IESLAB(SZ:002339)2022-04-22 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,037,903,378.88, a decrease of 2.26% compared to ¥2,084,971,132.93 in 2020[19]. - The net profit attributable to shareholders was -¥45,323,881.02, representing a decline of 177.14% from ¥58,753,396.91 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥51,374,739.99, a decrease of 209.30% compared to ¥47,003,262.10 in 2020[19]. - The net cash flow from operating activities was ¥35,552,262.78, down 86.99% from ¥273,226,162.86 in 2020[19]. - Basic earnings per share were -¥0.09, a decline of 175.00% from ¥0.12 in the previous year[19]. - The total assets at the end of 2021 were ¥3,780,670,433.18, an increase of 0.56% from ¥3,759,565,039.22 at the end of 2020[19]. - The net assets attributable to shareholders decreased by 2.61% to ¥1,783,798,252.32 from ¥1,831,510,035.92 in 2020[19]. - The weighted average return on net assets was -2.50%, down 5.74% from 3.24% in the previous year[19]. Revenue Breakdown - The power automation business generated revenue of CNY 1,349.53 million, down 5.19% year-on-year[38]. - The public utility automation segment reported revenue of CNY 460.66 million, an increase of 6.64% year-on-year[42]. - The information security service revenue grew by 33.14% year-on-year, reaching CNY 136.37 million[42]. - The company's total revenue for the electric automation segment reached ¥1,349,529,663.79, representing a year-on-year decrease of 5.19%[46]. - The gross profit margin for the public utility automation segment was 33.75%, with a year-on-year increase of 6.64% in revenue[46]. - The northern region generated revenue of ¥1,107,379,739.60, with a year-on-year decrease of 5.93%[46]. Operational Highlights - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company does not foresee any significant risks affecting its normal operations[5]. - The company operates primarily through order-based production and sales via bidding processes for its automation products[33]. - The company has established a complete independent R&D, production, sales, and service system to meet market demands and industry trends[33]. - The company is positioned to provide comprehensive automation solutions for renewable energy sources, including wind and solar[32]. Research and Development - The company received 45 invention patents and 23 utility model patents in the reporting period, enhancing its innovation capabilities[41]. - R&D expenses rose by 9.10% to ¥170.47 million in 2021 compared to ¥156.25 million in 2020[57]. - The proportion of R&D investment to operating income was 6.65% in 2021, up from 6.58% in 2020[61]. - The company is actively developing new products, including a new generation of 35kV autonomous controllable protection and measurement control devices[59]. Market Outlook - The company anticipates growth in the smart water and gas meter market due to supportive policies and increasing demand for information technology in public utilities[86]. - The information security sector is expected to enter a rapid development phase following the release of the national informationization plan emphasizing digitalization and security[86]. - In 2022, the company plans to achieve a revenue of 2,233.66 million CNY and a net profit attributable to the parent company of 55.05 million CNY[88]. - The company aims to strengthen its marketing system and enhance team collaboration in 2022[89]. Corporate Governance - The company maintains an independent business system, with complete autonomy in research, production, sales, and service, ensuring no reliance on shareholders or related parties[107]. - The company has a comprehensive governance structure, including a shareholders' meeting, board of directors, and supervisory board, functioning independently[108]. - The independent directors maintained a focus on protecting the rights of minority shareholders during the reporting period[132]. - The company has established remuneration assessment methods for directors and senior management in 2021[125]. Employee Management - The total number of employees at the end of the reporting period was 2,564, with 1,370 in the parent company and 1,194 in major subsidiaries[137]. - The company has a total of 1,204 technical personnel, representing a significant portion of the workforce[138]. - The company has implemented a salary policy that combines internal equity and external competitiveness, with salaries based on contribution, responsibility, and capability[139]. - The company conducted a comprehensive training program aimed at enhancing management skills and overall employee capabilities, utilizing both internal and external training resources[140]. Environmental Responsibility - The company has implemented measures to enhance its environmental management systems, achieving certifications in quality, environmental, and occupational health and safety management[153]. - The company has adopted technologies for real-time monitoring of energy consumption in its industrial park, contributing to a modern green smart park[153]. - The company has conducted annual training and awareness programs to improve employee consciousness regarding environmental protection[153]. Shareholder Information - The company distributed a cash dividend of 0.30 RMB per 10 shares, totaling 15,122,768.22 RMB, based on a total share capital of 511,804,800 shares, after deducting repurchased shares[142]. - The largest shareholder, Shandong State-owned Assets Investment Holding Co., Ltd., held 10.23% of the shares, totaling 52,337.58 million[197]. - The company has a repurchase account holding 7,712,526 shares, representing 1.51% of total shares, which is not listed among the top ten shareholders[199]. - The company has not engaged in any major related-party transactions during the reporting period, maintaining operational integrity[170].