Jikai(SZ:002691)2022-04-19 16:00Financial Performance - The company's operating revenue for 2021 was ¥364,908,078.39, representing a 51.50% increase compared to ¥240,867,674.57 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥17,850,887.56, a significant turnaround from a loss of ¥15,624,785.82 in 2020, marking a 214.25% increase[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,065,714.78, compared to a loss of ¥21,185,139.66 in 2020, reflecting a 133.35% improvement[18]. - The basic earnings per share for 2021 was ¥0.05, a recovery from a loss of ¥0.050 in 2020, indicating a 200.00% increase[18]. - The total assets at the end of 2021 were ¥1,125,111,905.17, which is a 7.46% increase from ¥1,046,957,937.57 at the end of 2020[19]. - The net assets attributable to shareholders at the end of 2021 were ¥889,911,109.89, up 1.73% from ¥874,815,383.77 at the end of 2020[19]. - The company reported a total of 10,785,172.78 CNY in non-recurring gains and losses for the year, significantly higher than the previous year's 5,560,353.84 CNY[24]. - The company achieved a total operating revenue of CNY 364.91 million in 2021, representing a year-on-year growth of 51.50%[39]. - The main business revenue reached CNY 354.26 million, with a year-on-year increase of 60.32%[42]. - The company’s cash flow from operating activities decreased by 95.08% compared to the previous year, primarily due to the absence of VAT refunds received in the prior period[39]. - The company’s cash and cash equivalents increased by 1,644.21%, driven by improved cash flow from operating and investing activities[40]. Operational Efficiency - The weighted average return on net assets for 2021 was 2.02%, an increase of 3.79% from -1.77% in 2020[18]. - The company has developed key technologies such as automatic drilling and intelligent monitoring systems, enhancing operational efficiency by up to 30%[30][31]. - The company has established a comprehensive management system that integrates various business functions, enhancing operational efficiency[35]. - The company’s R&D team comprises over 30% of its total workforce, collaborating with multiple research institutions to drive innovation[36]. - The company has developed a series of battery-powered and intelligent diesel monorail transport systems, enhancing operational efficiency in coal mines[33]. Market and Industry Outlook - The coal machinery manufacturing industry is expected to continue growing, supported by government initiatives for intelligent coal mine construction[28]. - The company aims to expand its market presence by leveraging its advanced technology and product offerings in the coal mining sector[29]. - The coal industry is expected to see positive trends, with coal production and consumption projected to stabilize around 4.1 billion tons by the end of the 14th Five-Year Plan[72]. Governance and Compliance - The company has maintained a complete separation from its controlling shareholders in terms of assets, business, and financial operations[80]. - The governance structure of the company is compliant with the regulations set by the China Securities Regulatory Commission, with no significant discrepancies noted[79]. - The company has established a sound internal control system and operates in a standardized manner[79]. - The company has not faced any administrative regulatory measures from supervisory authorities during the reporting period[79]. - The company has a structured remuneration policy where internal directors and senior management receive bonuses based on performance evaluations at year-end[92]. - The company has a diverse management team with members holding significant positions in various industry associations, which may enhance networking and business opportunities[91]. Shareholder Information - The total number of shares after the recent changes is 340,000,000, maintaining a 100% ownership structure[166]. - The largest shareholder, Feng Chunbao, holds 33.37% of the shares, totaling 113,462,855[170]. - The second largest shareholder, Shenzhen Zhuozhong Dafu Investment Partnership, holds 98,600,000 shares, indicating strong institutional support[171]. - The company has not engaged in any repurchase transactions during the reporting period, reflecting a stable shareholder structure[171]. Subsidiaries and Investments - The company signed a joint venture agreement to establish Guizhou Xingmao Mining Equipment Manufacturing Co., Ltd., with a capital contribution of ¥25.5 million, representing a 51% stake[51]. - The company added one new subsidiary to its consolidated financial statements in 2021, bringing the total to four subsidiaries[134]. - The newly included subsidiary is Jikai Hebei Electromechanical Technology Co., Ltd., with a 100% ownership stake[134]. Financial Reporting and Audit - The company received a standard unqualified audit opinion from Zhongxing Cai Guanghua Accounting Firm, confirming the accuracy of its financial statements[184]. - The audit identified revenue recognition as a key audit matter due to the risk of management manipulating revenue to meet specific targets, especially with a significant increase in revenue recognized in the fourth quarter[185]. - The audit procedures included sampling sales contracts to assess the timing of revenue recognition and ensuring compliance with new revenue recognition standards[186]. Employee and Training Programs - The total number of employees at the end of the reporting period was 734, with 266 in production, 63 in sales, and 132 in technical roles[104]. - The company’s training programs include onboarding, safety, professional skills, and quality training[106]. - The company maintained a high-level salary and welfare policy, linking employee income to performance and efficiency[105].