江苏雷利(300660) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥2,918,923,363.57, representing a 20.50% increase compared to ¥2,422,288,184.14 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥244,157,745.38, a decrease of 10.53% from ¥272,904,535.76 in 2020[32]. - The net cash flow from operating activities for 2021 was ¥362,829,376.28, down 14.12% from ¥422,473,746.80 in 2020[32]. - The total assets at the end of 2021 amounted to ¥4,488,622,228.18, an increase of 19.17% from ¥3,766,678,130.82 in 2020[32]. - The basic earnings per share for 2021 was ¥0.94, a decrease of 11.32% compared to ¥1.06 in 2020[32]. - The diluted earnings per share for 2021 was ¥0.93, down 12.26% from ¥1.06 in 2020[32]. - The company achieved operating revenue of 2,918.92 million yuan, a year-on-year increase of 20.50%[46]. - Net profit attributable to shareholders was 264.95 million yuan, a decrease of 10.53% compared to the previous year[46]. Revenue Breakdown - The company's export revenue accounted for 45.30% of total operating income during the reporting period[6]. - The company's overseas revenue reached ¥1,324,165,238.25, making up 45.36% of total revenue, while domestic revenue was ¥1,594,758,125.32, accounting for 54.64%[67]. - Revenue from automotive components grew by 38% to 237 million yuan, driven by increased demand for electronic water pumps and aluminum die-casting products[46]. - Sales revenue from industrial control motors reached 295 million yuan, a year-on-year growth of 69%[46]. - The revenue from air conditioning motors and components was ¥802,647,983.84, accounting for 27.50% of total revenue, with a year-on-year growth of 3.60%[65]. Cost Management - The average proportion of raw material costs to the company's main business costs over the past three years was 74.23%, significantly impacting gross profit margins[10]. - The company has maintained stable prices for copper and steel compared to the same period last year, which is crucial for cost management[10]. - The company actively engages in cost management and has implemented a budget management system to control costs effectively[60]. - Material costs for air conditioning motors and components accounted for 18.84% of total operating costs, with a slight increase in amount to 409,350,628.80 CNY[79]. - The labor cost for air conditioning motors and components increased by 18.79% to 140,900,969.30 CNY, representing 6.49% of total operating costs[79]. Technological Innovation and R&D - The company emphasizes the importance of technological innovation and new product development to maintain competitive advantages in the market[6]. - The company is focused on enhancing its R&D capabilities to keep pace with industry technological advancements[6]. - The company launched new products, including a smart distribution system for dishwashers and a brushless motor for air conditioners, which are in trial production stages[49]. - The company holds 982 valid patents, with 145 new patents granted during the reporting period, including 9 invention patents[49]. - The company invested approximately 136.85 million yuan in R&D in 2021, representing 4.69% of its operating revenue[106]. Market Expansion and Strategy - The company has a strong emphasis on expanding its market presence and exploring new strategies for growth[6]. - The company is actively expanding its market presence in the new energy sector, achieving sales of 9.01 million yuan from photovoltaic cooling water pumps[46]. - The company plans to continue expanding its product development in industrial control and small household appliances to leverage market growth opportunities[72]. - The company is focusing on expanding its market presence through self-operated and agency business models for various products and technologies[129]. - The company is committed to sustainable practices in its manufacturing processes, aligning with industry trends towards eco-friendly technologies[137]. Risk Management - The company faces risks from rising labor costs, which could affect profitability if the trend continues[10]. - Future fluctuations in the exchange rate of RMB against USD and EUR may adversely affect the company's performance if the RMB continues to appreciate[9]. - The company has implemented credit insurance for all export accounts receivable to mitigate bad debt risk[179]. - Interest rate risk is manageable as the company maintains rates close to the benchmark rate[179]. - The company uses forward foreign exchange contracts to control significant fluctuations in exchange rates[179]. Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations[184]. - The board of directors and supervisory board meetings are conducted legally and effectively, ensuring shareholder rights are protected[184]. - The company has appointed a board secretary to enhance governance and communication with stakeholders[184]. - The company ensures timely and accurate information disclosure to all shareholders[184]. - The company has established specialized committees, including the Nomination Committee and Compensation Committee, to enhance governance and decision-making processes[187].