弘宇股份(002890) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was approximately ¥410.20 million, representing a 0.96% increase compared to ¥406.28 million in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately ¥24.74 million, reflecting a 5.66% increase from ¥23.42 million in 2020[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥20.92 million, an increase of 11.20% from ¥18.81 million in 2020[17]. - The basic earnings per share for 2021 was ¥0.27, an increase of 8.00% compared to ¥0.25 in 2020[17]. - In 2021, the company achieved operating revenue of CNY 410.20 million, a year-on-year increase of 0.96%, and a net profit attributable to shareholders of CNY 24.75 million, up 5.66% from the previous year[37]. - The total operating revenue for 2021 was CNY 410,196,044.99, a slight increase from CNY 406,275,564.89 in 2020, representing a growth of approximately 0.45%[197]. - The net profit for 2021 reached CNY 24,744,964.45, up from CNY 23,419,933.84 in 2020, reflecting an increase of approximately 5.64%[199]. - The gross profit margin for 2021 was approximately 6.5%, calculated from the difference between total revenue and total costs[197]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly to approximately ¥4.08 million, down 92.29% from ¥52.89 million in 2020[17]. - The company reported a net cash flow from operating activities of 33.632 million yuan in Q4, following a negative cash flow in the first three quarters[21]. - The total assets at the end of 2021 were approximately ¥711.29 million, an increase of 8.72% from ¥654.26 million at the end of 2020[17]. - The net cash flow from operating activities decreased by 92.29% to ¥4,076,472.26, primarily due to a reduction in cash received from sales[51]. - The total amount of cash and cash equivalents increased by 202.34% to ¥71,810,597.36, attributed to a reduction in financial products and an increase in bank deposits[51]. - As of the end of 2021, cash and cash equivalents increased to ¥149,940,220.3, representing 21.08% of total assets, up from 13.47% at the beginning of the year, a change of 7.61% attributed to the recovery of investment financial products[57]. - The accounts receivable balance at the end of the period was CNY 120,068,690.85, with a provision for credit impairment of CNY 4,021,569.40, accounting for 16.88% of total assets[180]. Research and Development - The company holds 32 utility model patents, 4 design patents, and 7 invention patents, showcasing its strong R&D capabilities in hydraulic lifting devices for tractors[32]. - The company has developed a second-generation electric control lifter prototype in collaboration with Bosch Rexroth, which received positive feedback at the Qingdao Agricultural Machinery Exhibition[32]. - Research and development expenses increased by 10.10% to ¥13,752,655.22, accounting for 3.35% of operating revenue[50]. - The company maintained 69 R&D personnel, with a proportion of 9.94% of total employees[49]. Market Position and Challenges - The company is recognized as a leading enterprise in the hydraulic lifting device market for tractors, actively participating in the drafting of industry standards[32]. - The company faced challenges due to rising prices of raw materials but managed to maintain growth in revenue and profit[28]. - The agricultural machinery industry in China showed resilience and growth despite global challenges, with strong demand for tractors[27]. - The company emphasizes the importance of transforming agricultural management methods to enhance competitiveness and increase farmer income[30]. Governance and Shareholder Information - The company held 7 board meetings and 3 shareholder meetings during the year, ensuring transparency and effective governance[76]. - The company’s governance practices comply with relevant laws and regulations, with independent directors actively fulfilling their responsibilities[75]. - The total shares held by the chairman and general manager, Liu Qiujie, increased from 1,997,856 to 2,796,990 shares during the reporting period[79]. - The company has maintained complete independence from its controlling shareholders in terms of assets, personnel, finance, and business operations[77]. - The company reported no changes in the positions of directors, supervisors, and senior management during the reporting period[80]. Employee and Social Responsibility - The total number of employees at the end of the reporting period is 694, with 690 from the parent company and 4 from major subsidiaries[97]. - The company has signed labor contracts with employees and provides social insurance, including basic medical and pension insurance[117]. - The company has been recognized as an A-level taxpayer and a model enterprise for fulfilling social responsibilities in Shandong Province[118]. Financial Management and Internal Controls - The company has implemented a comprehensive internal control system, ensuring effective financial reporting and compliance with regulations[106]. - There were no significant defects identified in the internal control over financial reporting during the evaluation period[107]. - The company’s financial management practices are guided by its internal regulations, ensuring transparency and accountability in remuneration decisions[87]. Future Plans and Investments - The company plans to use up to ¥180 million of idle raised funds for cash management, ensuring it does not affect the normal use of the raised funds[65]. - The company has committed a total investment of CNY 17,245.06 million for the hydraulic lifting device project, with no progress made during the reporting period[67]. - The company plans to acquire 100% equity of Beijing Bokesen Media Technology Co., Ltd. through asset replacement and share issuance, which is expected to constitute a major asset restructuring as per regulations[149].