UROICA(SZ:300099)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was ¥754,017,566.07, representing a 40.38% increase compared to ¥537,135,315.83 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥190,043,979.76, a 59.56% increase from ¥119,105,112.77 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥179,295,799.06, up 56.78% from ¥114,359,000.29 in 2020[21]. - The total assets at the end of 2021 were ¥2,229,707,047.67, a 9.41% increase from ¥2,037,972,066.50 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥0.2848, a 59.73% increase from ¥0.1783 in 2020[21]. - The company reported a significant decrease in net cash flow from operating activities, which was ¥19,718,680.20, down 80.74% from ¥102,399,017.78 in 2020[21]. - The operating profit for 2021 was ¥200,826,053.35, reflecting a growth of 60.18% compared to the previous year[66]. - The total profit for 2021 reached ¥201,862,300.86, marking a 63.00% increase year-on-year[66]. - The company received government subsidies amounting to ¥5,021,166.31 in 2021, compared to ¥2,183,179.56 in 2020, indicating increased support for its operations[27]. - The company reported a decrease in net profit due to a significant gap between cash received from sales and recognized revenue, alongside increased payments to employees and taxes[99]. Research and Development - The company is committed to the research and development of hydrogen fuel cells and new energy power control systems[14]. - The company aims to implement AI-based intelligent video analysis systems for real-time monitoring in mining operations[15]. - The company has achieved a leading market share in coal mine safety monitoring systems, maintaining the top position for nearly 30 years[46]. - The company obtained 45 patents in 2021, including 3 invention patents, 37 utility model patents, and 5 design patents[67]. - The total R&D expenditure for 2021 was ¥61,551,913.52, accounting for 8.16% of operating revenue, a decrease from 9.48% in 2020[93]. - The number of R&D personnel increased by 22.14% to 171, with a notable rise in those holding bachelor's degrees, which increased by 27.27%[93]. - The company is developing an AI-based video analysis system aimed at enhancing monitoring and risk warning in coal mining operations[92]. - The company has completed the prototype of the lithium-ion battery monorail hoist, with the power, braking, driving, clamping, hydraulic, and electrical control systems in place, aiming to expand the product line for lightweight material transportation[90]. - The company is developing a non-destructive testing system for anchor rods, with 30% of the project completed, aimed at enhancing monitoring capabilities and market competitiveness[91]. Market and Industry Trends - The coal mining industry in China saw an increase in production from 384.4 million tons in 2020 to 407.1 million tons in 2021, highlighting the effectiveness of smart mining[32]. - The smart mining industry has seen significant advancements since the second half of 2020, driven by government initiatives to develop smart coal mines, with major tech companies like Huawei and China Mobile entering the sector[33]. - The market potential for smart coal mines is projected to exceed 1 trillion yuan, with the cost of smart transformation for a single mine estimated between 149 million and 263 million yuan, based on approximately 5,000 existing coal mines[40]. - The integration of new technologies such as AI, blockchain, and robotics is anticipated to create a comprehensive intelligent system for mining operations, enhancing safety and efficiency[36]. - By 2025, mining companies are expected to achieve basic digital transformation, significantly enhancing the informatization and automation levels of mineral resource development processes[38]. Strategic Focus and Business Development - The company is focused on developing smart mining solutions utilizing 5G technology to enhance safety and operational efficiency[14]. - The company is actively pursuing the certification of its 5G mining products to ensure compliance with safety standards[14]. - The company is expanding its market presence through the development of intelligent transportation systems for coal mining[15]. - The company has established subsidiaries in Beijing, Shanghai, Guangdong, and Shandong to enhance its operational capabilities[14]. - The company has implemented a diversification strategy through self-development and mergers and acquisitions to enhance its market position[31]. - The company plans to focus on the "smart mining, national defense, and information communication" sectors, leveraging advanced digital technologies and smart manufacturing capabilities[112]. - The company aims to consolidate its three business segments into two: smart mining and smart military, focusing on advancing mining information technology[181]. Governance and Compliance - The company emphasized the importance of information disclosure and investor relations management, ensuring timely and accurate information sharing[143]. - The company maintained independence from its controlling shareholder in terms of operations, personnel, assets, and finances[145]. - The company has an independent financial department with a complete accounting system and financial management procedures[151]. - The company conducted five board meetings and five supervisory meetings, adhering to legal and regulatory requirements[139][141]. - The company established a transparent performance evaluation system linking management performance to compensation[142]. - The company has a complete production and sales system, capable of independently conducting business without reliance on its controlling shareholder[147]. Employee and Management Structure - The total number of employees at the end of the reporting period was 689, with 655 from major subsidiaries and 34 from the parent company[183]. - The company has a total of 272 production personnel, 87 sales personnel, 171 technical personnel, 34 financial personnel, and 125 administrative personnel[183]. - The educational background of employees includes 38 with postgraduate degrees, 178 with bachelor's degrees, 226 with associate degrees, and 247 with vocational or lower education levels[183]. - The company emphasizes a scientific and reasonable compensation management system that links employee salaries to job value, performance, company performance, and market salary levels[184]. - The company has established a systematic and comprehensive training management system to enhance employee competencies and adaptability to business development needs[185]. Cash Dividend and Profit Distribution - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company reported a distributable profit of 44,937,388.80 RMB for the reporting period, with no cash dividends proposed for the 2021 annual report[191]. - The company has cumulatively distributed 166,833,800 RMB in cash dividends over the past three years, meeting the requirement of at least 30% of the average annual distributable profit[193]. - The company's profit distribution plan aligns with its articles of association and has been approved by the board and shareholders[190]. - The cash dividend policy was executed in compliance with the established procedures, ensuring the protection of minority shareholders' rights[188]. Risk Management and Contingency Plans - The company acknowledges the potential impact of the ongoing pandemic and geopolitical tensions on its operations and is preparing contingency plans to mitigate these risks[131]. - The company implemented emergency plans and measures to minimize the impact of the pandemic on operations in 2022[132]. - The company closely monitored macroeconomic conditions and prepared response plans to mitigate adverse effects on business[132]. - The internal control system was updated and improved to adapt to external changes and internal management requirements, effectively preventing operational risks[195]. - The company confirmed that there were no significant internal control deficiencies identified during the reporting period[196].