SUFA(SZ:000777)2022-05-05 16:00Financial Performance - The company reported a significant increase in revenue, with total revenue reaching 1.2 billion RMB, representing a year-on-year growth of 15%[15]. - The net profit attributable to shareholders was 150 million RMB, reflecting a growth of 20% compared to the previous year[15]. - The company's operating revenue for 2021 was ¥1,557,541,050.11, representing a 33.48% increase compared to ¥1,166,857,141.32 in 2020[22]. - The net profit attributable to shareholders was ¥120,129,234.65, up 14.81% from ¥104,630,026.73 in the previous year[22]. - The net cash flow from operating activities was ¥141,202,533.40, a significant improvement of 1,033.42% compared to -¥15,127,502.66 in 2020[22]. - The total revenue for the year was approximately ¥1.55 billion, with a quarterly breakdown of ¥260.28 million in Q1, ¥487.08 million in Q2, ¥332.74 million in Q3, and ¥477.44 million in Q4[26]. - The company reported a net cash flow from operating activities of ¥240.47 million in Q4, a substantial improvement compared to a negative cash flow of ¥11.49 million in Q1[27]. - The company’s total revenue for 2021 reached ¥1,557,541,050.11, representing a year-on-year increase of 33.48% compared to ¥1,166,857,141.32 in 2020[43]. - The company’s domestic valve sales reached ¥1,379,526,263.77, representing 88.57% of total revenue, with a year-on-year growth of 29.49%[43]. - The company’s overseas valve sales increased by 90.80%, amounting to ¥148,019,344.50, compared to ¥77,576,903.26 in 2020[43]. Dividend Policy - The company plans to distribute a cash dividend of 0.94 RMB per 10 shares to all shareholders, based on a total of 386,597,593 shares[5]. - The company reported a cash dividend of 0.82 yuan per 10 shares (including tax), totaling 36,340,173.74 yuan for the year 2020[129]. - The company plans to distribute a cash dividend of 0.94 yuan per 10 shares (including tax) for the year 2021, amounting to a total of 36,340,173.74 yuan[132]. - The company has a stable cash dividend policy, ensuring that the distribution aligns with the company's articles of association and shareholder resolutions[130]. - The company’s total distributable profit for the reporting period was 787,492,447.17 yuan[132]. Research and Development - New product development initiatives are underway, with an investment of 50 million RMB allocated for R&D in advanced valve technologies[15]. - The company has established multiple research and development platforms, including a provincial engineering technology research center and a postdoctoral research station, enhancing its innovation capabilities[34]. - Research and development investment amounted to CNY 53,971,499.53 in 2021, a 12.76% increase from CNY 47,865,227.09 in 2020, representing 3.47% of operating revenue[55]. - The company is currently developing key valves for the oil and petrochemical industry, aiming to enhance core technological competitiveness and create new economic growth points[54]. - The company is investing in research and development to innovate new products and improve existing technologies[187]. Market Expansion and Strategy - The company has outlined future expansion plans, targeting a 25% increase in production capacity over the next two years[15]. - The company is exploring potential mergers and acquisitions to enhance market presence, particularly in the Asia-Pacific region[15]. - The company is committed to expanding its overseas market presence, leveraging the "Belt and Road" initiative, despite facing increased risks due to global uncertainties[79]. - The company is focused on enhancing internal management through refined management practices, targeting quality improvement, cost reduction, and efficiency enhancement[78]. - The company plans to enhance its poverty alleviation and rural revitalization efforts in 2022, emphasizing industrial support[169]. Corporate Governance - The company has a governance structure that includes independent directors, supervisors, and senior management, ensuring compliance and risk management[104]. - The company has developed and revised various governance rules to ensure compliance and enhance corporate governance[90]. - The company has established effective communication channels with investors to protect their interests, particularly those of minority shareholders[91]. - The company maintains complete independence from its controlling shareholder in terms of personnel, assets, finance, and operations, ensuring stable business operations[93]. - The company has a clear performance evaluation system linked to executive compensation, aligning management incentives with company performance[111]. Sustainability and Social Responsibility - The company emphasizes its commitment to sustainability and has initiated projects to reduce carbon emissions by 10% over the next three years[15]. - The company achieved ISO14001 and ISO45001 certification in 2021, indicating compliance with environmental management standards[152]. - The company is developing a distributed photovoltaic power generation plan to reduce carbon emissions and energy costs, contributing to carbon neutrality goals[153]. - The company has established a comprehensive EHS management system to ensure compliance with environmental laws and regulations[151]. - The company raised nearly 32,000 yuan in donations during the "One Day Donation" campaign, demonstrating its commitment to social responsibility[167]. Risk Management - The company has identified key risks, including supply chain disruptions, and has implemented strategies to mitigate these risks[5]. - The company is enhancing its risk management capabilities by building an integrated management platform to improve sensitivity to risks[89]. - The company will establish a risk assessment mechanism for R&D projects to ensure controllable risks and protect intellectual property[80]. - The company recognizes the low entry barriers in the valve industry, which intensifies market competition and may lead to customer attrition[79]. - The company has no reported risks identified by the supervisory board during the reporting period[124]. Employee Engagement and Training - The company conducted a total of 1246 training sessions, accumulating 18,289 hours of training, averaging 17.3 hours per employee[128]. - The total number of employees at the end of the reporting period was 1,077, with 499 in production, 66 in sales, 140 in technology, 28 in finance, and 344 in administration[126]. - The company organized various employee engagement activities to boost morale and cohesion, including competitions and cultural events[158]. - The company emphasizes the importance of employee health and well-being, providing annual health check-ups and support for employees in need[158]. - The company has established a management system that links employee compensation to value creation, ensuring a dynamic mechanism for salary distribution[127].