Haibo(SZ:300517)2022-03-21 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,117,898,630.66, representing a 30.41% increase compared to ¥857,230,045.59 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥91,062,292.47, a significant increase of 75.45% from ¥51,902,809.21 in 2020[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥93,173,883.69, up 83.33% from ¥50,822,227.80 in 2020[19]. - The basic earnings per share for 2021 was ¥0.46, reflecting a 70.37% increase from ¥0.27 in 2020[19]. - The total assets at the end of 2021 amounted to ¥1,895,392,110.91, a 4.92% increase from ¥1,806,491,735.34 at the end of 2020[19]. - The net assets attributable to shareholders at the end of 2021 were ¥922,405,895.18, which is a 9.25% increase from ¥844,306,476.88 at the end of 2020[19]. - The company reported a net cash flow from operating activities of -¥97,878,209.52, a decline of 885.53% compared to ¥12,460,150.66 in 2020[19]. - The weighted average return on equity for 2021 was 10.26%, an increase of 3.32% from 6.94% in 2020[19]. Quarterly Performance - The company's total revenue for Q1 2021 was approximately CNY 415.83 million, with a net profit attributable to shareholders of CNY 38.96 million[22]. - In Q2 2021, the revenue decreased to approximately CNY 261.70 million, while the net profit attributable to shareholders was CNY 26.05 million[22]. - The net profit attributable to shareholders for Q3 2021 dropped to CNY 7.22 million, with revenue at CNY 173.60 million[22]. - Q4 2021 saw a revenue increase to approximately CNY 266.76 million, with a net profit of CNY 18.83 million[22]. - The company reported a negative cash flow from operating activities in Q1 and Q2 2021, with net cash flow of CNY -45.79 million and CNY -46.19 million respectively, but a positive cash flow of CNY 21.52 million in Q4[22]. Investment and R&D - The company has established a "super heavy bridge steel structure R&D, manufacturing, and logistics base project" to enhance its competitive advantage in the market[45]. - The company has made significant progress in the research and development of steel box arch bridges, aiming to enhance construction efficiency and reduce costs through innovative floating construction techniques[96]. - The company is focusing on optimizing waste gas treatment methods for plasma cutting equipment, addressing environmental concerns and enhancing production safety[97]. - The company’s R&D investment amounted to ¥39,851,563.09 in 2021, representing 3.56% of total revenue, an increase from 3.49% in 2020[98]. - The number of R&D personnel increased by 30.08% from 133 in 2020 to 173 in 2021, with R&D personnel now accounting for 41.89% of the total workforce[98]. Market and Industry Trends - The total fixed asset investment in China for 2021 was CNY 55.29 trillion, reflecting a growth of 4.9% compared to the previous year[31]. - The construction industry in China saw an increase in value added of CNY 80.14 trillion in 2021, growing by 2.1% year-on-year[31]. - The company is positioned to benefit from the increasing demand for prefabricated steel structures in bridge construction, driven by environmental sustainability and resource efficiency[42]. - The steel structure bridge industry is experiencing accelerated development due to the promotion of green transportation infrastructure, despite facing challenges from macroeconomic downturns[43]. - The application of steel structures in bridge engineering is currently low in China compared to developed countries, indicating substantial growth potential in the sector[42]. Governance and Management - The company has established a complete and independent business system, ensuring independence in assets, personnel, finance, and operations from the controlling shareholder[165]. - The company has independent financial management and accounting systems, with no shared bank accounts with the controlling shareholder[168]. - The company actively fulfills its social responsibilities and maintains communication with stakeholders to balance interests[161]. - The company emphasizes transparency in information disclosure, ensuring timely and accurate information is available to all shareholders[163]. - The company has a robust governance structure with clear roles and responsibilities among management, the board, and supervisory bodies[169]. Future Plans and Strategies - The company aims to enhance its core business in bridge steel structure manufacturing and installation, leveraging the national push for green construction and transportation infrastructure development[123]. - In 2022, the company plans to improve its marketing system and competitive strategies, increasing R&D and equipment upgrade investments to enhance product quality and reduce manufacturing costs[124]. - The company intends to expand its total contracting business, transitioning from specialized subcontracting to total contracting, with a focus on building an independent operational management system[129]. - The company will explore the development and manufacturing of other steel structure products to diversify its product offerings and create new growth points[130]. - The company aims to achieve a 90% suitability rate through a competency evaluation system for its workforce[126]. Risks and Challenges - The company has outlined potential risks and countermeasures in its future development outlook section[5]. - Steel material costs significantly impact the company's operations, with strategies in place to lock in prices and mitigate risks from price fluctuations[136]. - The company has established a comprehensive risk control system for accounts receivable, addressing potential collection delays due to long project cycles and economic fluctuations[134]. - The company is exploring transformation opportunities to upgrade from specialized subcontracting to general contracting in construction[141]. Shareholder Engagement - The company held 1 annual general meeting and 1 extraordinary general meeting during the reporting period, ensuring all shareholders, especially minority shareholders, could exercise their rights[157]. - The annual shareholders' meeting had a participation rate of 57.61% on May 18, 2021, and 57.47% for the first extraordinary shareholders' meeting on September 3, 2021[171]. - The company is committed to protecting investors' rights and has implemented measures to ensure compliance with regulations[172].