Yonggui(SZ:300351)2022-03-30 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[17]. - The company's operating revenue for 2021 was ¥1,149,332,316.40, representing a 9.08% increase compared to ¥1,053,695,313.38 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥122,227,666.69, a 16.43% increase from ¥104,976,922.28 in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥109,674,031.15, up 65.32% from ¥66,338,598.24 in 2020[22]. - The company's total assets at the end of 2021 were ¥2,677,404,081.00, a 6.62% increase from ¥2,511,265,705.59 at the end of 2020[22]. - The basic earnings per share for 2021 was ¥0.3186, reflecting a 16.45% increase from ¥0.2736 in 2020[22]. - The weighted average return on net assets for 2021 was 5.98%, compared to 5.43% in 2020[22]. - The company reported a net cash flow from operating activities of ¥90,818,158.32, a decrease of 17.04% from ¥109,469,220.66 in 2020[22]. - The company achieved a remarkable 81.42% growth in revenue from the new energy vehicle sector compared to the previous year[68]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[17]. - The company anticipates a revenue growth of 18% for the fiscal year 2022, driven by new product launches and market expansion efforts[17]. - The company plans to expand its market presence by entering two new provinces, aiming for a 10% market share in these regions within the next two years[128]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's market position and increase overall revenue by 5%[128]. - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[126]. Research and Development - The company is investing RMB 50 million in R&D for new technologies related to electric vehicle components[17]. - The company's R&D investment reached 94.97 million yuan, accounting for 8.26% of operating revenue, with a total of 538 authorized patents by the end of 2021[52]. - The company completed the R&D of a liquid-cooled high-power charging gun, reducing charging time from 2-3 hours to 5-15 minutes[77]. - The company has accumulated rich R&D experience in new fields such as rail transit vehicle components, new energy electric vehicles, communications, and military industries, and has obtained multiple patents[110]. - The company has maintained a stable and continuously growing technical team, ensuring steady progress in R&D capabilities and technology[110]. Product Development - New product development includes the launch of a high-efficiency connector series, expected to contribute an additional RMB 200 million in revenue in 2022[17]. - New product development includes the launch of a smart electrical device, projected to contribute an additional 200 million CNY in revenue within the first year of launch[128]. - The company has developed several new products, including high-power liquid-cooled charging guns and modular connectors for rail transit, enhancing its technological capabilities[59]. Customer Base and Engagement - User data showed a growth in the customer base, with an increase of 20% in new clients compared to 2020[17]. - User data indicates a growing customer base, with an increase of 20% in active users compared to the previous year, reaching 500,000 users[128]. - The company emphasizes a customer-centric approach, maintaining direct communication and quick service to meet diverse customer needs[50]. Financial Management and Investments - The company has not encountered any issues in the use and disclosure of raised funds during the reporting period[95]. - The company plans to use the remaining raised funds for temporary cash management and purchasing time deposits[95]. - The company has invested 50 million CNY in research and development for new technologies, focusing on sustainable energy solutions[128]. - The company has established a technical position salary management system to enhance the competitiveness and incentive of technical personnel salaries[148]. Risks and Challenges - Risks identified include supply chain disruptions and increased competition, with strategies in place to mitigate these risks[4]. - The company faces risks from increased competition that may lead to reduced gross margins, and it plans to maintain R&D investment to stay ahead in technology[109]. - The company is addressing rising costs by optimizing product structure and increasing production efficiency to mitigate the impact on profit margins[109]. Governance and Management - The company has a strong management team with extensive experience in the electrical industry, including Chairman Fan Jijun and General Manager Fan Zhengjun, both of whom have been with the company since its inception[125][126]. - The company has appointed new supervisors, including Xu Xiuxiu, to strengthen its governance structure[123]. - The board of directors attended all meetings, with no absences reported[136]. - The company has actively adopted suggestions from its directors during the reporting period[138]. Shareholder and Dividend Information - The company did not distribute cash dividends or bonus shares for the year 2021, as approved by the board of directors[4]. - The cash dividend total, including other methods, was 0 yuan, reflecting no cash dividends distributed for the year 2021[150]. - The company has no plans for cash dividends, stock dividends, or capital reserve transfers for the year 2021 due to negative distributable profits[152]. - The employee stock ownership plan included 110 employees holding a total of 2,307,800 shares, representing 0.60% of the company's total equity[153]. Operational Efficiency - The management team emphasized the importance of enhancing operational efficiency, targeting a 12% reduction in operational costs by the end of the next fiscal year[128]. - The company aims for a service response time of 3 hours and on-site arrival within 24 hours, ensuring high-quality after-sales service[55]. Environmental and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[163]. - There were no significant environmental protection issues reported, as the company is not classified as a key pollutant discharge unit[163]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[168].