SYG(SZ:300740)2022-04-27 16:00Financial Performance - The company reported a total revenue of 1.5 billion RMB for the year 2021, representing a year-on-year increase of 20% compared to 2020[21]. - The net profit attributable to shareholders was 300 million RMB, which is a 15% increase from the previous year[21]. - The company's operating revenue for 2021 was ¥5,010,121,537.14, representing a 34.86% increase compared to ¥3,715,035,387.78 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥236,419,923.76, a 68.54% increase from ¥140,273,625.84 in 2020[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥215,127,899.27, up 58.31% from ¥135,886,436.76 in 2020[28]. - The company achieved a revenue of 5,010.12 million yuan, representing a year-on-year growth of 34.86%[55]. - The net profit attributable to shareholders reached 236.42 million yuan, with a year-on-year increase of 68.54%[55]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 215.13 million yuan, up 58.31% year-on-year[55]. - The total cash inflow from operating activities for 2021 was ¥4,968,680,923.96, representing a year-on-year increase of 28.20% compared to ¥3,875,583,205.57 in 2020[5]. - The net cash flow generated from operating activities increased by 52.64% to ¥199,344,969.03 in 2021 from ¥130,601,784.86 in 2020, primarily due to increased sales and cash collections[5]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[6]. - The management has set a revenue guidance of 1.8 billion RMB for 2022, reflecting a growth target of 20%[6]. - The company plans to implement a "four dual strategy" focusing on product empowerment through R&D and organizational empowerment through digitalization[45]. - The company aims to achieve a growth rate higher than the industry average by leveraging its strong brand assets and effective management of both proprietary and agency brands[45]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach[6]. - The company plans to strengthen brand building and optimize the product system, focusing on the upgrade of its proprietary brands[126]. - The company will continue to leverage its international platform to expand its agency brand portfolio and enhance its e-commerce operations[129]. Research and Development - The company has allocated 100 million RMB for research and development of new technologies in the upcoming fiscal year[6]. - The company has a research and development team of over 200 people and collaborates with renowned universities and research institutions[51]. - The company applied for 38 patents during the reporting period, with 29 patents granted, including 17 invention patents[55]. - The company has increased its investment in research and development, focusing on innovative raw materials and product formulations[55]. - The company is developing new raw materials and technologies, including hyaluronic acid fermentation and herbal enzyme products, to enhance its product offerings[88]. - The company aims to increase R&D investment significantly, establishing specialized R&D centers for different product categories such as masks and serums[129]. Sales and Distribution - The company has established deep partnerships with major e-commerce platforms such as Tmall, Taobao, JD.com, and Pinduoduo for sales channels[46]. - The company’s self-owned platform "Shuiyang Chaozhuang" added over 10 million new users, with transaction orders increasing by 80% year-on-year[61]. - The total sales from self-owned platforms reached ¥33,729.81 million, a 172.45% increase year-on-year[62]. - Sales from third-party platforms amounted to ¥407,936.74 million, representing an increase of 26.53% year-on-year[62]. - The revenue from self-operated sales accounted for 62.64% of total revenue, amounting to ¥3,138,429,575.08, with a year-over-year growth of 42.30%[72]. - The revenue from overseas markets increased by 80.83% to ¥1,297,673,478.09, compared to ¥717,606,489.90 in the previous year[72]. Risk Management - The company has identified risks related to supply chain disruptions and market competition, which may impact future performance[6]. - The company faces supply chain management risks due to the need to maintain sufficient inventory levels and manage product expiration effectively[130]. - Intense competition in the cosmetics industry poses risks, particularly from similar brand competitors and the rapid evolution of online sales channels[130]. - The ongoing pandemic presents operational risks, complicating production and management processes due to the unpredictable nature of COVID-19[132]. Corporate Governance and Investor Relations - The company emphasizes strict compliance with information disclosure regulations, ensuring timely and accurate communication with investors[141]. - The company has a dedicated investor relations department to facilitate communication and address investor concerns[141]. - The company actively engages with stakeholders to balance interests and promote sustainable development[142]. - The company has established a performance evaluation and incentive mechanism for its board and senior management, aligning with its development status[142]. - The company reported a change in its board composition, with one director resigning for personal reasons[155]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations[145]. Employee and Management Structure - The total number of employees at the end of the reporting period was 2,954, with 4,238 employees receiving compensation during the period[182]. - The company has 1,934 sales personnel, 434 production personnel, and 275 technical personnel among its workforce[182]. - The company reported that 230 employees hold a master's degree or higher, indicating a strong educational background within the workforce[182]. - The company has a diverse board with members holding various academic qualifications, including PhDs and master's degrees[160]. - The company has been actively expanding its management team, with several members holding positions in other companies[161]. Dividend Policy - A cash dividend of 0.00 RMB per share was proposed, with no stock dividends planned for this year[6]. - The company reported a total distributable profit of ¥130,941,182.84, with no cash dividends or stock bonuses distributed for the year[194]. - The cash dividend total, including other methods, was ¥0, representing 0.00% of the total profit distribution[194]. - The company has not proposed a cash dividend distribution plan despite having positive distributable profits, focusing instead on long-term strategic investments[196]. - The company’s board of directors believes retaining profits for future strategic implementation is beneficial for sustainable development and shareholder interests[197].