held a total of 7 board meetings during the year, all conducted through a combination of onsite and communication methods[196]. - The company reported no issues regarding independence from its controlling shareholders in terms of business and financial operations[180]. Risks and Challenges - The company has outlined various risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[3]. - The company faces risks related to technology updates and talent retention, with 687 R&D personnel making up 44.49% of the total workforce[107]. - The ongoing COVID-19 pandemic poses uncertainties that may impact sales and cash flow collection[115]. - The company is exposed to risks from fluctuations in the macroeconomic environment, which could adversely affect its performance[117]. - The company has a concentrated customer base in the automotive industry, which poses risks if the industry experiences a downturn[112]. Investment and Acquisitions - The company plans to acquire 100% equity of New Pu Automation, enhancing its product line and market presence in the lithium battery manufacturing sector[147]. - The acquisition of Xinpuh Automation Equipment Co., Ltd. is expected to broaden the product range and improve profitability, enhancing the company's influence in the new energy sector[172]. - The company is exploring potential mergers and acquisitions to further enhance its market position and diversify its offerings[187]. Future Outlook - The forecast for 2022 predicts total automobile sales in China to be 27.5 million units, a 5% increase, with NEV sales expected to reach 5 million units, a 42% year-on-year growth, potentially exceeding an 18% market share[73]. - The company aims to enhance its R&D capabilities in the new energy vehicle sector, focusing on key process equipment for various production lines[162]. - The company intends to enter the new energy vehicle materials and components manufacturing industry, utilizing its advanced automation and intelligent technology[157]. - Future guidance indicates a commitment to innovation and market expansion, with plans to invest in new technologies and product development[187].