Lucky Harvest(SZ:002965)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,370,773,425.38, representing a 28.89% increase compared to ¥1,839,381,953.23 in 2020[33]. - The net profit attributable to shareholders for 2021 was ¥64,083,384.04, a decrease of 60.34% from ¥161,600,938.61 in 2020[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,487,408.55, down 74.78% from ¥140,698,392.22 in 2020[33]. - The net cash flow from operating activities was -¥14,392,253.22, a decline of 112.03% compared to ¥119,669,915.10 in 2020[33]. - The total assets at the end of 2021 were ¥3,872,187,518.28, an increase of 17.49% from ¥3,295,723,984.48 at the end of 2020[33]. - The weighted average return on net assets for 2021 was 3.41%, down from 9.67% in 2020[33]. - The company reported a negative cash flow from operating activities of -1,439.23 million yuan, a decrease of 112.03% year-on-year[86]. - The company's total assets reached 387,218.75 million yuan at the end of the reporting period, reflecting a year-on-year increase of 17.49%[86]. Dividends and Share Structure - The company reported a cash dividend of 1.26 RMB per 10 shares, based on a total share capital of 153,472,645 shares as of April 20, 2022[8]. - The company has a total of 153,472,645 shares outstanding, reflecting its capital structure[8]. Business Operations and Structure - The company has not changed its main business since its listing, indicating stability in its operations[31]. - The company has a total of 100% owned subsidiaries, including Dongguan Junxin and Tianjin Xiangxin, which contribute to its operational capacity[22]. - The company has maintained its organizational structure code as 9144190076291807XU since its establishment[31]. - The company has established production bases in multiple locations including Dongguan, Guangzhou, and Tianjin, with a new base under construction in Mexico to better serve North American automotive clients[85]. Market and Industry Trends - The automotive parts and accessories manufacturing industry saw a 3.4% increase in production and a 3.8% increase in sales in 2021, ending a three-year decline[46]. - The market share of new energy vehicles reached 13.4% in 2021, reflecting a significant growth of 8 percentage points compared to the previous year[47]. - The revenue share from products related to new energy vehicles increased from 22.73% in 2020 to 38.32% in 2021[55]. Research and Development - Research and development expenses increased by 25.53% to 95,510,580.10 yuan in 2021, reflecting the company's commitment to enhancing R&D investment[104]. - The number of R&D personnel rose by 20.50% to 288, with a notable increase in the proportion of personnel holding master's degrees[110]. - The company is in the mass production stage for multiple R&D projects aimed at enhancing production efficiency and expanding its core competitiveness in the automotive sector[107]. Risk Management - The company emphasizes the importance of risk awareness in its future plans and development strategies, highlighting potential risk factors[8]. - The company acknowledges risks related to macroeconomic fluctuations, market competition, and raw material price volatility, which could adversely affect its operational performance[167][168][173]. - The company faces risks related to insufficient technological innovation capabilities, which may lead to technological lag and decreased competitiveness if it fails to meet market demand changes[174]. Investor Relations and Governance - The company is committed to enhancing investor relations through improved communication and transparency, utilizing various platforms to engage with stakeholders[166]. - The company has conducted multiple investor relations activities, including five shareholder meetings during the reporting period, ensuring equal rights for all shareholders[187]. - The company maintains a strict information disclosure policy, ensuring timely and accurate communication with shareholders[191]. - The governance status of the company aligns with legal and regulatory requirements, with no significant discrepancies[193]. Financial Management and Investments - The company has allocated RMB 10,800 million for working capital, achieving a utilization rate of 99.68%[140]. - The company has approved the use of up to RMB 2 billion of idle raised funds for temporary working capital, with a usage period not exceeding 12 months[144]. - The company reported a total investment of RMB 46,558.53 million in committed investment projects as of the end of the reporting period[140].