KBC(SH:688598)2022-02-25 16:00Financial Performance - In 2021, the company's operating income reached approximately CNY 1.34 billion, representing a growth of 213.72% compared to the previous year[29]. - The net profit attributable to shareholders was approximately CNY 501.1 million, an increase of 197.25% year-over-year[29]. - The net profit after deducting non-recurring gains and losses was approximately CNY 459.8 million, reflecting a growth of 215.31% compared to the previous year[29]. - The total assets at the end of 2021 amounted to approximately CNY 2.94 billion, a significant increase of 98.06% from the previous year[29]. - The net assets attributable to shareholders increased by 46.29% year-over-year, reaching approximately CNY 1.89 billion[29]. - The net cash flow from operating activities was approximately CNY 66.8 million, up 61.99% from the previous year[29]. - The basic earnings per share for 2021 was CNY 6.2585, a rise of 166.07% compared to 2020[29]. - The company achieved a revenue of 1.5 billion in 2021, representing a year-over-year growth of 15%[176]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a growth of 15% year-over-year[179]. Research and Development - The company invested 64.97 million yuan in R&D, an increase of 87.60% year-on-year, focusing on carbon-based composite materials and expanding applications in hydrogen energy and high-purity materials[42]. - The company invested a total of 64.97 million yuan in R&D during the reporting period, representing an increase of 87.60% compared to the previous year[58]. - The number of R&D personnel increased to 62, up 55.00% compared to the previous period[58]. - The company holds a total of 132 patent applications, with 97 patents granted, including 34 invention patents[70]. - The company has developed a carbon/ceramic composite preparation method that is cost-effective and has a short production cycle[66]. - The company has successfully developed competitive advanced carbon-based composite materials, achieving large-scale industrialization in the silicon manufacturing thermal field[80]. - The company is committed to strengthening its talent pool in carbon-based materials and related fields to support continuous technological innovation[154]. Market Expansion and Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[41]. - The management highlighted a focus on strategic acquisitions to enhance competitive positioning in the market[41]. - The company aims to enhance its position as a platform company in new materials by diversifying product development and market expansion strategies[42]. - The company is actively exploring new applications for carbon-based materials in third-generation semiconductor silicon carbide thermal fields and hydrogen fuel cell carbon paper[90]. - The company plans to accelerate the construction of advanced carbon-based composite materials production capacity to maintain its competitive advantage in the photovoltaic industry[151]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million allocated for potential deals[176]. Governance and Compliance - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[11]. - The company has not violated decision-making procedures for external guarantees[11]. - The company disclosed information in accordance with the Shanghai Stock Exchange regulations, ensuring transparency and equal access to information for all shareholders[161]. - The company held 3 shareholder meetings in 2021, reviewing 27 proposals, ensuring compliance with legal regulations and protecting minority shareholders' rights[156]. - The company has not been subject to penalties from securities regulatory agencies in the past three years[190]. Risks and Challenges - The company is subject to a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a substantive commitment to investors[8]. - The company faces risks related to fluctuations in raw material prices, particularly carbon fiber, natural gas, and electricity[92]. - There is uncertainty regarding the fulfillment of long-term cooperation framework agreements with partners, which may affect sales performance[93]. - The ongoing pandemic poses risks to the company's production and operations if not fully controlled[95]. - The company faces risks related to the inability to digest new production capacity if market conditions change unfavorably[91]. Product Development and Innovation - The company is developing a series of ultra-large size thermal field components of 40 inches and above to meet the growing demands of the photovoltaic industry[59]. - The company has introduced ultra-high purity thermal field components to enhance the quality of silicon manufacturing[59]. - The company has developed a new large-size carbon/carbon composite heater technology, extending the heater's lifespan and improving performance[66]. - The company has developed a new monitoring system for high-temperature heat treatment equipment, enhancing operational efficiency and reducing production safety risks[76]. - The company has established a key technology for the preparation of ultra-large carbon-based composite insulation tubes, addressing the size limitations in high-temperature thermal field systems[75]. Shareholder Information - The total number of shares held by the chairman and chief scientist, Liao Jiqiao, remained unchanged at 10,628,950 shares throughout the reporting period[169]. - The total number of shares held by the general manager, Wang Bingquan, increased by 266,000 shares due to equity incentives and non-trade transfers[169]. - The total pre-tax remuneration for the chairman, Liao Jiqiao, was 1.3855 million yuan[169]. - Total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 8.597 million[189].