宗申动力(001696) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 9,176,592,100, representing a 20.27% increase compared to the adjusted revenue of CNY 7,630,004,500 in 2020[29]. - The net profit attributable to shareholders of the listed company for 2021 was CNY 480,558,659.03, a decrease of 18.17% from the adjusted net profit of CNY 587,272,913.95 in 2020[29]. - The net profit after deducting non-recurring gains and losses was CNY 368,828,238.60, reflecting a decrease of 12.58% compared to the previous year[29]. - The company reported a total of CNY 480.56 million in net profit for 2021, down from CNY 587.73 million in 2020, indicating challenges in maintaining profitability[29]. - Basic and diluted earnings per share decreased by 18.17% to ¥0.4197 from ¥0.5133 in the previous year[31]. - The weighted average return on equity decreased by 2.98 percentage points to 10.59% from 13.58% in the previous year[31]. - The company's revenue for Q4 2021 was ¥2,291,762,745.65, with a total annual revenue of ¥9,146,582,165.56[34]. - The net profit attributable to shareholders for Q4 2021 was ¥105,482,683.59, showing a decline compared to previous quarters[34]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares, totaling CNY 286,256,730.00 based on the total share capital of 1,145,026,920 shares as of December 31, 2021[8]. - The company has not implemented any stock dividends or capital reserve transfers to increase share capital in the current profit distribution plan[8]. Business Transformation and Strategy - The company has undergone significant business changes since its establishment, shifting from construction steel production to manufacturing various engines and high-tech products[27]. - The company is focused on expanding its market presence and enhancing its product offerings in the engine and machinery sectors[27]. - The company is focusing on expanding into new business areas such as aviation power, new energy, and high-end components[44]. - The company aims to become a global leader in small intelligent green outdoor power and equipment systems, focusing on multi-fuel and new energy products[60]. - The company is actively developing new products, including a series of energy storage products with capacities of 300Wh and 500Wh, which have already entered the market[59]. - The company is actively expanding into new markets, including aviation engines, new energy, and high-end components, achieving positive progress in its industrial transformation[79]. Research and Development - The company has invested heavily in R&D, with a team of over 200 technical innovation talents and 10 specialized laboratories, focusing on advanced technologies such as carbon fiber clutches and low-speed high-torque systems[49]. - R&D personnel account for 50% of the workforce, with a high proportion of R&D investment relative to operating income, indicating a strong commitment to innovation[67]. - The company plans to enhance its research and development capabilities, focusing on green development and key technology breakthroughs[83]. - The company is committed to enhancing digitalization and automation in its production lines to improve product quality and reduce costs[146]. Market and Sales Performance - Domestic sales accounted for 47.23% of total revenue, amounting to ¥4,334,218,955.73, while international sales made up 52.77% at ¥4,842,373,209.83[85]. - The mechanical manufacturing sector contributed ¥9,028,260,902.51, accounting for 98.38% of total revenue, with a year-on-year growth of 20.57%[85]. - The sales volume of motorcycle engines increased by 7.62% to 3,097,996 units in 2021, up from 2,878,691 units in 2020[89]. - The motorcycle engine manufacturing business has seen a significant increase, with total motorcycle production and sales reaching their highest levels since 2014[45]. Cost and Financial Management - The cost of raw materials accounted for 93.17% of total operating costs, amounting to ¥7,578,575,249.62, which is a 25.93% increase from ¥6,018,272,085.47 in 2020[93]. - The company plans to reduce financial leverage by compressing existing financial business scales and optimizing credit structures to lower the debt-to-asset ratio[152]. - Cost control measures will be implemented to manage procurement and operational costs while enhancing product quality stability[152]. Governance and Compliance - The company has established a robust internal control system to ensure compliance with regulatory requirements and enhance operational integrity[159]. - The company maintains complete independence from its largest shareholder, ensuring separate management of personnel, assets, finance, organization, and business operations[167]. - The governance mechanisms will be continuously improved to ensure compliance and protect shareholder interests[152]. - The company emphasizes the importance of investor relations and timely information disclosure to safeguard the rights of minority shareholders[153]. Future Outlook - The company plans to solidify its traditional manufacturing strengths in "motorcycle engines" and "general machinery" while advancing its three major business areas: aviation power, high-end components, and new energy[152]. - New product launches are expected to contribute an additional 300 million CNY in revenue in 2022, focusing on electric motorcycle technology[191]. - The company aims for a net profit margin of 12% for the upcoming fiscal year, up from 10% in 2021[191]. - The management has set a target of increasing operational efficiency by 15% through process optimization initiatives[191].