ANKAI(SZ:000868)2022-03-21 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,780,721,586.62, a decrease of 45.38% compared to ¥3,259,905,476.97 in 2020[20]. - The net profit attributable to shareholders in 2021 was a loss of ¥264,187,712.71, representing a decline of 365.30% from a profit of ¥99,582,445.56 in 2020[20]. - The net cash flow from operating activities was negative at ¥570,484,435.32, a decrease of 242.60% compared to ¥400,051,723.11 in 2020[20]. - The basic earnings per share for 2021 was -¥0.36, down 357.14% from ¥0.14 in 2020[20]. - Total assets at the end of 2021 were ¥3,784,511,609.78, a decrease of 25.97% from ¥5,111,885,944.93 at the end of 2020[20]. - The net assets attributable to shareholders decreased by 49.65% to ¥265,277,057.77 at the end of 2021 from ¥526,890,483.35 at the end of 2020[20]. - The company reported a net profit excluding non-recurring gains and losses of -¥313,011,958.88, an improvement of 24.52% from -¥414,719,654.42 in 2020[20]. - The weighted average return on net assets was -66.92% in 2021, a decline of 87.86% from 20.94% in 2020[20]. - The company’s domestic sales accounted for 94.95% of total revenue, amounting to CNY 1.69 billion, a decrease of 42.84% year-on-year[44]. Sales and Production - In 2021, the company sold a total of 3,833 buses, a decrease of 31.61% compared to 2020, aligning with the industry's downward trend[32]. - The company reported a total revenue of 1.5 billion CNY for the fiscal year 2021, representing a year-over-year increase of 10%[93]. - The total number of vehicles sold in 2021 reached 50,000 units, which is a 15% increase compared to the previous year[93]. - The sales of large buses decreased by 57.08% year-on-year, while medium and light buses saw declines of 21.48% and 20.02%, respectively[37]. - The new energy bus sales decreased by 32.08% year-on-year, reflecting the challenges in the market[39]. - The company achieved bus sales of 3,833 units, a year-on-year decrease of 31.61%[43]. Research and Development - The company has developed a product platform that includes 10-12 meter pure electric buses and hybrid buses, showcasing its R&D capabilities[42]. - The company’s research and development expenses in 2021 were CNY 93.94 million, a decrease of 21.88% from CNY 120.25 million in 2020[55]. - The company sold over 6,000 electric drive motors, achieving a significant milestone in optimizing the electric drive system[57]. - The company is advancing its smart driving bus project, which has been tested in multiple cities, aiming for practical and commercial applications[56]. - Research and development expenses increased by 25% in 2021, focusing on electric vehicle technology and autonomous driving systems[95]. Strategic Initiatives - The company plans to enhance its strategic partnerships with suppliers to ensure stable and reasonable pricing for components and materials[33]. - The company plans to achieve sales of 6,000 units and revenue of 2.4 billion yuan in 2022, aiming to improve operational quality and ensure profitability[81]. - The company aims to enhance customer perception, reduce costs, and focus on transformation and upgrading in its 2022 operational strategy[80]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach[93]. Governance and Compliance - The company has established a governance structure that complies with regulatory requirements, ensuring independence from major shareholders[89]. - The company has not faced any penalties from regulatory authorities in the past three years, indicating compliance with regulations[99]. - The board of directors actively participated in meetings, with no objections raised regarding company matters during the reporting period[104]. - The company has implemented a performance-based compensation system to attract and retain talent, adjusting salaries based on operational performance and local living standards[110]. Environmental and Social Responsibility - The company operates two wastewater treatment plants with a combined capacity of 300 tons per day, ensuring stable and compliant discharge[122]. - The company has established a comprehensive environmental self-monitoring plan, with no instances of exceeding discharge standards reported[126]. - The company actively participates in social responsibility initiatives, enhancing stakeholder trust and satisfaction[130]. - The company has a five-member "Safety Standard" expert group to oversee EHS management and compliance with ISO14001 and OHSMS18000 standards[130]. Legal Matters - The company is involved in a lawsuit with Shenzhen Minfu Wone New Energy Automobile Co., Ltd., with a claim amount of 36.3737 million yuan and an overdue payment interest calculated at an annual rate of 6% since March 22, 2018[146]. - The company has a mediation agreement with Yichang Gezhouba Pengcheng Transportation Co., Ltd., requiring the defendant to pay 7.466 million yuan and overdue penalty of 0.41859 million yuan[146]. - The company is actively pursuing legal actions to recover outstanding payments from various clients[150][151]. - The company has reported a total of 8 ongoing legal disputes related to vehicle sales and financing agreements[150][151]. Financial Transactions and Related Parties - The company reported a total revenue of 12,639.93 million yuan for the year 2021, with a significant portion attributed to related party transactions[155]. - The company engaged in related party transactions amounting to 4,558.08 million yuan for the purchase of chassis and components, representing 2.74% of the total transaction amount[154]. - The sales of components to related parties reached 8,081.85 million yuan, accounting for 4.54% of the total transaction amount[154]. - The company maintained compliance with market pricing for related party transactions, with no significant discrepancies noted[155].