Financial Performance - 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 [25]. - 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 [25]. - The net cash flow from operating activities reached ¥288,076,548.61, up 187.47% from ¥100,212,230.08 in the previous year [25]. - The basic earnings per share for 2021 was ¥4.88, reflecting a 203.11% increase compared to ¥1.610 in 2020 [25]. - The total assets of the company at the end of 2021 amounted to ¥1,423,536,775.26, a 79.06% increase from ¥794,995,445.97 in 2020 [25]. - The net assets attributable to shareholders increased to ¥958,318,369.71, up 115.24% from ¥445,235,764.70 in 2020 [25]. - The company reported a quarterly revenue of ¥157,409,857.58 in Q4 2021, with a net profit of ¥78,487,757.95 for the same period [26]. - The company received government subsidies amounting to ¥12,115,369.09 in 2021, compared to ¥6,849,904.04 in 2020 [29]. - The company achieved a revenue of 498.35 million CNY in the reporting period, representing a 103.50% increase year-over-year [43]. - The net profit attributable to shareholders reached 239.56 million CNY, a significant growth of 228.17% compared to the previous year [43]. Research and Development - The company is committed to research and development in synthetic diamond technology to maintain competitive advantage [18]. - The company has a total of 46 authorized patents, including 8 invention patents, showcasing its strong R&D capabilities [48]. - The company has established a comprehensive R&D system focused on core technologies such as synthetic diamond materials and diamond micro-powder preparation, driven by market demand and industry trends [54]. - The company has focused on R&D investments, ensuring a robust technological reserve to meet market demands [45]. - The company plans to increase R&D investment to enhance innovation capabilities, including establishing a research center and improving product testing capabilities [132]. Market Position and Strategy - The company is positioned in a rapidly growing sector, benefiting from favorable policies and market conditions in the synthetic diamond industry [37]. - The diamond industry in China has seen significant growth, with the country producing 90% of the world's diamond single crystals, supported by strong national policies [37]. - The cultivated diamond market is experiencing rapid growth, driven by increased recognition from major certification bodies and retail brands [49]. - The company is focusing on the development of large cavity six-sided top pressure machines to enhance production efficiency and reduce costs, aiming to improve diamond synthesis quality [76]. - The company is expanding its overseas market presence, with a growing proportion of sales revenue from foreign currency transactions [145]. Production and Operations - The company expanded its production capacity significantly in 2021, supporting steady revenue growth amid rising market demand [48]. - The production process includes a dual-stage configuration for synthetic equipment, allowing flexibility in producing both diamond single crystals and cultivated diamonds based on market needs [57]. - The company employs a direct sales model, ensuring accurate and rapid communication of customer needs, which facilitates timely product delivery [63]. - The procurement strategy involves small-batch purchases from qualified suppliers, ensuring a stable supply of raw materials like diamond single crystals and graphite powder [58]. - The company has established two specialized laboratories for diamond synthesis and functional diamond products, supporting its focus on technological innovation [68]. Financial Management and Governance - The company emphasizes the importance of accurate financial reporting and has ensured compliance with relevant regulations [4]. - The company's financial statements have been audited and verified for accuracy by a registered accounting firm [11]. - The company maintains a complete business system and operates independently from its controlling shareholder, ensuring no interference in decision-making [158]. - The company has established an independent financial department with a complete financial accounting system, allowing for independent financial decision-making [159]. - The company adheres to information disclosure obligations, ensuring transparency and fairness in communication with investors [154]. Risk Management - The company has outlined potential risks in its future operations and corresponding mitigation strategies in the management discussion section [4]. - There is a risk of project investment not meeting expected benefits due to market changes or unforeseen factors, which could adversely affect operations [138]. - The company faces financial risks due to ongoing construction projects and an uncertain domestic financing environment [140]. - The overall product prices have risen due to high demand, but there is a risk of price decline as competition increases [141]. Employee and Talent Development - The total number of employees at the end of the reporting period is 426, with 345 in the parent company and 81 in major subsidiaries [195]. - The company has developed a comprehensive training management system, focusing on leadership training and skills enhancement for employees [200]. - A performance evaluation system has been established to motivate employees and align business goals, ensuring shared benefits from the company's growth [196]. - Talent development will be prioritized, with a focus on attracting and nurturing industry talent to strengthen team capabilities [135]. Shareholder Engagement - The company held 3 shareholder meetings during the reporting period, with all resolutions passed legally and effectively [151]. - The board of directors convened 7 meetings, ensuring compliance with relevant laws and regulations [152]. - The company approved the proposal to renew the audit institution for the 2021 fiscal year [164]. - The company has not implemented any measures that could harm the legal rights of investors during the reporting period [165].
力量钻石(301071) - 2021 Q4 - 年度财报