Xi'an Triangle Defense (SZ:300775)2022-04-22 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.90 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[7]. - The total number of shares for the dividend distribution is 495,521,729 shares[7]. - The cash dividend distribution will not affect the company's normal operations and development, ensuring compliance with relevant laws and regulations[1]. - The cash dividend amount for the year was 44,596,955.61 yuan, which accounted for 100% of the total profit distribution[189]. Financial Performance - The company's operating revenue for 2021 was ¥1,172,337,522.68, representing a 90.67% increase compared to ¥614,846,282.52 in 2020[29]. - The net profit attributable to shareholders for 2021 was ¥412,288,816.87, a 101.70% increase from ¥204,407,781.08 in 2020[29]. - The net profit after deducting non-recurring gains and losses was ¥405,259,946.45, up 121.58% from ¥182,891,774.56 in 2020[29]. - The net cash flow from operating activities reached ¥373,770,694.45, a significant improvement of 608.56% compared to -¥73,495,375.46 in 2020[29]. - The total assets at the end of 2021 were ¥4,131,338,071.70, a 59.21% increase from ¥2,594,833,512.36 at the end of 2020[29]. - The company's basic earnings per share for 2021 was ¥0.83, up 102.44% from ¥0.41 in 2020[32]. - The weighted average return on equity for 2021 was 18.73%, an increase of 7.65% compared to 11.08% in 2020[29]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, indicating that these do not constitute a commitment to investors[6]. - The company has outlined potential risks in its operations and corresponding countermeasures in the management discussion section[7]. - The company faces risks related to the military industry, including strict quality and safety requirements, and will strengthen its quality control and confidentiality systems[125]. - The company is exposed to market risks due to fluctuations in raw material prices and uncertain downstream demand, and will negotiate stable procurement plans with suppliers[125]. - The company has a high concentration of accounts receivable, which poses liquidity risks, and will implement strict collection policies and utilize financial tools to mitigate risks[125]. Research and Development - The company is focused on the development of titanium alloys, high-temperature alloys, and high-strength steel forgings, continuously improving its product R&D and service system[47]. - The company has developed multiple core technologies and obtained several national invention patents during the reporting period[58]. - The company completed the trial production of several key projects, including high-strength titanium alloy forging technology and aluminum-lithium alloy forging technology, which are expected to enhance production efficiency and market competitiveness[79]. - The company is focusing on the engineering application of aluminum-based composite materials, which is expected to lower production costs and improve production efficiency[79]. - The company invested approximately ¥57.59 million in R&D in 2021, representing 4.91% of its operating revenue[84]. Market Expansion - The company has entered the supplier list of major manufacturers in the aviation, aerospace, and shipbuilding industries, indicating successful market expansion[47]. - The company is actively expanding its market share in the domestic forging product sector while maintaining high customer satisfaction[57]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[152]. - The company is exploring partnerships with international firms to enhance its global footprint, aiming for a 25% increase in international sales by 2024[152]. Corporate Governance - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal and regulatory requirements[137]. - The company has established a modern corporate governance structure, including a general meeting, board of directors, supervisory board, and management team[137]. - The company has developed a performance evaluation and incentive mechanism for senior management, ensuring transparency and compliance with regulations[137]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate information dissemination to all investors[137]. Financial Management - The company has not identified any significant internal control deficiencies during the reporting period[3]. - The internal control evaluation report indicates that 100% of the assets and revenue of the evaluated units are included in the consolidated financial statements[4]. - The company has implemented strict compliance with regulations regarding the use of raised funds, ensuring efficient capital utilization[111]. - The company has not engaged in any major asset or equity sales during the reporting period[115]. Future Outlook - The company’s future outlook remains positive, with expectations for continued revenue growth[146]. - The company has provided a revenue guidance of 1.8 billion RMB for the next fiscal year, indicating an expected growth of 20%[152]. - The company plans to conduct a new round of financing in the capital market to support projects including advanced aviation precision forging and aerospace rocket body structure intelligent manufacturing[122].