ZHENHUA(SZ:000733)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥5,655,971,824.78, representing a 43.20% increase compared to ¥3,949,731,031.60 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥1,490,958,519.30, a significant increase of 146.21% from ¥605,569,382.22 in 2020[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,381,441,067.24, up 169.26% from ¥513,050,307.32 in 2020[18]. - The net cash flow from operating activities reached ¥1,335,358,874.60, a remarkable increase of 2,028.62% compared to -¥69,239,138.75 in 2020[18]. - Basic earnings per share for 2021 were ¥2.8946, reflecting a 146.08% increase from ¥1.1763 in 2020[18]. - Gross profit margin increased to 60.82%, up by 7.25 percentage points compared to the previous year[30]. - The company reported a net profit attributable to shareholders of ¥1,490,000,000.00 for the year, with quarterly profits showing a significant increase in Q4 to ¥535,247,615.96[21]. Assets and Liabilities - Total assets reached ¥11,122,768,868.08 in 2021, a 24.17% increase from ¥8,958,029,098.16 in 2020[19]. - Net assets attributable to shareholders increased by 24.61% to ¥7,441,051,074.48 in 2021 from ¥5,971,323,543.91 in 2020[19]. - Total liabilities reached CNY 3,685,539,261.80, up from CNY 2,985,707,651.76, which is an increase of approximately 23.4%[194]. - The company's equity increased to CNY 7,437,229,606.28 from CNY 5,972,321,446.40, representing a growth of about 24.5%[194]. - The total non-current liabilities decreased to CNY 406,192,576.72 in 2021 from CNY 523,507,128.06 in 2020, a decline of approximately 22.4%[198]. Research and Development - The company applied for 336 patents in 2021, including 162 invention patents, and received 223 patent grants, enhancing its intellectual property portfolio[27]. - The company has established 25 provincial and ministerial-level innovation platforms, reflecting its commitment to research and development[27]. - Research and development expenses rose by 11.45% year-on-year to ¥369,816,415.58, reflecting increased investment in product development[43]. - The number of R&D personnel increased by 12.34% to 865, with a notable rise in the number of master's degree holders by 20.3%[46]. Market Position and Strategy - The company is focusing on high-end product development, including new high-performance IGBT and solid-state relay products, to strengthen its market position[27]. - The military electronics component industry is experiencing a surge in orders, with the company capitalizing on this trend to achieve record operational scale and efficiency[25]. - The company anticipates rapid growth in domestic demand for electronic components, particularly in defense and civil sectors driven by new infrastructure projects like 5G and high-voltage power transmission[75]. - The company is committed to continuous improvement in product structure and technology to meet the evolving demands of the market[75]. Corporate Governance - The company held four shareholder meetings during the reporting period, ensuring all shareholders, especially minority shareholders, could fully exercise their voting rights[80]. - The company has established a performance evaluation system linking senior management's performance directly to their compensation, promoting transparency and accountability[81]. - The company is committed to maintaining independence from its controlling shareholder in business, personnel, assets, and financial aspects, ensuring a complete business system[82]. - The company has a structured governance framework with clear roles for its board members and management team[91]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[122]. - The company has consistently met pollution discharge standards across various pollutants, with no instances of exceeding limits reported[123]. - The company has established wastewater treatment facilities with capacities of 140t/d, 350t/d, and 120t/d for its subsidiaries, ensuring compliance with environmental standards[125]. - The company incurred a fine of 730,000 CNY for environmental violations related to unapproved use of construction project facilities, but it had no impact on operations[127]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 24,319, an increase from 23,333 at the end of the previous month, representing a growth of approximately 4.23%[171]. - The largest shareholder, China Zhinhua Electronics Group Co., Ltd., holds 32.73% of the shares, totaling 169,573,344 shares[173]. - The company did not conduct any repurchase agreements among the top 10 shareholders during the reporting period[174]. - The controlling shareholder is China Zhinhua Electronics Group Co., Ltd., a central state-owned enterprise, which has not changed during the reporting period[175]. Financial Management - The company has not reported any penalties from securities regulatory agencies for its current and recently departed directors and supervisors[94]. - The company’s financial reporting adjustments reflect a fair representation of its financial position and operating results in accordance with relevant laws and regulations[136]. - The company has not faced any penalties or corrective actions during the reporting period[141]. - The company has recognized a credit impairment loss of CNY 8,100 million on the entrusted loans due to the bankruptcy of a subsidiary[164].