HSSM(SZ:002290)2022-04-07 16:00Financial Performance - The company's operating revenue for 2021 was CNY 2,268,832,965.66, representing a 24.50% increase compared to CNY 1,822,307,287.44 in 2020[19] - The net profit attributable to shareholders for 2021 was CNY 81,975,951.20, a significant increase of 48.83% from CNY 55,080,118.89 in the previous year[19] - The net cash flow from operating activities reached CNY 110,866,912.67, up 30.42% from CNY 85,004,403.61 in 2020[19] - The basic earnings per share for 2021 was CNY 0.33, an increase of 43.48% compared to CNY 0.23 in 2020[19] - The net profit after deducting non-recurring gains and losses for 2021 was CNY 74,568,732.88, a 34.49% increase from CNY 55,446,389.81 in 2020[19] - The company's total revenue for the four quarters was approximately ¥2.27 billion, with the highest revenue in Q4 at ¥623.09 million[23] - The net profit attributable to shareholders for the year was ¥82.94 million, with a significant drop in Q4 to ¥1.83 million[23] - The net cash flow from operating activities was negative in Q1 at -¥28.41 million, but improved significantly in Q2 to ¥79.06 million[23] Assets and Liabilities - The total assets at the end of 2021 were CNY 1,634,854,623.94, reflecting a 12.89% increase from CNY 1,448,142,513.88 at the end of 2020[20] - The net assets attributable to shareholders increased by 19.68% to CNY 527,996,006.87 at the end of 2021, compared to CNY 441,173,386.92 at the end of 2020[20] - The total cash and cash equivalents increased by 171.59% to ¥10,475,938.18, primarily due to the rise in net cash flow from operating activities[62] - The total assets' composition showed a significant increase in inventory, which rose to ¥428,194,762.23, accounting for 26.19% of total assets[63] - The long-term borrowings increased to ¥415,000,000.00, representing 25.38% of total liabilities[63] Market and Competition - The domestic home appliance market saw a sales increase of 3.4% year-on-year, reaching ¥754.3 billion in 2021[29] - The company faces potential risks in 2022, including industry competition, raw material price fluctuations, and exchange rate volatility[4] - The company aims to strengthen its market position through product structure adjustments and increased R&D investment[31] - The company has strengthened cooperation with major clients, including Samsung, LG, and Midea, enhancing its market presence[39] Research and Development - The company holds a total of 85 patents as of December 31, 2021, including 6 invention patents, 1 design patent, and 78 utility model patents[36] - Research and development expenses increased by 24.54% to ¥74,793,459.17, which is 3.30% of total revenue[56] - The number of R&D personnel increased by 41.22% to 185, enhancing the company's research capabilities[57] - The company is focusing on expanding its product series and optimizing design to increase product value and enhance overall strength[32] Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective internal management and control systems[84] - The board of directors consists of 9 members, including 3 independent directors, representing one-third of the total board[85] - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, and finances, ensuring a complete and independent business system[89] - The company has implemented an internal audit system to effectively control daily operations and major matters[87] - The company has established a dedicated investor relations management system to enhance communication with investors[86] Environmental Compliance - The company operates a wastewater treatment system with a daily processing capacity of 100 tons, which has been functioning normally since its establishment[136] - The company has developed an emergency response plan for environmental incidents, which has been registered with the local environmental protection bureau[138] - The company has not reported any significant environmental pollution incidents or violations during the reporting period[135] - The company established a comprehensive self-monitoring plan for environmental emissions, conducting quarterly assessments of waste gas and wastewater, and annual noise assessments[140] Legal Matters - The actual controller Zhang Wei was sentenced to life imprisonment and fined RMB 12.17 million for multiple crimes, including fraud and extortion[160] - The company is involved in multiple legal disputes with various clients, with amounts ranging from 392.7 thousand yuan to 7 million yuan in judgments[157] - The company has faced significant legal challenges, including cases involving illegal fundraising and organized crime against its actual controller[159] - The company is focused on ensuring compliance and addressing legal issues to maintain operational integrity[159] Shareholder Structure - The largest shareholder, Shenzhen Zhongke Chuang Asset Management Co., Ltd., holds 31.34% of shares, totaling 77,667,917 shares[194] - The second-largest shareholder, Zhao Dongming, owns 19.77% of shares, amounting to 48,984,550 shares[194] - The company has a significant portion of shares under pledge, with 80% of the shares held by the largest shareholder being pledged[200] - The total number of common shareholders increased to 15,092 from 14,367, indicating a growth in shareholder base[194]