Financial Performance - The net profit attributable to shareholders of the listed company was negative, primarily due to business restructuring and risk control measures, leading to a decrease in contract order revenue [4]. - The company reported a basic earnings per share of -¥0.6130 for 2021, down from ¥0.0756 in 2020 [21]. - The weighted average return on equity was -14.25% in 2021, compared to 1.71% in 2020 [21]. - The net profit attributable to shareholders was -¥76,435,676.49 in 2021, a significant decline from a profit of ¥9,427,082.87 in 2020 [21]. - The company achieved operating revenue of 533.24 million yuan in 2021, an increase of 2.80% year-on-year, but reported a net loss of 76.44 million yuan due to business restructuring and increased costs [43]. - The company's operating revenue for 2021 was ¥533,244,496.45, an increase of 2.80% compared to ¥518,723,551.37 in 2020 [21]. - The total assets at the end of 2021 were ¥1,173,039,269.66, a decrease of 2.53% from ¥1,203,465,169.75 at the end of 2020 [21]. - The company reported a significant increase in credit impairment losses and asset impairment losses compared to the same period last year [4]. - The company’s revenue from core business activities, after excluding unrelated income, was ¥531,092,565.99 in 2021 [21]. Business Strategy and Development - The company plans to focus on core business development and enhance sustainable profitability by leveraging existing resource and technological advantages [5]. - The company will promote new businesses related to hydrogen energy, industrial gases, and high-end equipment manufacturing in line with national carbon peak and carbon neutrality goals [5]. - The company aims to improve internal control mechanisms and strengthen risk management to enhance operational standards [5]. - The company will continue to invest in new product development and technology research to support future growth [5]. - The company plans to promote four major business platforms: deep cooling technology equipment manufacturing services, gas investment operations, clean energy investment operations, and transportation equipment manufacturing services [37]. - The company is actively expanding into the hydrogen energy sector, having signed a strategic cooperation agreement to develop comprehensive energy stations integrating oil, electricity, gas, and hydrogen [48]. - The company is focusing on industrial gas investment operations and special gas businesses, responding to the complex global economic situation [43]. - The company is exploring mergers and acquisitions to expand its operational scale in the gas sector, particularly in liquid air separation [96]. Research and Development - The company invested 21.79 million yuan in research and development in 2021, filing 12 invention patents and 15 utility model patents [49]. - The company has established a technical innovation management system to enhance the capabilities of its R&D personnel and maintain its technological advantage [42]. - The company has developed technologies for hydrogen production and purification, hydrogen liquefaction, and helium extraction, focusing on high-end equipment manufacturing and industrial gas [37]. - The company is actively investing in hydrogen production and liquefaction projects, focusing on energy-saving and emission-reduction initiatives in traditional coal chemical industries [97]. - The company is developing integrated charging stations and distributed energy equipment, with new contracts worth approximately 41.6 million yuan signed for these projects [46]. Financial Management and Capital Structure - The company has increased borrowing due to a significant cash flow deficit during the reporting period [4]. - The company plans to not distribute cash dividends, issue bonus shares, or convert reserves into share capital [6]. - The company raised a total of RMB 496,080,000 by issuing 36,000,000 shares at a price of RMB 13.78 per share, with a net amount of RMB 487,896,485.96 after deducting issuance costs [50]. - The company has a remaining balance of 118.65 million yuan from its fundraising, accounting for 0.40% of the total raised funds [88]. - The company has not made any cash dividend payments or share buybacks during the reporting period [148]. Market and Industry Trends - The natural gas consumption in China grew by 12.7% in 2021, indicating a strong market potential for the company [31]. - The company anticipates significant growth opportunities in the natural gas sector due to increasing government focus on clean energy and carbon neutrality [31]. - The market for industrial gases and air separation equipment is rapidly growing, driven by the development of new energy, electronics, and semiconductor industries [32]. - Sichuan Shudao Equipment Technology is focusing on expanding its market presence, particularly in the medical gas equipment sector, which is projected to grow by 20% annually [123]. Corporate Governance and Management - The company has established a sound corporate governance system, ensuring compliance with laws and regulations [154]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements [104]. - The company maintained complete independence in assets, personnel, finance, organization, and business from its controlling shareholder [108]. - The company has a complete personnel management system, independent of the controlling shareholder, with no dual positions held by senior management [109]. - The company has a structured salary system that includes fixed and variable components for its directors and senior management [130]. Employee Management and Development - The total number of employees at the end of the reporting period was 355, including 285 at the parent company and 70 at major subsidiaries [145]. - The company has established a performance management system linked to a flexible compensation system to ensure employee interests are protected [146]. - The company plans to enhance its training management system in 2022, focusing on various training programs to improve employee skills and management capabilities [147]. - The company has maintained a commitment to protecting the rights and interests of female employees, organizing health check-ups and consultations [160]. Risks and Challenges - The company faces risks related to accounts receivable management, with a significant balance that could impact asset quality if not collected timely [99]. - The company is addressing the challenges of expanding new business sectors by enhancing internal control mechanisms and risk management practices [99]. - The company has not reported any penalties from securities regulatory agencies for its directors, supervisors, and senior management in the last three years [129]. Environmental and Sustainability Initiatives - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years [123]. - The company has established an environmental management system in accordance with GB/T 24001-2016 / IS014001:2015 standards and has obtained the Environmental Management System Certification [157].
蜀道装备(300540) - 2021 Q4 - 年度财报