SENSSUN(SZ:002870)2022-04-25 16:00Financial Performance - The company reported a total revenue of approximately CNY 4.89 billion in 2021, representing a 400.66% increase compared to CNY 976.73 million in 2020[57]. - The net profit attributable to shareholders reached CNY 1.25 billion, a 67% increase year-on-year, with a non-recurring net profit of CNY 1.52 billion, up 111% from the previous year[55]. - The company's operating revenue for 2021 reached ¥4,890,166,124.24, a significant increase of 400.66% compared to ¥976,734,513.36 in 2020[21]. - The net profit attributable to shareholders decreased by 33.28% to ¥50,096,106.94 from ¥75,083,178.62 in the previous year[21]. - The company achieved a total revenue of 71,936.1 million CNY for the year 2021, with a net profit of 17,984.0 million CNY, indicating a strong financial performance[128]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year, representing a growth of 15% compared to the previous year[182]. - The company reported a significant increase in revenue for 2021, reaching a total of 1.5 billion RMB, representing a year-over-year growth of 20%[189]. Market Expansion and Strategy - The company is focused on expanding its market presence in the automotive sector, particularly in electric vehicle charging solutions[19]. - The company plans to expand its new energy charging and distribution systems, focusing on improving customer satisfaction and market share in Europe and North America[102]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[186]. - The company plans to strengthen its internal management and team building to promote long-term stable development, including optimizing cost structures and enhancing market competitiveness[103]. - The company aims to enhance its global market presence and international management despite challenges from international conflicts and ongoing pandemics[103]. - The company is focused on expanding its charging station business and enhancing market outreach efforts[112]. Research and Development - The company invests at least 6% of its annual output value in research and development, with a focus on advanced manufacturing technologies[47]. - The company has established a comprehensive R&D team for its automotive parts business, focusing on product quality, cost, and time management[38]. - The company reported a significant increase in R&D expenses, which rose by 489.87% to CNY 235,175,325.10[72]. - Investment in R&D increased by 30%, focusing on the development of new technologies and products to enhance competitive advantage[192]. - The company is investing 100 million RMB in research and development for new technologies in the automotive safety sector[182]. Corporate Governance - The company emphasizes compliance with corporate governance standards and has held five shareholder meetings during the reporting period to ensure transparency and shareholder rights[115]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, linking employee performance to company benefits[118]. - The company has committed to maintaining high standards of corporate governance with the appointment of qualified independent directors[136]. - The company has a complete and independent financial management system, with no interference from the controlling shareholder in financial decisions[121]. - The company has implemented a flat management structure to improve decision-making processes and enhance operational efficiency[109]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies[4]. - The company faces risks from currency fluctuations, which may impact its performance, and plans to implement foreign exchange hedging strategies to mitigate these risks[107]. - The automotive parts business is significantly influenced by macroeconomic conditions, with risks related to order reductions and inventory accumulation during economic downturns[106]. - The company is committed to enhancing its internal management capabilities to address complexities arising from the merger with Junsheng Group, focusing on organizational culture and operational control[109]. Employee Management - The company has established a salary system based on positions and skills, implementing a performance-oriented reward system to enhance employee welfare[159]. - The total number of employees at the end of the reporting period was 6,130, with 4,782 in production, 182 in sales, and 790 in technical roles[157]. - The company emphasizes employee training across various content areas to improve overall professional skills and meet employee development needs[160]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[164]. Environmental and Social Responsibility - The company has implemented a comprehensive environmental management system, including IECQ-QC080000 and ISO14001 certifications, to ensure compliance with environmental laws and regulations[176]. - The company actively engages in social responsibility initiatives, including charitable donations and community support activities[177]. - The company has maintained a harmonious labor relationship by providing comprehensive social insurance benefits and conducting regular employee satisfaction surveys[175]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[174]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[184]. - The company aims to launch three new products in 2022, which are expected to contribute an additional 200 million RMB in revenue[191]. - The company plans to optimize its governance structure post-transaction completion to ensure compliance with relevant laws and regulations[198]. - The company aims to enhance operational efficiency and strengthen its sustainable operating capabilities through improved internal controls and management systems[197].