泰胜风能(300129) - 2021 Q4 - 年度财报

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB in 2021, representing a year-on-year growth of 25%[22] - The company's operating revenue for 2021 was ¥3,852,691,830.69, representing a 6.90% increase from ¥3,603,968,481.77 in 2020[29] - The net profit attributable to shareholders for 2021 was ¥258,534,053.21, a decrease of 25.87% compared to ¥348,765,062.40 in 2020[29] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥231,266,232.16, down 28.24% from ¥322,292,279.17 in 2020[29] - The total assets at the end of 2021 were ¥5,806,168,349.95, a 19.63% increase from ¥4,853,279,411.37 at the end of 2020[29] - The net assets attributable to shareholders at the end of 2021 were ¥2,758,273,486.24, reflecting a 6.55% increase from ¥2,588,606,700.21 at the end of 2020[29] - The company achieved a net profit of 258.53 million yuan, a decrease of 25.87% compared to the previous year, primarily due to rising raw material prices affecting gross margins[64] - Total revenue for the reporting period was 3.85 billion yuan, an increase of 6.90% year-on-year, with onshore wind equipment revenue decreasing by 28.54% to 1.88 billion yuan, while offshore wind equipment revenue surged by 102.80% to 1.88 billion yuan[64] Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 15%, reaching a total of 300 clients in the renewable energy sector[22] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[22] - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's production capacity by 30%[22] - The company is focusing on expanding its overseas market presence, particularly in Australia, South America, and Southeast Asia, while maintaining its domestic business[54] - The company has established strong partnerships with major global manufacturers, enhancing its brand reputation in the wind energy sector[61] Research and Development - The company has allocated 100 million RMB for research and development in 2022, focusing on innovative wind energy technologies[22] - The company has invested in R&D, resulting in over 200 valid patents in wind energy and marine engineering, demonstrating its commitment to innovation[62] - The company’s R&D investment in 2021 amounted to ¥188,452,153.91, representing 4.89% of total revenue, an increase from 4.20% in 2020[106] - The number of R&D personnel increased by 5.75% from 174 in 2020 to 184 in 2021, with R&D personnel now accounting for 20.38% of the total workforce[106] Operational Challenges and Risks - The company faces risks including raw material price volatility, which could impact profit margins by up to 15%[5] - Management emphasizes the importance of adapting to changing industry policies, which could affect operational strategies moving forward[5] Production and Capacity - The company has completed the connection and began generating power from its 50MW wind power project in Song County, marking its first operational wind farm[72] - The company’s production capacity is strategically located in resource-rich areas, which helps reduce transportation costs and improve competitiveness[63] - The company has a total of 3.31 billion yuan in executing and pending orders, with onshore wind orders at 2.75 billion yuan and offshore wind orders at 502.12 million yuan[66] Financial Management and Investments - The company plans to issue 215,745,976 shares at a price of ¥5.01 per share to raise funds for specific projects[67] - The company has not experienced any significant changes in the measurement attributes of its major assets during the reporting period[120] - The total investment amount for the reporting period was 1,867,039,705.67, a decrease of 32.63% compared to the previous year[124] - The company utilized RMB 4,500 million to repay bank loans and RMB 24,505.3 million for working capital, achieving 110.05% of the planned investment for working capital[130] Industry Trends and Outlook - The company maintains a positive outlook on the long-term stable development of the wind power market, supported by policy and technological advancements[43] - The wind power generation capacity in China reached 328.48GW by the end of 2021, with a total generation of 655.6 billion kWh, a 40.5% increase year-on-year[40] - The company anticipates continued strong development in offshore wind power installations due to supportive government policies and market demand[49] Product Development - New product development includes the launch of a next-generation wind turbine, expected to increase efficiency by 20% compared to previous models[22] - The company is developing the V150-4.2MW-175m cable-stayed tower, which is the world's first of its kind, aimed at reducing material costs and transportation costs[91] - The EN148 offshore wind turbine tower is in the pilot stage, with a maximum diameter of 5,500mm and a total height of 81 meters, expected to account for over 40% of the company's main product output value upon successful development[94] Customer and Supplier Relations - The top five customers contributed a total sales amount of ¥1,681,737,790.56, accounting for 43.65% of the annual total sales[86] - The top five suppliers accounted for a total procurement amount of ¥1,526,150,725.42, representing 37.95% of the annual total procurement[89]