孚日股份(002083) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥5,157,188,660.56, representing a 16.36% increase compared to ¥4,432,082,348.81 in 2020[20] - The net profit attributable to shareholders of the listed company was ¥273,023,292.37, up 22.25% from ¥223,339,586.11 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥217,703,951.56, an increase of 88.47% from ¥115,509,960.89 in 2020[20] - The basic earnings per share rose to ¥0.33, a 32.00% increase from ¥0.25 in 2020[20] - The total assets at the end of 2021 were ¥7,736,310,430.60, a decrease of 13.03% from ¥8,895,340,823.47 at the end of 2020[20] - The net assets attributable to shareholders of the listed company increased by 3.41% to ¥3,782,164,346.71 from ¥3,657,501,673.36 in 2020[20] - The net cash flow from operating activities was ¥559,983,962.00, down 37.24% from ¥892,314,831.73 in the previous year[20] - The weighted average return on net assets was 7.15%, an increase of 1.28% from 5.87% in 2020[20] Dividend Distribution - The company plans to distribute a cash dividend of ¥3.00 per 10 shares (including tax) to all shareholders[5] - The cash dividend proposal for 2021 is to distribute ¥3.00 per 10 shares (including tax), with a total cash dividend amounting to ¥246,405,943.80[135] - The total cash dividend, including other methods, amounts to ¥403,935,304.37, representing 100% of the total profit distribution[135] Market and Industry Insights - The textile industry saw a 12.3% increase in revenue for large-scale enterprises in 2021, with profits rising by 25.4%[29] - The overall textile industry capacity utilization rate was 79.5%, higher than the national industrial average, showcasing robust operational efficiency[29] - China's textile and apparel exports reached a historical high of USD 315.46 billion in 2021, growing by 8.3% year-on-year[30] - The demand for high-quality and diverse textile products is increasing, with consumers favoring natural fiber products[32] Business Strategy and Operations - The company is focusing on digital transformation and integrating new technologies to enhance operational efficiency and supply chain flexibility[31] - The company plans to adopt eco-friendly materials and processes, aligning with the global trend towards sustainable development[31] - The company is actively pursuing brand value enhancement through personalized and fashionable product strategies to meet evolving consumer preferences[32] - The company operates in both domestic and international markets, with over 20,000 sales outlets in China and a leading market share in the domestic home textile industry[33] - The company has maintained a leading export share among domestic home textile enterprises since 1999, establishing a global trade pattern primarily in the US, Japan, Europe, Australia, the Middle East, and Southeast Asia[33] Product and Innovation - The company’s main products include mid-to-high-end towel series and decorative fabric series, which have received multiple honors such as "China Famous Trademark" and "China Export Brand"[34] - The company has developed a complete industrial chain from raw material procurement to global trade, enhancing its operational efficiency and market responsiveness[37] - The company has established a national-level enterprise technology center and has over 600 product series, focusing on new fiber applications and functional finishing technologies[39] - The company emphasizes innovation and has been recognized with numerous awards, including a nomination for the "China Industrial Award" by the Ministry of Industry and Information Technology[41] Sales and Distribution - The company has formed a multi-channel sales model in the domestic market, including distributors, direct sales, and online channels, covering all provinces except Tibet and Taiwan[38] - The company maintained a strong performance in the international market, with foreign sales accounting for 62.55% of total revenue, up 16.77% year-on-year[47] - The company opened 36 new direct sales stores during the reporting period, while closing 4 due to underperformance[50] Research and Development - Research and development expenses increased by 102.49% to ¥22,846,545.68, attributed to an increase in R&D projects[60] - The company has increased its R&D personnel to 330 in 2021, a 4.76% increase from 315 in 2020, with R&D personnel accounting for 2.40% of the total workforce[70] - The company is focusing on new material technology research and development, with an investment of 65 million in Shandong Furi Xuanwei New Material Technology Co., Ltd.[82] Environmental and Social Responsibility - The company has complied with environmental regulations and has not faced any administrative penalties due to environmental issues during the reporting period[148] - The company donated 418,688 yuan through the "Charity Day Donation" event in 2021 and provided masks worth 150,000 yuan to Nanjing University of Aeronautics and Astronautics[149] - The company is classified as a key pollutant discharge unit by environmental protection authorities, with COD emissions at 69.15 mg/L, ammonia nitrogen at 0.39 mg/L, and total nitrogen at 10.04 mg/L, all meeting the discharge standards[149] Governance and Compliance - The company has established a governance structure that complies with the requirements of the Company Law and the Shenzhen Stock Exchange listing rules, ensuring fair treatment of all shareholders, especially minority shareholders[100] - The board of directors consists of 9 members, including 3 independent directors, which accounts for 33.33% of the total board, meeting legal and regulatory requirements[100] - The company maintains independence from its controlling shareholder in terms of operations, personnel, assets, and finance, ensuring no interference in decision-making[103] - The company has a complete and independent financial institution, with a dedicated accounting team and independent financial decision-making processes, ensuring no interference from the controlling shareholder[104] Shareholder Information - The total number of shares held by the management includes 155,800 shares by the general manager[117] - The company reported a total of 2,867,235 shares held by directors and supervisors, with specific holdings including 857,117 shares by director Yu Conghai and 250,000 shares by financial director Lü Yaomei[107] - The largest shareholder, Gaomi Huaron Industrial Development Co., Ltd., holds 18.72% of shares, totaling 170,000,000 shares, all of which are pledged[182] Financial Management - The company reported a net profit of ¥275,191,262.81 for the year 2021, with a distributable profit of ¥1,526,335,129.68 after allocating 10% to statutory surplus reserves[136] - Operating cash inflow totaled ¥5,822,586,409.91, an increase of 11.21% from ¥5,235,651,844.09 in 2020, while operating cash outflow rose by 21.16% to ¥5,262,602,447.91[72] - The company reported a net cash flow from investment activities of ¥422,802,922.93, a 10.04% increase from ¥384,221,664.45 in 2020[72] Risks and Challenges - The company faces risks from global pandemic impacts, which may lead to slow economic recovery and cautious consumer behavior affecting market sales[96] - The company is exposed to raw material price fluctuations, particularly in cotton, which can significantly impact production costs[96] - The company has increased its domestic brand-building efforts, but still relies on exports for over 60% of its revenue, making it vulnerable to external market conditions[97]