Envicool(SZ:002837)2022-04-25 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,228,220,907.71, representing a 30.82% increase compared to ¥1,703,335,763.28 in 2020[29]. - The net profit attributable to shareholders for 2021 was ¥205,047,595.71, which is a 12.86% increase from ¥181,682,137.28 in 2020[29]. - The net cash flow from operating activities reached ¥180,279,609.85, a significant increase of 1,750.91% compared to ¥9,740,057.33 in 2020[29]. - The total assets at the end of 2021 were ¥3,456,406,539.62, marking a 22.49% increase from ¥2,821,848,629.39 at the end of 2020[29]. - The net assets attributable to shareholders increased by 32.26% to ¥1,856,990,566.38 at the end of 2021, up from ¥1,404,036,166.74 at the end of 2020[29]. - The company achieved a revenue of 2,228.22 million yuan, representing a year-on-year growth of 30.82%[69]. - The net profit attributable to shareholders reached 205.05 million yuan, an increase of 12.86% compared to the previous year[69]. - The revenue from precision temperature control energy-saving products accounted for 100% of total operating revenue, with a total of ¥2,228,220,907.71, up 30.82% year-on-year[70]. - Revenue from domestic sales was ¥1,948,709,309.34, making up 87.46% of total revenue, with a year-on-year growth of 20.28%[70]. - Revenue from overseas sales surged to ¥279,511,598.37, a significant increase of 235.82% from ¥83,232,285.36 in 2020[70]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.80 RMB per 10 shares (including tax) to all shareholders, based on a total of 334,305,562 shares[6]. - The annual shareholders meeting had a participation rate of 46.38% on May 18, 2021, and 48.72% on November 26, 2021[158]. - The total number of shares held by the chairman and general manager, Qi Yong, remained at 19,956,990 shares[159]. - The total number of shares held by the company's directors and senior management at the end of the reporting period was 85,052,640 shares, with a reduction of 3,397,000 shares during the period[163]. - The board of directors approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders[181]. Governance and Management - The company emphasizes the importance of accurate financial reporting, with key personnel confirming the integrity of the annual report[5]. - The company’s board of directors and supervisory board have all attended the meeting to review the annual report, reflecting strong governance practices[6]. - The company has established a governance structure that complies with relevant regulations, ensuring no unresolved governance issues exist[146]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal requirements for composition[147]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finances, ensuring no fund occupation occurs[148]. - The company has an independent financial department and accounting system, making autonomous financial decisions without interference from the controlling shareholder[154]. - The company has established specialized committees within the board to oversee strategic development, auditing, nominations, and compensation[147]. - The company has committed to maintaining a balance of interests among stakeholders, promoting sustainable and healthy development[150]. - The company has made significant changes in its board and management structure, including the appointment of new independent directors and supervisors[167]. Research and Development - The company has maintained a focus on R&D investments to meet the increasing energy efficiency requirements in the data center industry[42]. - The company has established a comprehensive R&D system for thermal management and environmental control, continuously launching new products and solutions[58]. - The company holds 86 software copyrights and 616 patents, including 42 invention patents[60]. - The company’s R&D investment amounted to ¥150,124,947.02 in 2021, representing a 29.93% increase from ¥115,544,766.60 in 2020[88]. - The number of R&D personnel increased to 909 in 2021, up 6.57% from 853 in 2020[86]. - Research and development expenses rose by 29.93% to ¥150,124,947.02 in 2021, up from ¥115,544,766.60 in 2020[82]. Market Position and Strategy - The company is actively promoting energy-efficient products and solutions in various sectors, including data centers and electric vehicle charging stations, aligning with the themes of "new infrastructure" and "carbon neutrality"[42]. - The company is positioned to benefit from the growing demand for electric vehicles and related cooling products, driven by the electrification of public transport and logistics[47]. - The company aims to lead the industry with new technologies such as the next-generation modular air conditioning systems and independent battery thermal management systems[87]. - The company plans to expand its product offerings in energy storage and electric vehicle cooling solutions, while optimizing costs to enhance competitiveness and profitability[126]. - The company is actively pursuing new business opportunities in health air environment control for both commercial and residential sectors[126]. - The company is planning to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[141]. Risks and Challenges - The company faces risks from intensified market competition, which could impact its ability to maintain technological and product leadership[129]. - There is a risk related to the unfavorable development of new business expansions, which could lead to mismatched input-output ratios affecting operational performance[129]. - The company is at risk of losing key talent due to increasing competition for industry professionals, which could adversely affect long-term development[130]. - Changes in national industrial policies could impact the company's operations in sectors like big data, cloud computing, and new energy vehicles[131]. Investor Relations - The company has a dedicated investor relations team to manage communications and maintain good relationships with stakeholders[149]. - The company actively engages with investors through various communication channels, enhancing transparency and investor relations[149]. - The company has implemented a network voting system for shareholders, ensuring equal rights for minority shareholders[146]. Subsidiaries and Operational Structure - The company has a total of 9 subsidiaries, including fully owned and controlling subsidiaries, indicating a diversified operational structure[21]. - The company has not disclosed any significant changes in its controlling shareholders since its establishment, suggesting stability in ownership[27]. - The company has not reported any changes in the status of directors, supervisors, or senior management during the reporting period[162].