富瑞特装(300228) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥1,586,778,588.92, a decrease of 12.14% compared to ¥1,806,080,635.56 in 2020[22] - The net profit attributable to shareholders for 2021 was ¥42,204,185.31, down 40.90% from ¥71,416,882.32 in 2020[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,393,316.72, a decline of 80.71% from ¥43,520,957.04 in 2020[22] - The basic earnings per share for 2021 was ¥0.08, a decrease of 46.67% compared to ¥0.15 in 2020[22] - In 2021, the company achieved a revenue of CNY 158,677.86 million, a decrease of 12.14% year-on-year, and a net profit of CNY 4,220.42 million, down 40.90% year-on-year[51] Cash Flow and Assets - The net cash flow from operating activities increased by 191.88% to ¥293,088,798.64 from ¥100,412,618.30 in 2020[22] - The total assets at the end of 2021 were ¥3,537,581,997.40, a slight decrease of 0.06% from ¥3,539,878,042.36 at the end of 2020[22] - The net cash flow from operating activities for the year was CNY 293.09 million, with quarterly cash flows of CNY 56.58 million, CNY 173.84 million, CNY 55.54 million, and CNY 7.13 million[24] - The net cash flow from investment activities decreased significantly by 1,871.48% to -CNY 422,544,057.56, mainly due to investments in financial products[82] - The net cash flow from financing activities improved, with a net increase of CNY 189,299,915.00, a turnaround from a net outflow of -CNY 50,092,198.72 in the previous year[82] Market and Industry Trends - The LNG vehicle market faced challenges in 2021, with a 13.8% decline in heavy truck sales and a 58% drop in LNG heavy truck sales compared to 2020[32] - China imported 121.36 million tons of natural gas in 2021, a 19.9% increase year-on-year, making it the world's largest LNG importer[33] - The global energy investment in 2021 reached USD 1.9 trillion, indicating a recovery in the market and increased demand for heavy equipment[34] Research and Development - The company achieved a revenue of 77,538,853.94 yuan in R&D investment, accounting for 4.89% of total operating income, enhancing its technological barriers and market competitiveness[44] - The company holds a total of 250 authorized patents, including 47 invention patents, 199 utility model patents, and 1 design patent, with 61 new patent applications filed in 2021[44] - The company is actively developing new technologies and products, including LNG high-pressure direct injection vehicle-mounted gas supply systems and liquid hydrogen vehicle-mounted hydrogen supply systems, laying the foundation for future development in clean energy intelligent equipment[43] Business Strategy and Operations - The company is actively exploring a new business model that integrates advanced manufacturing with modern service industries, particularly in the development of small-scale LNG liquefaction plants in remote areas[36] - The company operates under a group management model, with specific business operations handled by its subsidiaries[38] - The company is focused on integrating equipment manufacturing and energy services, promoting liquefaction processing and sales of natural gas at remote wellheads[43] Risk Management - The company does not foresee any significant risks affecting its normal operations[5] - The company faces risks from market volatility, including geopolitical tensions and fluctuating commodity prices, which may impact its LNG vehicle gas supply system sales[121] - The ongoing COVID-19 pandemic continues to affect the company's operations, with potential disruptions in production and logistics[122] Corporate Governance - The company has established a strategic committee, a compensation and assessment committee, an audit committee, and a nomination committee, with independent directors leading three of these committees[131] - The company has maintained transparency in information disclosure, ensuring that all significant information is disclosed in a timely and accurate manner[134] - The internal audit department reports to the audit committee, ensuring effective communication between internal and external audits[135] Employee and Management - The total number of employees at the end of the reporting period was 1,680, with 1,626 from major subsidiaries and 54 from the parent company[167] - The company has implemented a training program aimed at enhancing employee skills and aligning with corporate development needs[169] - The company has a structured salary policy linking compensation to performance, with management positions on an annual salary system[168] Environmental Responsibility - The company has implemented strict environmental management practices, ensuring that all hazardous waste is handled in compliance with regulations, with no environmental pollution incidents reported during the reporting period[187] - The company has invested significantly in environmental protection facilities, achieving stable compliance in wastewater and waste gas emissions, and has completed all environmental impact assessments for construction projects[188] Future Outlook - The company plans to expand its market presence and enhance product development in the upcoming fiscal year[144] - The company aims to leverage the "dual carbon" strategic development opportunities to accelerate research and innovation, improve asset efficiency, and enhance profitability[113] - The company plans to enhance its overseas market development and implement a global marketing strategy, focusing on LNG equipment and services[114]