NEWU(SZ:300472)2022-04-27 16:00Financial Performance - The company reported a net loss attributable to shareholders due to goodwill impairment, primarily caused by project delays related to the pandemic [6]. - The company's operating revenue for 2021 was ¥684,405,860.94, representing a 54.58% increase compared to ¥442,756,052.26 in 2020 [27]. - The net profit attributable to shareholders was -¥275,913,199.10, an improvement of 25.53% from -¥370,508,165.33 in the previous year [27]. - The net cash flow from operating activities improved significantly to -¥3,201,829.22, a 95.92% increase from -¥78,404,847.18 in 2020 [27]. - The total assets at the end of 2021 were ¥1,671,861,889.19, up 17.11% from ¥1,427,632,688.03 at the end of 2020 [27]. - The net assets attributable to shareholders increased by 26.76% to ¥883,362,199.59 from ¥696,871,571.79 in 2020 [27]. - The basic earnings per share improved to -¥1.10, a 39.56% increase from -¥1.82 in 2020 [27]. - The company reported a quarterly revenue of ¥210,270,811.13 in Q1, ¥129,390,487.70 in Q2, ¥193,933,299.39 in Q3, and ¥150,811,262.72 in Q4 of 2021 [30]. - The company experienced a significant loss in Q4 with a net profit of -¥328,246,006.64, contrasting with positive profits in the first three quarters [30]. - The weighted average return on equity improved to -30.52% from -41.88% in the previous year [27]. Business Strategy and Focus - The company is focused on the intelligent equipment manufacturing industry, aligning with national industrial policies that support smart manufacturing [8]. - The market outlook for the intelligent equipment manufacturing industry is positive, with expectations of revenue and net profit recovery as the pandemic is controlled [9]. - The company plans to enhance its profitability through improved R&D capabilities and expanding product lines via both independent development and external growth strategies [11]. - The company is accelerating the construction of a smart factory project for recycling used tires, aiming to optimize revenue structure and enhance profitability [12]. - The company focuses on the intelligent equipment manufacturing industry, emphasizing the integration of new technologies such as AI, 5G, and industrial internet to enhance smart manufacturing capabilities [38]. - The company is actively involved in the development of multi-crystalline silicon recycling equipment, driven by the strong demand for photovoltaic materials amid national carbon neutrality goals [42]. - The company is actively pursuing projects in the digital economy, including cloud and big data center initiatives [79]. - The company aims to enhance product competitiveness through new R&D projects, including a digital and intelligent manufacturing system [102]. Research and Development - The company invested 69,537,026.48 yuan in R&D, accounting for 10.16% of its revenue [80]. - The R&D team consists of industry veterans with expertise in various technologies, enabling the development of personalized products and solutions for clients [70]. - The company has achieved significant technological advancements in the field of waste tire pyrolysis and carbon black deep processing, with multiple patents applied for [44]. - The company holds 311 software copyrights, 52 invention patents, 8 design patents, and 140 utility model patents, showcasing its strong R&D capabilities [69]. - The company is focusing on the development of technologies to improve product quality and market share in the recycling industry [102]. Market Position and Competitiveness - The company holds a leading position in the industrial intelligent equipment sector, with high brand recognition and participation in drafting industry standards [43]. - The intelligent cracking equipment is primarily used for waste tire processing, which is recognized as an effective method for maximizing energy recovery and minimizing environmental impact [39]. - The market demand for intelligent equipment in the waste tire recycling industry is stable, driven by increasing investments in environmental protection and compliance with new regulations [41]. - The company’s intelligent digital display and storage equipment are crucial for national information infrastructure, showing resilience against industry cyclicality [40]. - The company’s intelligent display control equipment has formed a complete product line, becoming a key player in various sectors including security monitoring and rail transportation [45]. Financial Management and Governance - The company has established a comprehensive internal control system to ensure effective governance and risk management [137]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations [139]. - The company actively engages with investors through various channels to enhance transparency and protect shareholder rights [137]. - The audit committee oversees the implementation of internal audit systems and the execution of financial controls [137]. - The company has not experienced any significant discrepancies between its governance practices and regulatory requirements [138]. Challenges and Risks - The company faces risks from rapid industry changes and market competition, particularly from international high-end equipment manufacturers entering the domestic market [128]. - The ongoing COVID-19 pandemic may impact project implementation and cash collection, necessitating close monitoring of the situation [130]. - The company has seen an increase in accounts receivable, which poses a risk of cash flow shortages if collections are delayed [129]. Corporate Social Responsibility - The company actively engages in corporate social responsibility, creating value for shareholders while fulfilling obligations to employees and other stakeholders [186]. - The company is committed to legal compliance and actively participates in social welfare initiatives [188]. Employee and Management Structure - The total number of employees at the end of the reporting period was 695, with 159 in the parent company and 536 in major subsidiaries [169]. - The company has a structured remuneration system based on seniority, basic salary, performance pay, and other allowances [152]. - The management team includes professionals with extensive backgrounds in finance, engineering, and academia, indicating a diverse skill set to drive company growth [149]. - The company emphasizes a performance-based compensation system to attract and retain talent [170]. Shareholder Engagement - The company held its annual general meeting with a participation rate of 20.79% on May 21, 2021 [140]. - The first extraordinary general meeting in 2021 had a participation rate of 19.61% on October 13, 2021 [141]. - The second extraordinary general meeting in 2021 had a participation rate of 14.57% on December 15, 2021 [141].