Houpu Clean Energy (SZ:300471)2022-03-23 16:00Financial Performance - The company reported a total revenue of 364,720,000 in 2021, with no cash dividends distributed to shareholders[7]. - The company's operating revenue for 2021 was ¥874,813,424.57, representing an increase of 82.87% compared to ¥478,371,179.63 in 2020[23]. - The net profit attributable to shareholders in 2021 was ¥10,915,333.67, a significant recovery from a loss of ¥167,735,047.89 in 2020, marking a 106.51% improvement[23]. - The total assets at the end of 2021 amounted to ¥2,182,664,454.87, reflecting a 14.14% increase from ¥1,912,304,252.20 at the end of 2020[23]. - The basic earnings per share for 2021 was ¥0.0299, a turnaround from -¥0.4599 in 2020, indicating a 106.50% improvement[23]. - The company reported a net cash flow from operating activities of -¥27,705,408.90 in 2021, which is a 12.43% improvement from -¥31,637,593.61 in 2020[23]. - The company's weighted average return on equity was 1.03% in 2021, recovering from -14.76% in 2020, an increase of 15.79 percentage points[23]. - The revenue from the main business after deducting unrelated income was ¥851,849,493.59 in 2021, compared to ¥465,767,125.59 in 2020[23]. - The company achieved a revenue of 874.81 million yuan, representing a year-on-year growth of 82.87%[55]. - The net profit attributable to shareholders was 10.92 million yuan, an increase of 106.51% compared to the previous year[55]. - The total assets at the end of the reporting period reached 2.18 billion yuan, a growth of 14.14% from the beginning of the year[55]. Market Position and Strategy - The company plans to expand its market presence and enhance its product offerings, focusing on clean energy technologies[7]. - The company has established several wholly-owned subsidiaries to strengthen its market position in clean energy[15]. - The company is positioned in the clean energy sector, particularly in natural gas and fuel cell vehicles, which are supported by national policies promoting clean energy usage[33]. - The company has expanded its international business, exporting over 300 CNG refueling machines to Egypt and 20 LNG complete skid-mounted equipment to Germany[58]. - The company is actively pursuing technological, management, and business model innovations to cultivate new growth points and competitive advantages[55]. - The company aims to enhance its market share in the LNG fuel supply system for ships, with ongoing research and development projects targeting high-efficiency solutions[95]. - The company is focusing on international market expansion by directly selling products to end customers and collaborating with local distributors[68]. - The company is committed to a production model based on "sales-driven production," ensuring that production aligns closely with customer demand and project timelines[63]. Research and Development - The company has achieved 70% of the components in hydrogen refueling stations to be fully developed and produced independently, enhancing its import substitution rate[44]. - The company has successfully developed and launched several hydrogen-related products, including a 35MPa hydrogen compressor and a 45MPa piston-type hydrogen compressor, which are now in small-scale production[60]. - The company is developing a hydraulic hydrogen compressor with a maximum working pressure of 45MPa and a rated flow of 600Nm³/h, aimed at enhancing product competitiveness in the hydrogen energy sector[93]. - The project for a 70MPa hydrogen refueling machine testing device is underway, with a design pressure of 96.3MPa, which will improve the company's brand influence in high-pressure hydrogen measurement[94]. - The company plans to apply for multiple patents related to its new technologies, including 3 software copyrights and 4 invention patents[95]. - The company’s R&D investment amounted to ¥42,140,558.87 in 2021, representing 4.82% of total revenue, a decrease from 6.70% in 2020[96]. - The number of R&D personnel increased by 22.37% from 152 in 2020 to 186 in 2021, with a notable rise in master's degree holders by 28.57%[96]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and enhancing transparency in operations[135]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards[138]. - The company has a supervisory board with 3 members, including 1 employee supervisor, fulfilling regulatory requirements[139]. - The company has an independent financial department with a separate accounting system, ensuring financial management is not influenced by major shareholders[149]. - The audit committee oversees the implementation of internal audit systems, ensuring the authenticity and completeness of financial information[142]. - The company has a governance structure that includes a board of directors, supervisory board, and independent directors to enhance checks and balances[148]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance and governance stability[160]. Environmental and Safety Practices - The company has been recognized as an AAA-level green enterprise, reflecting its commitment to environmental protection and sustainable practices[191]. - The company has implemented measures to control emissions, including the installation of water curtain spray booths and activated carbon adsorption devices for paint waste gas treatment[189]. - The company has maintained compliance with environmental regulations, with no significant pollution incidents reported during the reporting period[190]. - The company emphasizes a "safety first, prevention-oriented" approach, with a QHSE management committee overseeing safety management across all subsidiaries[198]. - The company has established a comprehensive safety management system, including emergency response plans for various scenarios such as CNG and LNG production incidents[197]. - In 2021, the company conducted 1 comprehensive emergency plan and 9 specialized emergency plans, enhancing employee awareness of fire safety and emergency evacuation skills[199]. Employee and Management Practices - The total number of employees at the end of the reporting period was 1,086, with 518 in the parent company and 568 in major subsidiaries[171]. - The company has established a comprehensive welfare system for employees, including paid annual leave and various subsidies for life events[195]. - The company has initiated a B-level talent cultivation plan to promote the rapid growth of younger employees, enhancing its talent development strategy[194]. - The total remuneration for directors, supervisors, and senior management in 2021 was CNY 3.8892 million, which includes basic salary, bonuses, allowances, and other forms of compensation[161]. - The company has a structured approach to determining executive compensation, ensuring alignment with performance and market standards[161]. - The management team includes individuals with extensive experience in finance and project management, enhancing the company's operational capabilities[160]. Risk Management - The company has a comprehensive risk management strategy in place to address potential operational risks[7]. - The company emphasizes the importance of accurate financial reporting and has committed to transparency in its disclosures[6]. - The company is actively responding to macroeconomic risks by implementing measures such as "grasping sales, stabilizing production, controlling expenditures, and expanding financing" to minimize the impact of the COVID-19 pandemic on operations[126]. - The company is enhancing credit management and optimizing contract execution processes to mitigate accounts receivable risks, aiming to shorten collection periods and reduce bad debt risks[128]. - The company is closely monitoring foreign exchange market fluctuations to manage risks associated with currency exchange rates as international business expands[130].