中鼎股份(000887) - 2021 Q4 - 年度财报

Financial Performance - The company reported a total revenue of 1,316,489,747 CNY for the year 2021, with a cash dividend of 2.00 CNY per 10 shares distributed to shareholders[5]. - The management highlighted a year-on-year revenue growth of 15% compared to 2020, indicating strong demand in the automotive and industrial sectors[5]. - The company's operating revenue for 2021 was ¥12,577,189,139.54, an increase of 8.91% compared to ¥11,548,324,048.12 in 2020[30]. - The net profit attributable to shareholders for 2021 was ¥965,194,114.53, representing a significant increase of 95.96% from ¥492,554,600.75 in 2020[30]. - The basic earnings per share for 2021 was ¥0.79, a 97.50% increase compared to ¥0.40 in 2020[30]. - The total assets at the end of 2021 were ¥18,296,566,389.99, a decrease of 3.31% from ¥18,922,894,919.73 at the end of 2020[30]. - The net cash flow from operating activities for 2021 was ¥881,528,470.23, a decrease of 38.69% from ¥1,437,881,971.80 in 2020[30]. - The company reported quarterly revenues of ¥3,195,667,003.92 in Q1, ¥3,187,343,491.35 in Q2, ¥2,956,854,315.19 in Q3, and ¥3,237,324,329.08 in Q4 of 2021[35]. - The company's revenue for 2021 reached 12.577 billion CNY, an increase of 8.91% year-on-year, while the net profit attributable to shareholders was 0.965 billion CNY, up 95.96% year-on-year[66]. Strategic Initiatives - The company plans to expand its market presence and enhance product development, focusing on new sealing technologies and applications[5]. - The company is actively pursuing strategic acquisitions to bolster its product offerings and market share in the sealing industry[5]. - Future guidance suggests a projected revenue increase of 10% for 2022, driven by new product launches and market expansion efforts[5]. - The company aims to enhance operational efficiency through digital transformation initiatives, targeting a 15% reduction in production costs by 2023[5]. - The board of directors emphasized the importance of sustainability in operations, committing to reduce carbon emissions by 25% over the next five years[5]. - The company is focusing on the development of intelligent chassis systems, with a strategic goal to enhance its business towards automation and smart technology[45]. - The company is committed to optimizing its supply chain for air suspension systems, aiming for increased localization and technological upgrades[50]. - The company is actively expanding its new energy thermal management pipeline system business, with significant progress in project orders and a growing number of projects expected in the future[59]. Research and Development - The company is investing in R&D, allocating approximately 5% of its revenue to develop innovative sealing solutions[5]. - The number of R&D personnel rose by 4.62% to 3,056, making up 14.82% of the total workforce[92]. - The company has a total of 705 authorized patents, including 312 foreign patents and 84 invention patents in China, showcasing its strong innovation capabilities[63]. - The company has developed high-performance seals for new energy electric motors and battery module sealing systems, catering to major clients like Volvo and NIO[60]. - The company is focusing on enhancing its competitive edge in the automotive lightweight market through the acquisition of Sichuan Wangjing, which will improve its control arm product competitiveness[132]. Market Trends - The automotive industry in China saw a production and sales volume of 26.08 million and 26.27 million vehicles respectively in 2021, with a year-on-year growth of 2.4% and 3.8%[45]. - The market share of new energy vehicles reached 13.4% in 2021, a significant increase of 8 percentage points from the previous year[45]. - The air suspension system is becoming a mainstream configuration for new energy vehicles, driven by the increasing demand for stability and performance[49]. - The value of fluid management products for new energy vehicles has increased significantly, with single vehicle value rising from approximately 300 CNY for traditional vehicles to nearly 1,000 CNY for new energy vehicles, and up to 1,500 CNY for extended-range new energy vehicles[58]. Corporate Governance - The company maintains an independent operational capability, with clear asset ownership and no interference from controlling shareholders[169]. - The company has established a robust internal control system and adheres to legal and regulatory requirements for corporate governance[168]. - The company has consistently provided accurate and timely information disclosures to all shareholders[168]. - The company has not faced any significant discrepancies in its governance practices compared to regulatory standards[168]. - The company has no penalties or disciplinary actions from the China Securities Regulatory Commission or the Shenzhen Stock Exchange against its current directors and supervisors[197]. Acquisitions and Divestitures - The company has undergone several changes in its business scope, including the development and manufacturing of automotive parts and new materials technology since 2021[30]. - The acquisition of ACUSHNET (PRECIX) resulted in an asset scale of ¥298,835,200, with a revenue of ¥45,565,100[101]. - The acquisition of TFH resulted in an asset scale of ¥1,869,698,400, with a loss of ¥11,082,900[101]. - The acquisition of WEGU resulted in an asset scale of ¥754,722,800, with a revenue of ¥66,420,100[101]. - The company has completed the divestiture of non-core assets, which is expected to enhance competitiveness and speed up business recovery[157]. Shareholder Engagement - The company conducted multiple investor meetings throughout 2021, discussing industry conditions and operational status[162]. - The company held its first temporary shareholders' meeting on April 9, 2021, with a participation rate of 44.53%[172]. - The second temporary shareholders' meeting took place on September 15, 2021, with a participation rate of 45.37%[172]. - The third temporary shareholders' meeting was held on December 27, 2021, with a participation rate of 50.46%[172].