NAR(SZ:002825)2022-04-18 16:00Financial Performance - The company reported a total revenue of 171,398,377 RMB for the year 2021, with a cash dividend of 2.50 RMB per 10 shares distributed to shareholders[5]. - The company's operating revenue for 2021 was ¥1,758,700,465.53, representing a 40.28% increase compared to ¥1,253,716,067.94 in 2020[6]. - The net profit attributable to shareholders for 2021 was ¥61,657,130.34, a decrease of 35.64% from ¥95,798,652.41 in 2020[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,809,489.61, down 46.70% from ¥89,695,462.91 in 2020[6]. - The company's total assets increased by 42.85% to ¥1,744,552,847.92 at the end of 2021, compared to ¥1,221,281,870.27 at the end of 2020[6]. - The basic earnings per share for 2021 was ¥0.360, a decline of 44.62% from ¥0.650 in 2020[6]. - The weighted average return on equity for 2021 was 6.05%, down from 12.76% in 2020, indicating a decrease of 6.71%[6]. - The company reported a net cash flow from operating activities of ¥127,569,087.69, a slight increase of 2.27% from ¥124,734,329.36 in 2020[6]. - The gross profit margin for the digital printing materials industry was 17.71%, reflecting a decrease of 6.28% from the previous year[48]. - The company achieved a revenue of 1.76 billion RMB in 2021, representing a year-on-year increase of 40.28%[43]. - Net profit for the year was 61.66 million RMB, a decrease of 35.64% compared to the previous year[43]. Market and Competition - The digital printing materials industry is experiencing intensified competition, particularly from international leaders like 3M and Avery, which possess advantages in technology and market share[4]. - The company is actively exploring market expansion opportunities both domestically and internationally to increase its market share[4]. - The automotive paint protection film market is experiencing significant growth, with a low penetration rate of 1.6% in 2015 and 2.7% in 2016 for high-end vehicles, indicating substantial market potential[30]. - The company has identified opportunities in the automotive protection film market, particularly with the rise of new energy vehicles and increasing consumer demand for vehicle aesthetics and safety[30]. - The domestic market contributed 63.92% of total revenue, while international sales accounted for 36.08%, with a 55.85% increase in foreign sales[46]. - The company has established a comprehensive marketing service network with over 200 regional agents, enhancing market reach and brand influence[40]. Research and Development - The company has a strong focus on R&D for new products and technologies to enhance its market position and competitiveness[4]. - The company is focusing on expanding its product offerings in precision coating new film materials and digital ink industries, which are expected to drive future growth[29]. - The company has applied for 4 invention patents and 10 utility model patents during the reporting period, with a total of 38 invention patents and 95 utility model patents authorized by the end of 2021[37]. - Research and development expenses increased by 43.54% to ¥85,618,854.67 in 2021, up from ¥59,648,287.07 in 2020, due to increased investment in new product development[56]. - The company is developing fuel cell membrane electrode technology, which is crucial for hydrogen energy applications, and is currently in the testing phase[36]. - The company is focusing on developing specialized inks for various printhead technologies to enhance market competitiveness and meet customer demands[63]. Operational Efficiency - The company implemented an ERP management system to improve operational efficiency across sales, procurement, and inventory management[42]. - The company has a significant production capacity in digital printing materials and automotive protective films, maintaining a leading market position with continuous expansion of competitive advantages[38]. - The company has completed the development of a composite body wrap that addresses environmental issues and improves product quality, which is expected to enhance market competitiveness[57]. - The company has optimized construction projects to enhance manufacturing capacity and market share, resulting in savings on project costs[79]. Corporate Governance - The company has established a transparent information disclosure system, ensuring timely and accurate communication with investors[105]. - The company maintains complete independence in assets, personnel, finance, and operations, with no shared bank accounts or asset occupation by shareholders[107][108][109]. - The company has established a comprehensive corporate governance structure and internal control system to ensure fair treatment of all shareholders[155]. - The company has implemented a "people-oriented" corporate culture, providing extensive training and development opportunities for employees to enhance overall quality[156]. - The company has established a worker assistance fund to support employees in need[156]. Future Outlook - Future outlook includes a projected revenue growth of 15% for 2022, driven by new product launches and market expansion strategies[99]. - The company is actively pursuing market expansion, targeting an increase in its presence in Southeast Asia, with plans to open 50 new retail locations by the end of 2022[164]. - The company plans to achieve sales of 8 million yuan from the development of Epson S3200 printhead sublimation ink, with an annual profit increase of 500,000 yuan and the creation of 4 new jobs[59]. - The company aims to expand its market presence in digital printing materials, automotive protective films, and hydrogen energy sectors, focusing on creating a better living environment and contributing to low-carbon, green living[90]. Risk Management - The company faces risks from raw material price fluctuations, with key materials like PVC film and resin significantly impacting production costs[4]. - The company is exposed to exchange rate fluctuations, which can affect the pricing competitiveness of its export products and lead to potential foreign exchange losses[5]. - The company has implemented a robust strategy for risk management, focusing on minimizing potential financial liabilities and ensuring sustainable growth[165]. Shareholder Relations - The company aims to strengthen investor relations by establishing a systematic communication mechanism to enhance transparency and foster long-term partnerships with investors[95]. - The company held multiple investor relations activities throughout 2021, focusing on overall operational performance and future development plans[97]. - The company reported a total of 70,419,300 shares held by directors and senior management at the end of the reporting period, with an increase of 399,500 shares during the period[112].