博云新材(002297) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥478,536,681.82, representing a 38.66% increase compared to ¥345,119,303.79 in 2020[22] - The net profit attributable to shareholders for 2021 was ¥18,902,646.59, a decrease of 15.97% from ¥22,496,187.98 in 2020[22] - The net cash flow from operating activities was ¥73,444,086.18, down 4.53% from ¥76,925,553.56 in the previous year[22] - The total assets at the end of 2021 were ¥2,613,791,769.84, an increase of 27.54% from ¥2,049,459,154.52 at the end of 2020[23] - The net assets attributable to shareholders increased by 47.95% to ¥2,055,096,815.38 from ¥1,389,013,529.34 in 2020[23] - The basic earnings per share for 2021 were ¥0.0368, a decrease of 22.85% from ¥0.0477 in 2020[22] - The weighted average return on equity was 1.14%, down from 1.63% in the previous year[22] - The company reported a total of ¥29.94 million in non-recurring gains for 2021, down from ¥71.99 million in 2020, reflecting a decrease in government subsidies and other income[29] Revenue Breakdown - The aerospace and civilian carbon/carbon composite materials segment generated revenue of RMB 171.57 million, up 36.67% from RMB 125.53 million in the previous year, accounting for 35.85% of total revenue[46] - The hard alloy segment reported revenue of RMB 207.75 million, a 42.40% increase from RMB 145.89 million in 2020, making up 43.41% of total revenue[46] - The rare metal powder materials segment achieved revenue of RMB 83.23 million, reflecting a 38.08% increase from RMB 60.28 million in the prior year, contributing 17.39% to total revenue[46] Operational Highlights - The company is actively involved in the research and development of high-performance hard alloys and rare metal powder materials, with a focus on expanding production capacity[34] - The company has established long-term partnerships in the aerospace sector, providing carbon/carbon composite materials for over twenty models of aerospace engines[37] - The company has developed multiple models of carbon brake products for various aircraft, including successful applications in the C919 large passenger aircraft[36] - The company is expanding its production capacity to meet the increasing demand for aerospace products, particularly in the commercial space sector[37] - The company has achieved significant advancements in the development of carbon/carbon composite materials, which are now being used in China's commercial space launch vehicles[37] Investment and Funding - The company raised RMB 631 million through a private placement to fund the "Lugu Base Industrialization Project," which is currently over 70% complete[45] - The company has not made any significant equity or non-equity investments during the reporting period[70][71] - The company plans to invest a total of RMB 63,109 million in committed investment projects, with RMB 27,671 million already utilized[79] Market Outlook - The global aerospace market is expected to recover to pre-pandemic levels by 2023, with a projected annual growth rate of 3.9% in passenger turnover, reaching 19.1 trillion passenger kilometers by 2040[87] - China is anticipated to receive 9,084 aircraft over the next 20 years, valued at approximately 1.4 trillion USD, with a fleet size expected to reach 9,957 aircraft by 2040, representing 22% of the global market[88] - The hard alloy industry in China saw a production increase of 24.39% in 2021, reaching 51,000 tons, highlighting the sector's growth potential[91] Risk Management - The company has indicated potential risks in its future operations, which are detailed in the management discussion and analysis section[5] - The company faces operational management risks due to increasing production capacity and the need for effective internal controls[95] - High inventory levels pose a risk to the company, as they can lead to cash flow issues and potential burdens if market demand changes[95] Governance and Compliance - The company adheres to legal regulations and maintains a transparent governance structure, ensuring equal rights for all shareholders[102] - The company emphasizes timely and accurate information disclosure to protect investors' rights and interests[105] - The company has established an independent accounting system and financial management framework, with no interference from the controlling shareholder in financial matters[108] Employee and Management - The total number of employees at the end of the reporting period is 763, with 238 in the parent company and 525 in major subsidiaries[144] - The professional composition includes 401 production personnel, 40 sales personnel, 164 technical personnel, 29 financial personnel, and 129 administrative personnel[144] - The company is committed to improving its compensation system and creating fair promotion channels to retain talent and reduce human resource costs[97] Future Projections - The company provided a positive outlook for 2022, projecting a revenue growth of 20% to 1.44 billion CNY[115] - New product development efforts include the launch of three innovative materials, expected to contribute an additional 200 million CNY in revenue in 2022[116] - The company is expanding its market presence, targeting a 15% increase in market share in the next fiscal year[117]