BESTWAY(SZ:300008)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,421,746,409.51, representing a 171.56% increase compared to ¥523,552,744.58 in 2020[37]. - The net profit attributable to shareholders for 2021 was ¥25,970,776.33, a slight increase of 1.62% from ¥25,557,506.83 in 2020[37]. - The net profit after deducting non-recurring gains and losses was ¥15,399,264.73, which is a 182.09% increase from ¥5,458,962.49 in 2020[37]. - The total assets at the end of 2021 amounted to ¥2,450,762,071.17, reflecting a 20.19% increase from ¥2,038,996,381.88 at the end of 2020[37]. - The basic earnings per share for 2021 was ¥0.0150, down 43.18% from ¥0.0264 in 2020[37]. - The net cash flow from operating activities was -¥185,016,783.52, worsening by 43.95% compared to -¥128,531,902.11 in 2020[37]. - The company received government subsidies amounting to ¥13,096,342.82 in 2021, an increase from ¥9,997,980.47 in 2020[45]. - The weighted average return on net assets for 2021 was 1.56%, down from 5.96% in 2020[37]. - The company’s net assets attributable to shareholders at the end of 2021 were ¥1,677,352,677.17, a 1.73% increase from ¥1,648,832,566.34 at the end of 2020[37]. - The company achieved a revenue of 1,421.75 million CNY in 2021, representing a year-on-year increase of 171.56%[83]. Business Strategy and Development - The company plans to enhance its research and development efforts across its three main business segments to improve core competitiveness and ensure stable growth[16]. - The company has invested in Nanhua Industrial to expand into ship automation and smart port businesses, creating synergy with existing military products[16]. - The company aims to mitigate risks related to customer defaults and contract management due to uncertainties from the global pandemic and geopolitical tensions[10]. - The company is actively adjusting its industrial and product structure to respond to cyclical changes in the international shipping market[7]. - The company emphasizes cost control and management improvements to counteract the impact of rising costs on its operations[11]. - The company is committed to promoting and utilizing new energy vessels, with its subsidiary Dajin Heavy Industry recognized as a demonstration unit for LNG-powered shipbuilding[16]. - The company aims to enhance its market competitiveness in the field of intelligent vessels by developing a 300 TEU unmanned intelligent ship[120]. - The company is committed to achieving a "dual carbon" goal by leveraging opportunities in the new energy sector, particularly in LNG applications[154]. - The company will focus on differentiating its products and services to build competitive advantages in the market[154]. - The company aims to establish a cooperative innovation ecosystem by collaborating with research institutions and enhancing its R&D capabilities[154]. Market and Industry Trends - In 2021, the company experienced significant growth in shipbuilding revenue and new orders, benefiting from the recovery of the shipping market[16]. - The shipbuilding industry is facing challenges such as labor shortages, rising human costs, and increasing prices of raw materials and energy[52]. - The global shipbuilding investment reached $147 billion, with new shipbuilding investment totaling $103 billion, a year-on-year increase of 106%[52]. - China's shipbuilding completion, new orders, and hand-held orders accounted for 47.2%, 53.8%, and 47.6% of the global total, respectively, with year-on-year increases of 4.1%, 5.0%, and 2.9 percentage points[52]. - The company is navigating challenges such as rising material costs and fluctuating exchange rates while maintaining a positive outlook for future growth[86]. Research and Development - The company has accumulated significant technology and experience in LNG cargo systems, natural gas power systems, and refueling facilities, forming a leading position in regional energy enterprises[56]. - Research and development expenses increased by 76.03% to ¥63,253,850.03, driven by significant technological changes in the shipbuilding market[119]. - The number of R&D personnel increased to 245, representing a 40% growth compared to 175 in the previous year[126]. - R&D investment amounted to ¥63,253,850.03 in 2021, which is 4.45% of operating revenue, down from 6.86% in 2020[126]. - The company completed the design of a new multi-functional self-elevating offshore wind power operation platform, which is now applied to actual orders[126]. Governance and Compliance - The company maintains independence from its controlling shareholder, with no guarantees provided to the shareholder or its affiliates during the reporting period[164]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[165]. - The supervisory board has 5 members, including 2 employee representatives, ensuring compliance with legal standards[168]. - The company has established a performance evaluation and incentive mechanism for directors and senior management, linking compensation directly to operational performance[169]. - The company respects the rights of stakeholders, balancing the interests of shareholders, employees, and society for sustainable development[170]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors[171]. - The internal audit system is actively implemented, with no objections raised regarding the effectiveness of internal controls by the accounting firm[173]. Operational Efficiency - The company has established a procurement management system to enhance the efficiency of fund utilization and maintain corporate interests[66]. - The company has developed a strong customer network and marketing strategy, focusing on direct contracts with various shipowners and shipyards[66]. - The company has a comprehensive business model in shipbuilding and marine engineering, providing multi-level technical services including research, design, and project management[66]. - The company has a well-structured business model with three main segments: shipbuilding engineering, defense equipment, and new energy, all showing positive growth trends[59]. - The company has introduced a new management structure and talent from various sectors to optimize its operations post-restructuring[59]. Future Outlook - In 2022, the company plans to enhance production and management efficiency through increased R&D investment and precise management, aiming to meet annual operational goals[155]. - The shipbuilding sector will focus on high-end technology R&D, aiming to increase the proportion of high-value-added products and improve market competitiveness[154]. - The defense equipment sector will develop four main product categories, including emergency rescue equipment and underwater security systems, while emphasizing technological innovation[154]. - The new energy sector will enhance the operation of existing LNG refueling stations and expand the network layout for LNG refueling stations for vehicles and vessels[154]. - The company will implement a governance structure of "one headquarters and three platforms" to ensure effective risk control and compliance in operations[155].