潍柴重机(000880) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 3,410,677,883.78, representing a year-on-year increase of 3.09% compared to CNY 3,308,471,104.76 in 2020[19]. - The net profit attributable to shareholders of the listed company was CNY 136,782,888.89, an increase of 24.70% from CNY 109,685,805.81 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 116,582,209.84, up 10.20% from CNY 105,795,201.00 in 2020[19]. - The basic earnings per share for 2021 was CNY 0.41, a 24.24% increase from CNY 0.33 in 2020[19]. - The total assets at the end of 2021 were CNY 4,701,275,170.58, reflecting a 5.69% increase from CNY 4,448,301,788.15 at the end of 2020[19]. - The net assets attributable to shareholders of the listed company were CNY 1,690,910,035.55, an increase of 7.98% from CNY 1,565,990,569.28 at the end of 2020[19]. - The net cash flow from operating activities was CNY 180,735,043.27, a decrease of 28.05% compared to CNY 251,180,085.76 in 2020[19]. - The weighted average return on net assets was 8.40%, up from 7.25% in the previous year[19]. Revenue Breakdown - In Q1 2021, the company reported revenue of approximately ¥827.13 million, with a net profit attributable to shareholders of about ¥18.21 million, and a net cash flow from operating activities of ¥99.02 million[23]. - For the full year 2021, the company achieved total revenue of approximately ¥3.41 billion, representing a year-on-year increase of 3.09%, while net profit attributable to shareholders rose by 24.7% to approximately ¥137 million[29]. - The company's engine segment generated revenue of approximately ¥1.73 billion, accounting for 50.86% of total revenue, although it saw a decline of 3.67% compared to the previous year[34]. - The generator set segment experienced significant growth, with revenue increasing by 17.85% to approximately ¥785.35 million, representing 23.03% of total revenue[34]. - Domestic sales accounted for 90.21% of total revenue, amounting to approximately ¥3.08 billion, while international sales contributed approximately ¥333.74 million, a year-on-year increase of 5.87%[34]. Technological Innovation and Market Expansion - The company focused on technological innovation, successfully launching a full range of marine engines that meet the new emission regulations ahead of schedule[30]. - The company is actively expanding its market presence, particularly in high-end and customized segments, with its WH series products being applied in strategic markets such as coastal transport and wind power installation[31]. - The company has implemented management improvement initiatives, resulting in a significant reduction in customer-reported failure rates and enhanced operational quality[32]. Research and Development - Research and development expenses increased by 17.94% to CNY 242.79 million, accounting for 7.12% of total revenue[45][48]. - The total number of research and development personnel increased by 11.35% to 363, representing 14.43% of the workforce[47]. Corporate Governance and Management - The company has established an independent financial management system and maintains clear ownership of assets, ensuring independence from its controlling shareholder[76]. - The company has achieved a 100% response rate to investor inquiries, enhancing communication and relationship management with investors[74]. - The company is committed to maintaining compliance with governance regulations and improving its operational standards[73]. - The company experienced changes in its board and management, including the appointment of a new general manager on April 29, 2021[81]. - The chairman of the board, Li Zongli, was replaced on April 29, 2021, during the board re-election[81]. - The company reported a total of 0 shares held by directors and senior management at the beginning and end of the reporting period[80]. Employee Management - The total number of employees at the end of the reporting period was 2,623, with 2,434 in the parent company and 189 in major subsidiaries[104]. - The company emphasizes employee training and development, implementing a four-level training system covering safety, quality, technology, and craftsmanship[106]. - The company has a total of 2,623 employees receiving salaries during the reporting period[104]. Environmental Management - The company reported a total of 694.14 tons of hazardous waste disposed of legally[121]. - The emissions of nitrogen oxides were recorded at 6.946 tons, with no exceedance of discharge standards[121]. - The company has not faced any administrative penalties related to environmental issues in 2021[122]. - The company implemented energy-saving measures, including replacing 400W metal halide lamps with 150-200W LED floodlights, resulting in significant electricity savings[128]. Financial Reporting and Audit - The audit report issued by Shandong Hexin Accounting Firm confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2021[181]. - The audit opinion was unqualified, indicating no significant misstatements were found in the financial statements[180]. - The management is responsible for preparing financial statements in accordance with accounting standards and maintaining effective internal controls[189]. Shareholder Information - The total number of shares increased from 276,100,500 to 331,320,600 due to a capital reserve conversion and cash dividends of RMB 0.50 per 10 shares[160]. - The controlling shareholder, Weichai Group, holds 101,358,600 shares, accounting for 30.59% of the total share capital[164]. - The total number of shareholders at the end of the reporting period was 22,022, an increase from 20,744 at the previous month-end[166].