Canlon(SZ:300715)2022-04-20 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,585,783,925.51, representing a 28.80% increase compared to ¥2,007,646,596.20 in 2020[30]. - The net profit attributable to shareholders for 2021 was ¥71,923,477.59, a decrease of 74.18% from ¥278,551,614.56 in 2020[30]. - The net cash flow from operating activities was -¥383,841,670.19, worsening by 244.73% compared to -¥111,344,963.33 in 2020[30]. - The total assets at the end of 2021 amounted to ¥5,627,991,216.84, a 61.79% increase from ¥3,478,576,453.06 at the end of 2020[30]. - The net assets attributable to shareholders increased by 110.63% to ¥2,814,946,407.98 at the end of 2021, up from ¥1,336,449,161.28 at the end of 2020[30]. - The basic earnings per share for 2021 was ¥0.20, down 78.02% from ¥0.91 in 2020[30]. - The diluted earnings per share also stood at ¥0.20, reflecting the same decline of 78.02% compared to the previous year[30]. - The weighted average return on net assets decreased to 3.30% in 2021 from 23.36% in 2020, a drop of 20.06%[30]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was ¥30,325,113.85 in 2021, down 88.31% from ¥259,446,006.48 in 2020[30]. Revenue Sources and Market Position - Sales of waterproof materials accounted for 92.74% of total revenue, amounting to ¥2,397,935,031.69, with a year-on-year growth of 22.48%[56]. - The waterproof engineering construction segment saw a significant increase of 270.10%, generating ¥180,354,484.97 in revenue[56]. - Domestic sales contributed 97.38% of total revenue, while international sales grew by 117.99% to ¥67,688,934.53[56]. - The company aims to reduce reliance on real estate clients and expand into non-real estate sectors, aiming to increase the proportion of non-real estate business[14]. - The company is focusing on high polymer waterproof materials, which have shown rapid growth in sales volume and brand recognition[53]. Research and Development - Research and development investment increased from 50.33 million yuan in 2019 to 138.78 million yuan in 2021, accounting for 4.32%, 5.28%, and 5.37% of operating revenue respectively[50]. - The company has launched a new photovoltaic roof system designed to last 25 years, integrating waterproofing with solar energy solutions[54]. - The company is developing a new high-weather TPO composite metal roofing product, which aims to enhance durability and meet stringent environmental requirements[67]. - The company has completed the development of the MPU-Pro anti-flow polyurethane coating, which is expected to lead the market in innovation and efficiency[67]. - The company aims to enhance its competitive edge through continuous innovation and expansion into new application scenarios for polymer waterproof materials[54]. Strategic Partnerships and Investments - The company has established long-term strategic partnerships with leading real estate developers such as Vanke and Poly, aiming to expand the number of quality real estate clients significantly[51]. - The company has invested 1.5 billion yuan in a high polymer industrial park in Suzhou, with a designed capacity of 10 million square meters, which is now in formal production[51]. - The company is actively pursuing a dual-driven strategy of centralized procurement and channel expansion to optimize revenue structure[53]. - The company is focusing on expanding its market presence through strategic investments in construction materials and technology development[80]. Governance and Compliance - The company is committed to improving its governance structure and ensuring independent operations from its controlling shareholder[107]. - The company has established a board of directors consisting of 7 members, including 3 independent directors, complying with legal and regulatory requirements[108]. - The company maintains independence in assets, personnel, finance, and operations, ensuring no reliance on the controlling shareholder for production or financial support[110]. - The company has a complete and independent human resources management system, ensuring no overlap with the controlling shareholder's enterprises[110]. - The company has not reported any penalties from securities regulatory agencies for its directors, supervisors, or senior management in the past three years[130]. Environmental Responsibility - The company complied with all relevant environmental protection laws and regulations, with no penalties incurred during the reporting period[170]. - The company reported total emissions of pollutants within the limits set by national standards, with no exceedances noted[171]. - The company has implemented strict environmental protection measures and has obtained necessary permits for pollutant discharge[170]. - The company has committed to reducing carbon emissions by promoting advanced energy-saving technologies and improving industrial automation[174]. Future Outlook - The company aims to become an internationally leading manufacturer of functional building materials, focusing on innovative waterproof systems and maintaining a strong competitive edge in the market[9]. - The company plans to strictly control accounts receivable risks, improve cash flow, and enhance overall operational quality in 2022[99]. - The company has set a revenue target of 25 billion for 2022, representing a projected growth of 15%[116]. - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency, with a budget allocation of 500 million for this purpose[116].