SACO(SZ:002025)2022-04-11 16:00Financial Performance - The company's operating revenue for 2021 was ¥5,037,852,150.75, representing a year-over-year increase of 19.43% from ¥4,218,411,903.38 in 2020[12]. - The net profit attributable to shareholders for 2021 was ¥487,241,902.15, up 12.37% from ¥433,589,756.82 in 2020[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥455,104,022.76, reflecting a 13.25% increase from ¥401,846,646.09 in 2020[12]. - The net cash flow from operating activities surged to ¥833,071,532.34, a significant increase of 1,137.99% compared to ¥67,292,444.97 in 2020[12]. - The total assets at the end of 2021 amounted to ¥9,208,721,286.84, marking a 42.70% increase from ¥6,453,091,461.79 at the end of 2020[12]. - The net assets attributable to shareholders reached ¥5,243,399,539.12, up 53.95% from ¥3,406,016,532.83 at the end of 2020[12]. - The basic earnings per share for 2021 was ¥1.12, an increase of 10.89% from ¥1.01 in 2020[12]. - The diluted earnings per share also stood at ¥1.12, reflecting the same 10.89% increase from ¥1.01 in 2020[12]. - The total profit for 2021 was ¥616,887,615.11, reflecting a growth of 9.41% compared to the previous year[28]. - The company's operating costs amounted to ¥3,394,553,673.46, up 22.69% from the previous year, primarily due to rising material prices[28]. Research and Development - Research and development expenses for 2021 were ¥503,944,667.18, marking a 17.72% increase as the company focused on new product development[29]. - The company secured a total of 1,548 patent authorizations by the end of 2021, including 476 invention patents[27]. - The company is committed to enhancing its technological innovation capabilities and has participated in the revision of 12 international and national standards[27]. - The company is focusing on new product development and technology research to enhance core competitiveness and improve operational efficiency[62]. - The company is actively investing in new product development, with a budget allocation of 200 million yuan for R&D in 2022, focusing on advanced aerospace technologies[91]. Market Position and Strategy - The company operates in the electronic components industry, focusing on high-end connectors, micro motors, high-end relays, and optical communication devices[18]. - The company ranked 14th among the top 100 electronic component companies in China in 2021[24]. - The connector market is expected to grow significantly, driven by demand in automotive, telecommunications, and aerospace sectors, which together account for over 50% of the market share[22]. - The company’s production strategy is based on a "sales-driven production" model, focusing on high-end clients in aerospace, electronics, and military sectors[26]. - The company is positioned as a key player in the domestic high-end connector and micro motor industries, with significant advantages in brand, product development, and cost control[62]. - The company plans to enhance its marketing strategy by focusing on "horizontal expansion and vertical deepening" to capture orders in key sectors like telecommunications and automotive[68]. Corporate Governance and Management - The company has established an independent financial accounting department and a financial management system, ensuring no fund occupation by the controlling shareholder[76]. - The company appointed Wang Yuexuan as the chairman of the board on July 3, 2021, following the board's re-election[82]. - Li Lingzhi was appointed as the general manager on July 3, 2021, responsible for daily operations management[83]. - The company experienced a significant turnover in its board and supervisory roles, with multiple resignations on June 29, 2021, including four directors and three supervisors[83]. - The company is committed to maintaining high standards of corporate governance following the recent leadership changes[84]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating a commitment to environmental responsibility[117]. - The company reported a total chromium emission of 0.0035514 tons, which is below the approved emission limit of 0.0156175 tons per annum[118]. - The company has implemented a wastewater treatment system with a design capacity of 500m³/d, which meets the required discharge standards[119]. - The company has committed to reducing carbon emissions by optimizing the operation of air compressors, resulting in lower energy consumption[121]. - The company has established a comprehensive environmental management system and has not been held accountable for safety or environmental issues[122]. Shareholder Returns - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares to all shareholders, based on a total of 452,662,256 shares[2]. - The company's cash dividends accounted for 100% of the total profit distribution during the reporting period[109]. - The company has maintained a high cash dividend level since 2009, with a cash dividend of 2.00 yuan per 10 shares, totaling 90,532,451.20 yuan for the reporting period[109]. Financial Management - The company has a financial cooperation agreement with Aerospace Science and Industry Financial Company, allowing for a daily average deposit limit of 1.5 billion CNY and a loan service of no less than 600 million CNY[141]. - The company’s rental expenses for properties leased from its controlling shareholder amounted to 227.24 million CNY in 2021, based on market prices[140]. - The company’s total sales of related party transactions for water and electricity amounted to 107,795.43 million CNY during the reporting period[134]. - The company has committed to measures to mitigate the dilution of immediate returns from its non-public stock issuance[148]. - The company completed a non-public offering of 23,662,256 shares, increasing total shares from 429,000,000 to 452,662,256[153].