SANLUX(SZ:002224)2022-05-31 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,001,475,270.82, an increase of 11.22% compared to ¥900,448,657.29 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥113,250,144.84, a decrease of 33.11% from ¥169,306,127.75 in 2020[21]. - The net cash flow from operating activities was ¥251,610,169.42, down 11.14% from ¥283,139,162.76 in 2020[21]. - The total assets at the end of 2021 were ¥3,058,082,753.71, reflecting a growth of 4.55% from ¥2,925,080,300.22 at the end of 2020[22]. - The company's basic earnings per share for 2021 was ¥0.16, a decline of 30.43% compared to ¥0.23 in 2020[21]. - The weighted average return on equity for 2021 was 4.71%, down from 7.18% in 2020[21]. - The gross profit margin for the industrial sector was 28.80%, down 10.23% year-on-year[50]. - The company reported a total revenue of 249.127 million in the fiscal year 2021[114]. - The total cash dividend amount for the reporting period is CNY 14,239,993.54, which accounts for 100% of the distributable profit[139]. - The total distributable profit for the company is CNY 1,262,076,782.90[139]. Market Position and Strategy - The company is a leader in the domestic mid-to-high-end V-belt market, facing risks from competitors upgrading technology and reducing costs[6]. - The company is the leading producer of V-belts in China, with a market share that has ranked first for several consecutive years[32]. - The company is positioned as the largest rubber V-belt manufacturer in China, with a strong competitive advantage in technology innovation and product quality[37]. - The company acknowledges market risks from both domestic and international markets, including changes in import policies and economic conditions[5]. - The company aims to enhance its product technology and quality through continuous innovation in new products and processes[6]. - The company plans to enhance its core competitiveness through R&D, focusing on automation, digitalization, and smart factory construction to adapt to market challenges[98]. - The company aims to improve profitability by promoting automation and lean production in its main rubber V-belt business, targeting increased per capita productivity[99]. Research and Development - The company will continue to invest in research and development for new technologies and products to maintain its competitive edge[6]. - The company's R&D expenses for 2021 amounted to ¥36,297,471.66, representing a 3.70% increase from ¥35,001,720.24 in 2020[64]. - The number of R&D personnel decreased by 9.60% from 125 in 2020 to 113 in 2021[63]. - The company holds 59 patents, including 23 invention patents and 36 utility model patents, enhancing its product development capabilities[43]. Operational Efficiency and Risks - The company plans to actively explore new raw material suppliers and implement strategic partnerships to mitigate the impact of raw material price fluctuations[5]. - The company is addressing human resource risks by increasing recruitment efforts and advancing smart manufacturing initiatives[6]. - The company is focused on reducing operational risks through employee training and the establishment of effective incentive mechanisms[6]. - The company is committed to improving its organizational structure and management model to support its expanding operations[6]. - The company faces risks from raw material price fluctuations, particularly for rubber and carbon black, which could impact gross margins[101]. - The company is closely monitoring the impact of the COVID-19 pandemic on its operations and maintaining collaboration with suppliers and customers[5]. Corporate Governance - The company has established a complete and independent financial accounting system to ensure financial independence from its controlling shareholders[109]. - The company maintains good independence in operations, assets, personnel, and finance, ensuring it can operate autonomously in the market[109]. - The company has implemented a transparent information disclosure management system to ensure accurate and timely information sharing[108]. - The company has not faced any disciplinary actions from the exchange regarding information disclosure issues, indicating a strong compliance record[108]. - The company is committed to improving its corporate governance structure in accordance with relevant laws and regulations[107]. - The company ensures equal rights for all shareholders, particularly minority shareholders, in its governance practices[107]. - The company has established independent personnel management systems, ensuring that its executives are not influenced by the controlling shareholders[109]. Environmental and Social Responsibility - The company has made significant investments in safety equipment and training to minimize safety hazards[158]. - The company has implemented measures to reduce carbon emissions, including exploring new energy-saving processes and increasing green spaces[154]. - The company actively engages with shareholders through performance briefings and investor relations platforms to ensure transparency and communication[156]. - The company has not faced any environmental penalties during the reporting period and has maintained compliance with pollution control standards[153]. - The company has focused on employee rights protection by adhering to labor laws and providing benefits and training to enhance employee satisfaction[156]. - The company is committed to social responsibility, engaging in various charitable activities, including donations of clothing and books[158]. Shareholder Engagement - The first temporary shareholders' meeting had a participation rate of 37.15% on March 19, 2021[112]. - The annual shareholders' meeting for 2020 had a participation rate of 35.87% on May 19, 2021[112]. - The second temporary shareholders' meeting had a participation rate of 36.56% on November 16, 2021[112]. - The company has established a three-year shareholder return plan (2021-2023) to ensure stable and reasonable returns to investors, including a cash dividend of 0.2 yuan per 10 shares for the 2020 fiscal year[137]. Subsidiaries and Investments - In March 2021, the company transferred 100% equity of its subsidiary Shaoxing Sand New Materials Co., Ltd., which is no longer included in the consolidated financial statements[170]. - In April 2021, the company established a new subsidiary, Shaoxing Fengyou Chujiao Co., Ltd., with a 100% ownership, which is included in the consolidated financial statements from its establishment date[170]. - In July 2021, the company set up a subsidiary, Taizhou Jiyuan Medical Technology Co., Ltd., with a 51% stake, included in the consolidated financial statements from its establishment date[170]. - In August 2021, the company established Zhejiang Lisheng Tire Technology Co., Ltd., holding a 60% stake, which is included in the consolidated financial statements from its establishment date[170]. Financial Management - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[177]. - The company has entered into a joint investment agreement to establish a new company, holding 15% of the equity, with a related party holding 5%[182]. - The company has not provided guarantees for shareholders or their related enterprises[111]. - The company has a structured approach to remuneration management, following its established guidelines and regulations[122].