棒杰股份(002634) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥613,630,932.43, a decrease of 1.92% compared to ¥625,631,302.42 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥55,615,113.18, down 9.81% from ¥61,663,584.17 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥36,387,629.65, a decline of 28.61% from ¥50,970,709.88 in 2020[18]. - The net cash flow from operating activities decreased by 42.95% to ¥69,679,749.01 from ¥122,137,485.74 in 2020[18]. - The total assets at the end of 2021 were ¥1,088,029,200.18, an increase of 6.75% from ¥1,019,266,372.73 at the end of 2020[18]. - The net assets attributable to shareholders increased by 7.33% to ¥814,453,542.54 at the end of 2021 from ¥758,833,594.70 at the end of 2020[18]. - The basic earnings per share for 2021 were ¥0.12, a decrease of 7.69% from ¥0.13 in 2020[18]. - The weighted average return on equity was 7.07%, down from 8.53% in 2020, reflecting a decrease of 1.46%[18]. Revenue Breakdown - The industrial segment contributed ¥511,414,604.59, accounting for 83.35% of total revenue, down 3.73% from the previous year[45]. - Seamless clothing sales amounted to ¥588,996,687.68, representing 95.99% of total revenue, with a decline of 2.52% year-over-year[45]. - Export sales reached ¥536,300,057.30, which is 87.40% of total revenue, showing an increase of 18.66% compared to ¥451,969,884.89 in 2020[46]. Market and Industry Trends - The textile and apparel industry in China saw an export value of USD 315.47 billion in 2021, an increase of 8.38% compared to 2020[28]. - The seamless clothing industry, where the company operates, is experiencing increased demand globally, driven by consumer preferences for comfort and functionality[29]. - The domestic seamless clothing industry is experiencing a trend towards consolidation, with larger enterprises gaining market share due to rising production costs and quality demands[103]. Research and Development - R&D investment reached ¥19,640,261.43, an increase of 1.89% year-on-year[39]. - The company is focusing on R&D investments to innovate and expand its product line, which is expected to enhance its market position and competitiveness[64]. - The company plans to increase R&D investment to enhance product competitiveness and develop differentiated products to meet customer demands[104]. Operational Efficiency - The company is actively enhancing its information management systems to improve production efficiency and reduce costs[41]. - The company has maintained stable relationships with suppliers and established a comprehensive supplier evaluation system to control procurement costs[32]. - The company is focusing on product differentiation and high-end market development to improve customer experience and product quality[41]. Cash Flow and Investments - The total cash inflow from operating activities was ¥730,252,459.99, a 2.10% increase compared to ¥715,251,054.36 in the previous year, while cash outflow increased by 11.37% to ¥660,572,710.98[67]. - The company reported a significant increase in inventory, primarily for sales preparation in the upcoming quarter[63]. - The total investment amount for the reporting period was ¥26,520,510.88, a significant decrease of 59.18% from ¥64,970,529.92 in the previous year[75]. Risk Management - The company faces risks including market competition, international demand fluctuations, and foreign exchange rate volatility[4]. - The company has established a comprehensive foreign exchange risk management mechanism to mitigate the impact of currency fluctuations on its performance[107]. - The company has implemented risk control measures to manage potential risks associated with foreign exchange hedging, including careful selection of trading partners[82]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[115]. - The supervisory board is composed of 3 members, including 1 employee representative, and operates in accordance with relevant laws and regulations[115]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring compliance with legal standards[116]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[158]. - The company reported a total of 11.6 tons of COD emissions and 0.232 tons of ammonia nitrogen emissions, both of which are within regulatory limits[159]. - The company has implemented a wastewater treatment system that meets the indirect discharge standards for textile dyeing and finishing industries[160]. Shareholder Engagement - The company has held annual and temporary shareholder meetings with participation rates of 33.55% and 33.54% respectively, ensuring shareholder engagement[119]. - The company proposed a three-year shareholder return plan for 2021-2023[140]. - The company has not made any adjustments to its cash dividend policy during the reporting period, maintaining compliance with relevant regulations[147].