Financial Performance - The company's operating revenue for 2021 was ¥512,151,997.31, representing a 15.38% increase compared to ¥443,875,067.33 in 2020[20]. - The net profit attributable to shareholders decreased by 2.64% to ¥49,410,912.21 in 2021 from ¥50,749,035.15 in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥36,920,209.23, down 21.24% from ¥46,877,376.56 in the previous year[20]. - The net cash flow from operating activities significantly dropped by 67.84% to ¥23,163,825.51 from ¥72,034,058.82 in 2020[20]. - Total assets increased by 17.64% to ¥819,070,721.74 at the end of 2021, compared to ¥696,274,570.03 at the end of 2020[20]. - The net assets attributable to shareholders rose by 57.93% to ¥590,031,678.06 from ¥373,596,506.90 in 2020[20]. - The company reported a basic earnings per share of ¥0.37, a decrease of 15.91% from ¥0.44 in 2020[20]. - The company's operating revenue for the reporting period was RMB 512,151,997.31, representing a 15.38% increase compared to RMB 443,875,067.33 in the previous year, primarily due to an increase in orders[64]. - Operating costs rose to RMB 392,444,097.65, a 23.33% increase from RMB 318,214,327.56, attributed to higher order volumes and the inclusion of freight costs in the cost accounting[64]. - The gross profit margin for the manufacturing sector was 23.19%, a decrease of 4.76% compared to the previous year[69]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 153,340,000 shares[5]. - The cash dividend for the 2021 profit distribution plan is set at RMB 1.00 per 10 shares, totaling RMB 15,334,000.00, which accounts for 100% of the profit distribution[181]. - The company did not distribute any dividends in 2020, and the profit distribution policy was strictly followed during the reporting period[179]. Research and Development - R&D expenses totaled over 27 million yuan, marking a year-on-year increase of 35.26%[44]. - The company holds 39 invention patents and 22 utility model patents, demonstrating strong innovation capabilities in the precision shaft and cutting parts market[37]. - The company completed several R&D projects in 2021 aimed at improving product quality and expanding customer base, including the engine fuel injection system valve assembly and electric power steering system[80]. - The company aims to enhance market competitiveness and profitability through new product development and process optimization[80]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product efficiency[159]. Market and Sales Performance - The automotive industry faced challenges such as chip shortages and rising raw material prices, yet the company maintained stable revenue growth[29]. - The domestic automotive market saw production and sales increase by 3.4% and 3.8% respectively in 2021, with significant growth in the new energy vehicle sector[29]. - The company achieved a historical sales revenue of 68.28 million yuan during the reporting period, with a significant increase in overall operating performance[42]. - New sales revenue from the power system products reached 35.69 million yuan, representing a growth of 15.7%, while industrial precision components saw an increase of 8.15 million yuan, with a growth rate of 23.35%[42]. - The company added 90 new mass production products, including 6 components for new energy vehicles and 12 servo motor shafts for machine tools[43]. Risk Management - The company emphasizes the importance of risk management and outlines potential risks and countermeasures in its future development outlook[5]. - The company faces risks related to macroeconomic fluctuations, raw material price volatility, and potential declines in the automotive industry[114][115][116]. - As of the reporting period, accounts receivable amounted to CNY 132.63 million, representing 25.90% of the revenue, indicating potential financial risk[118]. - The company's inventory balance was CNY 112.39 million, with risks associated with product quality and market demand fluctuations potentially impacting sales[120]. Corporate Governance - The company has established a governance structure to ensure compliance with laws and regulations, protecting the interests of all shareholders[137]. - The company has a complete governance structure with independent institutions such as the shareholders' meeting, board of directors, and supervisory board[146]. - The company has maintained a stable governance structure with no changes in the board of directors or senior management during the reporting period[151]. - The company is committed to maintaining high standards of corporate governance, as evidenced by the presence of independent directors[151]. - The company has engaged in discussions regarding the appointment of senior management personnel in October 2021[166]. Environmental and Social Responsibility - The company has implemented a comprehensive environmental protection strategy, ensuring all environmental factors meet national and local standards[196]. - Measures taken to reduce carbon emissions included the use of energy-efficient lighting and the establishment of green areas within the factory[192]. - The company donated 300,000 RMB to the Red Cross for pandemic prevention efforts in the region[195]. - The company achieved a nearly 90% vaccination rate among employees[198]. - The company has been recognized as a model enterprise for harmonious labor relations in Dalian[194]. Future Outlook - The company expects a revenue guidance of 1.8 billion RMB for the next fiscal year, indicating a projected growth of 20%[159]. - New product launches are anticipated to contribute an additional 300 million RMB in revenue over the next year[159]. - Market expansion plans include entering two new international markets by Q3 2022, targeting a 15% increase in overall market share[159]. - The company plans to enhance its governance capabilities and internal control systems to improve decision-making efficiency[109]. - The company plans to complete the development of new products, including the hydrogen energy vehicle axle and IPB electronic brake system, by December 2022, which are expected to enhance market competitiveness and sales[83].
德迈仕(301007) - 2021 Q4 - 年度财报