IMPULSE(SZ:002899)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥864.39 million, a decrease of 0.41% compared to ¥867.98 million in 2020[23]. - The net profit attributable to shareholders for 2021 was approximately ¥17.43 million, representing a significant decline of 55.94% from ¥39.56 million in 2020[23]. - The net cash flow from operating activities decreased by 45.19% to approximately ¥62.20 million in 2021, down from ¥113.48 million in 2020[23]. - Basic earnings per share for 2021 were ¥0.15, a decrease of 54.55% compared to ¥0.33 in 2020[23]. - The total assets at the end of 2021 increased by 30.51% to approximately ¥1.78 billion, compared to ¥1.36 billion at the end of 2020[23]. - The weighted average return on net assets for 2021 was 1.60%, down from 3.72% in 2020[23]. - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[176]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year, representing a 15% increase year-over-year[161]. Market and Product Development - The fitness equipment market in China has a penetration rate of only 3.9%, indicating significant growth potential compared to the U.S. market's 20.3%[34]. - The company aims to leverage the growing demand for fitness equipment driven by increased health consciousness post-COVID-19[34]. - The company has expanded its product lines, including the introduction of smart fitness equipment and customized services for commercial clubs[46]. - New products launched include smart boxing bags, chain rowing machines, and functional training racks, which have received positive industry attention[46]. - The company launched a new home fitness brand "WeSwag" in 2021, targeting entry-level fitness enthusiasts with a product line including treadmills, exercise bikes, and rowing machines[47]. - The company is actively exploring e-commerce channels to attract a wider customer base[43]. - The company plans to actively develop the overseas home product market, with new production lines expected to significantly increase capacity[125]. - The company is exploring potential acquisitions to enhance its product portfolio and market presence[161]. Sales and Revenue Trends - In 2021, the company's total revenue for the four quarters was approximately ¥864 million, with the highest revenue in Q4 at ¥236.64 million[27]. - The net profit attributable to shareholders was negative in Q4, amounting to -¥10.69 million, while the total net profit for the year was negative[27]. - Revenue from sports fitness product sales was ¥862,152,150.14, accounting for 99.74% of total revenue, with a year-on-year decrease of 0.36%[76]. - Domestic sales revenue increased by 32.60% to ¥298,152,720.18, driven by higher sales of outdoor and other products[77]. - The company's foreign sales revenue was ¥566,241,975.99, representing 65.51% of total revenue, but decreased by 11.96% from the previous year[76]. Research and Development - The company invested a total of 46.6055 million yuan in R&D during the reporting period, focusing on product development and upgrades to meet market demands[58]. - The company completed the R&D of the HSP-PRO001 dual-arm multifunctional trainer and HSP-PRO002 single-rail multifunctional trainer, with performance metrics surpassing international brands[58]. - The company is developing a pneumatic resistance training device aimed at achieving domestic and international leading performance levels[88]. - The company invested 200 million RMB in R&D for new technologies over the next two years[161]. Governance and Management - The company has a complete financial accounting system and does not share bank accounts with its controlling shareholders[147]. - The company has established a fair and transparent performance evaluation and incentive mechanism for its directors, supervisors, and senior management, promoting sustainable and rapid development[143]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[146]. - The company has a robust governance structure that complies with relevant laws and regulations, with no significant discrepancies noted[145]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[196]. - The total emissions of particulate matter were reported at 1.95 tons per annum, with a concentration of 4.16 mg/m3[196]. - The company strictly adheres to national environmental protection regulations, with pollution prevention facilities operating normally and meeting discharge standards in 2021[197]. - There were no administrative penalties related to environmental issues during the reporting period, indicating effective compliance measures[199]. Employee Welfare and Engagement - Employee welfare is prioritized, with the company providing social insurance, improving working conditions, and offering training opportunities to enhance skills[200]. - The company has established a comprehensive training system based on ISO10015, enhancing employee skills and professional quality[183]. - Regular employee engagement activities, such as sports events and team outings, are organized to foster a harmonious workplace atmosphere[200].