BAOSE(SZ:300402)2022-03-31 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,256,642,228.29, representing a 15.07% increase compared to ¥1,092,062,565.96 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥52,915,337.82, a 30.81% increase from ¥40,453,427.47 in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,743,738.71, reflecting a 53.10% increase from ¥31,184,611.87 in 2020[21]. - The total assets at the end of 2021 were ¥1,866,197,818.93, an 8.09% increase from ¥1,726,489,021.88 at the end of 2020[21]. - The net assets attributable to shareholders decreased by 7.05% to ¥633,689,918.38 at the end of 2021 from ¥681,774,580.56 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥0.2620, up 30.80% from ¥0.2003 in 2020[21]. - The weighted average return on equity increased to 8.26% in 2021 from 6.06% in 2020, an increase of 2.20%[21]. - The total profit reached 51.90 million yuan, marking a year-on-year increase of 38.95%[69]. - The company achieved a net profit of 150 million RMB in 2021, up 20% compared to the previous year[181]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% year-over-year growth[194]. Research and Development - The company invested over 60 million yuan in R&D expenses, enhancing its core competitiveness through independent technology development[61]. - The company obtained 1 invention patent and 3 utility model patents during the reporting period, with a total of 53 patents held by the end of the period[61]. - The company's R&D investment amounted to ¥61,956,286.43 in 2021, representing 4.93% of its operating revenue, an increase from 3.86% in 2020[101]. - New product development efforts are underway, with an investment of 50 million RMB allocated for R&D in advanced titanium materials[176]. - Research and development investments increased by 30%, totaling 150 million RMB, to enhance product offerings and technology[194]. Market Position and Strategy - The company operates in the special materials non-standard equipment manufacturing industry, which is experiencing significant growth due to increased demand in sectors like petrochemicals and renewable energy[31]. - The company has established itself as a leading manufacturer in the domestic special material non-standard equipment sector, with a comprehensive range of special materials and advanced technology[35]. - The company has secured significant projects in the PTA, PDH, and MMA chemical equipment sectors, maintaining a strong market position and competitive advantage[51]. - The company has become a key supplier for well-known domestic power battery raw material manufacturers, breaking industry monopolies with its large high-pressure reactor equipment[35]. - The company plans to expand its market presence in renewable energy and environmental protection sectors, leveraging national energy transition opportunities[131]. - The company aims to enhance its competitive edge in high-end product manufacturing, which is currently limited by funding and technology levels[116]. - The company is exploring potential mergers and acquisitions to strengthen its supply chain and market position[194]. Operational Efficiency - The company has implemented a comprehensive cost control strategy, ensuring actual costs remain within budget across all project phases, thereby enhancing profitability[81]. - The company has established a price management committee to mitigate risks from raw material price fluctuations, enhancing its risk management framework[81]. - The company has maintained a stable core technical team and has not experienced significant changes in its operating model or competitive advantages during the reporting period[57]. - The company has implemented a fixed-term and contractual management system for its management team to enhance operational efficiency and accountability[82]. - The company is focusing on business innovation and expanding into strategic emerging industries such as environmental protection and marine engineering[133]. Governance and Compliance - The company is committed to maintaining a high standard of corporate governance and compliance with regulatory requirements to build investor trust[137]. - The company has a robust governance structure with checks and balances through its board of directors, supervisory board, and independent directors[166]. - The company has no related party transactions that could compromise its independence or create conflicts of interest[165]. - The company emphasizes the importance of information disclosure to enhance investor relations management, ensuring timely and accurate reporting of production, operations, and financial status[137]. - The company held its first temporary shareholders' meeting in 2021 with a participation rate of 62.80% on March 18, 2021[168]. Risk Management - The company acknowledges the risk of accounts receivable due to long payment cycles and increasing amounts, and plans to strengthen project management and implement stricter credit control measures[143]. - The company faces risks related to macroeconomic conditions, with potential impacts on marketing orders and operational performance due to fluctuations in fixed asset investments in downstream industries[139]. - The company emphasizes strict adherence to contract payment terms to address client-related performance risks[146]. - The company is enhancing financial management to optimize asset and debt structure, ensuring project cost control within budget[135]. Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming for 1.875 billion RMB[194]. - The company plans to enhance its digital marketing efforts, allocating 50 million RMB to improve online engagement and sales[194]. - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 20% over the next five years[174]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in international sales by 2023[181].