JULI INC.(SZ:002342)2022-03-29 16:00Financial 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[25]. - The net profit attributable to shareholders decreased by 27.74% to approximately ¥24 million from ¥33 million in 2020[25]. - The net cash flow from operating activities increased by 68.17% to approximately ¥180 million, up from ¥107 million in 2020[25]. - The basic earnings per share decreased by 27.54% to ¥0.025 from ¥0.0345 in 2020[25]. - 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[25]. - The net assets attributable to shareholders increased by 0.84% to approximately ¥2.48 billion from ¥2.46 billion in 2020[25]. - The company reported a total of approximately 5.67 million yuan in non-recurring gains for the year, primarily from government subsidies and the reversal of impairment provisions[31]. - The company achieved a revenue of 246,590.43 million CNY in 2021, representing an increase of 11.34% compared to the previous year[62]. - The net profit attributable to shareholders decreased by 27.74% to 2,395.89 million CNY[62]. - The company reported a significant increase in accounts receivable, which rose to 974.69 million yuan, accounting for 23.04% of total assets, up from 20.79% at the beginning of the year[94]. Investment and Projects - The company invested approximately 47.89 million yuan in a project to produce 100,000 tons of steel wire and steel wire ropes, focusing on advanced technology and environmental protection[37]. - The company successfully applied permanent mooring ropes to the "Three Gorges Leading" offshore wind turbine and deep-sea aquaculture, meeting a 26-year usage requirement in extreme sea conditions[43]. - 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[63]. - The company has participated in major international engineering projects, including the Qatar World Cup main stadium and the China-Pakistan Economic Corridor[53]. - The company is developing a new dual-hook lifting device aimed at improving lifting balance for offshore wind power applications, with promising market prospects[86]. Market and Industry Trends - The Chinese renewable energy market reached a scale of approximately 1.04 trillion yuan in 2021, reflecting a growth trend in the sector[39]. - The company is positioned to benefit from favorable national policies and the growing demand for high-end steel wire and ropes in various industries[35]. - In 2021, trade and investment with Belt and Road countries grew, with total imports and exports reaching 10.43 trillion yuan, a year-on-year increase of 23.5%[47]. - The company plans to expand its market presence in offshore wind power, focusing on innovative lifting solutions for large wind turbine installations[86]. Research and Development - The company holds 247 effective patents, including 42 invention patents, and has participated in the formulation of 49 national and industry standards[49]. - The company emphasizes the importance of technological innovation and upgrading in the traditional manufacturing sector to maintain competitive advantages[40]. - The company’s technical center published 25 papers during the reporting period, including 13 in national journals, indicating a strong focus on research and development[70]. - The number of R&D personnel increased by 9.92% to 144 in 2021, with a notable rise in the number of master's degree holders by 31.58%[88]. - The company has successfully developed ROV shackles and hooks, which were previously reliant on imports, marking a significant breakthrough in the marine engineering field[113]. Corporate Governance - The company maintains an independent operational structure, with complete autonomy in business, personnel, asset management, and procurement, ensuring no reliance on controlling shareholders[137]. - The company has a diverse board of directors, including independent directors, ensuring a balanced governance structure[145]. - The company is committed to maintaining high standards of corporate governance and transparency in its operations[156]. - The independent directors provided professional opinions on the company's strategic development and internal controls, contributing to effective supervision of financial and operational activities[168]. - The company has established internal control systems to support its financial management practices[141]. Employee Management - The company has a total of 2,432 employees, with 1,564 in production, 427 in sales, 144 in technical roles, 57 in finance, and 240 in administration[176]. - The company emphasizes a stable and competitive salary distribution mechanism based on performance, with a focus on core employees and key positions[177]. - The company has implemented a training program to enhance employee skills and management capabilities, aiming to improve overall employee satisfaction[178]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period was CNY 3.489 million[158]. - The company has no retired employees requiring financial support, indicating a focus on maintaining a stable workforce[176]. Environmental and Safety Measures - The company has installed a comprehensive welding fume extraction system, which is currently operational, to comply with stricter environmental regulations and reduce potential penalties[121]. - The company invested 13.63 million yuan in upgrading metallurgical welding and grinding dust removal systems, ensuring emissions are well below standard limits[200]. - An additional investment of over 12.5 million yuan was made to upgrade waste gas treatment facilities in the metallurgical and heavy industry sectors, incorporating active carbon adsorption and catalytic combustion purification systems[200]. - The company has implemented robust safety measures and training to mitigate risks associated with high-temperature and high-pressure production processes, ensuring a controlled production environment[122]. Future Outlook - The company has not made any forward-looking statements regarding future plans or strategies in this report[6]. - The company aims to enhance its core competitiveness through continuous product research and development and technological upgrades[119]. - The company recognizes the risks posed by the COVID-19 pandemic and macroeconomic conditions, and is taking measures to mitigate these impacts on its operations[118][119]. - The company is committed to achieving high quality, high efficiency, and high profits through advanced manufacturing and application, as well as high-end manufacturing strategies in 2022[108].