朗特智能(300916) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 960,030,639.80, representing a 23.97% increase compared to CNY 774,427,445.71 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 140,933,357.09, a significant increase of 57.88% from CNY 89,266,299.53 in 2020[20]. - The net profit after deducting non-recurring gains and losses was CNY 121,772,962.35, up 44.27% from CNY 84,407,704.41 in 2020[20]. - The basic earnings per share for 2021 was CNY 2.21, reflecting a 33.94% increase from CNY 1.65 in 2020[20]. - The total assets at the end of 2021 amounted to CNY 1,294,448,074.54, an 18.95% increase from CNY 1,088,258,773.39 at the end of 2020[20]. - The net assets attributable to shareholders increased by 15.29% to CNY 960,701,364.45 at the end of 2021 from CNY 833,267,558.07 at the end of 2020[20]. - The company reported a net cash flow from operating activities of CNY 129,150,350.03, a slight increase of 0.50% compared to CNY 128,510,005.64 in 2020[20]. - The company experienced a decline in the weighted average return on equity, which was 15.71% in 2021, down from 26.23% in 2020[20]. - The company achieved a revenue of 960 million yuan, representing a year-on-year growth of 23.97%[45]. - The net profit attributable to shareholders reached 140.93 million yuan, an increase of 57.88% compared to the previous year[45]. Dividend and Share Capital - The company reported a profit distribution plan, proposing a cash dividend of 3.00 RMB per 10 shares and a capital reserve conversion of 5 shares for every 10 shares held[6]. - The total cash dividend for the 2021 fiscal year is set at 19,161,000 RMB, with a share base of 63,870,000 shares, and no stock bonuses were issued[156]. - The company has maintained a cash dividend payout ratio of 100% of the distributable profits for the reporting period[155]. - The company plans to increase its total share capital to 95,805,000 shares through a capital reserve transfer of 5 shares for every 10 shares held[156]. Industry Position and Market Trends - The company operates in the smart control industry, focusing on intelligent controllers and related products[14]. - The company is positioned in the intelligent controller manufacturing industry, which is supported by national policies and has seen increasing demand for automation and intelligence in various sectors[29]. - The smart controller industry in China is projected to maintain an annual growth rate of approximately 12% from 2018 to 2023, with the market size expected to exceed 3 trillion yuan by 2023[31]. - The demand for automation and intelligence in products is increasing, leading to higher technical barriers in the smart controller industry[32]. - The smart controller industry is experiencing a trend towards globalization and specialization, providing significant opportunities for domestic manufacturers[32]. Research and Development - The company invested 35.39 million yuan in R&D, a 30.89% increase year-on-year, accounting for 3.69% of total revenue[59]. - The company has developed 62 patents, including 14 invention patents and 32 utility model patents, enhancing its competitive edge in R&D[47]. - The new product development cycle typically spans 6 to 12 months, involving multiple stages from market demand investigation to mass production[39]. - The company actively participates in the design and development of new products, providing tailored solutions to meet customer needs[39]. - The R&D team has seen a significant increase in younger personnel, with a 37.21% rise in employees under 30 years old[77]. Supply Chain and Production - The company employs both OEM and ODM business models, allowing for greater control over material costs and production efficiency, particularly under the ODM model[38]. - The company has implemented a flexible manufacturing model characterized by "make-to-order" and "small batch production" to meet diverse customer needs[42]. - The company has established a comprehensive supplier management system, ensuring a robust supply chain with 2-3 qualified suppliers for key raw materials[41]. - The company has strengthened its supply chain management to mitigate cost pressures from raw material price increases and chip shortages[60]. Governance and Compliance - The company emphasizes timely and accurate information disclosure, with the chairman as the primary responsible person for disclosures[124]. - The company has established a comprehensive internal control system to ensure effective risk management and operational efficiency[126]. - The governance structure includes a board of directors with 5 members, 2 of whom are independent directors, ensuring compliance with relevant regulations[121]. - The company has implemented a performance evaluation and incentive system linking management compensation to business performance[125]. - The company has complied with all legal and regulatory requirements regarding shareholder meetings and decision-making processes[119]. Risks and Challenges - The company faces risks related to high foreign sales revenue and potential impacts from international market competition and trade policies[107]. - Rising raw material prices and chip shortages pose significant risks to the smart controller industry, impacting production costs[110]. - The company will closely monitor domestic and international market dynamics to enhance core competitiveness and risk resistance[110]. Social Responsibility and Community Engagement - The company actively engages in social responsibility, providing assistance to employees in need through its charity foundation[167]. - The company has taken measures to support poverty alleviation and rural revitalization in Guangxi, enhancing local infrastructure and employment[168]. - The company has not faced any environmental penalties during the reporting period, emphasizing its commitment to environmental protection[164].