HUAFA(SZ:200020)2022-08-22 16:00Financial Performance - The company's operating revenue for 2021 was ¥765,611,248.70, representing a 10.68% increase compared to ¥691,742,269.12 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥7,201,902.02, up 5.44% from ¥6,830,187.40 in the previous year[18]. - The net profit after deducting non-recurring gains and losses increased by 55.47% to ¥6,379,384.96 from ¥4,103,393.55 in 2020[18]. - The basic earnings per share for 2021 were ¥0.0254, a 5.39% increase from ¥0.0241 in 2020[18]. - The total profit for 2021 was CNY 11,950,636.07, up from CNY 8,817,036.53 in 2020, indicating a year-over-year increase of 35.5%[182]. - The company's operating profit for 2021 was CNY 11,040,421.31, compared to CNY 8,737,189.13 in 2020, reflecting a growth of 26.5%[182]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥12,323,760.07, a decline of 120.64% compared to ¥59,719,269.60 in 2020[18]. - The cash flow from sales of goods and services rose to CNY 54,490,441.77 in 2021, up from CNY 28,455,496.04 in 2020, reflecting an increase of approximately 91.7%[193]. - The net cash flow from operating activities for 2021 was CNY 19,819,717.69, a decrease from CNY 29,826,813.97 in 2020, representing a decline of approximately 33.7%[193]. - The company's cash and cash equivalents decreased from CNY 60.97 million in 2020 to CNY 34.43 million in 2021, a decline of approximately 43.5%[172]. - The total cash inflow from financing activities increased significantly to CNY 132,181,709.17 in 2021, compared to CNY 34,380,634.80 in 2020, marking an increase of approximately 284.5%[193]. Assets and Liabilities - The total assets at the end of 2021 were ¥659,933,225.57, reflecting a 5.12% increase from ¥627,779,621.06 at the end of 2020[19]. - Total liabilities as of December 31, 2021, amounted to CNY 316,482,586.26, compared to CNY 291,530,883.77 in 2020, representing an increase of 8.54%[175]. - The total assets impairment loss for 2021 was CNY 1,509,178.57, a significant increase compared to CNY 170,241.33 in 2020[181]. - The company's retained earnings at the end of the reporting period were CNY 283.16 million, compared to CNY 271.50 million at the end of the previous period, indicating an increase of approximately 4.3%[199]. Revenue Segmentation - The video business generated CNY 415.42 million in revenue, up 4.89% year-on-year, while the injection molding business saw a revenue increase of 21.27% to CNY 224.95 million[32]. - The property leasing business reported revenue of CNY 50.35 million, reflecting a 24.05% increase compared to the previous year[32]. - The company's main business revenue from displays and injection-molded foam components for 2021 was RMB 637.26 million, accounting for 83.23% of total revenue[160]. Research and Development - Research and development expenses increased by 48.16% to ¥10,794,872.74 in 2021, reflecting a rise in R&D projects[45]. - The proportion of R&D investment to operating income rose to 1.41% in 2021 from 1.05% in 2020[47]. - The company completed the development of new display technologies and obtained patents for several new products, including a new type of piano curved display[47]. Governance and Compliance - The company strictly adheres to the regulations set forth by the Company Law, Securities Law, and the Corporate Governance Guidelines, ensuring compliance with governance standards[65]. - There are no significant discrepancies between the company's actual governance status and the regulations issued by the China Securities Regulatory Commission[66]. - The company maintains complete independence from its controlling shareholder, Wuhan Zhongheng Group, in terms of personnel, assets, finance, and operations[67]. - The company has established an effective internal control system and continuously improved it according to the actual business development, with no significant defects reported during the period[97]. Shareholder Information - The controlling shareholder, Wuhan Zhongheng Group, holds 42.13% of the company's total shares, with a significant portion being judicially frozen[139]. - The total number of shares is 283,161,227, with 100% being unrestricted shares[144]. - The largest shareholder, Wuhan Zhongheng Group, holds 42.13% of the shares, totaling 119,289,894, with 116,100,000 shares pledged[145]. Future Outlook - The company plans to enhance its product structure and expand online sales channels to improve sales performance in 2022[32]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[180]. - The company aims to accelerate urban renewal projects in Shenzhen to secure stable long-term revenue sources[61].