联发股份(002394) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was approximately ¥3.90 billion, a slight increase of 0.61% compared to ¥3.87 billion in 2020[24]. - The net profit attributable to shareholders decreased by 61.33% to ¥181.98 million from ¥470.64 million in 2020[24]. - The net profit after deducting non-recurring gains and losses was ¥159.00 million, down 30.71% from ¥229.48 million in the previous year[24]. - The net cash flow from operating activities was negative at ¥36.98 million, a decline of 108.37% compared to ¥441.80 million in 2020[24]. - Basic earnings per share dropped by 60.84% to ¥0.56 from ¥1.43 in 2020[24]. - Total assets at the end of 2021 were approximately ¥5.29 billion, an increase of 10.08% from ¥4.81 billion at the end of 2020[24]. - The net assets attributable to shareholders increased by 1.61% to ¥3.77 billion from ¥3.71 billion in 2020[24]. - The weighted average return on net assets was 4.88%, down 8.27% from 13.15% in the previous year[24]. - The company's operating profit for 2021 was 19.77 million yuan, a year-on-year decrease of 67.64%[48]. - The net profit for 2021 was 17.57 million yuan, down 62.29% year-on-year[48]. Revenue and Market Performance - In Q1 2021, the company reported revenue of approximately ¥937.1 million, which increased to ¥1.3 billion in Q2, followed by ¥1.25 billion in Q3, and dropped to ¥413.9 million in Q4[28]. - The net profit attributable to shareholders was ¥16.6 million in Q1, peaked at ¥92.4 million in Q2, then decreased to ¥61.5 million in Q3, and fell to ¥11.5 million in Q4[28]. - Revenue from the textile and apparel sector reached ¥3,390,589,202.38, accounting for 87.00% of total revenue, with a year-on-year growth of 5.06%[52]. - The company's gross profit margin for the textile and apparel sector was 17.10%, a decrease of 1.56% compared to the previous year[56]. - Revenue from the European market surged by 80.82% to ¥471,633,590.42, while revenue from Japan dropped by 60.44% to ¥10,371,202.03[54]. - The company ranked 13th in revenue among the national cotton textile industry and 2nd in revenue for color woven fabric products in 2020[34]. Production and Capacity - The company has a production capacity of 100 million meters of color woven fabric and 7.8 million meters of home textile fabric annually, serving over 30 countries and regions[35]. - The production capacity for color woven fabric was 10,000 million meters with a utilization rate of 84.30%, down from 12,000 million meters and 86.39% in 2020[68]. - The sales volume of fabrics increased by 18.82% to 21,056.74 million meters, while inventory rose by 15.71% to 1,944.36 million meters[58]. - The sales volume of clothing increased by 7.16% to 631.77 million pieces, with production rising by 31.33% to 724.72 million pieces[58]. Research and Development - The company has developed over 200 new products focusing on eco-friendly, antibacterial, and high-performance materials during the reporting period[50]. - R&D expenses increased by 14.35% to ¥88,255,612.20, indicating a focus on innovation and product development[67]. - The total R&D investment amounted to ¥88,255,612.20, representing 2.26% of operating revenue, an increase of 14.35% from the previous year[78]. - The company has ongoing research into functional polyester fibers to meet personalized consumer needs[76]. - The company has completed the development of eco-friendly printing materials, enhancing market competitiveness[76]. Environmental and Social Responsibility - Jiangsu Lianfa Textile Co., Ltd. is classified as a key pollutant discharge unit by the environmental protection department[166]. - The company reported a total emission of 0.02298 tons of ammonia, with a discharge standard of 1 ton/year[166]. - The company has implemented measures to ensure that all emissions are within the regulatory limits, with no reported exceedances[166]. - The company has established a comprehensive environmental protection management system, ensuring that all pollution control facilities operate effectively and meet emission standards, with no incidents of exceeding discharge limits reported[173]. - The company sponsored 1.47 million yuan for impoverished students' living expenses and donated 500,000 yuan to the Hai'an Charity Foundation in 2021[182]. Corporate Governance and Management - The board of directors consists of 9 members, including 3 independent directors, and operates in compliance with legal and regulatory requirements[118]. - The company emphasizes the protection of stakeholders' rights while balancing profits with social responsibilities, employee rights, and environmental protection[119]. - The internal audit department effectively supervises daily operations and major transactions, enhancing management levels and risk prevention capabilities[120]. - The company has established a dedicated investor relations management system to enhance communication with investors and ensure their right to information[120]. - The company has a structured approach to remuneration that aligns with performance and responsibilities[137]. Future Outlook and Strategic Initiatives - The company aims to enhance its self-owned brand order ratio and improve customer loyalty through design and targeted development in the home textile fabric sector[107]. - The company plans to accelerate the high-end woven fabric project in Indonesia to establish a foundation for its global layout[108]. - Future outlook includes a projected revenue growth of 10% for the next fiscal year, driven by market expansion and new product launches[131]. - The company aims to reduce operational costs by 15% through improved supply chain management and automation[168]. - Jiangsu Lianfa has set a goal to achieve carbon neutrality by 2025, aligning with global sustainability trends[168].