Hiecise(SZ:300809)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was CNY 409,455,130.85, representing a 77.53% increase compared to CNY 230,639,809.66 in 2020[29]. - The net profit attributable to shareholders for 2021 was CNY 76,575,942.23, a significant increase of 128.29% from CNY 33,543,528.02 in 2020[29]. - The net profit after deducting non-recurring gains and losses was CNY 45,609,885.22, up 187.94% from CNY 15,840,002.37 in 2020[29]. - The company's total assets at the end of 2021 were CNY 1,897,923,258.19, a 1.19% increase from CNY 1,875,583,801.32 at the end of 2020[29]. - The basic earnings per share for 2021 was CNY 0.49, reflecting a 133.33% increase from CNY 0.21 in 2020[29]. - The company reported a net cash flow from operating activities of CNY 44,528,928.44, a decrease of 54.93% compared to CNY 98,795,013.51 in 2020[29]. - The company received government subsidies amounting to CNY 11,847,604.19 in 2021, compared to CNY 4,226,950.94 in 2019[34]. - The weighted average return on net assets for 2021 was 5.40%, an increase from 2.42% in 2020[29]. - The company achieved operating revenue of 409.45 million yuan in 2021, a year-on-year increase of 77.53%[68]. - The net profit attributable to shareholders was 76.58 million yuan, representing a year-on-year growth of 128.29%[68]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling approximately RMB 31.38 million based on a total share capital of 156,920,000 shares as of December 31, 2021[9]. - The company will increase its total share capital to 251,072,000 shares by issuing 6 additional shares for every 10 shares held, based on the same total share capital as of December 31, 2021[10]. Market and Competitive Landscape - The company is experiencing a risk of declining product prices and gross margins due to intensified market competition, which could impact future profitability[7]. - The company acknowledges the risk of talent loss as competition for skilled personnel in the high-end equipment manufacturing industry intensifies, leading to increased labor costs[8]. - The company emphasizes the importance of adapting to rapid market changes in new product and technology development to maintain its competitive position[4]. - The company is focused on expanding its business scale and market influence while ensuring reasonable profit margins through industry innovation and sales service[7]. - The CNC machine tool industry in China is expected to reach a market size of 405.6 billion yuan by 2025, indicating strong growth potential[42]. Research and Development - The company has invested in advanced production equipment and smart factory construction, achieving international advanced levels in processing precision[63]. - The company has a technical R&D team of 90 members, with over 70% holding bachelor's degrees and 11 having master's or doctoral degrees[66]. - The company has accumulated 74 patents and 8 software copyrights, with 30 invention patents and 43 utility model patents[67]. - The company is developing an intelligent scheduling model for mixed operation production lines, aiming to enhance scheduling efficiency[91]. - The company invested CNY 29,229,418.81 in R&D in 2021, representing 7.14% of its operating revenue[95]. Operational Challenges - The company faces risks related to accounts receivable collection due to the increasing balance as business scales up, which may lead to cash flow issues if market conditions change significantly[5]. - The company is at risk of delayed delivery of certain functional components due to global supply chain constraints, which may affect timely product delivery[9]. - The company has implemented measures to manage accounts receivable risks, including credit management and timely collection strategies[127]. Talent Management - The company recognizes the importance of talent retention and plans to enhance employee benefits and create opportunities for professional development to mitigate talent loss risks[127]. - The company has focused on enhancing its talent pool, particularly in R&D, to meet future business development needs[71]. - The total number of employees at the end of the reporting period was 528, with 352 in production, 90 in technology, and 28 in sales[170]. Governance and Compliance - The company maintained a governance structure compliant with relevant laws and regulations, ensuring clear responsibilities among its governing bodies[135]. - The company reported that its board of directors and supervisory board operated in accordance with established rules, with no violations of laws or regulations noted[132]. - The company has established a compensation mechanism linking salaries to performance, aimed at attracting and retaining talent[136]. Future Outlook - The company plans to expand its domestic market, which is expected to exceed CNY 570 billion[41]. - The company aims to leverage its competitive advantages to continuously upgrade existing products and launch new products, striving to become a world-leading grinding service provider[72]. - Future outlook remains cautiously optimistic, with plans to adapt to market changes and leverage new opportunities[145].