EVERJOY HEALTH(SZ:002162)2022-04-26 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[14]. - The company's operating revenue for 2021 was CNY 1,260,831,976.72, an increase of 5.54% compared to CNY 1,194,703,084.49 in 2020[20]. - The net profit attributable to shareholders decreased by 19.27% to CNY 46,171,031.16 from CNY 57,195,036.74 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 28,772,012.05, down 18.19% from CNY 35,167,176.89 in 2020[20]. - The company's total assets increased by 8.44% to CNY 2,712,784,671.26 at the end of 2021, compared to CNY 2,501,558,406.84 at the end of 2020[20]. - The net assets attributable to shareholders rose by 23.53% to CNY 1,278,519,957.81 from CNY 1,034,970,311.17 in 2020[20]. - The company's cash flow from operating activities was CNY 153,243,763.30, a slight increase of 0.52% from CNY 152,455,604.70 in 2020[20]. - In 2021, the company achieved operating revenue of CNY 1.26 billion, a year-on-year increase of 5.54%[68]. - The health and wellness (medical and elderly care) business generated revenue of CNY 84 million, accounting for 6.69% of total revenue, with a growth of 0.28% compared to the previous year[68]. Market Expansion and Strategy - User data showed a growth in active users by 20%, reaching a total of 500,000 users by the end of 2021[14]. - The company plans to expand its market presence by opening 10 new health management centers in 2022[14]. - Future guidance indicates a revenue target of RMB 1.5 billion for 2022, reflecting a growth rate of 25%[14]. - The company aims to enhance its digital health services, with a projected increase in online consultations by 30% in 2022[14]. - The company is expanding its health care services to meet the diverse needs of high-net-worth seniors, providing a comprehensive care system[46]. - The company plans to develop a dual-brand strategy, focusing on "Simik" for stylish health building materials and "Yuexin" for healthcare services, aiming to establish a leading enterprise in the integrated healthcare sector[118]. - The company aims to expand its channels for old community renovations and secondary renovations, which are expected to be major battlegrounds for building material brands[119]. - The company will focus on developing retail channels for integrated home decoration and designer sales, enhancing collaboration with these resources to increase retail market share[120]. Research and Development - The company is investing RMB 100 million in R&D for new health technology products in 2022[14]. - The company developed over 40 new products in 2021, with new product sales accounting for nearly 17% of total revenue[60]. - The company completed the development of the "Yin Guang" series, enhancing product competitiveness and aligning with market trends[84]. - The "Morandi Simon" series was also completed, improving overall product competitiveness and meeting customer demands[84]. - The number of R&D personnel increased by 1.70% to 239, with a slight decrease in the proportion of R&D personnel to total employees[85]. Operational Challenges - The company faced challenges due to rising costs and market competition, leading to a significant impact on profit margins[30]. - The company anticipates challenges from fluctuating raw material and energy prices, which could affect profitability if costs continue to rise[125]. - The company is exploring new strategies in the healthcare and elderly care sectors to mitigate risks associated with changing national policies[125]. Environmental and Social Responsibility - The company achieved a significant reduction in emissions, with actual discharge data for particulate matter at 4.39 mg/Nm³, SO2 at 18.76 mg/Nm³, and NOX at 36.45 mg/Nm³, representing a total emission reduction of approximately 53% compared to previous levels[182]. - The company has established a comprehensive environmental management system, including quality, environment, energy, and occupational health safety management systems, which are certified annually[178]. - The wastewater treatment process ensures that production wastewater is treated to meet national standards, achieving zero discharge through multiple sedimentation processes[181]. - The company emphasizes the importance of social responsibility and environmental protection in its operational practices[177]. - Jiangxi Smick Ceramics Co., Ltd. invested a total of 5.6007 million CNY in environmental protection expenses in 2021, including waste disposal fees, environmental taxes, and maintenance costs[186]. Corporate Governance - The company has established a comprehensive internal control management system to ensure compliance and effectiveness in operations[167]. - The internal control audit report confirmed that the company maintained effective internal controls related to financial statements as of December 31, 2021[172]. - The company’s governance structure includes a board of directors, supervisory board, and various committees to ensure effective oversight[168]. - The company has a diverse management team with backgrounds in finance, engineering, and law, enhancing its operational capabilities[135][136][137][138]. Employee Management - The total number of employees at the end of the reporting period was 920, with 111 in the parent company and 809 in major subsidiaries[160]. - The employee composition includes 411 sales personnel, 270 production personnel, 92 technical personnel, 46 financial personnel, and 101 administrative personnel[160]. - The company emphasizes a performance management system that combines regular and irregular assessments to determine salary and bonus distributions[161]. - In 2021, the company conducted training for the sales team and distributors on new product releases and product knowledge[162]. Leadership Changes - The company appointed Song Yuancheng as the new President on September 28, 2021, following the resignation of Li Cixiong from the position[133]. - Li Cixiong remains as Chairman after stepping down as President to focus on strategic management and overall business control[134].