智能自控(002877) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 734,201,513.08, representing a 33.07% increase compared to CNY 551,724,703.77 in 2020[19] - The net profit attributable to shareholders for 2021 was CNY 63,272,991.40, which is a 10.84% increase from CNY 57,084,304.45 in 2020[19] - The net profit after deducting non-recurring gains and losses was CNY 60,898,444.30, up 11.58% from CNY 54,578,231.14 in the previous year[19] - The basic earnings per share for 2021 was CNY 0.19, an increase of 11.76% compared to CNY 0.17 in 2020[19] - The total assets at the end of 2021 were CNY 1,730,688,480.63, reflecting an 18.70% increase from CNY 1,458,062,614.15 at the end of 2020[19] - The net assets attributable to shareholders at the end of 2021 were CNY 828,279,296.89, a 6.29% increase from CNY 779,296,919.61 in 2020[19] - The company reported a net cash flow from operating activities of CNY -41,269,894.63, an improvement of 14.53% from CNY -48,288,055.52 in 2020[19] - The weighted average return on net assets for 2021 was 7.71%, slightly up from 7.45% in 2020[19] Revenue Breakdown - Control valves accounted for 87.43% of total revenue, with sales amounting to CNY 641.87 million, reflecting a 36.77% increase year-on-year[39] - The East China region contributed 80.80% of total revenue, with a significant year-on-year growth of 57.34%[39] - In 2021, the company's total revenue for the four quarters was approximately CNY 734 million, with Q4 revenue reaching CNY 199 million, marking a steady increase[23] Market and Product Development - The control valve market is expected to grow steadily due to increased investments in sectors like petrochemicals and energy, driven by national policies on carbon neutrality[27] - The company focuses on high-end control valve products, aiming to replace imported products in the domestic market, which presents significant growth opportunities[28] - The company is developing several new products, including the R1 series high-frequency control ball valve and P series multi-stage pressure regulating valve, aimed at enhancing market competitiveness[52][53] Employee Engagement and Management - The company has initiated an employee stock ownership plan, repurchasing 1,762,000 shares to enhance employee engagement and core competitiveness[32] - The company has been actively improving employee treatment and performance assessment to enhance human resource management[83] - The company implemented salary adjustments in March and August 2021, with a coverage rate exceeding 90%[117] Governance and Compliance - The company has maintained compliance with corporate governance standards, holding three shareholder meetings and ten board meetings during the reporting period[89][90] - The internal audit department has been actively evaluating the effectiveness of internal controls and conducting audits on economic benefits and major contracts[91] - There are no reported instances of fund occupation by controlling shareholders or related parties, ensuring financial integrity[92] Environmental Responsibility - The company has implemented strict environmental protection measures, ensuring that all pollutants meet national and local emission standards, with no environmental violations reported during the year[144] - The company has developed an emergency response plan for environmental incidents, ensuring effective handling of potential environmental risks[138] - The company conducts regular environmental monitoring through qualified third-party agencies to ensure compliance with water, air, and noise emission standards[139] Financial Management - The company reported a significant increase in financing activities, with cash inflow and outflow both rising significantly due to increased credit financing needs[58] - The company’s financial expenses surged by 149.82% to 10,074,934.26 CNY, primarily due to interest expenses from convertible bonds[51] - The company has a zero balance in its fundraising special account as of December 31, 2021, having completed the account closure procedures[75] Shareholder Information - The total number of shareholders was 17,539, with significant shareholders holding over 5% of shares[181] - The largest shareholder, Shen Jianbiao, holds 37.48% of the shares, amounting to 124,616,800 shares, with 31,154,200 shares pledged[181] - The company plans to repurchase shares with a total amount not less than RMB 10 million and not exceeding RMB 20 million, with a maximum repurchase price of RMB 12.57 per share[185] Research and Development - The company holds 53 invention patents, 98 utility model patents, and 15 design patents, showcasing its commitment to innovation[34] - Research and development expenses increased by 25.42% to 27,829,442.78 CNY, accounting for 3.79% of total revenue[55] - The company has successfully developed multiple national invention and utility model patents, including the "Y-type direct connection jacket gas valve" and "multi-turn pneumatic actuator" which have been applied in various domestic installations[99]