伟隆股份(002871) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 415,162,743.70, representing a 20.48% increase compared to CNY 344,590,024.63 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 60,993,488.79, a 5.22% increase from CNY 57,968,093.00 in 2020[18]. - The net profit after deducting non-recurring gains and losses was CNY 46,847,689.25, which is a 10.40% increase from CNY 42,433,709.05 in 2020[18]. - The basic earnings per share for 2021 was CNY 0.36, up 5.88% from CNY 0.34 in 2020[18]. - The total assets at the end of 2021 were CNY 889,880,540.36, reflecting a 2.32% increase from CNY 869,664,922.77 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 2.60% to CNY 645,978,604.56 at the end of 2021 from CNY 663,232,732.54 at the end of 2020[18]. - The net cash flow from operating activities for 2021 was CNY 11,387,329.51, a significant decrease of 87.34% compared to CNY 89,946,129.75 in 2020[18]. - The weighted average return on equity for 2021 was 9.36%, an increase from 8.50% in 2020[18]. Revenue Breakdown - The main business revenue accounted for ¥411,754,090.08, which is 99.18% of total revenue, with a year-on-year growth of 19.92%[49]. - Valve sales generated ¥324,499,289.09, making up 78.16% of total revenue, with a growth of 17.54% from ¥276,069,311.82 in 2020[50]. - Export revenue reached ¥312,752,607.27, accounting for 75.33% of total revenue, with a year-on-year increase of 13.30%[50]. Cash Flow and Investments - The total cash inflow from operating activities in 2021 was approximately CNY 420.99 million, an increase of 4.19% compared to CNY 404.08 million in 2020[62]. - The net cash flow from operating activities decreased by 87.34% to CNY 11.39 million in 2021 from CNY 89.95 million in 2020, primarily due to higher cash outflows[62]. - The total cash inflow from investment activities decreased by 36.11% to CNY 472.52 million in 2021, down from CNY 739.61 million in 2020[62]. - The net cash flow from financing activities showed a significant decline of 2,941.49%, resulting in a net outflow of CNY 63.92 million in 2021 compared to a net outflow of CNY 2.10 million in 2020[62]. Market Expansion and Product Development - The company has expanded its market presence across over 50 countries and regions, enhancing its brand influence and customer base globally[30]. - The company is actively engaged in R&D for new products, particularly in the firefighting and water supply sectors, leveraging advanced technologies to enhance product performance[30]. - The company significantly increased its sales in the automotive and agricultural machinery parts sector, with sales revenue rising from 20 million RMB in 2020 to over 36 million RMB in 2021, reflecting an 80% growth[32]. - New product development led to 15 certifications, including FM/UL/WRAS, with the fire pressure reducing valve being the first in China to receive UL certification[84]. Quality Management and Certifications - The company has implemented a rigorous quality management system, with its subsidiary obtaining CMA and CNAS certifications, ensuring high product quality and compliance with international standards[31]. - The company has established a comprehensive quality tracking system from raw material procurement to after-sales service, ensuring product reliability and customer satisfaction[31]. Research and Development - The company has 39 patents, including 2 domestic invention patents, showcasing its strong R&D capabilities[42]. - Research and development expenses increased by 13.93% to ¥24,196,054.32, constituting 5.83% of the operating income[60]. - The number of R&D personnel increased by 43.33% to 86, with R&D personnel now making up 11.75% of the total workforce[60]. Risk Management - The company has outlined potential risks and countermeasures in its future development outlook section[4]. - The company faces risks related to market competition, particularly in the domestic valve market, which has over 2,000 competing enterprises[74]. - The company’s main raw material costs accounted for 60%-70% of its main business costs, with significant price increases in steel and non-ferrous metals observed in 2021[74]. Shareholder and Management Information - The company plans to distribute a cash dividend of CNY 3.50 per 10 shares, based on a total share base of 168,605,022 shares[4]. - The total cash dividend, including other methods, amounted to 89,011,607.70 yuan, representing 100% of the profit distribution total[121]. - The company has implemented a restricted stock incentive plan for 2021, which was approved by the remuneration and assessment committee[114]. - The total shares held by the chairman, Fan Qingwei, increased from 69,389,900 to 97,235,355 shares, reflecting a change of 40.1% due to dividend distribution and capital increase[92]. Internal Control and Compliance - The company maintained effective internal control over financial reporting, with no significant deficiencies identified as of the evaluation report date[135]. - The internal control evaluation covered all major units and business areas, ensuring comprehensive oversight of financial reporting, procurement, sales, and strategic development[136]. - The company has not faced any penalties from securities regulatory authorities in the past three years for its directors and supervisors[107]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, having passed environmental management and occupational health safety certifications[151]. - The company has not faced any significant environmental penalties during the reporting period and is not classified as a key pollutant discharge unit[150].