Financial Performance - The company plans to distribute a cash dividend of RMB 1.35 per 10 shares, totaling RMB 21.6 million, which accounts for 30.66% of the net profit attributable to shareholders for 2021[5]. - The company has not yet achieved profitability since its listing[4]. - The company's operating revenue for 2021 was CNY 501,997,044, representing a 9.51% increase compared to CNY 458,392,572 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 70,447,191.66, which is a 13.53% increase from CNY 62,050,282.06 in 2020[22]. - The basic earnings per share for 2021 was CNY 0.47, a decrease of 9.62% from CNY 0.52 in 2020[23]. - The gross profit margin for the main business was 31.56%, a decrease of 8.06 percentage points compared to the previous year[102]. - The company achieved a gross margin of 40%, up from 35% in the previous year[146]. - The company reported a positive profit for the reporting period, with a profit available for distribution to shareholders, but did not propose a cash profit distribution plan[170]. Operational Efficiency - The net cash flow from operating activities decreased by 14.78% to CNY 63,369,808.16 in 2021 from CNY 74,361,185.87 in 2020[22]. - The company reported a significant increase in net cash flow from financing activities, which surged by 473.42% to CNY 152,131,463.62, mainly due to the arrival of raised funds[99]. - Operating costs increased to CNY 344,461,545.11, up 24.68% compared to the previous year, primarily due to increased sales revenue and rising raw material and energy prices[99]. - The company achieved compliance with the Shanghai Air Pollutants Comprehensive Emission Standards, with particulate matter emissions recorded at 2.4 mg/m³[177]. - The company has implemented lean production management and 5S management to improve employee efficiency and reduce pollutant emissions[193]. Research and Development - Research and development expenses accounted for 6.45% of operating revenue in 2021, an increase of 0.9 percentage points from 5.55% in 2020[23]. - The company has increased its R&D investment to enhance product quality and service levels, aligning with national environmental policies[34]. - Total R&D expenses increased by 27.35% year-over-year, reaching ¥32,384,173.91 compared to ¥25,429,094.52 in the previous year[72]. - The company is currently working on 12 R&D projects with a total expected investment of ¥30,000,000, focusing on various advanced materials and technologies[75]. - The company is committed to increasing R&D investment and improving its R&D system to support technological breakthroughs and product innovations[132]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies and products[24]. - The company has established strategic partnerships with well-known enterprises such as Shandong Guoshun Group and Beijing Zhongjing Environment to expand its market presence[36]. - The company is actively expanding into the rapidly growing waste incineration and cement denitrification markets, aiming to enhance its market share in these sectors[53]. - The company aims to enhance its competitive advantage and market share by continuously innovating products and providing comprehensive services throughout the product lifecycle[130]. - The company plans to strengthen its market expansion in the third-party testing field and enter the online monitoring equipment sector, focusing on hydrogen energy and lithium batteries[130]. Environmental Compliance and Initiatives - The company is classified as a key pollutant discharge unit and complies with relevant environmental standards for emissions[176]. - The company has established a comprehensive environmental protection management system, including various regulations and responsibilities for environmental protection[191]. - The company actively participates in environmental protection activities and promotes green office practices, including paper recycling and energy conservation[193][194]. - The company has implemented a self-monitoring plan for air pollutants, with monitoring frequency set at once every six months for various pollutants[183]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[188]. Governance and Management - The company has established a governance structure that includes various committees to ensure clear responsibilities and effective checks and balances[137]. - The company has maintained a stable management team with no significant changes in key positions during the reporting period[142]. - The company emphasizes talent development, with a skilled team covering various disciplines, contributing to multiple national technology innovation projects[87]. - The company has implemented a comprehensive training plan to enhance employee skills and management capabilities[168]. - The company has a diverse board with members having extensive experience in various sectors, including finance, technology, and law[145]. Financial Health and Risks - The company's accounts receivable and contract assets totaled 251.1678 million yuan, accounting for 23.70% of total assets, indicating potential credit risk[94]. - The company's inventory value was 136.0161 million yuan, representing 12.83% of total assets, which poses a risk of obsolescence if market conditions change[95]. - The company faces risks related to potential fluctuations in raw material prices and profit margins due to market competition and economic conditions[91]. - The company has optimized its supply chain management, enhancing operational efficiency and ensuring timely delivery of customer orders[89]. - The company has established a performance management system and a competitive compensation policy to incentivize employees based on individual and company performance[167].
元琛科技(688659) - 2021 Q4 - 年度财报