TKC(200512)2022-03-14 16:00Financial Performance - The company's operating revenue for 2021 was CNY 2,347,280,300.56, representing a 9.47% increase compared to CNY 2,144,181,738.33 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 122,249,955.82, a decrease of 12.38% from CNY 139,522,190.75 in 2020[19]. - The net profit after deducting non-recurring gains and losses was CNY 86,639,602.54, down 8.50% from CNY 94,686,086.28 in the previous year[19]. - The net cash flow from operating activities was CNY 148,525,571.88, a significant decline of 52.89% compared to CNY 315,271,083.24 in 2020[19]. - The total assets at the end of 2021 were CNY 2,785,902,354.47, reflecting a 15.69% increase from CNY 2,408,046,446.78 at the end of 2020[19]. - The net assets attributable to shareholders increased by 10.68% to CNY 956,326,734.42 from CNY 864,030,127.11 in 2020[19]. - The basic earnings per share for 2021 were CNY 0.66, down 12.00% from CNY 0.75 in 2020[19]. - The weighted average return on equity was 13.47%, a decrease of 3.87 percentage points from 17.34% in 2020[19]. - The company achieved a total profit of CNY 184 million, down 12.53% year-on-year[31]. - The gross profit margin for the overall business was 14.14%, reflecting a decrease of 3.93% compared to the previous year[36]. Revenue Breakdown - The small home appliance manufacturing segment contributed CNY 2.267 billion, accounting for 96.60% of total revenue, with a growth of 9.72%[33]. - Revenue from the Americas region was CNY 1.213 billion, representing 51.66% of total revenue, with an increase of 8.45%[35]. - The total operating revenue for the small home appliance manufacturing segment was ¥2,267,468,882.08, with a year-on-year increase of 9.72%[36]. - The total sales volume of small home appliances reached 28,765,567 units, representing a year-on-year increase of 19.98%[39]. Research and Development - The company obtained 49 research and development patents during the reporting period, including 17 invention patents, 25 utility model patents, and 7 design patents[30]. - Research and development expenses amounted to ¥64,037,360.74, which is 2.73% of total operating revenue[45]. - The number of R&D personnel increased by 10.39% to 372, representing 10.39% of the total workforce[45]. - Investment in R&D increased by 30% in 2021, focusing on smart home technologies and energy-efficient appliances[93]. - Research and development expenses increased by 10% in 2021, totaling 50 million RMB, focusing on innovative technologies[101]. Cash Flow and Investments - The investment activities generated a net cash inflow of ¥38,355,755.23, a significant improvement from the previous year's outflow[47]. - The company reported an investment income of 63,493,757.14, accounting for 34.45% of total profit, primarily from forward foreign exchange contracts and financial product investments[49]. - The company has entrusted 700 million CNY in financial management, with an unexpired balance of 415 million CNY[139]. - The total loss from entrusted financial management during the reporting period was RMB 2,826,210[144]. Corporate Governance - The company is committed to enhancing its corporate governance structure and internal control systems to maximize profits and protect minority shareholders' interests[84]. - The board of directors held a total of 8 meetings during the reporting period, with the first meeting on January 12, 2021, and the last on December 10, 2021[108]. - The independent directors are actively involved in the company's governance, with some holding multiple positions in other companies[104]. - The company has established a comprehensive internal control system that is effectively implemented[122]. Market Challenges and Strategies - The company faces risks of declining sales revenue due to decreased international market demand amid slow economic recovery and rising non-economic trade barriers from Western countries[67]. - The company anticipates challenges in the international market due to increasing tariffs and non-tariff barriers affecting the home appliance export sector[66]. - The company is focusing on technological innovation and brand development to increase its market share in the domestic market[69]. - The company is exploring new retail channels and enhancing its sales structure to adapt to market changes[69]. Shareholder Information - The company distributed a cash dividend of RMB 1.00 per share, totaling RMB 18,539,168, which represents 100% of the profit distribution amount[119]. - The total number of ordinary shareholders at the end of the reporting period was 14,714, an increase from 14,664 at the end of the previous month[151]. - The largest shareholder, FORDCHEE DEVELOPMENT LIMITED, holds 29.10% of the shares, totaling 53,940,530 shares, with no change during the reporting period[151]. Audit and Compliance - The audit report confirmed that the financial statements fairly present the company's financial position as of December 31, 2021[170]. - The internal control audit report received a standard unqualified opinion from the auditing firm[126]. - The company has not faced any penalties from securities regulatory authorities in the past three years[104]. - The company did not report any violations of external guarantees during the reporting period[132].