博亚精工(300971) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥392,494,177.74, representing a 7.78% increase compared to ¥364,147,928.59 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥85,773,325.25, a 2.36% increase from ¥83,793,083.33 in 2020[20]. - The net cash flow from operating activities increased by 71.23% to ¥86,124,557.35 in 2021, up from ¥50,296,439.34 in 2020[20]. - The total assets at the end of 2021 reached ¥1,148,040,442.91, a 56.99% increase from ¥731,273,540.35 at the end of 2020[20]. - The net assets attributable to shareholders increased by 79.95% to ¥897,418,734.78 at the end of 2021, compared to ¥498,715,910.08 at the end of 2020[20]. - The company reported a basic earnings per share of ¥1.110 in 2021, down 16.54% from ¥1.33 in 2020[20]. - The company achieved operating revenue of ¥392,494,177.74, a year-on-year increase of 7.78%[49]. - Net profit attributable to shareholders reached ¥85,773,325.25, reflecting a growth of 2.36% compared to the previous year[49]. - Cash flow from operating activities increased significantly by 71.23%, amounting to ¥86,124,557.35[49]. - The company's total assets grew by 56.99% to ¥1,148,040,442.91, while net assets attributable to shareholders increased by 79.95% to ¥897,418,734.78[49]. Research and Development - The company emphasizes the importance of product research and technological innovation, aiming to expand into more specialized mechanical manufacturing fields[7]. - The company is committed to improving its research and development system and incentivizing technical talent to maintain competitive advantages[7]. - The company's R&D expenses rose by 8.50% to ¥37,567,639.82, indicating a focus on expanding its technological capabilities[49]. - The number of R&D personnel increased by 11.19% from 143 in 2020 to 159 in 2021, with the proportion of R&D staff rising to 21.00%[66]. - The company aims to maintain a high level of R&D investment, with a product update cycle of 3-5 years, focusing on enhancing self-manufacturing technology and integrating equipment[92]. - The company has developed proprietary technology for closed coking equipment, supporting horizontal development in the environmental protection sector[65]. - The company has successfully developed precision equipment and key components for the steel and non-ferrous metallurgy industries, achieving significant import substitution and establishing a strong brand presence in the "specialized, precise, and unique" manufacturing sector[84]. Market Strategy and Expansion - The global economic downturn and the impact of the COVID-19 pandemic have posed significant challenges for the company's market expansion and transformation efforts[31]. - The company is actively enhancing local services to strengthen cooperation with end customers and mitigate risks associated with investment projects[6]. - The company aims to participate in the research and development of special equipment, leveraging its technology accumulated in the civilian sector[31]. - The company collaborates with major global steel groups, including Baowu Steel Group and Nippon Steel, and has established good relationships with several subsidiaries of major metallurgical equipment manufacturers[34]. - The company is actively participating in the "Belt and Road" initiative, aiming to leverage its steel industry advantages to expand into underdeveloped countries along the route[96]. - The company has formed strategic partnerships with leading clients such as Baowu Steel Group and Shougang Group, enhancing its market share in high-end products[95]. - The company is focusing on long-term strategic cooperation with industry leaders to drive technological collaboration and promote new technologies[95]. Operational Efficiency and Quality Control - The company has established a comprehensive quality control program, certified by various management systems, ensuring efficient and standardized operations[42]. - The company has implemented a specialized production system, enhancing production management levels and ensuring efficient delivery of products that meet customer specifications[38]. - The company emphasizes independent research and development, maintaining a high profit level by continuously improving product performance and meeting customer needs[35]. - The company has established a comprehensive after-sales service network to enhance customer satisfaction, ensuring timely and effective responses to user issues[175]. - The company emphasizes quality management, implementing a comprehensive quality management system to improve product quality and brand image[174]. Social Responsibility and Community Engagement - The company actively engages in social responsibility initiatives, including poverty alleviation and community support[165]. - The company has been actively involved in charity donations, including 50 million yuan for rural revitalization and 30 million yuan for disaster relief in Henan[184]. - The company participated in various social welfare activities, donating a total of 26 million yuan for community projects and disaster relief efforts[184]. - The company has established cooperatives to enhance collective economic development and increase farmers' income[184]. - The company has committed to social responsibility by providing assistance to elderly villagers and veterans during festivals[184]. - The company was recognized as a "Harmonious Labor Relations Enterprise" by the Hubei Provincial Human Resources and Social Security Department[184]. Governance and Compliance - The company has a complete governance structure including a shareholders' meeting, board of directors, and supervisory board, functioning independently from its controlling shareholders[115]. - The company is committed to transparency in its financial reporting and governance practices[139]. - The company has maintained effective internal controls related to financial statements as of December 31, 2021, according to the internal control audit report[161]. - The internal control audit report issued a standard unqualified opinion, indicating no major issues were found[162]. - The company emphasizes the protection of shareholder and creditor rights, adhering to relevant laws and regulations in its governance practices[165]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[164]. Employee Management and Development - The total number of employees at the end of the reporting period was 757, with 420 in the parent company and 337 in major subsidiaries[149]. - Employee training rate reached 97.5%, with 52 training sessions conducted, including 8 sessions at "Boyang Academy" for 333 participants[171]. - The company has a dual-channel career development path for employees, allowing for management or professional advancement[171]. - The company has established a comprehensive training system to enhance management awareness and employee skills, focusing on various training programs[152]. - The company promotes a harmonious workplace atmosphere, providing various benefits and support for employees during significant life events[172]. Investment and Financial Management - The company has committed to invest a total of CNY 40,000 million in fundraising projects, with an actual investment of CNY 34,373.52 million, representing an investment progress of 85.93%[74]. - The company has a cash management plan for temporarily idle fundraising of up to CNY 12,000 million, with CNY 9,000 million invested in structured deposits[77]. - The company has identified issues with cash management and pre-investment fund replacement processes, which have been addressed in subsequent board meetings[77]. - The company has reported a net profit from its subsidiary Jinggong Machinery of CNY 593,008.05 million during the reporting period[82]. - The company has a profit distribution policy that mandates a minimum cash distribution of 20% of the current year's distributable profit during growth phases[154]. Environmental Responsibility - The company disposed of 699.7 tons of general solid waste and 49.1 tons of hazardous waste, all handled by qualified third-party institutions[181]. - The company invested over 200,000 RMB in upgrading general solid waste storage and 100,000 RMB for a new oil fume filtration device, achieving a 97% operational rate for environmental protection equipment[181]. - The company constructed an intelligent spray painting workshop and added two catalytic combustion waste gas treatment devices, meeting higher than national standards[181]. - The company successfully passed the annual supervision audit for quality, environmental, and occupational health safety management systems[182].