THVOW(SZ:002564)2022-03-24 16:00Financial Performance - The company reported a significant increase in revenue for 2021, with total revenue reaching RMB 1.5 billion, representing a year-on-year growth of 25%[15]. - The net profit for the year was RMB 300 million, which is an increase of 15% compared to the previous year[15]. - The company's operating revenue for 2021 was ¥6,806,791,172.15, a decrease of 11.74% compared to ¥7,712,473,560.23 in 2020[20]. - The net profit attributable to shareholders was -¥693,319,761.12, an improvement of 40.21% from -¥1,159,517,303.66 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥762,872,183.33, a 39.23% improvement from -¥1,255,294,822.26 in 2020[20]. - The basic earnings per share for 2021 was -¥0.80, showing a 40.74% improvement from -¥1.35 in 2020[21]. - The total assets at the end of 2021 were ¥28,472,355,417.93, a decrease of 6.30% from ¥30,387,895,334.70 at the end of 2020[21]. - The net assets attributable to shareholders decreased by 27.68% to ¥1,810,295,015.21 from ¥2,503,107,979.61 in 2020[21]. - The company achieved total operating revenue of 6.807 billion yuan, a decrease of 11.74% compared to the same period last year[56]. - The company's operating profit was -856 million yuan, an increase of 48.78% year-on-year[56]. Market Expansion and Strategic Initiatives - The company plans to invest RMB 200 million in research and development for new technologies and products in the upcoming year[15]. - The company has expanded its market presence by entering two new international markets, which is expected to contribute an additional RMB 100 million in revenue[15]. - The company has outlined its future outlook, projecting a revenue growth of 20% for 2022, driven by market expansion and new product launches[15]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million RMB allocated for potential deals[152]. - The company plans to expand its market presence and invest in new technologies to enhance competitive advantage in the industry[1]. - The company aims to achieve a revenue growth target of 15% for the next fiscal year, driven by increased sales and market expansion[1]. Research and Development - The company is focusing on research and development of new products to meet evolving market demands[1]. - The company’s R&D investment amounted to ¥242,771,382.91 in 2021, a decrease of 14.79% compared to ¥284,922,507.68 in 2020[81]. - The company has made significant progress in new product development, including breakthroughs in high-value products for the petrochemical industry[60]. - A research project fund of ¥1 million was established to reward research teams that achieve significant results, emphasizing the importance of technology and talent development[63]. - The company is focusing on the development of intelligent photovoltaic power stations, aiming to enhance operational efficiency through digitalization and automation[79]. Risk Management - The company has identified several key risks, including macroeconomic risks and policy risks, which have been addressed in its strategic planning[4]. - The company faces macroeconomic risks that could impact order volumes and revenue, and it plans to enhance risk assessment and response strategies[113]. - The company is aware of policy risks related to its core industries and will actively monitor and adapt to changes in national policies[114]. - The company acknowledges the risks associated with its solar thermal power projects and will closely follow technological and market developments[115]. - The company is focused on mitigating order payment risks through strict customer selection and internal controls[121]. Corporate Governance and Management - The company held 5 shareholder meetings during the reporting period to ensure the protection of shareholder rights and compliance with regulations[127]. - The board of directors consists of 9 members, including 3 independent directors, who provide valuable suggestions for the company's development[129]. - The supervisory board conducted 7 meetings to oversee the company's financial status and compliance of senior management with legal obligations[130]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and finances[133]. - The company has established an independent financial accounting department and decision-making system, ensuring no interference from the controlling shareholder in financial matters[135]. Environmental and Social Responsibility - The company’s commitment to environmental laws includes adherence to multiple regulations aimed at reducing carbon emissions and pollution[183]. - The company donated RMB 50,000 to support disadvantaged communities during the Spring Festival and contributed RMB 30,000 to the Zhangjiagang Free Trade Zone Charity Foundation[185]. - The company’s subsidiary Zhanghua Machine has been actively involved in poverty alleviation efforts, including providing educational support to underprivileged families[185]. - The company’s volunteer team participated in educational activities at a hope primary school in Yunnan Province, contributing to community support initiatives[185]. Financial Management and Compliance - The company reported a total of 3,484.02 million CNY in funds occupied by related parties as of the end of the reporting period[194]. - The company had an increase of 483.34 million CNY in occupied funds during the reporting period[194]. - The company has a commitment to ensure fair pricing in related transactions, adhering to national pricing regulations and market standards[192]. - The company has reported no violations of the Securities Law or related regulations during the reporting period[194]. - The company did not change its accounting firm during the reporting period[199].