艾可蓝(300816) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥866,146,210.23, representing a 27.92% increase compared to ¥677,108,939.53 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥69,672,328.69, a decrease of 44.44% from ¥125,394,272.55 in 2020[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,899,600.40, down 68.00% from ¥112,177,891.79 in 2020[18]. - The company's total assets increased by 51.97% to ¥1,738,947,508.63 at the end of 2021, compared to ¥1,144,278,247.98 at the end of 2020[18]. - The basic earnings per share for 2021 was ¥0.87, a decline of 45.63% from ¥1.60 in 2020[18]. - The weighted average return on net assets was 8.82% in 2021, down from 18.22% in 2020[18]. - The company reported a net cash flow from operating activities of ¥1,765,518.62, a significant improvement from a negative cash flow of ¥13,897,637.39 in 2020, marking a 112.70% increase[18]. - The company achieved operating revenue of 866.15 million yuan in 2021, an increase of 27.92% year-on-year; however, net profit attributable to shareholders decreased by 44.44% to 69.67 million yuan[71]. - The engine exhaust purification industry accounted for ¥859,915,885.91, or 99.28% of total revenue, with a year-on-year growth of 31.08%[79]. - Domestic sales contributed ¥806,528,511.60, making up 93.12% of total revenue, with a growth of 19.14%[79]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[4]. - The company has a dedicated section in the annual report discussing potential risks and future development outlook[4]. - The company is committed to improving its quality management system to mitigate risks associated with product quality, which is critical for compliance with emission standards[140]. - The company has implemented measures to regularly analyze accounts receivable and ensure timely follow-up on project payment progress to mitigate collection risks[143]. - The company emphasizes the importance of governance and compliance with regulations to enhance operational transparency and protect shareholder interests[149]. - The company has established a robust internal management and control system to ensure effective governance and operational compliance[149]. Corporate Governance - The company has established a sound corporate governance structure in compliance with relevant laws and regulations[158]. - The total number of shares held by the board and management at the end of the reporting period was 45,276,516 shares[161]. - The company has granted a total of 1,126,140 shares as restricted stock during the reporting period[161]. - The board of directors held 27 meetings throughout the reporting period, with all members actively participating[188]. - The company maintained a strong governance structure, with independent directors providing valuable suggestions that were adopted[190]. - The company is committed to compliance with relevant laws and regulations, ensuring fair decision-making processes[190]. - The independent directors conducted assessments of the company's development strategies and governance practices[190]. Research and Development - The company has increased R&D investment, leading to a year-on-year rise in R&D expenses, focusing on the development of new materials and technologies[66]. - The company has 194 authorized patents and 31 software copyrights, with 12 core technologies, 6 of which are original innovations[67]. - The company increased its R&D personnel from 200 in 2020 to 289 in 2021, a growth of 44.50%[91]. - R&D investment amounted to ¥47,696,056.20 in 2021, representing 5.51% of operating revenue, up from 5.23% in 2020[91]. - The company is actively developing new technologies to meet national emission standards, enhancing its product competitiveness[90]. Market Position and Strategy - The company is positioned in the rapidly developing engine exhaust after-treatment industry, driven by stricter emission standards in China[28]. - The domestic market for engine exhaust after-treatment is seeing accelerated localization, with domestic manufacturers improving their technology and competitiveness[30]. - The upgrade of exhaust emission standards presents both opportunities and challenges for the industry, intensifying competition and driving industry reshuffling[32]. - The company is actively expanding into the gasoline engine after-treatment market, which has also contributed to a decline in overall gross margin[64]. - The domestic hybrid vehicle market is expected to enter a rapid growth phase over the next 5-15 years, providing opportunities for the company[49]. - The company plans to expand its product applications from road vehicles to non-road mobile machinery and ships, driven by increasing regulatory scrutiny on emissions[126]. Shareholder Information - The company reported a profit distribution plan of 1.74 CNY per 10 shares (including tax) based on a total of 80,367,500 shares[4]. - The total cash dividend amount is 13,983,945.00 CNY (including tax)[200]. - The total distributable profit is 337,131,080.79 CNY[200]. - The cash dividend total accounts for 100.00% of the total profit distribution[200]. - There were no bonus shares or share repurchases during the reporting period[200]. - Minority shareholders had sufficient opportunities to express their opinions[200]. Employee and Workforce Management - The total number of employees at the end of the reporting period was 678, with 454 in the parent company and 224 in major subsidiaries[195]. - The company has implemented a training program for middle management, technical staff, and general employees to improve overall skills and competencies[197][198]. - The company emphasizes a compensation policy based on job performance and market standards, aiming to enhance employee motivation and fairness[196]. - The company has no retired employees requiring financial support, indicating a focus on maintaining a young workforce[195]. Acquisitions and Investments - The company successfully acquired 100% of ActBlue France SAS, enhancing its business structure and global market presence[77]. - The company completed the acquisition of ABF in 2021, enhancing its R&D capabilities with a focus on high-quality talent[91]. - The company completed the acquisition of 100% equity in Faulquemont for a total investment of approximately ¥107.79 million[105]. - The company has established three new subsidiaries during the reporting period, expanding its operational footprint[86].