APLUS(SZ:300163)2022-04-24 16:00Financial Performance - The net profit attributable to shareholders decreased by over 50% year-on-year, primarily due to rising raw material prices and the impact of the COVID-19 pandemic on supply chains [4]. - The company's revenue increased by 11.07% compared to 2020, indicating a stable core business despite external challenges [5]. - The company reported a net profit attributable to shareholders was a loss of CNY 3,484,687.57, representing a decrease of 119.17% from a profit of CNY 18,182,348.54 in 2020 [26]. - The net cash flow from operating activities decreased by 72.95% to CNY 21,653,212.52 from CNY 80,035,668.12 in the previous year [26]. - The total assets at the end of 2021 were CNY 689,118,320.19, down 3.87% from CNY 716,872,308.66 at the end of 2020 [26]. - The company reported a basic earnings per share of -0.0074, a decline of 119.27% from 0.0384 in 2020 [26]. - The company’s net profit after deducting non-recurring gains and losses was a loss of CNY 13,565,378.22, compared to a profit of CNY 373,902.89 in 2020, marking a decrease of 3,728.05% [26]. - The company’s weighted average return on equity was -0.58%, down from 3.09% in 2020 [26]. - The company received government subsidies amounting to CNY 2,560,331.87, down from CNY 4,875,685.26 in 2020 [32]. - The company reported a significant decrease in quarterly net profit, with a loss of CNY 9,291,634.50 in Q4 2021 [29]. Revenue Breakdown - The company's operating revenue for 2021 was CNY 306,256,010.49, an increase of 11.07% compared to CNY 275,721,490.77 in 2020 [26]. - The revenue from fabric, window coverings, and shading products was CNY 285,319,497.09, compared to CNY 264,752,768.27 in 2020 [27]. - The revenue from the shading fabric manufacturing sector decreased by 7.02% to CNY 174.88 million, while the revenue from shading products increased by 39.61% to CNY 121.91 million [55]. - The company achieved a significant increase in coal trading revenue, which surged by 2,771.27% to CNY 9.14 million [55]. - The domestic market revenue increased by 30.58% to CNY 88.82 million, while international market revenue grew by 4.69% to CNY 217.43 million [55]. Cost and Expenses - The cost of raw materials in the operating costs increased to CNY 154,557,461.63, representing 63.20% of total operating costs, due to rising average unit procurement costs [59]. - Research and development expenses decreased by 38.97% to CNY 10,058,871.18, primarily due to reduced investment in R&D materials compared to the previous year [63]. - The company’s financial expenses decreased by 64.95% to CNY 4,032,377.23, mainly due to reduced borrowings and exchange rate fluctuations [63]. - The company’s cash outflow from investment activities increased by 172.57% to CNY 16,963,227.70, primarily due to higher cash payments for forward foreign exchange settlements [67]. Market Position and Strategy - The proportion of foreign sales in total revenue was 71% in 2021, highlighting the company's reliance on international markets [9]. - The company plans to enhance its core technology advantages and improve product quality to achieve cost minimization and profit maximization in 2022 [5]. - The company aims to expand its sales channels and leverage synergies among subsidiaries to boost sales of its main products [5]. - The company is actively expanding its product applications, which will provide more revenue opportunities [40]. - The market for functional sunshade products is expected to grow significantly due to changing consumer habits and increased product awareness [38]. - The company is positioned in the mid-to-high-end market for sunshade materials, facing increasing competition from both domestic and foreign players [39]. - The company plans to continue its technology upgrades to further reduce production costs and improve operational efficiency [52]. Innovation and Development - The company has developed four innovative new materials for sunshade products, breaking the monopoly of foreign enterprises in this field [41]. - The company has introduced innovative products such as halogen-free flame-retardant fabrics and aluminum-coated fabrics, enhancing its product offerings [47]. - The company has added 3 new invention patents during the reporting period, reflecting its commitment to continuous innovation [53]. - The company has developed new high-performance composite materials aimed at expanding its product offerings in the shading market [66]. Governance and Compliance - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, ensuring compliance with relevant regulations [91]. - The company emphasizes information disclosure, adhering to regulations and maintaining good communication with investors [97]. - The company has not encountered any significant discrepancies in its governance practices compared to regulatory requirements [101]. - The company’s independent directors are actively involved in other organizations, indicating a broad network of expertise [109]. - The company has maintained a stable management team with no resignations or dismissals reported during the period [106]. Employee and Social Responsibility - The company emphasizes employee rights protection, providing benefits such as health check-ups and training opportunities [138]. - The company has implemented measures to enhance employee satisfaction and team cohesion through cultural activities [138]. - The company is committed to fulfilling its social responsibilities while continuously innovating in the shading energy-saving sector [135]. - The company actively responded to national epidemic prevention policies, implementing strict measures such as disinfection and access control [140]. Shareholder Information - The total number of shares is 474,000,000, with 99.92% being unrestricted shares [180]. - The largest shareholder, Lu Xianfeng, holds 22.14% of the shares, totaling 104,924,203 shares, with a decrease of 7,483,500 shares during the reporting period [182]. - The total number of shareholders at the end of the reporting period was 28,028, a decrease from 37,644 at the end of the previous month [182]. - The company has not experienced any changes in its controlling shareholder during the reporting period [185].