GRKJ(SZ:300600)2022-04-26 16:00Financial Performance - In 2021, the company achieved operating revenue of CNY 220.09 million, a decrease of CNY 164.55 million (36.09%) compared to CNY 384.63 million in 2020, primarily due to the exclusion of specialized network communication business revenue[3]. - The net profit for 2021 was a loss of CNY 268.09 million, with CNY 246.46 million attributed to impairment losses in the specialized network communication business[4]. - The overall gross margin decreased from 31.64% in the previous year to 24.57% in 2021, with some civilian products experiencing gross margin losses[4]. - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-over-year increase of 15%[19]. - The net profit for the year was RMB 200 million, which is a 10% increase compared to the previous year[19]. - The company's operating revenue for 2021 was ¥220,089,747.81, a decrease of 42.78% compared to ¥570,252,522.80 in 2020[24]. - The net profit attributable to shareholders was -¥268,085,255.80, representing a decline of 493.15% from ¥68,189,243.05 in 2020[24]. - The basic earnings per share for 2021 was -¥0.90, down 491.30% from ¥0.23 in 2020[24]. - The company reported a total revenue of 30,510 million CNY for the year 2021, with a net profit of 1,974.26 million CNY, representing a significant increase compared to previous periods[93]. Research and Development - Research and development expenses amounted to CNY 14.98 million, representing 6.8% of the company's sales revenue, with 119 technical and R&D personnel making up 24.68% of the total workforce[5]. - The company has allocated RMB 100 million for research and development in new technologies for the upcoming year[19]. - The company invested nearly 15 million yuan in R&D in 2021, accounting for 6.8% of its annual revenue, despite a significant revenue decline[45]. - The company holds a total of 57 patents and 53 software copyrights, with 18 additional patents currently under review[45]. - The company has maintained a strong focus on technological innovation, adding 3 invention patents and 6 utility model patents in 2021, bringing the total to 57 patents[53]. - The company is focusing on enhancing its research and development capabilities, particularly in naval electrical equipment[116]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a revenue growth of 20% in that region for 2022[19]. - The company aims to achieve a gross margin of 35% in 2022, up from 30% in 2021[19]. - The board has set a performance guidance of RMB 1.5 billion in revenue for 2022, reflecting a growth target of 25%[19]. - The company plans to deepen internal management and enhance cost reduction and efficiency efforts in 2022, aiming to maintain its leading position in the industry[98]. - The company is exploring potential mergers and acquisitions to accelerate its growth strategy and enhance competitive positioning[115]. - The company plans to expand its business scope, as indicated by the board's resolution to increase the operational range[136]. Operational Challenges - The company faces risks related to fluctuations in downstream market demand, technological advancements, and the uncertainties associated with its transformation strategy[7]. - The overall economic environment for the shipbuilding industry remains complex and uncertain, with ongoing challenges from the COVID-19 pandemic and geopolitical tensions[38]. - The company reported a 100% decline in revenue from communication equipment, which previously contributed ¥40.26 million in 2020[58]. - The company acknowledged uncertainties regarding its ability to continue as a going concern, as indicated by the negative net profits over the last three accounting years[25]. Corporate Governance - The company has established a strategic committee with 3 members, ensuring compliance with legal and regulatory requirements[106]. - The company governance aligns with the regulations set by the China Securities Regulatory Commission, with no significant discrepancies noted[107]. - The board of directors consists of 3 independent directors, ensuring diverse oversight[111]. - The company has a clear structure for performance evaluation and compensation for directors and senior management[106]. - The board of directors has been actively involved in decision-making, with multiple meetings held to address key operational and strategic issues[136]. Employee Management - The total number of employees at the end of the reporting period was 482, including 370 at the parent company and 112 at major subsidiaries[148]. - The professional composition of employees includes 193 production personnel, 20 sales personnel, 119 technical personnel, 8 financial personnel, and 142 administrative personnel[148]. - The company conducted 47 training programs in 2021 to enhance management and technical skills among employees[152]. - The company has established targeted performance management standards and assessment methods for different departments and positions[150]. Financial Management - The company reported a net cash flow from operating activities of -¥60,155,146.23, a decline of 86.13% compared to -¥32,319,718.31 in 2020[24]. - The total cash inflow from financing activities decreased by 44.89% to ¥213,192,460.00, while cash outflow decreased by 34.66% to ¥249,437,778.21[79]. - The company's cash and cash equivalents net decrease was ¥116,051,166.68, a decline of 80.24% compared to the previous year[80]. - The company has implemented strict measures for inventory and accounts receivable management, linking overdue collection efforts to departmental performance evaluations[174]. Social Responsibility - The company is committed to enhancing its corporate social responsibility initiatives, with a budget of RMB 50 million allocated for community development projects[19]. - The company has not undertaken poverty alleviation or rural revitalization work during the reporting year and has no subsequent plans[187]. Audit and Compliance - The company received an unqualified audit opinion from Dahua Certified Public Accountants for the 2021 annual financial statements[198]. - The audit committee conducted its work in accordance with relevant laws and regulations, ensuring compliance and thorough communication[146]. - The company maintained effective internal controls related to financial statements as of December 31, 2021, in accordance with the basic norms for enterprise internal control issued by the Ministry of Finance and other five ministries[183].