JTL(SZ:300091)2022-04-25 16:00Financial Performance - The company reported a significant increase in revenue, with a total of 1,489,164,214 CNY for the year, reflecting a growth of 10% compared to the previous year[8]. - The company's operating revenue for 2021 was ¥1,754,853,936.25, representing a 22.20% increase compared to ¥1,436,058,154.28 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥19,863,009.04, a decrease of 66.13% from ¥58,648,917.33 in 2020[22]. - The net profit after deducting non-recurring gains and losses was ¥17,553,286.36, which is a 37.14% increase from ¥12,799,959.27 in 2020[22]. - The total assets at the end of 2021 were ¥6,715,625,312.24, an increase of 9.85% from ¥6,113,267,841.68 at the end of 2020[22]. - The net assets attributable to shareholders increased by 32.24% to ¥3,272,147,039.05 at the end of 2021 from ¥2,474,314,957.60 at the end of 2020[22]. - The basic earnings per share for 2021 was ¥0.0135, down 71.70% from ¥0.0477 in 2020[22]. - The diluted earnings per share also stood at ¥0.0135, reflecting the same percentage decrease as the basic earnings per share[22]. - The company reported a total of 2,309,722.68 in non-recurring gains and losses for the year, with a significant decrease in other operating income and expenses amounting to -9,591,437.37[28]. - The company achieved operating revenue of 1,754.85 million yuan, a year-on-year increase of 22.20%, while net profit attributable to shareholders decreased by 66.13% to 19.86 million yuan[50]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.04 CNY per 10 shares to all shareholders, indicating a commitment to returning value to investors[8]. - The cash dividend distribution plan for 2021 proposed a cash dividend of CNY 0.04 per 10 shares, totaling CNY 5,956,656.86[188]. - The cash dividend accounted for 1.56% of the total distributable profit of CNY 382,993,595.47[188]. Research and Development - The company is focusing on enhancing its research and development efforts, particularly in the field of small gas turbines, to maintain its technological leadership in the domestic market[6]. - The company is focused on recruiting high-tech talent and collaborating with leading experts to drive innovation and develop new technologies[6]. - During the reporting period, the company completed 11 new product R&D projects, filed 25 patent applications, and obtained 11 authorized patents[51]. - Research and development expenses increased by 20.21% to ¥69,721,570.42, driven by increased investment in R&D projects[80]. - The company is committed to increasing R&D investment, particularly in small gas turbine technology, to maintain its technological leadership in the domestic market[122]. Market Expansion and Strategy - The company is actively pursuing market expansion and aims to increase its market share by accelerating the development of new products[7]. - The company is positioned to benefit from the "carbon neutrality" initiative, which is expected to drive demand for energy-saving equipment and new energy technologies[35]. - The company aims to enhance its market competitiveness by increasing the market share of its compressor products through innovative research and development[83]. - The company plans to expand its market presence in Asia, targeting a 15% increase in market share by 2024[142]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[155]. Risk Management - The company has identified risks related to accounts receivable, which constitute a high proportion of total assets, and is implementing stricter credit approval processes to mitigate these risks[5]. - The company is committed to improving cash flow management and accelerating the collection of accounts receivable to enhance financial efficiency[5]. - The company faces risks related to project execution, including potential delays and financial risks due to cash flow constraints[121]. - The proportion of accounts receivable to total assets is high, which poses a risk; the company will enhance credit approval processes and strengthen accounts receivable management to mitigate this risk[119]. Environmental and Sustainability Initiatives - The company is committed to advancing green development initiatives, aligning with national carbon neutrality strategies, and ensuring compliance with environmental standards[116]. - The company is focused on energy-saving and environmentally friendly products, with increasing demand for fuel gas boilers due to the national "coal-to-gas" initiative[38]. - The company is developing a new type of environmentally friendly circulating fluidized bed boiler, focusing on low emissions and energy consumption[86]. - The company aims to achieve carbon neutrality by 2030, emphasizing sustainability in future strategies[155]. Governance and Management - The company held 1 annual general meeting and 3 extraordinary general meetings during the reporting period, ensuring compliance with legal requirements for shareholder participation[132]. - The board of directors consists of 9 members, including 3 independent directors, and held 8 meetings, passing 49 resolutions[133]. - The company has a dedicated investor relations management system, ensuring accurate and timely information disclosure to investors[135]. - The company is committed to maintaining transparency in its management changes and financial reporting[146]. - The company has a structured remuneration decision-making process, where the compensation for directors and supervisors is approved by the board and shareholders, while senior management remuneration is approved by the board[168]. Contracts and Partnerships - The company has entered into significant engineering contracts in biomass power generation and waste heat utilization, enhancing its influence in the energy-saving and environmental protection sectors[6]. - The company has formed strategic partnerships with major clients such as China Petroleum and China Power Engineering, enhancing its market position in the fluid machinery sector[48]. - The company has signed significant contracts, including a 57 million yuan contract with Baowu Group and a 46.5 million yuan contract with Hongshi Group, contributing to over 100 million yuan orders in two offices[52]. Financial Management - The company is strengthening its financing efforts through various capital market platforms to support both external growth and internal development[6]. - The company raised a total of 794 million CNY through a non-public stock issuance, with 194 million CNY allocated for working capital and 600 million CNY for repaying bank loans[100]. - The company has completed the establishment of a procurement management system to control costs and improve transparency in the bidding process[61]. - The company has implemented a supply chain management system, integrating ERP and PLM systems to enhance internal management efficiency[61]. Product Development - The company is actively developing new products such as fuel cell air compressors and small gas turbines, aiming to transition from a manufacturing entity to a system integrator and project operator[36]. - The company has developed new products in various fields, including a mobile snow removal blower and a corrosion-resistant vacuum pump for mixed gas, enhancing its market competitiveness[52]. - The company is designing a single-shaft centrifugal air compressor, which is expected to reach a leading domestic technology level and enhance product value[82]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 1,634, with 797 in the parent company and 837 in major subsidiaries[184]. - The company conducted 18 training sessions in 2021, covering various topics and achieving good training results[186]. - The company has implemented a new salary standard for design and management personnel starting from August 2021[185].