扬电科技(301012) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥511,640,831.43, representing a 16.78% increase compared to ¥438,111,687.30 in 2020[18] - The net profit attributable to shareholders for 2021 was ¥51,554,380.19, a 5.06% increase from ¥49,072,141.86 in 2020[18] - The net cash flow from operating activities was negative at ¥-97,206,925.43, a significant decline of 332.61% compared to ¥41,788,850.38 in 2020[18] - The total assets at the end of 2021 amounted to ¥855,815,290.55, reflecting a 44.56% increase from ¥592,022,311.24 at the end of 2020[18] - The net assets attributable to shareholders increased by 46.89% to ¥564,581,712.68 at the end of 2021, up from ¥384,351,643.80 at the end of 2020[18] - The basic earnings per share for 2021 was ¥0.7, a decrease of 10.26% from ¥0.78 in 2020[18] - The weighted average return on net assets was 10.87%, down from 13.66% in 2020, indicating a decline of 2.79%[18] Revenue Breakdown - The company's total revenue for Q1 was approximately ¥86.93 million, Q2 was ¥147.36 million, Q3 was ¥130.08 million, and Q4 was ¥147.27 million[20] - Net profit attributable to shareholders for Q1 was approximately ¥8.47 million, Q2 was ¥17.98 million, Q3 was ¥10.58 million, and Q4 was ¥14.53 million[20] - The transformer business accounted for ¥483.92 million, or 94.58% of total revenue, with a year-on-year growth of 19.74%[68] - The sales volume of the transformer business increased by 24.35% to ¥389.62 million, while production volume rose by 53.81% to ¥438.82 million[71] - The domestic market contributed ¥505.44 million, or 98.79% of total revenue, with an 18.81% increase from the previous year[68] Cash Flow and Investments - The company's operating cash inflow for 2021 was CNY 240,203,424.26, an increase of 16.47% compared to 2020[83] - Operating cash outflow increased by 105.18% to CNY 337,410,349.69, leading to a net cash flow from operating activities of -CNY 97,206,925.43, a decrease of 332.61%[83] - Investment cash inflow surged by 73,337.83% to CNY 102,592,647.21, while investment cash outflow rose by 870.86% to CNY 124,126,748.30, resulting in a net cash flow from investing activities of -CNY 21,534,101.09[83] - The net cash flow from financing activities increased significantly to CNY 148,360,605.01, a change of -762.72% compared to the previous year, primarily due to public stock issuance[83] Research and Development - Research and development expenses increased by 4.34% to ¥16,570,335.31 in 2021 compared to ¥15,881,403.09 in 2020[78] - The number of R&D personnel increased by 7.14% to 30, with a notable rise in the number of bachelor's degree holders from 7 to 11, representing a 57.14% increase[81] - The company is developing high-efficiency silicon steel transformers, which are expected to significantly enhance market share in the energy-efficient transformer sector[80] - The company is also focusing on low-noise amorphous alloy transformers, which will expand its market presence in areas with high noise requirements[81] Product Development and Market Strategy - The company is focused on the development of energy-efficient transformers and related products, which are crucial for the power supply and distribution industry[28] - The company aims to increase the proportion of high-efficiency energy-saving transformers in operation by 10% by 2023, with a target of 75% for newly added transformers[31] - The company plans to extend its product types into more fields, focusing on the application of amorphous and nanocrystalline materials in energy-saving electrical equipment[42] - The company is actively expanding into the power electronics component sector, developing new nanocrystalline soft magnetic materials to meet industry demands for high-frequency and low-energy consumption[54] Corporate Governance - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[119] - The board of directors operates independently, adhering to regulations and ensuring no interference from controlling shareholders in decision-making processes[119] - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with all shareholders[120] - The company has established four specialized committees under the board to provide scientific and professional advice for decision-making[116] Social Responsibility and Environmental Impact - The company emphasizes environmental protection and has installed ventilation and dust removal equipment in its facilities[156] - The company aims to balance economic, environmental, and social responsibilities while enhancing its corporate image and competitiveness[156] - The company donated RMB 100,000 to the Red Cross Society of Jiangyan District for the "Happy Jiangcheng" public welfare project in March 2021[159] Employee Management - The total number of employees at the end of the reporting period was 271, with 225 in the parent company and 45 in major subsidiaries[142] - Employee training programs are emphasized, including onboarding, skills enhancement, and management training to improve overall employee capabilities[145] - The company has established a comprehensive human resources management system to attract talent through competitive compensation and benefits[157] Shareholder Information - The company distributed a cash dividend of 1.00 yuan per 10 shares, totaling 8,400,000 yuan, which represents 100% of the distributable profit[146] - The total distributable profit for the year was 105,460,023.49 yuan[146] - The largest shareholder, Cheng Junming, holds 32.50% of the shares, totaling 27,300,000 shares[196] - The second-largest shareholder, Zhao Henglong, owns 13.93% of the shares, amounting to 11,700,000 shares[196]