GMK(SZ:300619)2022-04-28 16:00Financial Performance - The company achieved total revenue of 1,149.79 million yuan in 2021, representing a year-on-year increase of 93.51%[100]. - The net profit attributable to shareholders was 30.04 million yuan, up 135.75% compared to the previous year[100]. - The company's operating revenue for 2021 was CNY 1,149,794,171.40, representing a 93.51% increase compared to CNY 594,180,827.04 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 30,035,999.39, a 135.74% increase from CNY 12,740,914.42 in 2020[19]. - The total operating revenue for 2021 reached CNY 1,149,794,171.40, representing a 93.51% increase compared to CNY 594,180,827.04 in 2020[57]. - Revenue from equipment manufacturing was CNY 765,771,456.83, accounting for 66.60% of total revenue, with a year-on-year growth of 109.88%[57]. - Revenue from lithium battery production equipment surged to CNY 525,835,823.85, a remarkable increase of 237.82% from CNY 155,657,762.44 in 2020[57]. - The gross profit margin for equipment manufacturing was 29.50%, which decreased by 9.43% compared to the previous year[60]. - The company reported a total revenue of 6,338.44 million, with a slight decrease from 6,460.48 million in the previous period[93]. - The company reported a net profit of 1.84 million, reflecting a growth rate of 7.15% year-over-year[122]. Profit Distribution - The company reported a profit distribution plan of cash dividends of 0.40 CNY per 10 shares (including tax) based on 88,655,041 shares[5]. - The total cash dividend for the year was 3,546,201.64 yuan, which accounted for 100% of the total profit distribution[145]. - The company distributed a cash dividend of 0.20 yuan per 10 shares, amounting to a total of 1,493,674.40 yuan, which represents 11.72% of the net profit attributable to shareholders of the parent company for the year[144]. - The company plans to distribute a cash dividend of 0.40 yuan per 10 shares to all shareholders, amounting to approximately 3,546,201.64 yuan, which represents 11.81% of the net profit attributable to shareholders of the parent company for the year, totaling 30,035,999.39 yuan[147]. Risk Management - The company emphasizes the importance of monitoring risks such as bad debts, macroeconomic fluctuations, and new technology development risks[5]. - The company is addressing potential risks related to bad debts from accounts receivable, which could negatively impact cash flow and operational performance[104]. - The company is enhancing its risk management strategies to mitigate the impact of macroeconomic fluctuations on its operations[106]. Market and Product Development - The company is focused on expanding its market presence and developing new technologies in the field of intelligent equipment[5]. - The company plans to expand in high polymer materials, including polyurethane modified resins and lithium battery adhesives, to enhance diversification and risk resistance[101]. - The company is focusing on developing automated production equipment for industries such as chemicals, coatings, pharmaceuticals, food, and biochemistry to drive long-term growth[108]. - The company is actively improving its internal management and cost control to respond to economic volatility risks[106]. - The company is committed to continuous technological innovation to meet customer needs and enhance service satisfaction[156]. Research and Development - The company holds a total of 41 invention patents, 190 utility model patents, and 25 design patents, emphasizing the importance of intellectual property for competitive advantage[110]. - The company has developed 39 software copyrights related to automated production line monitoring, enhancing product intelligence[54]. - The company completed the development of several key R&D projects, including high-speed coating machines for lithium battery production, enhancing product competitiveness[71]. - The company's R&D investment amounted to ¥59,268,259.97 in 2021, representing 5.15% of total operating revenue, a decrease from 5.84% in 2020[72]. - The company has conducted in-depth research on market demands and advanced technologies to align its R&D efforts with industry trends[93]. Subsidiaries and Corporate Structure - The company has subsidiaries including Foshan Tianbaoli Silicon Engineering Technology Co., Ltd., which is wholly owned[13]. - The company established a new subsidiary, Jiangxi Jinde Lithium New Energy Technology Co., Ltd., with a registered capital of ¥50 million[65]. - The registered capital of a key subsidiary is 120 million, with total assets of approximately 319.14 million and a net profit of 17.02 million[97]. - Another subsidiary reported a net loss of approximately 20.73 million, indicating challenges in the organic silicon materials sector[97]. Governance and Compliance - The company has a total of 8 board members, including 3 independent directors, complying with legal requirements[114]. - The company has established four specialized committees under the board: Strategy Committee, Nomination Committee, Audit Committee, and Compensation and Assessment Committee[114]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and finances[117]. - The company has independent financial management and internal audit departments, ensuring no assets are occupied by shareholders[118]. - The company has established independent banking accounts and tax obligations, ensuring financial independence[118]. Employee Management - The company reported a total of 912 employees at the end of the reporting period, with 584 in production, 75 in sales, 100 in technology, 20 in finance, 49 in administration, and 84 in management[140]. - The company has established a comprehensive training system, including new employee training and specialized training for management[143]. - The company has a total of 7 employees with a master's degree or higher, and 183 employees with a bachelor's degree[141]. - The company’s remuneration policy is based on employee contributions, abilities, and industry standards, aiming to motivate employees[142]. Financial Position and Investments - The total assets at the end of 2021 reached CNY 2,136,403,383.25, a 45.34% increase from CNY 1,469,895,412.50 at the end of 2020[19]. - The net assets attributable to shareholders increased by 36.35% to CNY 718,078,126.27 at the end of 2021, compared to CNY 526,643,435.99 at the end of 2020[19]. - The company has pledged fixed assets valued at CNY 287,759,348.92 to secure loans, with a loan balance of CNY 327,358,944.46 as of December 31, 2021[80]. - The company raised CNY 107,178,500.00 through a private placement of 7,150,000 shares at CNY 14.99 per share, with a net amount of CNY 101,995,339.63 after expenses[86]. - The company has a remaining balance of CNY 1.42 million in its special account for raised funds, which has not yet been utilized[86]. Legal and Regulatory Matters - The company is involved in a lawsuit against Wuxi Lingge Machinery Technology Co., Ltd. for alleged patent infringement, claiming damages of ¥8 million[172]. - The company has not faced any penalties from securities regulatory authorities for its directors, supervisors, and senior management in the past three years[129]. - The company has not reported any significant changes in the scope of consolidation compared to the previous year's financial report[169].