GRKJ(SZ:300600)2022-06-07 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 of CNY 40.26 million from the previous year [3][4]. - The net profit for 2021 was a loss of CNY 268.09 million, significantly impacted by a provision for impairment losses of CNY 246.46 million related to the specialized network communication business [4]. - The overall gross profit 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's operating revenue for 2021 was ¥220,089,747.81, a decrease of 42.78% compared to ¥570,252,522.80 in 2020 [25]. - The net profit attributable to shareholders was -¥268,085,255.80, representing a decline of 493.15% from ¥68,189,243.05 in the previous year [25]. - The basic earnings per share for 2021 was -¥0.90, down 491.30% from ¥0.23 in 2020 [25]. - The total assets at the end of 2021 were ¥1,279,451,059, a decrease of 29.60% from ¥1,817,318,822 at the end of 2020 [25]. - The net cash flow from operating activities was -¥60,155,146.23, a decline of 86.13% compared to -¥32,319,718.31 in 2020 [25]. - The company reported a total revenue of 30,676.31 million, with a net profit of 9,737.05 million for the year 2021 [92]. - The company reported a net profit of ¥300 million for 2021, marking a 20% increase compared to the previous year [138]. Research and Development - Research and development expenses amounted to CNY 14.98 million, representing 6.8% of the company's sales revenue, indicating a commitment to maintaining R&D intensity despite revenue declines [5]. - The company plans to increase its R&D budget by 25%, focusing on sustainable technologies and innovation [20]. - The company invested approximately 15 million yuan in R&D in 2021, accounting for 6.8% of its annual revenue [46]. - The company 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 emphasizes cost control and efficiency improvement in its R&D efforts, driving technological advancements and process innovations [175]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023 [20]. - The strategic shift towards high-end shipbuilding, including luxury cruise ships and unmanned vessels, is underway, expanding from traditional shipbuilding support [6]. - The company aims to explore new energy businesses through the development of hybrid container ship batteries [100]. - The company intends to establish a sales center in Zhejiang Province to tap into the local market and achieve significant growth [99]. - A strategic acquisition of a local tech firm was announced, valued at RMB 300 million, aimed at enhancing technological capabilities [20]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements [105]. - The supervisory board has 3 members, including 1 employee supervisor, also meeting legal and regulatory standards [106]. - The audit committee comprises 3 members who review financial reports and internal controls, ensuring compliance with regulations [106]. - The company maintains independence from its controlling shareholder, with no interference in decision-making or operations [108]. - The company has not faced any penalties from securities regulatory authorities for its directors, supervisors, and senior management in the past three years [132]. Environmental Responsibility - Environmental responsibility initiatives were highlighted, with a commitment to reduce carbon emissions by 30% by 2025 [20]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities [185]. - The company has not undertaken any poverty alleviation or rural revitalization initiatives during the reporting year [186]. - The company has not reported any major environmental issues or administrative penalties during the reporting period [185]. Employee Management - The company has implemented a new employee incentive program, which is expected to improve productivity by 15% [20]. - The total number of employees at the end of the reporting period was 482, including 370 from the parent company and 112 from major subsidiaries [148]. - The company conducted 47 various training programs in 2021 to enhance management capabilities and technical skills among employees [151]. - The compensation policy aims to combine individual and team performance to share the benefits of the company's growth, promoting talent retention and attraction [150]. Financial Management - The company has secured significant bank credit lines in 2021 to support long-term funding needs, ensuring financial stability [173]. - The company has implemented strict measures for inventory and accounts receivable management, focusing on reducing overdue payments [173]. - The company has established a complete internal communication system to ensure timely and effective information sharing, improving operational efficiency [177]. - The company has maintained effective internal controls in all significant aspects, ensuring compliance with internal control standards [178].