鲍斯股份(300441) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 2,171,826,108.03, representing a 10.19% increase compared to CNY 1,970,959,529.85 in 2020[26]. - The net profit attributable to shareholders for 2021 was CNY 266,209,666.40, a significant increase of 170.13% from CNY 98,549,800.21 in 2020[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 240,380,453.23, up 209.08% from CNY 77,773,805.68 in 2020[26]. - The company's total assets at the end of 2021 were CNY 3,277,165,986.56, a 14.75% increase from CNY 2,856,003,805.09 at the end of 2020[26]. - The basic earnings per share for 2021 was CNY 0.43, reflecting an increase of 186.67% compared to CNY 0.15 in 2020[26]. - The weighted average return on net assets for 2021 was 18.58%, an increase of 11.34% from 7.24% in 2020[26]. - The net cash flow from operating activities for 2021 was CNY 340,029,092.53, a decrease of 23.86% from CNY 446,559,986.85 in 2020[26]. - The company achieved a total operating revenue of ¥2,171.83 million in 2021, representing a year-on-year increase of 10.19%[54]. - The net profit attributable to shareholders reached ¥266.21 million, marking a significant year-on-year growth of 170.13%[54]. - The company's total assets increased to ¥3,277.17 million, up 14.75% compared to the previous year[54]. - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year growth of 15%[118]. - The net profit for 2021 was 150 million RMB, an increase of 20% compared to the previous year[119]. Market Strategy and Development - The company plans to enhance its core competitiveness and expand into new markets despite macroeconomic uncertainties and raw material price fluctuations[7][8]. - The company aims to improve product quality and brand image while focusing on technological innovation to meet market demands[10]. - The company plans to focus on high-end manufacturing and smart manufacturing, particularly in the development of compressors, vacuum pumps, and hydraulic pumps[95]. - The company aims to strengthen its fluid machinery business and explore the establishment of an industrial interconnection platform to empower the supply chain[95]. - The company is developing several new products, including a dry oil-free screw compressor and hydrogen fuel cell compressors, aimed at expanding its market presence[71]. - The company is focusing on enhancing its product offerings in the hydrogen fuel cell market, with multiple projects in different stages of development[71]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[119]. - New product development includes the launch of a next-generation energy equipment line, expected to contribute an additional 200 million RMB in revenue in 2022[118]. - The company is exploring partnerships with international firms to enhance its technological capabilities and expand its product offerings[119]. Research and Development - Research and development investment amounted to ¥103.50 million, reflecting a 16.97% increase year-on-year, with 394 R&D personnel and 690 valid patents held[55]. - The precision cutting tool segment focuses on the R&D, production, and sales of industrial cutting tools, with a goal to become a leading player in China's metal cutting tool industry within 3-5 years[40]. - The company has formed strategic partnerships with universities and research institutions, enhancing its technological innovation capabilities[51]. - The company is investing in research and development for new technologies to improve product offerings and maintain competitive advantage[112]. Profit Distribution and Shareholder Relations - The profit distribution plan includes a cash dividend of CNY 1.50 per 10 shares, based on a total of 652,256,868 shares[11]. - The company has a cash dividend policy where it distributes 1.50 yuan per 10 shares, totaling 97,838,530.20 yuan in cash dividends for the reporting period[137]. - The total cash dividend amount, including other methods, is 148,828,191.44 yuan, which accounts for 100% of the profit distribution total[137]. - The company plans to distribute cash dividends of no less than 20% of the distributable profits for the year, provided that the annual distributable profits are positive and the audit report is unqualified[162]. - The company has established a profit distribution policy that prioritizes cash dividends when conditions allow, ensuring sustainable operations[161]. - The company has made commitments to protect the rights and interests of minority shareholders, ensuring timely fulfillment of these commitments[181]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development as a core business strategy, focusing on energy-saving technologies[152]. - The company has supplied vacuum pump products to domestic photovoltaic enterprises, supporting clean energy production[152]. - The company reported a total waste discharge of 141 tons of waste emulsified liquid and 37.262 tons of paint sludge, with no exceedance of discharge standards[150]. - The company has committed to enhancing environmental awareness among employees through education and training initiatives[152]. - The company has maintained compliance with national laws and regulations, ensuring lawful operation and tax payment[152]. - The company actively participates in social welfare initiatives, contributing positively to community development and enhancing its social image[154]. Governance and Compliance - The company emphasized its commitment to improving corporate governance in accordance with relevant laws and regulations, ensuring equal rights for all shareholders[102]. - The company has not reported any incidents of fund misappropriation by controlling shareholders, ensuring the protection of minority shareholder interests[102]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal regulations[103]. - The company has no significant discrepancies in governance compared to regulatory requirements[103]. - The company has established measures to minimize and regulate related party transactions to promote sustainable operations[173]. - The company will not use its shareholder position to harm the interests of Baos shares and other shareholders[173]. Operational Efficiency - The overall financial performance shows a significant reliance on government support and operational efficiency improvements, with a focus on sustainable growth[32]. - The company is focused on enhancing its internal management and control systems to promote operational efficiency[102]. - The company has a complete business system and independent operational capabilities[104]. - The company has implemented measures to improve attendance of directors and senior management at shareholder meetings, including a formal leave request system[146]. Employee and Management - The total number of employees at the end of the reporting period is 3,344, with 1,328 in the parent company and 2,016 in major subsidiaries[131]. - The employee composition includes 2,172 production personnel, 290 sales personnel, 394 technical personnel, 83 financial personnel, 167 administrative personnel, and 238 management personnel[131]. - The management team has undergone changes, with new appointments aimed at aligning expertise with strategic goals[109]. - The total remuneration for the board of directors, supervisors, and senior management in 2021 amounted to CNY 6.844 million[123]. Future Outlook - Future guidance indicates a projected revenue growth of approximately 20% for the upcoming fiscal year[112]. - The company has set a performance guidance for 2022, aiming for a revenue target of 1.5 billion RMB, which would represent a growth of 25%[119]. - The company anticipates that the return on net assets may decline temporarily due to the investment cycle of fundraising projects[177].