Financial Performance - The company's total revenue for the year was not explicitly stated in the provided documents, but it emphasizes the importance of financial accuracy and completeness in its reporting [4]. - The company's operating revenue for 2021 was ¥498,351,912.87, representing a 103.50% increase compared to ¥244,887,635.55 in 2020 [24]. - The net profit attributable to shareholders for 2021 was ¥239,555,305.78, a significant increase of 228.17% from ¥72,996,768.54 in 2020 [24]. - The net profit after deducting non-recurring gains and losses was ¥229,156,371.59, up 241.21% from ¥67,159,566.95 in 2020 [24]. - The basic earnings per share for 2021 was ¥4.88, which is a 203.11% increase compared to ¥1.610 in 2020 [24]. - The total assets at the end of 2021 were ¥1,423,536,775.26, reflecting a 79.06% increase from ¥794,995,445.97 at the end of 2020 [24]. - The net assets attributable to shareholders at the end of 2021 were ¥958,318,369.71, an increase of 115.24% from ¥445,235,764.70 at the end of 2020 [24]. - The net cash flow from operating activities for 2021 was ¥288,076,548.61, a 187.47% increase from ¥100,212,230.08 in 2020 [24]. - The company achieved a revenue of 498.35 million CNY in 2021, representing a 103.50% increase year-over-year [40]. - The revenue from cultivated diamonds reached ¥197,201,331.19, showing a significant growth of 428.11% from ¥37,340,984.35 in the previous year [80]. - The company's total operating costs increased by 29.14% to 179,056,105.96 CNY, driven by higher material and manufacturing costs [86]. Dividend Distribution - The company reported a cash dividend of 10.00 per 10 shares to all shareholders, with no bonus shares issued [5]. - The total distributable profit for the period is 486,540,077.01 RMB, with the cash dividend accounting for 100.00% of the profit distribution [195]. - The company plans to distribute a cash dividend of 10.00 RMB per 10 shares, totaling 60,371,980.00 RMB, with a capital reserve increase of 10 shares for every 10 shares held [195]. Research and Development - The company is focused on the research and development of synthetic diamonds, aiming to enhance production efficiency and product quality [18]. - The company has developed the capability to produce high-grade synthetic diamonds ranging from 2 to 10 carats, with ongoing research for larger sizes exceeding 30 carats [44]. - The company holds 46 authorized patents, including 8 invention patents, showcasing its strong R&D capabilities [44]. - Research and development expenses surged by 166.34% to 26,554,013.74 CNY, reflecting the company's commitment to innovation and new product development [90]. - The number of R&D personnel increased by 22.50% to 49 in 2021, while the proportion of R&D personnel to total staff slightly decreased to 11.50% [96]. - The company has committed to focusing on research and development of synthetic diamond products, including diamond single crystals and micro-powder technologies [115]. Market Position and Strategy - The company plans to expand its market presence by increasing production capacity and exploring new sales channels [18]. - The company is positioned in a rapidly growing sector, benefiting from favorable policies and market opportunities in the synthetic diamond industry [36]. - The cultivated diamond market is experiencing rapid growth, with significant contributions from top retail brands and a shift in consumer preferences towards more affordable options [41]. - The company has established a leading position in the market for special diamond products, including IC chip ultra-precision processing diamonds, with significant recognition from major clients [74]. - The company plans to enhance its competitive advantage by introducing new large cavity six-sided presses and strengthening the R&D of synthesis technology [71]. - The company aims to enhance its technological capabilities and product quality through innovation and management improvements, targeting sustainable growth [116]. Risk Management - The company has identified potential risks in its operations and outlined corresponding mitigation strategies in its future outlook [4]. - The company faces market competition risks due to the rapid growth of the superhard materials industry, which may impact performance if macroeconomic conditions change [122]. - The company acknowledges the risk of investment projects not achieving expected benefits due to market changes or unforeseen circumstances [125]. - The company is exposed to financial risks due to ongoing construction projects and uncertainties in the domestic financing environment [127]. - The company has established a risk management mechanism to monitor and optimize the foreign currency asset-liability structure to mitigate exchange rate fluctuations [132]. Corporate Governance - The company is committed to maintaining transparency and has ensured that all board members attended the meeting to review the annual report [4]. - The company emphasizes its commitment to corporate governance and compliance with regulatory requirements [4]. - The company’s governance structure has improved, ensuring independence from the controlling shareholder and actual controller [138]. - The company has established an independent financial department with a complete financial accounting system, making independent financial decisions [148]. - The company respects and protects the legitimate rights and interests of stakeholders, actively cooperating and communicating with customers, employees, shareholders, and society [140]. - The company has a clear policy for evaluating the performance of its directors and senior management annually [169]. Production and Operations - The company has established a comprehensive R&D system focused on core technologies such as synthetic diamond production and micro-powder preparation, driven by market demand and industry trends [49]. - The production model combines sales forecasting, order-driven production, and moderate inventory, ensuring alignment with market demand and customer orders [51]. - The company has established advanced production equipment and technology, which are crucial for maintaining product quality and production efficiency in diamond synthesis [69]. - The company expanded its production capacity in 2021, supporting steady revenue growth amid rising market demand for industrial diamonds [41]. - The production efficiency of the φ 800 forging equipment is reported to be 400-500 carats, significantly higher than other models [70]. Employee and Management - The company has a total of 426 employees, with 309 in production, 18 in sales, 49 in technology, 12 in finance, and 38 in administration [187]. - The educational background of employees shows that 25 hold a bachelor's degree or higher, 58 have an associate degree, and 343 have education below an associate degree [187]. - The management team has been stable, with most members serving in their roles for several years, ensuring continuity in leadership [168]. - The company has a structured remuneration plan that requires approval from the board and shareholders [169]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 2.3963 million [170]. Investor Relations - The company has a dedicated investor relations team to facilitate communication with shareholders and stakeholders [20]. - The company’s website provides additional resources and information for investors and interested parties [19]. - The company is actively engaging with investors to discuss production capacity adjustments and future development plans [133].
力量钻石(301071) - 2021 Q4 - 年度财报