银河电子(002519) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 1,424,782,414.53, a decrease of 4.83% compared to CNY 1,497,083,222.87 in 2020[27]. - The net profit attributable to shareholders for 2021 was CNY 14,353,506.01, representing a significant decline of 91.57% from CNY 170,204,322.36 in 2020[27]. - The net profit after deducting non-recurring gains and losses was CNY 72,972,911.81, down 35.21% from CNY 112,626,807.76 in the previous year[27]. - The basic earnings per share for 2021 was CNY 0.01, a decrease of 93.75% compared to CNY 0.16 in 2020[27]. - The net cash flow from operating activities was negative CNY 21,231,186.1, a decline of 104.29% from CNY 495,246,719.80 in 2020[27]. - The weighted average return on equity was 0.50% at the end of 2021, a decrease of 5.94% compared to the end of 2020[30]. - Total assets amounted to ¥3,438,596,707.34, reflecting an 11.33% decrease from the previous year[30]. - Net assets attributable to shareholders reached ¥2,881,722,593.55, showing a 2.58% increase year-over-year[30]. - The company achieved operating revenue of CNY 142,478.24 million, a year-on-year decrease of 4.83%[54]. - Net profit attributable to shareholders was CNY 1,435.35 million, down 91.57% year-on-year, primarily due to investment losses from the sale of subsidiaries[54]. Business Operations and Strategy - The company plans not to distribute cash dividends or issue bonus shares for the year[7]. - The company disposed of 100% equity in Junpeng Communication and Junpeng Intelligent during the reporting period, focusing on military equipment, smart electromechanical, and key components for new energy vehicles[25]. - The company has expanded its main business to include smart electromechanical, new energy vehicle components, and smart digital TV terminals[25]. - The company operates in the military equipment and new energy vehicle components sectors, with significant growth expected in these industries due to increased government spending and policy support[43]. - The company plans to enhance its military business by enhancing production capacity and upgrading product lines through new projects[55]. - The company intends to accelerate the development of new products and market expansion in the new energy vehicle parts industry, particularly in charging equipment[137]. Research and Development - Research and development investment for the year was CNY 14,470 million, with a total of 333 patents held, including 45 invention patents[49]. - The company will increase R&D investment and technical innovation in the smart electromechanical industry to maintain product advantages and expand market share[136]. - The company recognizes a shortage of talent to meet the needs of its business transformation and will enhance internal talent selection and training while also recruiting professionals from the market[143]. Market and Industry Trends - In 2021, the production and sales of new energy vehicles reached 3.545 million and 3.521 million units, respectively, marking a year-on-year growth of 160%[44]. - The number of public and private charging piles in China reached 2.617 million by the end of 2021, reflecting a 70.1% increase year-on-year, supporting the growth of the new energy vehicle market[44]. - The company faced challenges due to chip supply shortages and rising raw material costs, impacting the performance of its new energy vehicle components and digital TV smart terminal businesses[66]. Financial Management and Governance - The company has established a complete procurement, production, and sales system, ensuring independence from its controlling shareholder in business operations[152]. - The company maintains an independent financial accounting department and a unified financial management system across its subsidiaries, ensuring financial independence from the controlling shareholder[156]. - The company has a complete set of management systems and personnel management data, ensuring compliance with labor and personnel regulations[152]. - The company’s governance structure is in compliance with relevant laws and regulations, with no unresolved governance issues[147]. Employee and Management Information - The total number of employees at the end of the reporting period was 1,462, with 645 in production, 105 in sales, 482 in technology, 26 in finance, and 204 in administration[194]. - The company has implemented an employee stock ownership plan during the reporting period[200]. - The company will implement a performance-based compensation system to enhance management efficiency and achieve operational goals[138]. - The total pre-tax compensation for senior management amounted to 1,220.45 million CNY during the reporting period[180]. Future Outlook - The company aims for a net profit of no less than 20 million yuan for the year 2022[135]. - The company has set a future outlook with a revenue target of 2 billion yuan for the next fiscal year, indicating a projected growth of 33%[171]. - The company plans to invest 100 million yuan in research and development for innovative technologies over the next two years[171].