横河精密(300539) - 2021 Q4 - 年度财报

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.80 CNY per 10 shares to all shareholders, based on a total of 222,139,531 shares [4]. - The company has no plans for bonus shares or capital increase through capital reserves for this period [4]. - The cash dividend distribution represents 100% of the total profit distribution amount, with no stock dividends or capital reserve transfers involved [151]. - The company maintains a cash dividend policy that requires a minimum of 20% of distributable profits to be allocated as cash dividends during profit distribution [151]. - The company’s profit distribution plan must be approved by the board of directors and subsequently by the shareholders' meeting, with a two-thirds majority required for approval [149]. - The company’s profit distribution policy allows for adjustments based on significant changes in the operating environment or a decline in net profit or cash flow exceeding 20% compared to the previous year [149]. - The company’s retained earnings will be carried forward for future distribution after the current year's profit distribution [153]. - The company ensures that minority shareholders have the opportunity to express their opinions and that their rights are adequately protected during the profit distribution process [151]. Financial Performance - The company's operating revenue for 2021 was CNY 696,017,062.82, representing a 20.38% increase compared to CNY 578,167,831.67 in 2020 [5]. - The net profit attributable to shareholders for 2021 was CNY 22,055,037.32, a 51.98% increase from CNY 14,512,225.92 in 2020 [5]. - The net profit after deducting non-recurring gains and losses was CNY 18,696,861.15, up 63.21% from CNY 11,455,370.28 in 2020 [5]. - The net cash flow from operating activities was CNY 75,600,656.38, an increase of 18.82% from CNY 63,627,352.79 in 2020 [5]. - The total assets at the end of 2021 were CNY 1,101,409,440.12, a 4.44% increase from CNY 1,054,600,066.54 at the end of 2020 [5]. - The company's basic earnings per share for 2021 was CNY 0.100, a 42.86% increase from CNY 0.070 in 2020 [5]. - The total revenue for 2021 was 142.641 million, representing a year-on-year increase of 4.328% [122]. - The company reported a net profit of 35.5 million, with a profit margin of approximately 24.9% [122]. Research and Development - The company focuses on independent R&D and has established a collaborative R&D system to enhance product variety and value [42]. - Research and development expenses increased by 18.46% to ¥26,807,125.70 compared to the previous year [68]. - The number of R&D personnel increased by 0.81% to 125, with R&D personnel accounting for 12.33% of the total workforce [72]. - R&D investment amounted to ¥26,807,125.70, representing 3.85% of operating revenue [72]. - The company plans to increase R&D investment in precision molds, gear transmission, lightweight applications for new energy vehicles, and heat dissipation modules [104]. - The company has committed to investing 100 million RMB in R&D to innovate and improve existing technologies over the next three years [178]. Market Expansion and Product Development - The company aims to further expand its market presence in the smart home sector while consolidating existing customer relationships [29]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2024 [124]. - New product development includes the launch of a precision mold series, expected to contribute an additional 20 million in revenue in 2022 [124]. - A strategic acquisition of a local competitor is under consideration to enhance production capabilities and market reach [126]. - The company aims to launch three new products in the next quarter, expected to contribute an additional 100 million RMB in revenue [186]. Corporate Governance - The company has established a modern corporate governance structure, including a shareholder meeting, board of directors, supervisory board, and management team [118]. - The company maintains complete independence in operations, assets, personnel, finance, and business from its controlling shareholders [118]. - The independent directors have actively participated in monitoring the company's development and governance, ensuring the protection of investor interests [116]. - The company emphasizes transparent investor relations, providing multiple communication channels for timely information access [117]. - The company held 3 shareholder meetings during the reporting period, all in compliance with the regulations of the "Listed Company Shareholder Meeting Rules" [114]. Risk Management - The company faces risks from raw material price fluctuations, market competition, and foreign exchange volatility, and plans to implement strategies to mitigate these risks [107][109]. - The company has committed to bear all economic losses and related costs if any of its subsidiaries face production disruptions due to lease agreements [183]. - The company reported a tax reduction of 77.34 million yuan due to local tax incentives in Shenzhen, which poses a risk of potential tax repayment by the relevant authorities [185]. Employee Welfare and Development - The company has a structured performance evaluation system to incentivize employee performance through basic salaries and performance bonuses [141]. - The company has established a comprehensive annual training plan covering lean production, skills training, quality management, and safety [142]. - The company emphasizes employee welfare by providing benefits such as transportation, holiday gifts, and various employee activities [141]. - The company has a total of 31 retired employees for whom it bears costs, reflecting its commitment to employee welfare [140]. Investment and Financial Management - The company has implemented a centralized procurement model to effectively reduce costs while ensuring quality [43]. - The company has reported a significant increase in fixed asset investments, which contributed to the cash outflow in investing activities [73]. - The company’s total liabilities included short-term loans of ¥280,676,666.60, which accounted for 25.48% of total assets, reflecting a slight increase from the previous year [78]. - The company has established a link between the compensation measures and the performance of its stock incentive plans [197]. Strategic Initiatives - The company is actively pursuing new projects while managing risks associated with external factors [86]. - The company aims to become a leading global solution provider in precision manufacturing within 5-10 years, focusing on technology and innovation [103]. - The company is committed to maintaining high standards of corporate governance, as evidenced by the unanimous approval of various proposals by the board [135].