JOINTAS(SZ:002909)2022-03-25 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[18]. - The company's operating revenue for 2021 was ¥1,675,539,898.37, representing a 33.12% increase compared to ¥1,258,711,606.33 in 2020[23]. - The net profit attributable to shareholders for 2021 was ¥50,689,231.18, a decrease of 54.64% from ¥111,751,115.89 in 2020[23]. - The net cash flow from operating activities was negative at ¥3,030,182.37, a decline of 101.57% compared to ¥193,576,326.86 in 2020[23]. - Basic earnings per share for 2021 were ¥0.136, down 60.23% from ¥0.342 in 2020[23]. - The company's weighted average return on equity for 2021 was 5.85%, down 14.44% from 20.29% in 2020[23]. - The company reported a net profit of ¥24,893,977.85 in Q4 2021, which was the highest quarterly profit for the year[28]. - The company received government subsidies amounting to ¥9,821,769.12 in 2021, compared to ¥5,075,681.21 in 2020[30]. Market Expansion and Strategy - Future outlook includes a projected revenue growth of 10% for 2022, driven by market expansion strategies[18]. - The company aims to enter two new international markets by the end of 2022, targeting a 5% increase in overall market share[18]. - The company is exploring potential acquisitions to enhance its market presence and product offerings[18]. - The company is actively expanding into new markets such as steel structure manufacturing, mechanical equipment, and new energy vehicles[72]. - The company is pursuing new business opportunities in emerging fields such as new energy and 5G communications, with a focus on upgrading production capacity in electronic adhesives and photovoltaic adhesives[85]. - The company aims to enhance its market presence through strategic partnerships and product innovation, focusing on expanding its footprint in the construction and manufacturing sectors[65]. Research and Development - The company has invested RMB 200 million in R&D for new product development, focusing on eco-friendly materials[18]. - R&D expenses for the company reached 69.2192 million yuan in 2021, reflecting a year-on-year increase of 30.72%[94]. - The company has applied for 218 patents, with 109 currently authorized and maintained as effective patents[94]. - The company has established a strong R&D team with 157 personnel, including 5 PhDs and 37 Masters, focusing on new product development and technology innovation[93]. - The company emphasizes R&D in new products and technologies, focusing on customized solutions for global clients[43]. - The company is committed to enhancing its research and development capabilities to maintain a competitive edge in the chemical industry[143]. Product Development and Innovation - The company is a leading manufacturer of environmentally friendly sealants and coatings, with the largest annual production capacity of sealants in China[43]. - The main product categories include construction sealants, container sealants, automotive and marine sealants, and home decoration adhesives[44]. - The company has developed over 50 sales service outlets and specialized distribution channels, continuously expanding its marketing network[78]. - The company has successfully launched a new production line for photovoltaic adhesive with an annual capacity of 28,800 tons, which commenced operations in Guangzhou in 2021[87]. - The company has developed water-based anti-corrosion coatings and fireproof sealants, which are now in the application phase, indicating a strong commitment to innovation[141]. - The company is expanding its product line with new formulations for water-based epoxy coatings and solvent-free epoxy anti-corrosion coatings, targeting diverse market needs[143]. Sustainability and Environmental Responsibility - The company emphasizes the importance of continuous innovation and employee development to sustain competitive advantage[18]. - The company has successfully reduced VOC emissions by over 40,000 tons through its water-based paint products over the past decade[191]. - The company is focused on green manufacturing and operations, aligning with national "dual carbon" goals and promoting sustainable practices[196]. - The company reported a significant focus on water-based coatings, highlighting their environmental benefits such as reduced VOC emissions and improved safety during application[51]. - The company is committed to maintaining stable growth in traditional sectors while actively pursuing opportunities in emerging fields such as new energy adhesives and 5G communications[185]. Financial Outlook - In 2022, the company aims to achieve a revenue of 2 billion yuan, representing a year-on-year growth of 20%, and a net profit of 150 million yuan, reflecting a year-on-year increase of 196%[186]. - The company plans to focus on green construction, new energy industries, and the green industrial chain, aligning with the government's carbon peak and carbon neutrality goals by 2030 and 2060 respectively[185]. - The company aims for a compound annual growth rate of 15%-25% in overall main business revenue over the next three years[196]. Operational Efficiency - The production model is based on "sales-driven production" combined with safety stock, allowing for flexibility in response to market demand[67]. - The company has established a stable supply chain with multiple suppliers for key raw materials, ensuring quality and risk management in procurement[66]. - The procurement model for major raw materials includes a combination of "sales-driven production" and "safety stock," with the average price of dimethyl silicone oil increasing from CNY 25.28 to CNY 32.62 per kilogram from the first half to the second half of the year[99]. - The company has implemented a comprehensive supplier evaluation system to ensure the reliability and quality of raw materials[66]. Partnerships and Collaborations - The company has established long-term partnerships with over 90% of the top 100 real estate companies in China, solidifying its leading position in the door and window curtain wall sector[78]. - The company has formed partnerships with major brands in the ceramic industry and top real estate companies to promote new technologies and eco-friendly products[88]. - The company has established strategic partnerships with leading container manufacturers, solidifying its position in the container market[75]. - The company has established partnerships with universities for talent development, including establishing a joint graduate training base with Guangdong University of Technology[112].