COMPLANT(SZ:000151)2022-04-22 16:00Financial Performance - The company reported a revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-on-year increase of 15%[16]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[16]. - The company's operating revenue for 2021 was CNY 2,159,612,715.64, representing a year-on-year increase of 21.29% compared to CNY 1,780,467,520.73 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 7,972,619.29, a significant turnaround from a net loss of CNY 290,705,255.96 in 2020, marking a 102.89% improvement[22]. - The net cash flow from operating activities for 2021 was negative CNY 17,247,071.14, a decline of 108.89% compared to a positive cash flow of CNY 25,539,586.71 in 2020[22]. - The company reported a basic earnings per share of CNY 0.0252 for 2021, compared to a loss per share of CNY -0.9822 in 2020, reflecting a 102.71% increase[22]. - The weighted average return on equity for 2021 was 0.69%, a recovery from -37.42% in 2020, indicating improved financial performance[22]. - The company reported a net profit of -7,720,742.44 CNY for 2021, resulting in a total distributable profit of -248,198,264.52 CNY, leading to no cash dividends or stock bonuses being proposed[147]. - In 2020, the company recorded a net profit of -287,884,262.95 CNY, with a total distributable profit of -240,477,522.08 CNY, resulting in no profit distribution[147]. - For 2019, the company achieved a net profit of 12,768,035.06 CNY, with a total distributable profit of 77,552,178.76 CNY, proposing a cash dividend of 0.2 CNY per 10 shares[148]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[16]. - Future guidance indicates a projected revenue growth of 18% for 2022, driven by increased demand in the renewable energy sector[16]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[16]. - The company plans to gradually restore its overseas engineering contracting business as pandemic control measures in key countries ease and vaccination rates increase[32]. - The company is focusing on expanding its environmental technology business while optimizing resource allocation in both domestic and international markets[37]. - The company aims to transform into a comprehensive solution provider in the solid waste sector during the "14th Five-Year Plan" period[101]. - The strategic goal includes integrating resources to build a leading technology platform for solid waste management, focusing on both domestic and international markets[101]. - The company plans to leverage traditional advantages while expanding its environmental business and enhancing project financing efforts[102]. - A dual approach of mergers and greenfield investments will be employed to accelerate the development of solid waste treatment business[101]. Research and Development - The company has invested RMB 50 million in research and development for new technologies in the past year, aiming for innovation in product offerings[16]. - The company has developed proprietary low-energy, ultra-low nitrogen incineration technology, leading in the industry with several mature applications[42]. - R&D investment increased by 22.17% to ¥64,788,381.46 in 2021 from ¥53,030,232.71 in 2020, representing 3.00% of total revenue[72]. - The number of R&D personnel rose by 14.15% to 121 in 2021 from 106 in 2020, with a significant increase in personnel holding master's degrees by 327.27%[71]. Operational Challenges and Risks - The management highlighted risks related to supply chain disruptions and inflation, with strategies in place to mitigate these risks[5]. - The company is facing challenges due to international instability and the impact of the global pandemic on project execution[103]. - The focus will be on technological innovation and cost control to adapt to changing macro and industry policies[104]. Corporate Governance and Compliance - The company conducted a thorough internal control system review and revised key governance documents, including the Articles of Association and the Board Work Regulations, to enhance governance and protect shareholder interests[110]. - The company has implemented a robust information disclosure policy, adhering to regulations to ensure accurate and timely information is available to all shareholders[111]. - The company has not engaged in any significant related-party transactions that could compromise the interests of minority shareholders, maintaining a fair operational environment[112]. - The company is committed to enhancing its governance structure in line with legal and regulatory requirements, ensuring compliance and accountability[110]. - The company has actively worked to protect the rights of minority shareholders, ensuring their interests are prioritized in governance practices[110]. Leadership and Management Changes - Zhang Peng was elected as the Chairman of the Board on December 30, 2021[120]. - Wang Duorong was elected as a Director on November 5, 2021[120]. - He Yalun was elected as an Employee Director on September 28, 2021[120]. - Niu Tianxiang was elected as an Independent Director on December 9, 2021[120]. - The company reported significant changes in its board and management structure, with multiple resignations and appointments throughout 2021[122]. - The current Chairman, Zhang Peng, has extensive experience in international trade and has held various leadership roles within the company and its affiliates[122]. - The company appointed new executives, including Sun Jinlin as Deputy General Manager and Wang Yi as Chief Financial Officer, effective October 15, 2021[121]. Shareholder Engagement - The company held multiple shareholder meetings with participation rates of 45.47% in February and April, 52.16% in August, and 52.29% in November, ensuring transparency and engagement with shareholders[116]. - The company emphasizes investor relations, providing timely responses to investor inquiries through various channels, including its website and interactive platforms[111]. - The company conducted multiple phone communications throughout 2021 to discuss its operational status, with no written materials provided during these discussions[105]. Environmental and Social Responsibility - The company has not encountered any significant environmental or social safety issues during the reporting period, adhering to sustainable development principles[165]. - The company actively participated in poverty alleviation efforts by purchasing local agricultural products, supporting rural revitalization initiatives[168]. - The company successfully maintained its ISO9000/ISO14000/OHS18000 quality/environment/occupational health and safety management system certifications in 2021[165]. Financial Management and Audit - The company has established a comprehensive internal control system that effectively covers all operational management aspects, with no significant omissions reported[153]. - The internal control evaluation report indicated that there were no major defects identified during the reporting period[155]. - The company has retained the domestic accounting firm Zhongxinghua CPA for two consecutive years, with an audit fee of 700,000 RMB[197]. - The company paid 3,000,000 RMB for internal control audit services and 5,500,000 RMB for underwriting and sponsorship fees related to a non-public stock issuance[197].