Financial Performance - The company's operating revenue for 2021 was ¥893,234,176.16, representing a 14.87% increase compared to ¥777,636,560.46 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥180,789,588.77, a 24.77% increase from ¥144,897,239.69 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥164,861,218.39, up 29.18% from ¥127,616,550.40 in 2020[21]. - The total assets at the end of 2021 reached ¥1,568,510,770.80, a 77.13% increase from ¥885,525,428.92 at the end of 2020[21]. - The net assets attributable to shareholders increased by 104.88% to ¥1,098,637,724.43 from ¥536,231,422.53 in 2020[21]. - The basic earnings per share for 2021 was ¥0.56, a 9.80% increase from ¥0.51 in 2020[21]. - The weighted average return on equity decreased to 22.72% from 30.37% in 2020, a decline of 7.65%[21]. - The company reported a net cash flow from operating activities of ¥178,354,475.81, down 12.92% from ¥204,817,619.15 in 2020[21]. - In 2021, the company achieved a total revenue of 893.23 million yuan, representing a year-on-year growth of 14.87%, and a net profit of 180.79 million yuan, up 24.77% from the previous year[76]. - By the end of 2021, the company's total assets reached 1.57 billion yuan, an increase of 77.13% compared to the end of the previous year, while owner’s equity grew by 104.88% to 1.10 billion yuan[77]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential risks in future development[5]. - The company has detailed potential risk factors in its report, which investors should pay attention to[5]. - The company recognizes risks from macroeconomic fluctuations that could impact demand for its products and plans to enhance communication with customers and improve product value[126]. - The main raw materials for the company's products are steel and castings, with significant price fluctuations impacting production costs; the company aims to optimize processes and establish long-term supplier relationships to mitigate these risks[128]. - The company maintains stable gross margins despite market fluctuations and competitive pressures[131]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring equal rights for all shareholders, especially minority shareholders[135]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[136]. - The company actively engages with investors through various channels to enhance information transparency and protect shareholder rights[137]. - The company has established a structured governance framework, including a shareholders' meeting, board of directors, and supervisory board, ensuring independent decision-making[141]. - The company has independent directors who are compensated at market levels, with specific amounts listed for each[161]. - The company has a structured remuneration system based on position, qualifications, and performance evaluations, which is approved by the board[159]. - The company has not reported any significant differences between its governance practices and the regulations set by the China Securities Regulatory Commission[138]. Research and Development - The company has invested in R&D to enhance core capabilities in screw compressor design and manufacturing, positioning itself as a leading provider in the compressed air system market[32]. - The company is focusing on the development of energy-efficient and environmentally friendly air compressors, aligning with national policies promoting green technology innovation[36]. - The company aims to continuously improve its product competitiveness by enhancing R&D and production processes[34]. - The company is developing several new products, including a dry oil-free twin-screw compressor aimed at expanding market applications in food, medical, and petrochemical industries[93]. - The number of R&D personnel increased by 15.46% to 112, with a higher proportion of staff holding bachelor's and master's degrees[93]. - The company has a total of 60 utility model patents and has established itself as a national-level specialized "little giant" enterprise, indicating strong R&D capabilities[72]. Environmental Responsibility - The company has implemented pollution control facilities, including a wastewater treatment plant and organic waste gas treatment facilities, which are operating normally and ensuring compliance with environmental standards[188]. - The company adheres to environmental protection laws and regulations, ensuring that all construction projects meet environmental impact assessment requirements[189]. - The company has implemented an emergency response plan for environmental incidents, enhancing coordination among departments and conducting drills to minimize losses and social harm from such events[190]. - The company has established an environmental self-monitoring plan, purchased wastewater pollutant detection equipment, and regularly engages third-party monitoring firms to ensure compliance with discharge permits[191]. - During the reporting period, the company did not face any administrative penalties related to environmental issues, indicating compliance with regulations[192]. Market Position and Strategy - The company is positioned to benefit from the growing demand for energy-efficient compressors in the context of China's carbon neutrality goals[31]. - The compressor industry in China is expected to maintain a rapid growth rate, driven by increased industrial activity and infrastructure investments[31]. - The company has established a strong market competitiveness with its permanent magnet variable frequency integrated air compressor, providing energy-saving and environmentally friendly solutions[32]. - The company is committed to expanding its market presence in sectors such as integrated circuits, new energy, and automotive, leveraging its advanced compressor technology[39]. - The company is focused on achieving a significant market share in the energy-saving equipment sector, aiming to cultivate a leading position in the domestic market by 2025[39]. Shareholder Engagement - The company actively protects shareholder rights by conducting shareholder meetings in accordance with legal requirements and ensuring timely and accurate information disclosure[194]. - The company has held multiple shareholder meetings in 2021, with 100% investor participation in the first two temporary shareholder meetings[143]. - The company has established a clear framework for managing shareholder actions post-IPO, enhancing investor confidence[200]. - The commitments are designed to stabilize the stock price and protect the interests of all shareholders during the initial trading period[200]. Employee Relations - The company has implemented a competitive compensation system and provides social insurance for employees, including pension, medical, work injury, maternity, and unemployment insurance[171]. - The company is focused on building a comprehensive talent development system, offering training in professional skills, leadership, management, and general skills[172]. - The total number of employees at the end of the reporting period was 805, with 576 in production, 28 in sales, 112 in technical roles, 10 in finance, and 79 in administration[170]. Financial Controls - The company maintains effective financial reporting internal controls without any major deficiencies identified[179]. - The internal control system has been continuously improved to adapt to changing external and internal management requirements[179]. - The company has not experienced any significant changes in the feasibility of its investment projects during the reporting period[110].
东亚机械(301028) - 2021 Q4 - 年度财报