*ST越博(300742) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥306,735,859.03, representing a decrease of 8.04% compared to ¥333,545,725.89 in 2020[20]. - The net profit attributable to shareholders for 2021 was -¥229,737,352.73, a significant decline of 2,964.69% from a profit of ¥8,019,626.33 in 2020[20]. - The company's total revenue for 2021 was ¥306,735,859.03, a decrease of 8.0% compared to ¥333,545,725.89 in 2020[21]. - Revenue from the new energy vehicle sector was ¥214,297,234.34, accounting for 69.86% of total revenue, down 27.07% from ¥293,849,912.95 in 2020[73]. - The company reported a total revenue of 1,981.37 million CNY for the year 2021, reflecting a significant growth compared to the previous year[103]. - The company achieved operating revenue of ¥306,735,859.03, with a net profit attributable to shareholders of -¥229,737,352.73[69]. - The company reported a total of 3,939 units sold in the pure electric powertrain system segment, a decrease of 11.78% from 4,465 units in 2020[77]. - The company reported a total of 22.26 billion in 2021, representing a year-on-year increase of 2.35 million[144]. Cash Flow and Assets - The net cash flow from operating activities improved by 29.32%, reaching -¥112,357,412.24 in 2021 compared to -¥158,965,710.14 in 2020[20]. - The total assets as of the end of 2021 were ¥1,384,361,727.30, a decrease of 14.06% from ¥1,610,936,759.49 at the end of 2020[20]. - The total cash and cash equivalents decreased by ¥63,339,059.65 in 2021, marking a significant decline of 281.48% compared to the previous year[90]. - The cash flow from investment activities decreased by 96.99% year-on-year, resulting in a net cash flow of ¥3,946,783.03 in 2021, down from ¥131,251,027.62 in 2020[90]. - The net cash flow from financing activities decreased by 28.02% year-on-year, totaling ¥45,071,569.56 in 2021, down from ¥62,616,102.72 in 2020[90]. - The company's current liabilities exceeded its total current assets by ¥360,187,529.65, indicating significant short-term debt repayment pressure[199]. Research and Development - The company has increased its R&D efforts and aims to optimize product structure to enhance market share in the face of challenges such as high raw material prices and pandemic disruptions[36]. - R&D expenses increased by 48.99% to ¥49,637,100, reflecting the company's commitment to innovation[69]. - The company is focusing on the development of new energy vehicle powertrains and aims to enhance its market position by expanding its customer base[70]. - The company is committed to continuous R&D investment to maintain technological leadership and mitigate risks associated with technological advancements in the industry[129]. - The company is investing heavily in R&D, with a budget allocation of 10 million yuan for the development of new energy vehicle technologies[149]. - The company plans to increase its R&D budget by 15% to support innovation and product development initiatives[192]. Market and Industry Trends - The automotive industry saw a production and sales increase of 3.4% and 3.8% respectively in 2021, with new energy vehicles growing by 160%[32]. - The market share of new energy vehicles reached 13.4% in 2021, reflecting a shift from policy-driven to market-driven growth[32]. - The government has set a target for new energy vehicle sales to reach 20% of total vehicle sales by 2025, promoting the adoption of electric vehicles[35]. - The company is navigating challenges such as chip shortages and high raw material prices while aiming for market expansion and technological advancements[31]. - The company anticipates growth in the electric vehicle market, aligning its strategies to capture emerging opportunities[46]. Product Development and Innovation - The company is focused on the development of key technologies in the new energy vehicle sector, aiming for significant breakthroughs by 2035[34]. - The company has developed a comprehensive range of products for electric passenger vehicles, with powertrain solutions ranging from 40KW to 150KW, covering various vehicle classes[63]. - The company has developed multiple patents related to electric vehicle powertrains, including a dual-motor power coupling structure and an integrated electric drive axle assembly[46]. - The company is actively pursuing partnerships and collaborations to accelerate the development of its electric vehicle technologies[46]. - The company is focusing on R&D for a new generation of pure electric heavy-duty trucks, optimizing the powertrain system to improve performance, economy, and reliability while reducing manufacturing costs[67]. Governance and Compliance - The company has established a complete and reasonable corporate governance structure and internal control system[178]. - The company has maintained a strong commitment to protecting the rights of shareholders and creditors, ensuring timely and accurate information disclosure[181]. - The company emphasizes collaboration with universities to enhance R&D capabilities and accelerate the commercialization of technological advancements[129]. - The company has a complete and independent R&D, procurement, production, and sales system, ensuring no reliance on controlling shareholders for operations[137]. - The company has established an independent and complete financial accounting system, allowing for independent financial decision-making[137]. Future Outlook and Strategic Goals - The company plans to expand its market presence by enhancing its manufacturing capabilities in automotive parts and components[105]. - The company aims to improve customer satisfaction by upgrading its supply chain and meeting delivery and quality requirements[124]. - The company has set ambitious performance targets for the upcoming fiscal year, aiming for a significant increase in revenue from new product lines[46]. - The company is committed to sustainability and aims to lead in the development of energy-efficient automotive solutions[46]. - The company is exploring potential mergers and acquisitions to strengthen its market position and technological capabilities[46].