ALD(SZ:300696)2022-04-19 16:00Financial Performance - The company's operating revenue for 2021 was CNY 614,009,403.72, representing a 102.12% increase compared to CNY 303,789,738.07 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 255,020,698.98, an increase of 86.47% from CNY 136,760,018.48 in the previous year[18]. - The net cash flow from operating activities reached CNY 245,534,216.04, a significant increase of 1,140.24% compared to a negative cash flow of CNY 23,603,557.30 in 2020[18]. - The basic earnings per share for 2021 was CNY 1.08, up 86.21% from CNY 0.58 in 2020[18]. - Total assets at the end of 2021 amounted to CNY 1,901,838,927.35, a 72.21% increase from CNY 1,104,389,874.23 at the end of 2020[18]. - The net assets attributable to shareholders increased by 77.16% to CNY 1,703,305,887.09 from CNY 961,430,062.00 in 2020[18]. - The operating profit for 2021 was CNY 299.13 million, representing a 73.37% increase year-on-year[45]. - The company reported a significant increase in raw material costs, with a 359.10% rise in the cost of raw materials for aircraft parts[57]. - The gross profit margin for the aviation parts manufacturing sector was 56.63%, down 18.24% compared to the previous year[53]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, based on a total of 244,297,078 shares[5]. - The cash dividend for the reporting period accounted for 100% of the distributable profit of RMB 522,978,234.98[151]. - For the 2021 profit distribution plan, the company proposed a cash dividend of RMB 2.00 per 10 shares, amounting to RMB 48,859,415.60, and a capital reserve conversion of 48,859,415 shares, increasing total shares to 293,156,493[153]. Market and Industry Position - The company focuses on precision manufacturing of military and civilian aircraft components, with a full-process manufacturing capability[31]. - The domestic military aviation sector is experiencing significant growth opportunities due to favorable policies and strategic initiatives[28]. - The civil aviation sector is positioned for robust development, with national plans aiming to establish a strong civil aviation industry by mid-century[29]. - The company is aligned with local policies aimed at building competitive advanced manufacturing clusters, particularly in the aerospace sector[30]. - The company has established a strategic partnership with a major aircraft manufacturer, being the largest private supplier for critical and complex components[36]. Research and Development - The company has invested 100 million yuan in R&D for new technologies aimed at improving manufacturing processes[128]. - R&D expenses rose by 53.99% year-on-year to ¥16,903,696.40, primarily due to increased investment in technology research and testing[63]. - The company is focusing on research and development of new technologies to enhance its product offerings and maintain competitive advantage in the aerospace manufacturing sector[123]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[5]. - Risks include potential policy changes affecting the aerospace industry, increased market competition, and fluctuations in gross profit margins due to various operational factors[101][102]. - The company acknowledges the risk of low inventory turnover rates, which could pressure liquidity and create challenges in contract finalization[105]. Governance and Compliance - The company has established a complete financial accounting system and independent financial decision-making processes[116]. - The company has a strong commitment to protecting the rights and interests of stakeholders, including shareholders and employees[114]. - The company has not reported any significant internal control deficiencies during the reporting period[164]. - The company has completed a comprehensive self-inspection of corporate governance, confirming compliance with relevant laws and regulations[167]. Future Outlook and Strategic Plans - The company plans to expand its market presence significantly, targeting a revenue increase of over 300% by 2024 through new product development and technological advancements[120]. - The company aims to strengthen its market presence by deepening existing customer relationships and expanding into new markets, particularly in the UAV, civil aviation, and aerospace sectors[97]. - Future outlook includes strategic plans for mergers and acquisitions to enhance competitive advantage in the industry[136]. Employee and Management Structure - The total number of employees at the end of the reporting period is 877, with 626 in production, 194 in technical roles, 11 in sales, 5 in finance, and 41 in administration[145]. - The company has implemented a stock incentive plan for key management and core personnel, allowing them to share in the economic profits of the company[147]. - The educational background of employees includes 127 with a bachelor's degree or higher, 402 with a college diploma, 282 with a secondary vocational or high school diploma, and 66 with junior high school or lower[146]. Financial Management and Investments - The company completed a successful refinancing of CNY 500 million to support new project investments[47]. - The company has committed to invest a total of 50,000,000 CNY in projects, with 49,431,100 CNY already utilized, representing a utilization rate of 98.66%[84]. - The company has raised a total of 499,999,995.28 yuan through the issuance of 11,901,928 shares at a price of 42.01 yuan per share[81].