伟星股份(002003) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥3,355,676,052.40, representing a 34.44% increase compared to ¥2,496,116,312.71 in 2020[23] - The net profit attributable to shareholders for 2021 was ¥448,641,188.82, a 13.22% increase from ¥396,271,485.61 in 2020[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥439,459,711.29, showing a significant increase of 73.69% from ¥253,021,001.49 in 2020[23] - The net cash flow from operating activities was ¥634,433,492.93, which is a 4.08% increase compared to ¥609,558,812.21 in 2020[23] - The basic earnings per share for 2021 was ¥0.58, up 11.54% from ¥0.52 in 2020[23] - The diluted earnings per share for 2021 was CNY 0.58, an increase of 11.54% compared to CNY 0.52 in 2020[25] - The weighted average return on equity was 17.40%, up from 16.23% in the previous year[25] - Total assets at the end of 2021 reached CNY 4,039,035,970.20, representing an 18.70% increase from CNY 3,402,764,131.37 at the end of 2020[25] - The company completed 108.26% of its annual revenue target for 2021, reflecting effective strategic implementation[50] Market and Industry Trends - The apparel industry in China saw a production increase of 8.38% in 2021, with retail sales of clothing reaching CNY 997.46 billion, a 14.2% year-on-year growth[36] - The domestic mid-to-high-end apparel market is expected to grow, driven by rising consumer demand and improved living standards[40] - The company’s performance was better than most competitors in the industry, aligning with the overall recovery trend[37] - The company emphasizes the strong international competitiveness of its mid-to-high-end brand apparel due to rising consumer demand for quality[4] Product Development and Innovation - The company developed 584 new products during the reporting period, resulting in 136 patents, including 30 industry-first products[54] - The company is currently developing new products such as an automatic assembly machine and vintage-style buttons to diversify its offerings[91] - The company is focusing on enhancing product development and brand image to capitalize on the growing recognition of domestic brands[40] Risks and Challenges - The company faces risks from fluctuating production costs, uncertain trade environments, and potential bad debts from accounts receivable[4] - The company is facing risks from recurring pandemic impacts, rising production costs, and uncertainties in the trade environment, which may affect its international strategy[119] - The gross profit margin for the textile and apparel industry decreased to 38.02%, down from 40.27% in the previous year, primarily due to rising raw material prices and increased international shipping costs[64] Cash Flow and Investment - The net cash flow from investment activities was -¥496,924,313.00, a decrease of 500.53% compared to the previous year[95] - Investment cash inflow decreased significantly by 95.70% to ¥29,577,687.93 from ¥688,188,130.96 in 2020[95] - The company plans to achieve operating revenue of ¥3.85 billion in 2022, with total operating costs controlled around ¥3.25 billion[114] Shareholder and Management Information - The company plans to distribute a cash dividend of ¥5.00 per 10 shares (including tax) and to increase capital by 3 shares for every 10 shares held[4] - The total distributable profit available for shareholders is 517,582,101.91 CNY, which is 100% of the profit distribution total[180] - The company has a three-year shareholder return plan (2021-2023) that considers profitability, investment needs, and shareholder interests[180] - The total shares held by the board members and senior management at the end of the reporting period amounted to 154,286,276 shares, with an increase of 4,300,000 shares during the period[145] Employee and Governance Structure - The total number of employees at the end of the reporting period was 8,580, with 5,398 in the parent company and 3,182 in major subsidiaries[171] - The company has a comprehensive evaluation mechanism for senior management, linking compensation to performance and management capabilities[187] - The governance structure is compliant with relevant laws and regulations, enhancing operational transparency and investor relations[130] - The company has continued to enhance its internal control systems and strengthen internal audit supervision to improve management and risk prevention[195] Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion[125] - The company is exploring potential mergers and acquisitions to enhance its competitive position, with a focus on companies in the tech sector[125] - The company anticipates a 5% increase in gross margin due to cost optimization strategies implemented in the supply chain[125]