HTC(SZ:200771)2022-03-30 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%[20]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[20]. - The company's operating revenue for 2021 was ¥5,788,288,588.91, representing a 21.54% increase compared to ¥4,496,445,244.55 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥649,992,474.56, a 36.48% increase from ¥459,345,443.38 in 2020[31]. - The total sales revenue for the company in 2021 was approximately ¥4.09 billion, representing a year-on-year increase of 25.39%[76]. - The company achieved a total revenue of CNY 5,788.29 million in 2021, representing a year-on-year growth of 21.54%[66]. - The net profit attributable to shareholders was CNY 649.99 million, with a year-on-year increase of 36.48%[61]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year increase of 10%[147]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of RMB 4.0 per 10 shares, along with 3 bonus shares for every 10 shares held[6]. - The total cash dividend amount is 301,559,440 CNY, which accounts for 57.14% of the total distributable profit of 3,493,193,115.19 CNY[190]. - The company has a profit distribution policy that aims for a minimum cash dividend ratio of 40% during the mature development stage with significant capital expenditures[188]. - The company has committed to distributing no less than 30% of the average distributable profit over the last three years in cash dividends, provided it is profitable and cash flow is sufficient[189]. - The company has not proposed a cash dividend distribution plan for the reporting period despite having positive distributable profits[190]. Market Expansion and Strategy - The company aims to expand its market presence in Southeast Asia, targeting a 20% increase in sales in that region by 2023[20]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[147]. - The company has initiated a strategic partnership with a leading energy firm to enhance its product offerings and market reach[20]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's production capacity by 30%[147]. - The company is exploring potential acquisitions to strengthen its position in the renewable energy sector[20]. Research and Development - Research and development expenses accounted for 8% of total revenue, focusing on new turbine technologies and energy efficiency improvements[20]. - The company completed 29 research projects and launched 15 new products, marking a record high in product development[63]. - Research and development investment increased by 15% in 2021, totaling 150 million RMB[147]. - The company is currently developing the EUNG80/63 turbine model, which aims to improve power generation and reduce energy consumption[82]. Operational Efficiency and Cost Management - The company emphasizes cost control through organizational optimization and supply chain management to address rising labor costs and declining product prices[53]. - The company aims to implement new technologies in manufacturing processes, which are expected to reduce costs by 10%[147]. - The company is focusing on innovation by promoting cost reduction in design and optimizing the efficiency of back-pressure generator sets[118]. Governance and Management - The company held 12 board meetings, 8 supervisory meetings, and 5 shareholder meetings during the reporting period, ensuring compliance with governance regulations[128]. - The company has established an independent financial department with a standardized accounting system, ensuring independent financial decision-making[135]. - The company has implemented a comprehensive internal control system, regularly evaluated by its internal audit institution[130]. - The company has established specialized committees within the board, including strategy, audit, nomination, and remuneration committees, to support scientific decision-making[129]. Employee and Talent Management - The total number of employees at the end of the reporting period was 4,008, with 2,077 in the parent company and 1,931 in major subsidiaries[178]. - The professional composition of employees includes 2,260 production personnel, 342 sales personnel, 889 technical personnel, 83 financial personnel, and 434 administrative personnel[179]. - In 2021, the company conducted 108 training sessions, with a total of 4,600 participants, and plans to conduct over 160 training projects in 2022[182]. - The company adjusted its salary standards in 2021, considering annual performance, industry competition, and cost of living, ensuring timely payment of wages and overtime[181]. Risks and Challenges - The company anticipates risks from market competition and aims to leverage technological innovation to enhance product quality and service capabilities[119]. - The company is facing potential risks related to contract execution, including frequent changes and project delays, which may impact operational performance[121]. - The company is actively managing accounts receivable risks due to potential downturns in downstream industries, implementing stricter credit management[121]. Financial Position and Cash Flow - The net cash flow from operating activities decreased by 88.58% to ¥71,809,489.02 in 2021 from ¥454,416,600.69 in 2020[31]. - Operating cash inflow totaled ¥5,423,863,579.31 in 2021, an increase of 17.91% compared to ¥4,599,935,940.49 in 2020[86]. - Net cash flow from investment activities worsened by 220.87%, resulting in a deficit of ¥193,032,917.99 in 2021, compared to a deficit of ¥60,159,162.50 in 2020[86]. - The net increase in cash and cash equivalents was negative at ¥-382,815,680.03 in 2021, a decline of 401.81% from an increase of ¥126,841,422.98 in 2020[89].