华斯股份(002494) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥415,003,404.52, representing a 22.74% increase compared to ¥338,116,650.33 in 2020[22] - The net profit attributable to shareholders for 2021 was ¥17,422,483.29, a significant turnaround from a loss of ¥346,050,651.71 in 2020, marking a 105.03% increase[22] - The net profit after deducting non-recurring gains and losses was ¥14,078,832.59, compared to a loss of ¥389,218,274.57 in the previous year, reflecting a 103.62% improvement[22] - The basic earnings per share for 2021 was ¥0.0462, a recovery from a loss of ¥0.9172 in 2020, indicating a 105.04% increase[22] - The total revenue for the year was 415,003,404.52 CNY, with a significant increase in Q4 revenue to 151,893,194.26 CNY, up from 69,845,561.75 CNY in Q1[26] - The net profit attributable to shareholders for Q4 was 11,695,571.18 CNY, marking a recovery from a loss of 4,119,214.94 CNY in Q1[26] - The net cash flow from operating activities turned positive in Q4, reaching 58,799,098.20 CNY, compared to negative cash flows in the first three quarters[26] - The company reported a government subsidy of 3,910,232.69 CNY in 2021, which is a significant increase from 2,125,452.20 CNY in 2020[27] - In 2021, the company achieved total revenue of ¥415,003,404.52, representing a year-on-year growth of 22.74%[46] - The net profit attributable to shareholders increased by 105.03% to ¥174,227,483.29 compared to the previous year[46] Assets and Liabilities - The total assets at the end of 2021 were ¥1,912,118,709.66, down 9.26% from ¥2,107,263,121.04 at the end of 2020[22] - The net assets attributable to shareholders increased by 1.10% to ¥1,565,172,036.09 at the end of 2021, compared to ¥1,548,183,791.64 at the end of 2020[22] - The company's total assets at the end of 2021 amounted to ¥1,913,000,000, with cash and cash equivalents decreasing significantly to ¥187,240,572.20, down from ¥331,884,133.13 at the beginning of the year[80] - The long-term borrowings decreased by 2.56% due to the repayment of loans during the reporting period[80] Cash Flow - The company reported a net cash flow from operating activities of -¥17,015,333.15, a decline of 116.44% from ¥103,497,808.46 in 2020[22] - The company's operating cash inflow decreased by 33.32% to ¥332,755,610.30 in 2021 from ¥499,027,651.62 in 2020[73] - The net cash flow from operating activities turned negative at -¥17,015,333.15, a decline of 116.44% compared to the previous year's net inflow of ¥103,497,808.46[73] - Investment cash inflow dropped by 63.53% to ¥46,039,752.40, while investment cash outflow increased by 53.82% to ¥79,348,909.51, resulting in a net cash outflow of -¥33,309,157.11, a decrease of 144.61% year-on-year[74][75] Sales and Marketing - The ODM business segment grew by 41.49%, contributing ¥99,564,942.50, while the OBM segment saw a decline of 54.82% to ¥73,945,143.71[49] - The company expanded its online sales, which increased by 87.76% to ¥1,597,963.27, while direct sales dropped by 56.12% to ¥56,745,726.02[50] - The company opened 4 new stores to enhance its self-owned brand promotion and expand domestic sales channels[47] - The company has initiated online sales through platforms like Tmall and Douyin, expanding its market reach beyond traditional retail[39] - The company emphasizes enhancing brand value and expanding domestic market share while closely monitoring international market dynamics[40] Production and Operations - The company operates a comprehensive supply chain model, integrating fur trading, deep processing, fashion design, and sales, enhancing its competitive advantage in the fur industry[41] - The company’s production is driven by orders, employing a make-to-order model, which includes four main processes: R&D design, tanning, dyeing, and garment production[38] - The company has established stable global procurement channels, ensuring a steady supply of raw materials while maintaining high procurement efficiency and low costs[38] - The company has a strong ability to comprehensively utilize raw fur resources, leveraging its procurement team's expertise to assess and price raw materials effectively[41] - The company’s production processes have been optimized to reduce costs and improve efficiency through digital applications and lean production practices[46] Research and Development - The company aims to increase its R&D efforts to enhance industry competitiveness and promote the transformation and upgrading of the traditional fur industry[34] - The company’s R&D center is recognized as a national high-tech enterprise, focusing on innovation in product design and quality control, with multiple awards in national fur fashion competitions[36] - The company’s R&D expenditure was ¥11,859,496.54, representing 2.86% of operating revenue, down from 3.53% in 2020, marking a 0.67% decrease[74] - The number of R&D personnel decreased by 3.41% to 85 in 2021 from 88 in 2020, with the proportion of R&D staff in total employees falling to 10.17%[74] Corporate Governance - The governance structure complies with relevant laws and regulations, ensuring independent operation from the controlling shareholder[104] - The board consists of 7 members, including 3 independent directors, ensuring fair and scientific decision-making[105] - The company has implemented a performance evaluation system for management, linking bonuses and promotions to quarterly assessments[105] - The company maintains a transparent information disclosure system, ensuring equal access to information for all shareholders[107] - The company operates independently from its controlling shareholder, with a complete and autonomous business and asset structure[108] Environmental Responsibility - The company has established two wastewater treatment systems and implements rainwater and sewage diversion, ensuring compliance with pollution discharge standards[157] - The company has a comprehensive wastewater treatment facility with a processing capacity of 1600m³/d, utilizing advanced treatment processes[158] - The company has committed to a low consumption, low emission, and high efficiency circular economy model, emphasizing clean production[164] - The company has not faced any administrative penalties due to environmental issues during the reporting period[160] Employee Management - The total number of employees at the end of the reporting period was 1,044, with 836 in the parent company and 208 in major subsidiaries[136] - The professional composition of employees includes 425 production personnel, 280 sales personnel, 218 technical personnel, 35 financial personnel, and 86 administrative personnel[136] - The company has established a training plan to enhance the skills and management levels of both existing and new employees[139] Profit Distribution - The company has a cash dividend policy that prioritizes cash dividends, ensuring that the distributable profit is positive and cash flow is sufficient[140] - The company plans to maintain a profit distribution policy ensuring that cash dividends are no less than 10% of the distributable profits for the year, with a cumulative cash distribution of at least 30% of the average annual distributable profits over the last three years[142] - The company reported a profit distribution plan for 2021 that includes no cash dividends or capital reserve transfers, citing significant investment needs for business growth[147]