柳工(000528) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥28,700,729,485.25, representing a 10.48% increase compared to ¥23,002,550,045.37 in 2020[39]. - The net profit attributable to shareholders for 2021 was ¥995,312,780.88, a decrease of 30.90% from ¥1,331,314,099.72 in 2020[39]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥776,906,769.56, down 29.60% from ¥1,103,564,984.73 in 2020[39]. - The net cash flow from operating activities for 2021 was ¥846,491,366.35, a significant decline of 57.97% from ¥2,007,827,379.66 in 2020[39]. - The total assets at the end of 2021 were ¥40,433,249,422.69, a decrease of 1.41% from ¥41,010,047,895.93 at the end of 2020[39]. - The net assets attributable to shareholders at the end of 2021 were ¥15,380,247,730.77, an increase of 3.28% from ¥14,891,518,166.03 at the end of 2020[39]. - The basic earnings per share for 2021 were ¥0.51, down 31.08% from ¥0.90 in 2020[39]. - The diluted earnings per share for 2021 were also ¥0.51, a decrease of 30.14% from ¥0.90 in 2020[39]. - The company reported a total of ¥218,406,011.32 in non-recurring gains for 2021, compared to ¥336,802,319.67 in 2020[49]. - In 2021, the company's total operating revenue increased by 10% year-on-year, reaching a historical high, despite a net profit decline of 30.94% to CNY 999.5 million[68]. Market Position and Strategy - The controlling shareholder of the company is Guangxi Liugong Group Co., Ltd., holding a 34.67% stake, which changed to 34.68% due to the repurchase of restricted shares[35]. - The company aims to enhance its profitability and asset scale through management experience and strategic transformations post-listing[54]. - The domestic market share of loaders returned to first place in the industry, with global sales maintaining the top position, while the company's excavator sales outperformed the industry by 10 percentage points[68]. - Overseas revenue grew by 66% year-on-year, with engineering machinery product sales exceeding the industry average by over 40 percentage points[69]. - The company is focused on enhancing its competitive strength to become a world-class enterprise in the engineering machinery industry[180]. - The company is actively pursuing strategic alliances and acquisitions to strengthen its international presence and operational capabilities[181]. - The company aims to achieve a revenue target of 33.5 billion yuan for 2022 through full value chain transformation and new product development[183]. Product Development and Innovation - The company is focused on technological innovation and new product development to strengthen its competitive position[35]. - The company launched 51 new engineering machinery products, including breakthroughs in large loaders and excavators, with the 856E-MAX electric product winning the "2021 China Engineering Machinery Annual Product TOP50 Technology Innovation Gold Award"[76]. - The company has established a comprehensive research and development system with over 1,000 R&D personnel and 24 research institutes, focusing on innovation in smart and electric machinery[62]. - LiuGong's R&D efforts resulted in 421 patent applications and 355 granted patents, including 73 invention patents, enhancing its innovation capabilities[81]. - The company is developing a cloud scheduling system for unmanned mining operations, which aims to improve work efficiency and reduce labor costs while addressing safety risks in the mining industry[133]. - The company is committed to building a leading global electric construction machinery industry cluster, providing comprehensive electrification solutions for customers[133]. Operational Efficiency and Cost Management - The company aims to enhance its manufacturing efficiency and reduce costs across the full value chain to improve profitability and asset quality[183]. - The financing leasing business saw a significant decline in revenue by 22.52%, totaling ¥520,515,630.20[106]. - The cost of raw materials in the engineering machinery sector was ¥20,653,700,621.01, which constituted 94.38% of the total operating costs[110]. - The company's inventory increased by 30.52%, with a total of 24,877 units in stock at the end of 2021[109]. - The company's sales expenses increased by 6.60% to CNY 2,039,944,413.33 in 2021 compared to CNY 1,913,690,318.73 in 2020[128]. Corporate Governance and Compliance - The company’s financial report has been confirmed as true, accurate, and complete by its management team[3]. - The company received an A-level rating for information disclosure from the Shenzhen Stock Exchange for the fourth consecutive year, indicating excellence in transparency[198]. - The company held 4 shareholder meetings, 12 board meetings, and 9 supervisory board meetings in 2021, ensuring compliance with legal and regulatory requirements[197]. Sustainability and Social Responsibility - The company is committed to green development, actively meeting national engineering construction needs with electric machinery and adhering to stricter emission standards[55]. - The company is committed to achieving carbon neutrality goals by promoting green and low-carbon equipment[185]. - The company is advancing the development of high-end intelligent engineering machinery and electric engineering machinery, aligning with carbon neutrality goals[179]. International Expansion - The company has developed a strong international presence, with manufacturing bases in India, Poland, Brazil, and Indonesia, and has established a marketing network covering over 2,700 points through more than 300 dealers[65]. - The company is actively expanding its market presence in Mongolia, Russia, Central Asia, and Europe through strategic logistics and supply chain optimization[90]. - The company's overseas business revenue surpassed 5 billion yuan, marking a historic milestone in its international development[100].