Homa(002668)2022-04-21 16:00Financial Performance - The company reported a revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[19] - The net profit attributable to shareholders was RMB 150 million, a decrease of 10% compared to the previous year[19] - The company's operating revenue for 2021 was CNY 10,122,102,090.03, representing a 21.29% increase compared to CNY 8,345,133,628.27 in 2020[29] - The net profit attributable to shareholders for 2021 was a loss of CNY 79,907,884.19, a 91.91% improvement from a loss of CNY 539,737,154.04 in 2020[29] - The net cash flow from operating activities for 2021 was CNY 922,000,994.75, a decrease of 28.71% from CNY 2,377,691,833.40 in 2020[29] - The total assets at the end of 2021 were CNY 7,137,993,928.49, down 19.18% from CNY 9,213,480,693.30 at the end of 2020[29] - The net assets attributable to shareholders at the end of 2021 were CNY 436,430,787.10, a decrease of 37.26% from CNY 2,182,408,396.27 at the end of 2020[29] - The basic earnings per share for 2021 was -CNY 0.07, an improvement of 92.31% from -CNY 0.50 in 2020[29] - The company achieved a production capacity of 15 million units annually, maintaining its position as the sixth largest in global sales volume[46] - The company reported a total revenue of 133,494,912,000 for the period ending on April 30, 2021, compared to 116,089,029,000 for the previous period, indicating a growth of approximately 15%[139] User Growth and Market Expansion - User data indicated a growth in active users by 20%, reaching a total of 5 million users by the end of 2021[19] - The company aims to launch three new product lines in 2022, including energy-efficient refrigerators and smart kitchen appliances[19] - The company plans to invest RMB 200 million in R&D for new product development in 2022, focusing on smart home appliances[19] - Future outlook includes an expansion strategy targeting a 30% increase in market share within the next three years[19] - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for this purpose[156] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2023[165] Strategic Partnerships and Innovations - A strategic partnership with TCL Group is expected to enhance supply chain efficiency and product innovation[19] - The company focuses on innovative technologies such as AI voice control and advanced cooling techniques, leading the industry towards smart dual-frequency refrigerators[46] - The company has established a strategic partnership with a leading tech firm to co-develop innovative smart home solutions[156] Financial Management and Governance - The company has implemented a digital transformation strategy to improve operational efficiency and enhance competitiveness in the market[49] - The company has established a comprehensive financial management system, operating independent bank accounts and making autonomous financial decisions[128] - The company ensures timely and accurate information disclosure, allowing all shareholders equal access to information[122] - The company has committed to resolving potential industry competition issues with its controlling shareholder, TCL, to protect shareholder interests[129] - The company has established a robust corporate governance framework, continuously optimizing its governance structure[118] Challenges and Risks - The company is currently under investigation by the China Securities Regulatory Commission for alleged information disclosure violations[5] - The company faces market risks related to export business, including potential changes in trade policies and economic conditions in key markets[106] - The company is exposed to competitive risks in the refrigerator market, impacting its R&D capabilities and resource acquisition[107] - Fluctuations in the prices of key raw materials, such as compressors, significantly affect the company's operating costs[108] - The company's export business is subject to exchange rate risks, particularly with transactions in USD and EUR[109] Employee and Management Structure - The total number of employees at the end of the reporting period is 10,322, with 10,307 from major subsidiaries and 15 from the parent company[195] - The workforce consists of 8,714 production personnel, 378 sales personnel, 908 technical personnel, 111 financial personnel, and 211 administrative personnel[198] - The company has established a performance management system that links compensation to performance, ensuring a fair and motivating salary structure[199] - The training program includes various forms of training such as corporate culture, product knowledge, professional skills, and job qualification training to enhance employee capabilities[200] Remuneration and Board Activities - The total pre-tax remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to RMB 4.32 million[175] - The company has a clear structure for the remuneration of its board members, with basic and performance-based components[175] - The board of directors expressed that the proposal regarding the acquisition of shares was not supported due to insufficient shareholder representation[185] - The company’s board of directors has actively participated in meetings and made significant professional suggestions for major decisions during the reporting period[186]