旷达科技(002516) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥1,723,569,023.64, representing a 15.68% increase compared to ¥1,489,962,592.08 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥189,455,483.87, a decrease of 9.68% from ¥209,768,330.17 in 2020[28]. - The net profit after deducting non-recurring gains and losses was ¥177,121,667.97, down 3.12% from ¥182,820,758.19 in 2020[28]. - The total cash inflow from operating activities was ¥1,146,336,514.90 in 2021, a 4.78% increase from ¥1,094,009,113.25 in 2020[108]. - The net cash flow generated from operating activities decreased by 42.01% to ¥148,898,015.18 in 2021, down from ¥256,779,363.12 in 2020[108]. - The company achieved a net profit of ¥187,875,224.70, with a net profit attributable to shareholders of ¥189,455,483.87, and a parent company net profit of ¥72,401,362.67[178]. Dividend Distribution - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[7]. - The total cash dividend amount for the reporting period is 172,298,411.67 yuan, which accounts for 100% of the total profit distribution[176]. - The company has established a cash dividend policy, ensuring that cash dividends will not be less than 10% of the distributable profits each year[172]. Investment and R&D - The company is focusing on developing new technologies and materials, increasing investment in ecological synthetic leather, ultra-fine velvet, and ultra-fine leather to meet changing market demands[6]. - Research and development expenses rose by 34.10% to ¥39,141,213.24 in 2021, reflecting increased investment in innovation[83]. - The proportion of R&D investment to operating revenue increased to 2.27% in 2021 from 1.96% in 2020, reflecting a 0.31% rise[105]. - The company has developed a self-cleaning differentiated PET fiber for automotive interior materials, achieving two utility model patents[94]. - The company is currently working on the development of low-odor automotive interior fabrics, with an expected production capacity of 5 million meters per year and two utility model patents obtained[97]. - The company is focusing on the development of recycled polyester products to reduce pollution and resource consumption, obtaining two utility model patents in the process[96]. Automotive Industry Insights - In 2021, the automotive industry saw a year-on-year growth in production and sales, ending three consecutive years of decline, with over 3.5 million new energy vehicles sold, increasing market share to 13.4%[6]. - The automotive industry showed recovery with a total sales volume exceeding 3.5 million units, leading to a market share increase to 13.4%[44]. - The automotive supplies sector generated ¥1,283,570,476.01, accounting for 74.47% of total revenue, with a growth of 15.69% from ¥1,109,455,240.81 in 2020[65]. - The company’s automotive trim business achieved a net profit of 112.97 million yuan, a decrease of 4.77% year-on-year due to rising raw material costs[52]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the environmental protection department[190]. - The total emissions of COD were 128.97 tons, with a discharge standard of 358 tons per annum[190]. - The company has established a complete set of waste gas treatment and wastewater pretreatment facilities, which are currently operating normally[190]. - The company received a new pollution discharge permit in December 2020, valid for five years[194]. - The company complies with various environmental protection laws and regulations, including the Environmental Protection Law of the People's Republic of China[199]. Corporate Governance - The company has maintained compliance with corporate governance regulations, ensuring independence from its controlling shareholders in various operational aspects[135]. - The company held its annual general meeting with a 50.20% investor participation rate, reflecting strong shareholder engagement[136]. - The company has established a governance structure including a board of directors and various committees to ensure effective internal control and decision-making processes[180]. - The company has a total of 12 board members, with a diverse range of roles and responsibilities[153]. - The company has not experienced any changes in the positions of directors, supervisors, or senior management during the reporting period[142]. Production and Capacity - The company produced 1,045.52 million meters of synthetic leather, a 124.86% increase compared to 464.97 million meters in the previous year[71]. - The company has established an annual production capacity of 600 million meters for automotive leather composite materials[1]. - The production capacity utilization rate for yarn increased to 71% in 2021 from 68% in 2020, showing improved efficiency[84]. - The company’s seat cover production capacity remained at 164.81 million sets, with a utilization rate of 69% in 2021, down from 73% in 2020[84]. Market and Sales - Domestic sales accounted for 99.50% of total revenue, amounting to ¥1,714,923,065.40, reflecting a year-on-year increase of 15.72%[65]. - Direct sales generated revenue of ¥1,510,556,035.05, with a year-on-year increase of ¥231,010,630.39, while the gross margin decreased by 2.31% to 21.50%[88]. - The company’s sales volume for automotive seat covers increased by 52.82%, reaching 198.48 million sets[71]. Challenges and Risks - The company faces significant pressure on its decorative parts business due to economic cycles, rising raw material prices, and increasing labor costs, necessitating the development of new technologies and products to meet evolving customer demands[129]. - There are investment risks associated with the SAW filter project, including potential underperformance in market expansion and other investment management risks, prompting the company to accelerate project progress[129].