FREEWON(SH:688678)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was ¥726,487,784.03, representing a 40.53% increase compared to ¥516,950,211.02 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥122,139,075.84, which is a 9.48% increase from ¥111,559,341.41 in 2020[26]. - The net cash flow from operating activities decreased by 69.37% to ¥43,901,889.02 in 2021 from ¥143,334,918.46 in 2020[26]. - The total assets at the end of 2021 were ¥1,836,296,063.00, a 6.88% increase from ¥1,718,149,984.72 at the end of 2020[26]. - The basic earnings per share for 2021 was ¥0.70, down 18.60% from ¥0.86 in 2020[27]. - The gross profit margin for 2021 was 33.88%, down from 41.22% in 2020, indicating a decline in profitability[109]. - The cost of sales increased by 58.07% to 480.33 million RMB, primarily due to business scale growth[115]. - The company's main business revenue reached 721.83 million yuan, an increase of 41.04% compared to the previous year, driven by new product and customer development[118]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 8.34% in 2021 from 8.04% in 2020[27]. - R&D expenses for the reporting period amounted to RMB 60.57 million, an increase of 45.70% year-on-year, with 27 new R&D personnel added, representing a 14.84% growth compared to the end of the previous year[55]. - The company applied for 66 intellectual property rights during the reporting period, including 9 invention patents and 57 utility model patents, with 51 rights authorized, comprising 2 invention patents and 49 utility model patents[55]. - The company is focusing on the development of 13 core technologies, including high-precision metal injection molding and high-stability spring forming technology[85]. - The company has developed 13 core technologies, including high-precision metal forming and injection molding techniques, which are crucial for maintaining long-term high-quality development[100]. Market and Product Development - Revenue from 3C precision metal components was RMB 384.08 million, growing by 54.16% year-on-year[35]. - The automotive precision metal components revenue was RMB 157.13 million, reflecting an 11.76% increase year-on-year[35]. - The sales revenue from the photovoltaic sector reached RMB 62.26 million, marking a 70.64% increase year-on-year[35]. - The company is focusing on increasing product value by developing new products and enhancing existing ones in the consumer electronics sector[144]. - The company is actively pursuing opportunities in emerging industries such as 5G communication and the Internet of Things[141]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[7]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[10]. - The company has not violated any decision-making procedures for external guarantees[10]. - The company has confirmed that all board members attended the board meeting[6]. - The company has established a fair and reasonable salary and welfare distribution system to motivate employees, adjusting salaries based on performance and operational needs[184]. Employee and Management Structure - The company has a total of 1,717 employees, with 1,323 in production, 74 in sales, 209 in technical roles, 13 in finance, and 98 in administration[182][183]. - The company has initiated an employee stock ownership plan with a total funding of up to RMB 20 million, allowing participation from up to 140 employees[191]. - The company has maintained a consistent leadership structure with key personnel serving since 2019[162]. - The total pre-tax compensation for key personnel amounted to 687.33 million CNY during the reporting period[162]. Future Outlook and Strategic Initiatives - The company plans to invest RMB 1 billion in the "Nantong Precision Metal Parts Intelligent Manufacturing Base Project" to enhance production capacity and market scale[134]. - The company aims to deepen its business layout and expand into new sectors such as new energy batteries and solar photovoltaic battery mesh[143]. - The company plans to continue expanding its product offerings and customer base to sustain revenue growth in the future[118]. - The company is committed to improving automation and intelligence in manufacturing processes to meet the rising demand for precision metal parts[138]. - The company plans to continue strengthening its human resources by recruiting excellent R&D and management personnel to enhance the overall quality and capabilities of its workforce in 2022[150].