长虹美菱(000521) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥18,032,957,501.44, an increase of 17.19% compared to ¥15,388,050,229.67 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥51,898,388.84, a significant recovery from a loss of ¥85,565,716.91 in 2020, representing a growth of 160.65%[31]. - The net profit after deducting non-recurring gains and losses was -¥140,217,633.26 in 2021, an improvement of 49.53% from -¥277,816,055.91 in 2020[31]. - The basic earnings per share for 2021 was ¥0.0497, a turnaround from -¥0.0819 in 2020, marking a growth of 160.68%[31]. - The total assets at the end of 2021 were ¥15,190,469,756.33, a decrease of 5.67% from ¥16,103,355,454.46 at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were ¥4,837,334,400.21, down by 0.35% from ¥4,854,173,682.43 at the end of 2020[31]. - The net cash flow from operating activities in 2021 was ¥160,923,258.10, a decline of 88.53% compared to ¥1,403,516,222.46 in 2020[31]. - The weighted average return on equity for 2021 was 1.07%, an increase of 2.80 percentage points from -1.73% in 2020[31]. - The company reported a significant decrease in cash flow from operating activities, indicating potential liquidity challenges[31]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[8]. - The company has outlined potential risks and countermeasures in the "Management Discussion and Analysis" section of the report[9]. - The company has established risk management measures to mitigate market, liquidity, credit, operational, and legal risks associated with its foreign exchange transactions[114]. Corporate Governance - The company governance structure complies with national laws and regulations, ensuring effective decision-making and operational coordination[187]. - The company treats all shareholders equally, particularly small and medium-sized investors, ensuring their rights are fully exercised during shareholder meetings[188]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and finances, with no interference in decision-making[189]. - The board of directors actively participates in training and adheres to regulations, ensuring diligent performance of their duties[190]. - The supervisory board effectively monitors the board's decisions and company operations, ensuring compliance and legality[192]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[193]. - The company emphasizes communication with stakeholders to balance interests and promote sustainable development[194]. - The company strictly follows information disclosure regulations, ensuring timely and accurate communication with investors[195]. - The company actively manages investor relations, enhancing transparency and protecting the interests of small and medium-sized investors[197]. Product Development and Innovation - The company launched multiple innovative products, including the "十分净" series refrigerator and the "星辰" series maternal and infant refrigerator, which utilize advanced preservation technologies[50]. - The company has established several key innovation centers, including a national-level industrial design center and a 5G industrial internet innovation application laboratory, enhancing its core competitiveness[49]. - The company emphasizes continuous innovation in core technologies, including preservation, intelligent, and variable frequency technologies, to maintain industry leadership[54]. - The company has focused on high-end product development, launching the "M 鲜生" series and "十分薄" series, which address consumer pain points and enhance market competitiveness[50]. - The company aims to accelerate the smart home appliance process and explore new service value-added models, driven by its "智汇家生态圈计划" initiative[51]. Market Performance - The total production of refrigerators in China for 2021 is 86,096,000 units, with a year-on-year growth of 2.0%[44]. - The total sales volume of air conditioners in China for 2021 is 150 million units, reflecting a year-on-year increase of 7.9%[45]. - The retail sales of washing machines in 2021 reached ¥76.6 billion, with a year-on-year growth of 7.3%[46]. - The company sold 2,291.75 million units in 2021, marking a 9.84% increase from 2,086.39 million units in 2020[72]. Investment and Subsidiaries - The company invested CNY 35 million in a new subsidiary, holding a 70% stake, focusing on the research and sales of home appliances and kitchen products[106]. - The company established Anhui Toxing Technology Co., Ltd. with an investment of CNY 10 million, holding a 63.27% stake, aimed at the research, production, and sales of low-temperature refrigeration equipment[106]. - The company has established a new subsidiary, Anhui Ling'an Medical Devices Co., Ltd., with an investment of CNY 10 million, also holding a 63.27% stake, to enhance its medical device offerings[107]. Financial Management - The company has implemented a performance evaluation and incentive system to enhance internal management capabilities and activate productivity[59]. - The total cash and cash equivalents decreased by ¥585,334,883.53, representing a 156.30% decline year-on-year[88]. - The company's monetary funds at the end of 2021 amounted to ¥5,938,823,396.21, accounting for 39.10% of total assets, down from 40.93% at the beginning of the year[93]. - The total investment amount for the reporting period was ¥50,000,000.00, a significant decrease of 92.45% compared to ¥662,169,149.17 in the previous year[100]. Strategic Direction - The company's vision is to become a leading home appliance enterprise in China and a world-class, respected brand[164]. - The strategic direction focuses on "one goal and three main lines," emphasizing efficient inventory turnover and organizational transformation to enhance comprehensive competitiveness[165]. - The operational guideline for 2022 aims for market share growth while ensuring profitability, with a focus on marketing transformation and cost control[166]. - The company plans to improve commercial inventory turnover, R&D efficiency, manufacturing efficiency, and product quality to drive operational improvements[168].