秀强股份(300160) - 2021 Q4 - 年度财报

Financial Performance - The company reported a profit distribution plan of 1.00 RMB per 10 shares (including tax) based on a total of 618,172,423 shares[5]. - The company's operating revenue for 2021 was ¥1,457,800,111.26, representing a 13.33% increase compared to ¥1,286,337,545.69 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥137,004,252.09, up 12.36% from ¥121,934,562.93 in 2020[19]. - The total assets at the end of 2021 were ¥1,895,155,615.87, an increase of 8.83% from ¥1,741,337,069.30 at the end of 2020[19]. - The net assets attributable to shareholders increased by 17.35% to ¥1,183,093,922.57 at the end of 2021 from ¥1,008,207,166.52 at the end of 2020[19]. - The basic earnings per share for 2021 was ¥0.23, a 15.00% increase from ¥0.20 in 2020[19]. - The diluted earnings per share for 2021 was ¥0.22, reflecting a 10.00% increase from ¥0.20 in 2020[19]. - The company achieved operating revenue of 1,457.80 million CNY, an increase of 13.33% compared to the same period last year[43]. - Operating profit reached 148.97 million CNY, reflecting a growth of 5.11% year-on-year[43]. - Total profit amounted to 147.72 million CNY, which is a 3.66% increase from the previous year[43]. - The company reported a total of ¥23,668,761.91 in non-recurring gains and losses for 2021, compared to ¥21,081,286.97 in 2020[25]. Market and Industry Trends - The glass deep processing industry is experiencing a recovery trend, with significant growth in both the number of enterprises and product output[31]. - The market for mid-to-high-end glass deep processing products is expanding due to rising consumer demands for quality and innovation[32]. - The smart home market in China reached a scale of 170.5 billion CNY in 2020, with a growth rate of 26.7% expected in 2021[33]. - The glass deep processing industry accounted for 100% of the total operating revenue, with appliance glass contributing ¥1,420,247,675.06, a 13.44% increase from the previous year[76]. - Domestic sales decreased by 2.40% to ¥820,819,451.32, while international sales surged by 43.02% to ¥636,980,659.94, driven by the return of manufacturing orders to China[76]. - The gross profit margin for the glass deep processing segment was 21.88%, down from 20.40% the previous year, primarily due to rising raw material costs and price reductions for some products[78]. - The sales volume of appliance glass increased by 7.22% to 1,872.67 million square meters, while production volume rose by 18.06% to 2,062.09 million square meters[79]. - The company is expanding its production capacity in the western region by investing in the "smart glass deep processing project" to enhance market development[71]. Research and Development - The company is focused on continuous product innovation and exploring new business areas to mitigate risks and enhance growth[5]. - The company has obtained a total of 54 authorized patents related to its operations, including 26 invention patents, 27 utility model patents, and 1 design patent[60]. - The company has successfully developed several core technologies in glass deep processing, including "large-size 3D multi-curve glass panel processing technology" and "BIPV integrated technology" during the reporting period[59]. - Research and development expenses increased by 33.29% to ¥59,982,159.20, reflecting enhanced investment in smart appliances and BIPV glass technologies[88]. - The number of R&D personnel increased by 67.63% from 207 in 2020 to 347 in 2021, with a proportion of 14.25% of total employees[91]. - The company plans to increase R&D investment in 2022 to develop more environmentally friendly and high-tech glass products[135]. Risk Management - The company faces risks including raw material price fluctuations, technological advancements, and declining gross margins, which are detailed in the management discussion section[5]. - The company has established a comprehensive internal control system to ensure effective risk management and governance[144]. - The company is closely monitoring exchange rate fluctuations, particularly the euro to USD and RMB to USD, to mitigate potential foreign exchange losses as overseas business expands[152]. - The company has implemented strict accounts receivable management policies and will enhance aging analysis and recovery management to control risks[154]. Corporate Governance - The company emphasizes the importance of accurate financial reporting, with key personnel affirming the completeness and truthfulness of the annual report[4]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance regulations[161]. - The company has established a comprehensive internal control system to enhance governance and ensure the achievement of operational goals[166]. - The company emphasizes investor relations management, utilizing multiple platforms to communicate effectively with investors and safeguard their rights[168]. - The company maintains complete independence from its major shareholders in terms of business, assets, personnel, organization, and finance[169]. Strategic Initiatives - The company is committed to expanding its market presence and enhancing its product offerings through research and development initiatives[5]. - The company plans to continue expanding its product offerings and market presence in the glass deep processing sector[29]. - The company aims to maximize shareholder value by reallocating unused fundraising to supplement working capital permanently[114]. - The company is considering strategic acquisitions to enhance its supply chain, with a budget of 200 million RMB allocated for potential deals[186]. - The company aims to improve customer satisfaction scores by 15% through enhanced service offerings[186]. - The management team emphasized a commitment to sustainability, planning to reduce carbon emissions by 20% over the next five years[186].