ANCHE TECHNOLOGIES(SZ:300572)2022-04-27 16:00Financial Performance - In 2021, the net profit attributable to shareholders was CNY 10.256 million, a decrease of 94.57% year-on-year[6]. - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year growth of 15%[22]. - The company's operating revenue for 2021 was ¥473,311,882.20, a decrease of 48.25% compared to ¥914,690,791.01 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥10,256,036.70, down 94.57% from ¥188,912,689.95 in 2020[27]. - The net profit after deducting non-recurring gains and losses was -¥10,429,318.33 in 2021, a decline of 105.95% compared to ¥175,215,021.83 in 2020[27]. - The net cash flow from operating activities was -¥84,760,135.77 in 2021, a decrease of 260.97% from ¥52,654,552.57 in 2020[27]. - The total assets at the end of 2021 were ¥2,766,285,167.62, an increase of 66.64% from ¥1,659,988,235.23 at the end of 2020[27]. - The net assets attributable to shareholders at the end of 2021 were ¥2,148,710,725.87, up 110.82% from ¥1,019,230,598.36 at the end of 2020[27]. Market Trends and Demand - The total number of motor vehicles in China reached 395 million in 2021, with 302 million being cars, reflecting a 9-city increase in cities with over 1 million cars[8]. - The average age of vehicles in China has reached the mandatory inspection period, increasing the demand for vehicle inspections[42]. - The number of new registered energy vehicles in 2021 was 2.95 million, a 151.61% increase compared to the previous year, highlighting the growing demand for inspection services[135]. - The proportion of vehicles aged over 10 years increased by 2.11% in 2021, which is expected to drive the demand for vehicle inspection services[138]. - The implementation of stricter national standards for vehicle safety and emissions is anticipated to enhance the vehicle inspection service market[140]. - The demand for vehicle inspection services is expected to increase due to the growth in vehicle ownership and the aging of existing vehicles, with a gradual recovery in inspection volumes anticipated in 2022[157]. Company Strategy and Operations - The company plans to expand its downstream service market, focusing on inspection operations to enhance profitability[10]. - The company aims to optimize its revenue structure through mergers, acquisitions, and new station constructions[7]. - The company plans to expand its service network by opening 50 new inspection stations in 2022, aiming for a 25% increase in market coverage[22]. - The company is focusing on expanding its automotive aftermarket inspection services and exploring chain operation models for inspection stations[65]. - The company aims to achieve carbon neutrality in its operations by 2025, aligning with national environmental goals[22]. - The company is focusing on the development of downstream services related to vehicle inspection operations as a key area for future growth[146]. Innovation and Technology - As of December 31, 2021, the company held 82 patents and 193 software copyrights, showcasing its strong innovation capabilities[9]. - The company has launched a new remote sensing detection system, which is expected to increase inspection efficiency by 30%[22]. - The company is actively developing a remote OTA upgrade security testing device for smart connected vehicles, which is in the design phase[104]. - The company is focusing on the development of safety performance testing equipment for new energy vehicles, including battery testing and ADAS detection systems[104]. - The company has developed advanced technologies such as intelligent driving training robots and remote sensing detection systems, enhancing its competitive edge[70]. Risks and Challenges - The company faces various risks, including macroeconomic changes, policy shifts, and market competition, which are detailed in the report[10]. - The ongoing COVID-19 pandemic poses uncertainties in product delivery and business operations, which the company is addressing through enhanced management and local service teams[148]. - Changes in national mandatory inspection policies could affect the frequency and volume of vehicle inspections, which the company is monitoring closely[149]. - The recent expansion of the exemption policy for vehicle inspections may lead to a temporary decline in inspection frequency, but the company anticipates a recovery in inspection volumes as vehicle ownership continues to grow[150]. Governance and Management - The company has established a comprehensive performance evaluation system for senior management, linking their performance directly to compensation[166]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors[167]. - The internal audit system is effectively implemented, enhancing governance and ensuring the achievement of operational goals[170]. - The company respects the rights of stakeholders, maintaining a balance of interests among shareholders, employees, and society[169]. - The company has not engaged in any non-compliant governance practices, maintaining transparency and integrity in operations[169].