Buydeem Group(SZ:300824)2022-03-23 16:00Financial Performance - The company's operating revenue for 2021 was ¥846,913,164.92, representing a year-on-year increase of 20.84% compared to ¥700,875,386.58 in 2020[5]. - The net profit attributable to shareholders for 2021 was ¥108,489,245.04, an increase of 8.11% from ¥100,349,795.95 in 2020[5]. - The net profit after deducting non-recurring gains and losses was ¥101,103,721.68, up 11.60% from ¥90,591,037.35 in 2020[5]. - The total assets at the end of 2021 were ¥977,059,023.49, a 20.56% increase from ¥810,442,623.93 at the end of 2020[5]. - The net assets attributable to shareholders increased by 8.49% to ¥716,815,958.96 at the end of 2021 from ¥660,727,447.65 at the end of 2020[5]. - The basic earnings per share for 2021 was ¥0.4990, a decrease of 5.40% from ¥0.5275 in 2020[5]. - The weighted average return on equity was 15.98%, down 4 percentage points from 19.98% in 2020[5]. - The company achieved total revenue of 846.91 million yuan, a year-on-year increase of 20.84%[68]. - The net profit attributable to shareholders was 108.49 million yuan, reflecting a year-on-year growth of 8.11%[68]. - The "BUYDEEM" brand revenue reached 632.16 million yuan, up 26.15% compared to the previous year[71]. - The total revenue for the reporting period was 632.16 million yuan, a 26.16% increase compared to the previous year, with domestic revenue accounting for 90.71% and overseas revenue 9.29%[81]. - The company reported a total revenue of RMB 28,178.04 million for the year 2021[129]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[189]. Research and Development - The company reported a significant focus on R&D for new products and technologies, aiming to enhance its market competitiveness[15]. - R&D investment amounted to 30.78 million yuan, representing 4.87% of the revenue from the proprietary brand[64]. - The company holds a total of 210 patents, including 81 domestic invention patents[64]. - Research and development expenses rose to ¥30,778,996.21, a 16.43% increase from ¥26,435,637.82 in 2020, driven by increased personnel costs and new product development[109]. - The company's R&D investment in 2021 amounted to ¥30,778,996.21, representing 3.63% of total revenue, a slight decrease from 3.77% in 2020[110]. - The number of R&D personnel increased by 35.94% from 64 in 2020 to 87 in 2021, with a notable rise in the proportion of personnel holding bachelor's degrees[110]. - The company plans to increase R&D investment to foster product innovation and enhance user experience to combat market competition[146]. - The company is investing 100 million RMB in R&D for new technologies in the upcoming year[189]. Market Expansion and Strategy - The company is actively pursuing market expansion strategies to increase its market share and reach[15]. - The company plans to expand its global business for the "BUYDEEM" brand, leveraging the trend of e-commerce globalization[36]. - The company has been expanding its overseas market since 2017, with a focus on North America, Japan, and Southeast Asia, utilizing various sales channels[56]. - The company achieved total revenue of 846.91 million yuan, a year-on-year increase of 20.84%[68]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2023[153]. - The company is exploring potential acquisitions to strengthen its technology portfolio, with a budget of 300 million RMB allocated for this purpose[155]. - Market expansion plans include entering three new international markets by the end of 2022[189]. Governance and Compliance - The company has established a robust governance structure, ensuring effective oversight and management of its operations[4]. - The company has a strong commitment to transparency, with all board members present for the report's approval, ensuring accountability[4]. - The company emphasizes investor relations management and has established effective systems to maintain relationships with investors and regulatory bodies[161]. - The company has implemented an internal audit system that effectively regulates management and ensures normal business operations[164]. - The board of directors has been restructured to include 3 independent directors, ensuring compliance with governance standards[158]. - The company has a diverse board with members holding various professional backgrounds, enhancing its governance structure[173]. - The company has not provided undisclosed information to major shareholders or actual controllers, ensuring compliance with governance standards[163]. - The independent directors have been involved in strategic decision-making processes to ensure compliance and governance[185]. Investor Relations and Communication - The company’s website and contact information are readily available for investor inquiries, promoting open communication[17]. - The company emphasizes the importance of risk awareness among investors regarding future strategic plans and forecasts[5]. - The company held two shareholder meetings during the reporting period, with investor participation rates of 58.29% and 58.94% respectively[169]. - The company has established a management system for information disclosure to ensure the authenticity, accuracy, completeness, timeliness, and fairness of disclosed information[161]. - The company has implemented a new performance evaluation system for management, aimed at improving operational efficiency and accountability[157]. Product Development and Innovation - The company focuses on improving dietary needs and aims to provide high-quality products and services under its "BUYDEEM" brand, including health pots, ovens, and steamers[36][38]. - The product matrix has expanded, with significant growth in the steam pot category, which increased by 75.60% year-on-year[73]. - The company launched several new products, including the "SmartK" health pot and various coffee-related products, expanding its diversified product matrix[77]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on smart home technology[152]. - The company aims to enhance its product matrix and user experience while exploring new product categories and life scenarios[137]. Operational Efficiency - The overall inventory turnover rate for the company was 2.48 times per year, indicating efficient inventory management[96]. - The total logistics and warehousing expenses amounted to 43.08 million yuan during the reporting period[97]. - The company has implemented a long-term incentive mechanism for employees to align their interests with the company's growth[66]. - The company conducts internal training for new employees to enhance their understanding of the company and its culture[200]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, which could impact cost control and operational performance[141]. - Currency exchange rate fluctuations pose a risk to the company's performance, as sales and imports are primarily settled in USD and HKD[143]. - The company will monitor raw material market changes and implement management measures to mitigate production impacts[142].