巨力索具(002342) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was approximately ¥2.47 billion, an increase of 11.34% compared to ¥2.21 billion in 2020[27]. - The net profit attributable to shareholders decreased by 27.74% to approximately ¥24 million from ¥33 million in 2020[27]. - The net cash flow from operating activities increased by 68.17% to approximately ¥180 million, up from ¥107 million in 2020[27]. - The basic earnings per share decreased by 27.54% to ¥0.025 from ¥0.0345 in 2020[27]. - Total assets at the end of 2021 were approximately ¥4.23 billion, a 4.42% increase from ¥4.05 billion at the end of 2020[27]. - The net assets attributable to shareholders increased by 0.84% to approximately ¥2.48 billion from ¥2.46 billion in 2020[27]. - The weighted average return on equity decreased to 0.97% from 1.36% in 2020[27]. - The company reported a total of CNY 5.67 million in non-recurring gains and losses for the year, with government subsidies being a significant component[33]. - The company achieved a revenue of CNY 246,590.43 million in 2021, representing an increase of 11.34% compared to the previous year[64]. - The net profit attributable to shareholders decreased by 27.74% to CNY 2,395.89 million[64]. Cash Flow and Investments - The company's cash flow from operating activities showed a significant negative value of CNY -108.24 million in the first quarter, but improved to CNY 104.13 million in the fourth quarter[32]. - Operating cash inflow totaled ¥1,982,821,910.21, an increase of 29.61% compared to ¥1,529,817,275.95 in 2020[92]. - Net cash flow from operating activities reached ¥180,430,253.35, up 68.17% from ¥107,293,192.53 in the previous year, primarily due to increased cash received from sales of goods and services[92]. - Investment cash outflow surged by 311.07% to ¥134,306,801.77 from ¥32,672,315.80, leading to a net cash flow from investing activities of -¥129,132,048.70, a decrease of 384.97%[93]. - Financing cash inflow was ¥774,347,592.98, a 3.25% increase from ¥750,000,000.00, while financing cash outflow rose by 9.72% to ¥795,128,366.65[92]. Market and Industry Position - The Chinese renewable energy market reached a scale of CNY 1,039.9 billion in 2021, indicating a growing demand for high-end steel wire products[41]. - The company is committed to contributing to China's renewable energy development and aims to leverage industry-leading technology and high-standard products[43]. - The company is positioned to benefit from the ongoing construction of modern infrastructure systems, which are crucial for sustainable economic growth[46]. - The company is targeting a market scale exceeding 350 billion for offshore wind power components during the "14th Five-Year Plan" period[117]. - The company has established over 100 branches domestically and a sales network in more than 100 countries, directly serving end customers[52]. Research and Development - The company has undertaken 138 technical improvement projects, establishing a fair evaluation system for project assessment, with reports completed for all projects[72]. - The company invested in a rigging technology industrial park in Mengzhou, Henan Province, with an annual production capacity of 100,000 tons of steel wire and 100,000 tons of steel wire ropes, targeting various industries including construction machinery and offshore engineering[65]. - The company is focusing on new product development, including multi-point conversion lifting tools and self-adjusting blade lifting devices for offshore wind power[89]. - The number of R&D personnel increased by 9.92% to 144 in 2021, with a higher proportion of master's degree holders rising by 31.58%[90]. - In 2021, the company's R&D investment amounted to ¥92,452,785.88, representing a 3.52% increase from ¥89,305,420.40 in 2020[90]. Corporate Governance - The company maintains an independent business structure, with complete autonomy in product development, procurement, production, and sales, ensuring no reliance on controlling shareholders[139]. - The company has a robust governance structure in compliance with relevant laws and regulations, ensuring transparency and protection of shareholder rights[130]. - The company has established a comprehensive corporate governance system that is effectively implemented[197]. - The company has not engaged in any research, communication, or interview activities during the reporting period[126]. - The company’s governance practices align with the requirements set forth by the China Securities Regulatory Commission, with no significant discrepancies noted[138]. Risk Management - The company has identified potential risk factors for future development, which investors should be aware of[7]. - The company recognizes risks from the COVID-19 pandemic and macroeconomic conditions, implementing measures to mitigate potential impacts on operations[121][122]. - The company faces intensified competition in the mid-to-low end market, necessitating enhanced technological and R&D capabilities to maintain market influence and pricing power[123]. Employee and Management - The company employed a total of 2,432 staff members at the end of the reporting period, with 1,564 in production, 427 in sales, and 144 in technical roles[178]. - The company has a total of 480 employees with a bachelor's degree or higher, and 795 with a college diploma[178]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period was CNY 3.489 million[160]. - The company has established a remuneration assessment system for its directors and senior management[160]. - The management team has received various accolades, indicating a strong reputation in the industry and potential for attracting new business[150]. Shareholder Returns - The company plans to distribute a cash dividend of ¥0.04 per 10 shares, based on a total of 960 million shares[8]. - The total distributable profit at the end of the reporting period is 720,881,401.84 yuan, after accounting for a net profit of 23,958,901.98 yuan for the year[184]. - The cash dividend represents 100% of the total profit distribution amount, adhering to the policy that requires at least 80% for mature companies without major capital expenditure plans[184]. - The company maintained its profit distribution policy, ensuring compliance with relevant regulations and no adjustments to previous distribution plans[183].