JGGF(SZ:300510)2022-04-27 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% compared to 2020[1]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% from the previous year[1]. - The company's operating revenue for 2021 was ¥1,074,261,242.06, representing a 27.10% increase compared to ¥845,185,627.22 in 2020[21]. - The net profit attributable to shareholders decreased by 43.77% to ¥31,614,083.91 in 2021 from ¥56,227,177.97 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥1,222,103.45, a significant recovery from a loss of ¥115,146,969.86 in 2020, marking a 101.06% improvement[21]. - The company reported a significant improvement in net profit after deducting non-recurring gains and losses, indicating a recovery trend in profitability[21]. - The company achieved a revenue of 1,074.26 million yuan in 2021, representing a year-on-year growth of 27.10%[59]. - The net profit attributable to shareholders was 31.61 million yuan, a decrease of 43.77% compared to the previous year[59]. - The smart grid equipment business generated a revenue of 808.01 million yuan, with a year-on-year increase of 50.42%[60]. - The revenue from the new energy charging facilities business reached 132.14 million yuan, growing by 14.79% year-on-year[63]. Investment and R&D - The company plans to invest RMB 200 million in R&D for new energy technologies in 2022, focusing on electric vehicle charging solutions[1]. - The company has developed several high-tech products, including a 500kW split supercharging DC charger and a 360kW integrated dual-gun DC charging pile[63]. - The company has established a comprehensive R&D, design, production, and sales model, allowing for independent production activities based on market demand[41]. - The company is focusing on developing smart electrical equipment and systems, including smart meters and information collection systems, to enhance energy management and efficiency[39][40]. - The company has developed a smart interconnected product based on IoT communication technology, positioning itself as a leading supplier in the national smart meter market[52]. - The company’s R&D investment in 2021 amounted to ¥65,392,553.44, representing 6.09% of total revenue, a decrease from 8.14% in 2020[92]. - The number of R&D personnel increased to 180 in 2021, up 7.14% from 168 in 2020, with the proportion of R&D staff rising to 20.52%[92]. Market Expansion and Strategy - The company has set a target to expand its market presence by entering three new provinces in 2022, aiming for a 25% increase in market share[1]. - The company aims to leverage the growing charging infrastructure market, which saw a 70.1% increase in total charging facilities to 2.617 million units by the end of 2021[37]. - The company is actively pursuing external resource cooperation opportunities, leveraging its state-owned background to gain competitive advantages in the Central Plains region[58]. - The company aims to become a leading operator of centralized fast charging networks, targeting public transport and logistics sectors for stable cash flow[47]. - The company is focusing on a "big customer strategy" and has strengthened cooperation with major clients, leading to an increase in bid success rates for its smart electrical equipment products[43]. Operational Efficiency and Management - The company is focusing on lean management to improve organizational profitability and optimize resource allocation[69]. - The company has implemented a "Group Big Marketing" strategy to enhance its marketing capabilities and better serve major clients like the State Grid and Southern Power Grid[68]. - The company aims to improve production efficiency by implementing refined production and lean management, optimizing production processes to reduce costs while ensuring product quality[124]. - The company has established a scientifically designed, simple, applicable, and effective internal control system to enhance operational management and risk prevention[198]. - There were no significant internal control deficiencies identified during the reporting period[199]. Governance and Compliance - The company held 4 shareholder meetings during the reporting period, ensuring compliance with legal regulations and company bylaws[141]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal and regulatory requirements[143]. - The company conducted 13 board meetings, adhering to proper procedures and regulations[145]. - The supervisory board has 3 members, including 2 employee supervisors, and held 6 meetings during the reporting period[146]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, and finance[149]. - The company has established an independent financial management department with a complete accounting system and independent bank accounts[153]. - The company has a robust governance structure that complies with the Corporate Law and relevant regulations[149]. Risks and Challenges - The company is aware of industry policy risks and will enhance innovation capabilities and production efficiency to improve product competitiveness[128]. - The company recognizes the market competition risk in high-tech sectors and will increase R&D investment to ensure product competitiveness in smart grid and new energy charging facilities[130]. - The company faces risks from rising raw material prices, which could impact gross margins, and will enhance supply chain management to mitigate these risks[132]. - The company is addressing talent resource risks by improving talent management systems and establishing a performance-based incentive mechanism[134]. - The company is actively managing the impact of the ongoing pandemic on its operations by maintaining communication with stakeholders and implementing measures to minimize negative effects[135]. Future Outlook - Future guidance indicates expected revenue growth of 10-15% for 2022, driven by increased demand for electric vehicle infrastructure[1]. - The company aims to become a comprehensive energy management service provider by integrating "smart power + new energy" strategies, focusing on the development of distributed and centralized photovoltaic power stations, and energy storage systems[112]. - The company plans to enhance its technological innovation capabilities and expand market share in the rapidly growing electric power and new energy sectors[120]. - In 2022, the company will focus on solidifying its core business in smart power equipment and new energy charging facilities while expanding integrated services across various energy sectors[121].