Headman(SH:688577)2022-04-26 16:00Financial Performance - The company reported a total revenue of 11,610.00 million RMB for the year, with a gross profit of 2,064.13 million RMB, representing a significant increase from the previous year[85]. - The company's operating revenue for 2021 was CNY 540,808,211.52, representing a year-on-year increase of 31.73% compared to CNY 410,550,923.38 in 2020[19]. - Net profit attributable to shareholders reached CNY 73.01 million, up 37.14% year-on-year[101]. - The net profit excluding non-recurring gains and losses was CNY 61.94 million, reflecting a 32.99% increase from the previous year[101]. - Operating costs rose to CNY 354.61 million, a year-on-year increase of 33.32%[103]. - The gross margin for the general equipment sector was 34.47%, down 0.79 percentage points from the previous year[105]. - High-end CNC lathe sales revenue increased significantly, contributing to the overall revenue growth[106]. Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling approximately 16.19 million RMB, which represents 22.18% of the net profit attributable to shareholders for 2021[5]. - The cash dividend represents 22.18% of the net profit attributable to shareholders for the year 2021[167]. Research and Development - The company achieved a 36.08% increase in R&D expenses, totaling approximately ¥32.46 million in 2021 compared to ¥23.85 million in the previous year[71]. - The R&D expenditure as a percentage of operating revenue rose to 6.00% in 2021, up from 5.81% in 2020[20]. - The total number of patents increased to 182, with 43 new applications filed and 37 patents granted in the current year[70]. - The company has established a high-quality R&D team and employs a project management approach for product development and innovation[48]. - The company is committed to independent innovation in core technologies for high-end CNC lathes, forming a complete development and manufacturing platform[37]. Market and Sales Strategy - The company plans to continue expanding its market presence and investing in new technologies to sustain growth in the coming years[20]. - The company has established a comprehensive sales network, with four offices generating sales orders exceeding 100 million RMB, and high-end CNC lathes accounting for over 80% of those orders[33]. - The company emphasizes the importance of personalized services to meet the strong demand for automation in the CNC machine tool industry, which is a key competitive advantage against imported brands[130]. - The company is focused on enhancing its brand value through specialization and precision in the CNC machine tool sector, aiming to become a "hidden champion" in the industry[132]. Governance and Management - The company has established a governance structure that ensures independent operation of the board of directors, supervisory board, and management, maintaining a complete business system and independent financial management[141]. - The board of directors consists of 7 members, including 3 independent directors, and has held 7 meetings during the reporting period to fulfill their duties diligently[142]. - The company has implemented a subsidiary management system to enhance operational control and mitigate business risks[177]. - The company has not reported any significant deficiencies in internal control during the reporting period[176]. Risks and Challenges - The company faces challenges in high-end CNC machine tool development due to a lack of technical talent and innovation in design[57]. - The company is exposed to intense market competition, particularly from advanced manufacturers in Germany, Japan, and the US, which could affect its market share and profitability[96]. - The company faces risks related to reliance on foreign brands for core components, which could impact the precision and stability of its high-end CNC machine tools if domestic alternatives are not available[91]. - The development of the electric vehicle market may negatively impact the demand for traditional CNC machine tools, affecting the company's revenue from automotive industry clients[99]. Environmental and Social Responsibility - The company has established an ISO14001 environmental management system to comply with environmental protection laws and regulations[192]. - The company’s main pollutants include waste gas, noise, and solid waste, with a total solid waste discharge of 10 tons of phosphating sludge and 55 tons of waste oil[181]. - The company actively participates in various social welfare activities while maintaining rapid business growth[197]. - The company donated a total of 1.5 million yuan for external contributions[195]. Employee Management - The company employed a total of 792 staff members, with 701 in the parent company and 91 in major subsidiaries[163]. - The workforce includes 470 production personnel, 131 sales personnel, 121 technical personnel, 12 financial personnel, and 58 administrative personnel[163]. - The company has established a salary structure that combines basic salary and performance bonuses, adhering to national laws and market standards[164]. - The company conducted training programs focusing on corporate culture, management skills, and safety production to enhance employee capabilities[165].