BESTWAY(SZ:300008)2023-04-21 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[21]. - 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[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,399,264.73, up 182.09% from ¥5,458,962.49 in 2020[21]. - The total assets at the end of 2021 amounted to ¥2,450,762,071.17, a 20.19% increase from ¥2,038,996,381.88 at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were ¥1,677,352,677.17, reflecting a 1.73% increase from ¥1,648,832,566.34 at the end of 2020[21]. - The basic earnings per share for 2021 were ¥0.0150, down 43.18% from ¥0.0264 in 2020[21]. - The weighted average return on equity for 2021 was 1.56%, a decrease of 4.40% from 5.96% in 2020[21]. - The net cash flow from operating activities for 2021 was -¥185,016,783.52, worsening by 43.95% compared to -¥128,531,902.11 in 2020[21]. - The company reported a total revenue of ¥561,886,449.87 in Q4 2021, which was the highest quarterly revenue for the year[23]. - The company experienced a net loss of ¥12,119,869.30 in Q3 2021, indicating challenges in maintaining profitability during that period[23]. Market Position and Growth Strategy - The company has a robust order backlog, primarily consisting of bulk carriers, multipurpose vessels, and offshore wind installation platforms, positioning it well for future growth[7]. - The company plans to enhance its research and development efforts across its three main business segments to improve core competitiveness and ensure stable growth[8]. - The company is focused on promoting and utilizing new energy vessels, with its subsidiary Dajin Heavy Industry recognized as a demonstration unit for LNG-powered vessels by the Ministry of Transport[7]. - The international shipbuilding market is experiencing a recovery, but external factors such as geopolitical tensions and rising costs present challenges to sustained business expansion[7]. - The company is actively adjusting its product structure and pursuing technological innovation to respond to cyclical changes in the international shipbuilding market[6]. - The company has established an "one headquarters, three platforms" development framework to support future business expansion[62]. - The company aims to improve operational efficiency and increase profitability through strategic initiatives and potential mergers and acquisitions[1]. - The company plans to enhance production capacity and market share through the establishment of new facilities, such as Taizhou Taichuan Heavy Industry Equipment Co., Ltd.[109]. Research and Development - The company has accumulated significant technology and experience in LNG transportation vessels and related systems, establishing a leading position in regional energy enterprises[35]. - The company has developed a comprehensive technology service system in shipbuilding and marine engineering, delivering over 1,000 vessels and holding numerous design copyrights and patents[39]. - The company has designed the world's first dual-fuel port operation tugboat and the first LNG-fueled port operation tugboat in Asia, contributing to clean port demonstration projects[40]. - The company completed the technical scheme for a hydrogen fuel cell-powered cargo ship, enhancing its capabilities in the new energy ship sector[87]. - The company has focused on developing large-scale offshore oil spill recovery vessels to meet emergency response requirements[88]. - The company has reported a significant increase in R&D expenses, totaling ¥63,253,850.03, which is a 76.03% increase compared to the previous year[86]. - R&D investment reached ¥63,253,850.03 in 2021, a significant increase from ¥35,934,317.68 in 2020[91]. - The company increased its R&D personnel from 175 in 2020 to 245 in 2021, representing a 40% growth[90]. Risk Management and Challenges - The company faces risks from rising raw material prices and labor costs, which may impact operational performance; it aims to control costs while maintaining project progress[7]. - The company is committed to enhancing contract management and monitoring to mitigate risks associated with customer defaults due to financial difficulties[6]. - The shipbuilding industry is facing challenges such as labor shortages and rising material costs, which may impact future growth[32]. - The company has a strategic focus on risk control, talent development, and cost reduction to ensure healthy and efficient operations[109]. Corporate Governance and Compliance - The company maintained a strict internal audit system, with no objections raised by the accounting firm regarding the effectiveness of internal controls in 2021[121]. - The company ensures compliance with laws and regulations, maintaining independence from its controlling shareholders in business, personnel, assets, and finances[123]. - The company has committed to further optimizing and improving its internal control system in the future[121]. - The company’s governance structure aligns with the regulations set forth by the China Securities Regulatory Commission, with no significant discrepancies[122]. - The company emphasizes transparency in information disclosure, ensuring that all shareholders have equal access to information through designated media[121]. Strategic Partnerships and Collaborations - The company has entered into a partnership with Nanhua Industrial to expand into ship automation and smart port businesses, creating synergies with existing military products[7]. - The company has formed strategic partnerships with leading classification societies and equipment manufacturers to enhance technology and market reach[64]. - The company is actively pursuing partnerships and collaborations to enhance its service offerings and market reach[78]. Environmental and Social Responsibility - The company emphasizes environmental responsibility and has committed to green and energy-saving product goals through technological innovation[182]. - The company donated RMB 50,000 and teaching materials to a primary school in Guizhou to support education in remote areas[183]. Future Outlook - The company anticipates a positive outlook for the upcoming fiscal year, driven by increased demand in the marine engineering sector[77]. - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, targeting 1.375 billion RMB[194]. - The company plans to expand its market presence in Southeast Asia, aiming for a 25% market share by 2025[196].