长高电新(002452) - 2021 Q4 - 年度财报

Financial Performance - The company achieved total operating revenue of 1.52 billion yuan in 2021, a decrease of 2.59% compared to the previous year[44]. - The net profit attributable to shareholders for 2021 was CNY 251,497,536.03, an increase of 17.85% from CNY 213,400,031.23 in 2020[21]. - The net cash flow from operating activities reached CNY 483,774,350.99, representing a significant increase of 135.15% compared to CNY 205,726,355.13 in 2020[21]. - The basic earnings per share for 2021 was CNY 0.4476, up 11.32% from CNY 0.4021 in 2020[21]. - The company reported a significant decline in revenue from new energy generation, which fell by 48.05% to 26.75 million yuan[44]. - The company reported a total cash and cash equivalents increase of ¥347.79 million, a 96.03% rise from the previous year[68]. - The company achieved total revenue of 1.521 billion yuan in the reporting period, a decrease of 2.59% year-on-year, while net profit attributable to shareholders increased by 17.85% to 252 million yuan[40]. Dividend Distribution - The company plans to distribute a cash dividend of 0.70 CNY per 10 shares (including tax) based on the total share capital at the time of the profit distribution plan implementation[5]. - The net profit attributable to shareholders for 2021 was CNY 251,497,536.03, with distributable profits amounting to CNY 765,280,136.31[173]. - The company proposed a cash dividend of CNY 0.70 per 10 shares, resulting in a total cash dividend of CNY 43,411,695.95, which represents 100% of the profit distribution[174]. - The parent company achieved a net profit of CNY 26,213,585.52 in 2021, with actual distributable profits of CNY 330,562,729.54[173]. Research and Development - The company reported a significant focus on R&D for new products and technologies to enhance market competitiveness[5]. - The company has a strong R&D capability with 41 invention patents, 304 utility model patents, and 36 software copyrights as of the end of the reporting period[38]. - Research and development expenses increased by 15.18% to ¥78,288,895.63 compared to the previous year[60]. - The company completed the research and design of 550kV GIS and 550kV tank circuit breakers, advancing the development of new products[42]. - The company has established a research and development strategy aimed at enhancing product innovation and market competitiveness[141]. Market Strategy and Expansion - The company is actively pursuing market expansion strategies to increase its market share in the high-voltage switchgear sector[5]. - The company aims to enhance its capabilities in smart grid infrastructure and clean energy integration in line with national energy policies[31]. - The company plans to enhance market penetration and order acquisition capabilities, focusing on both the State Grid and Southern Grid markets[104]. - The company has expanded its business scope to include various services related to electric power installation, construction, and renewable energy technologies[21]. Risk Management - The company acknowledges various risks including industry risk, market risk, and raw material price fluctuation risk, which may impact profitability[5]. - The company emphasizes risk management and internal controls, particularly in procurement and project audits, to mitigate potential financial risks[107]. - The company is exposed to various risks in EPC projects, including political, currency, tax, and project management risks, and aims to mitigate these through strict project management and risk prevention strategies[111]. - The company will continue to adapt to fluctuations in raw material prices by adjusting sales prices accordingly and implementing strict inventory controls[109]. Corporate Governance - The company has established a robust corporate governance structure, complying with relevant laws and regulations, and ensuring effective operation of the shareholders' meeting, board of directors, and supervisory board[118]. - The board of directors consists of nine members, including three independent directors, ensuring a diverse range of expertise and compliance with regulatory requirements[120]. - The company has implemented strict insider information management, ensuring confidentiality and limiting the knowledge scope of sensitive information[123]. - The company has established various information disclosure management systems to ensure the accuracy and transparency of financial reporting[126]. Environmental and Social Responsibility - The company is committed to environmental and social responsibilities as part of its operational strategy[5]. - The company has implemented online monitoring equipment to enhance real-time monitoring of wastewater discharge, which is now operational[197]. - The company has adopted the ISO14000 environmental management system to improve automation levels and reduce negative environmental impacts[200]. - The company has developed an emergency response plan for environmental incidents, which has been filed with the local environmental protection bureau[197]. Employee and Management Structure - The total number of employees at the end of the reporting period is 1,491, with 156 in the parent company and 1,335 in major subsidiaries[154]. - The employee composition includes 784 production personnel, 120 sales personnel, 416 technical personnel, 25 financial personnel, and 146 administrative personnel[154]. - The company has a total of 25 employees with a master's degree or higher, and 396 with a bachelor's degree[155]. - The company’s management team has extensive experience in the industry, with members having served in various capacities since 2006, contributing to strategic decision-making[135].