中环海陆(301040) - 2021 Q4 - 年度财报

Investment and Development - The company plans to increase investment in the market development of large offshore wind power ring forgings to enhance core competitiveness[4]. - The company is investing in a "High-end Ring Forging Green Intelligent Manufacturing Project," which is expected to significantly impact its strategic development and operational scale[6]. - The company is developing a 2.5-3.0MW wind turbine gearbox forging project aimed at achieving industry-leading performance and specifications, with plans for mass production[64]. - The company is working on a large-diameter flange forging process to support the production of large shield tunneling machines, which is expected to significantly boost market presence[66]. - The company has committed to invest RMB 466.25 million in various projects, with a cumulative investment of RMB 280.37 million as of the report date[83]. Financial Performance - The company's operating revenue for 2021 was ¥1,068,930,986.04, a decrease of 2.59% compared to ¥1,097,353,755.08 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥72,389,208.72, down 45.94% from ¥133,904,976.46 in 2020[17]. - The total operating revenue for 2021 was ¥1,068,930,986.04, a decrease of 2.59% compared to ¥1,097,353,755.08 in 2020[57]. - The company reported a total revenue of 30,991,000 in the fiscal year 2021[115]. - The total revenue for the company in 2021 was reported to be CNY 1.2 billion, reflecting a year-on-year growth of 15%[120]. Profit Distribution - The profit distribution plan approved by the board is a cash dividend of 2.00 yuan per 10 shares (including tax) based on a base of 100,000,000 shares[6]. - The company plans to distribute profits at least once a year, prioritizing cash dividends over stock distributions, contingent on positive distributable profits and sufficient cash flow[138]. - The total distributable profit for the year is reported at 310,788,972.45 CNY, with the cash dividend amounting to 20,000,000 CNY, representing 100% of the profit distribution[144]. - The cash dividend policy requires a minimum distribution of 10% of the distributable profit, with specific ratios based on the company's development stage and capital expenditure plans[143]. - The company has established a differentiated cash dividend policy, mandating a minimum of 80% cash dividend for mature companies without major capital expenditures[143]. Research and Development - The company maintains a strong focus on research and development of new technologies and processes to adapt to market changes[4]. - The company invested approximately ¥34.94 million in R&D in 2021, representing 3.27% of its operating revenue[68]. - The number of R&D personnel increased by 7.14% from 42 in 2020 to 45 in 2021, with R&D personnel now accounting for 14.15% of the total workforce[67]. - The company plans to allocate CNY 50 million for research and development of new technologies in the upcoming fiscal year[120]. - The company is committed to ongoing research and development to innovate and improve its high-end equipment offerings[115]. Market Strategy - The company emphasizes a balanced development strategy between domestic and overseas markets to mitigate risks from policy fluctuations in the wind power industry[5]. - The company is focusing on expanding its production capacity, with plans to enhance its capacity utilization in the coming years[99]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2023[120]. - The company is actively developing new products and technologies, particularly in the wind power sector, where its forged products are being increasingly applied[99]. - The company has established a strong presence in the export market, with a notable percentage of its sales coming from international clients[99]. Risk Management - The company acknowledges risks related to macroeconomic fluctuations and the potential impact on the wind power industry, which could affect operational conditions[4]. - The company faces risks from fluctuations in raw material prices, which significantly impact production costs, and plans to mitigate this through technology innovation and long-term supplier relationships[94]. - The company has identified safety production risks due to the hazardous nature of its manufacturing processes and is implementing strict safety training and management protocols[94]. - The impact of the COVID-19 pandemic on demand and operations is a concern, prompting the company to develop new markets and products while stabilizing existing customer relationships[95]. - The company is addressing potential quality risks by enhancing production discipline and regular maintenance of production equipment to ensure product quality[95]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, ensuring compliance with relevant laws and regulations[102]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced governance structure[103]. - The company emphasizes timely and accurate information disclosure to investors, with a designated team responsible for investor relations[103]. - The company has not faced any penalties regarding internal control issues from regulatory bodies during the reporting period[104]. - The company has established measures to avoid competition with its main business, including ceasing competitive activities within 6 months if necessary[166]. Environmental Responsibility - The company actively responded to national carbon neutrality policies by purchasing the latest environmental protection equipment and adopting advanced eco-friendly processes[156]. - The company achieved certifications for quality management (ISO 9001), environmental management (ISO 14001), and occupational health and safety management (ISO 45001) during the reporting period[157]. - The company has established effective pollution control facilities and has not experienced any environmental incidents during the year[161]. - The company is committed to sustainable development and actively contributes to energy conservation and emission reduction goals[161]. - The company has implemented measures to protect employee rights, including comprehensive welfare and safety guarantees[159].