SONGZ(SZ:002454)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥4,123,694,228.02, representing a 21.86% increase compared to ¥3,383,834,845.84 in 2020[18]. - The net profit attributable to shareholders decreased by 54.41% to ¥112,575,571.29 from ¥246,907,403.91 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥55,320,111.71, down 54.16% from ¥120,681,826.89 in 2020[18]. - Basic earnings per share fell by 53.85% to ¥0.18 from ¥0.39 in the previous year[18]. - The net cash flow from operating activities increased by 15.69% to ¥562,787,266.65 compared to ¥486,472,145.54 in 2020[18]. - The company reported a total cash inflow from operating activities of CNY 4.86 billion, a 17.84% increase from CNY 4.12 billion in the previous year[70]. - The company reported a total revenue of 5,120.74 million in 2021, with a net profit of 2,374.00 million, representing a year-on-year increase of 2.74%[107]. - The revenue from small car thermal management products accounted for 61.26% of total revenue, increasing by 43.82% year-on-year[54]. Assets and Liabilities - Total assets at the end of 2021 were ¥6,928,215,646.41, a 5.80% increase from ¥6,548,453,988.90 at the end of 2020[18]. - The net assets attributable to shareholders increased by 1.43% to ¥3,688,620,231.78 from ¥3,636,699,714.22 in 2020[18]. - The company's fixed assets amounted to ¥1,234,464,370, representing 17.82% of total assets, an increase of 0.34% from the previous year[75]. - The company's contract liabilities decreased to ¥159,658,308.3, accounting for 2.30% of total liabilities, down from 2.45% the previous year[75]. - The company reported a total of 68.98 million CNY in related party transactions, with a maximum approved amount of 115 million CNY, representing 23.40% of the same type of transactions[157]. Production and Sales - The company experienced a significant increase in the sales volume of vehicle battery thermal management systems, with a growth of 233.33% year-on-year in production volume[31]. - The production of small vehicle air conditioning condensers rose by 132.42% year-on-year, reaching 5.19 million units in the reporting period[32]. - The sales revenue for new energy bus air conditioning reached approximately CNY 650.68 million with a production of 23,700 units and sales of 19,300 units[35]. - The large and medium bus thermal management segment delivered over 32,900 units, a decrease of 10% year-on-year, while the battery thermal management systems for large and medium buses and electric heavy trucks saw a significant increase of 181%, with over 5,900 units delivered[49]. - The company delivered over 4,600 units of various cold chain refrigeration units, achieving a year-on-year growth of over 24%, with sales revenue exceeding CNY 88 million, up 15% from the previous year[52]. Research and Development - The company has established a research and development team of over 500 people, focusing on advanced technology and product development in automotive thermal management[36]. - Research and development expenses increased by 23.42% to 253,167,349.98 yuan in 2021 from 205,123,877.67 yuan in 2020[65]. - The company has initiated the development of new products such as the next-generation battery cooling module and heat pump air conditioning systems, collaborating with key clients like NIO and Dongfeng Honda[51]. - The company is actively researching new environmentally friendly refrigerants, including CO2 and R454C, to align with carbon neutrality goals[39]. Governance and Management - The company has developed a comprehensive corporate governance structure and modern management system, enhancing operational efficiency and employee engagement[48]. - The company has established a comprehensive internal control management system that meets operational needs and has effectively executed internal controls without any significant deficiencies[132]. - The company has implemented strict information disclosure practices, ensuring transparency and equal treatment of all investors[95]. - The company has a structured governance system with independent operation of the shareholders' meeting, board of directors, and supervisory board[99]. - The company has a clear organizational structure that supports its operational development needs, ensuring independence from controlling shareholders[99]. Market Expansion and Strategy - The company plans to enhance its market and product strength in the large and medium-sized bus thermal management sector while expanding into battery thermal management for energy storage stations and heavy-duty electric vehicles[85]. - The company is focusing on expanding its market presence in the energy storage thermal management sector, having completed the development of several products in this area[67]. - The company aims to increase its market share through strategic partnerships and potential acquisitions in the automotive sector[107]. - The company has set up over 30 sales outlets and more than 300 sales and after-sales service personnel across major provinces and cities in China, enhancing its market presence[45]. Environmental Responsibility - The company has established an ISO14001 environmental management system, certified in April 2012, to manage environmental risks effectively[144]. - The company has adopted environmentally friendly refrigerants, including R404A, R134A, and R407C, which have an ODP value of 0, ensuring no harm to the ozone layer[141]. - The company has invested in photovoltaic power generation facilities to reduce energy consumption and carbon emissions[145]. - The company has conducted monitoring of waste gas emissions, confirming that they meet the required standards[143].