苏常柴B(200570) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 2,452,430,515.60, representing a 6.79% increase compared to CNY 2,296,464,711.24 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 103,006,232.54, a significant increase of 96.46% from CNY 52,432,443.05 in 2020[24]. - The basic earnings per share for 2021 was CNY 0.1657, reflecting a 77.41% increase compared to CNY 0.0934 in 2020[24]. - The total assets at the end of 2021 amounted to CNY 4,860,382,961.26, which is a 22.96% increase from CNY 3,952,954,464.45 at the end of 2020[24]. - The net assets attributable to shareholders at the end of 2021 were CNY 3,077,550,018.33, up 35.38% from CNY 2,273,349,347.02 at the end of 2020[24]. - The cash flow from operating activities for 2021 was negative at CNY -266,323,779.30, compared to a positive CNY 251,796,654.53 in 2020[24]. - The company reported a decrease of 79.09% in net profit after deducting non-recurring gains and losses, amounting to CNY 5,329,092.87 in 2021[24]. - The weighted average return on equity for 2021 was 3.86%, an increase from 2.40% in 2020[24]. Sales and Market Performance - The total sales volume of internal combustion engines in 2021 reached 50.47 million units, a year-on-year increase of 7.82%[35]. - Diesel engine sales totaled 6.11 million units in 2021, a decrease of 3.67% compared to the previous year, while gasoline engine sales increased by 9.67% to 44.35 million units[35]. - The company has experienced a significant increase in sales for agricultural machinery engines, with a growth rate of 27.44% in 2021[36]. - The company sold a total of 749,300 units of diesel and gasoline engines in 2021, achieving a revenue of 2.452 billion yuan, representing a year-on-year growth of 6.79%[46]. Research and Development - The company is committed to R&D driven by market demand, ensuring that new products align with customer needs and technological advancements[38]. - The company has developed multiple advanced core technologies with independent intellectual property rights, enhancing its competitive edge in the market[41]. - The company has established a stable and efficient R&D team, with core technical personnel having extensive experience in the internal combustion engine field, ensuring strong talent support for future innovations[41]. - Research and development expenses increased by 14.02% to ¥82,390,284.14, reflecting the company's commitment to innovation[59]. - The company’s R&D personnel increased to 264 in 2021, a growth of 4.35% compared to 253 in 2020, with R&D personnel accounting for 9.55% of the total workforce[62]. Investment and Financing - The company successfully raised funds through a private placement, with the total operating revenue for 2021 reaching ¥2,452,430,515.60, a year-on-year increase of 6.79%[50]. - The company raised ¥634,999,936.40 through a private placement of 144,318,181 shares, resulting in a net cash inflow of ¥620,665,733.97 from financing activities[65]. - The total amount raised from the non-public offering was RMB 634,999,996.40, with a net amount of RMB 620,665,733.97 after deducting issuance costs[81]. - The company has pre-invested a total of ¥181,803,327.94 in fundraising projects before the funds were in place, with an additional ¥2,358,490.56 for issuance costs, totaling ¥184,161,818.50[85]. Corporate Governance - The company has a clear and independent business structure, allowing for effective management and operational autonomy[103]. - The company is committed to enhancing its governance structure in line with national laws and regulations, ensuring the protection of shareholder rights[102]. - The company’s board includes independent directors with diverse backgrounds in finance and management[109]. - The company’s management team has extensive experience in various sectors, including investment and technology[110]. - The company has a total of 12 directors and supervisors, with 5 of them receiving no remuneration from the company[115][116]. Future Outlook and Strategy - The company aims to achieve a sales revenue of 2.3 billion yuan in 2022, with a focus on ensuring the production of 10,000 units of new products[92]. - The company is exploring opportunities in the new energy sector, including investments in lithium battery projects and hydrogen fuel technologies[92]. - The company is focusing on high-end products that are intelligent and connected, incorporating advanced technologies such as big data and artificial intelligence[91]. - The company is actively engaged in the research and development of hybrid platforms, aiming to enhance its product offerings in the new energy sector[96]. - The company is strategically positioning itself in the new energy industry, with ongoing research and development efforts to innovate and capture market share[99]. Risk Management - The company faces market risks due to the agricultural industry's adjustment period and changing user demand, which has shifted from rigid to replacement needs[93]. - The company is addressing raw material price volatility by enhancing inventory and cost management to improve operational efficiency[94]. - The company is implementing a dual-brand strategy and integrated sales approach to mitigate foreign trade risks and enhance export performance[94]. Shareholder Information - The company reported a total of 0 shares held by all current directors and senior management[106]. - The total number of shareholders at the end of the reporting period was 49,947, down from 53,650 at the end of the previous month[189]. - The largest shareholder, Changzhou Investment Group, holds 32.26% of the shares, with a decrease of 56,818,181 shares during the reporting period[189]. Compliance and Internal Control - The company has established a comprehensive internal control system to ensure operational efficiency and compliance with regulations[102]. - The company maintained effective internal control over financial reporting in all material respects as of December 31, 2021[138]. - There were no significant defects identified in financial reporting or non-financial reporting[137].