海力风电(301155) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for the year reached ¥5,458,269,681.72, an increase of 38.93% compared to ¥3,928,683,633.72 from the previous year[29]. - Net profit attributable to shareholders was ¥1,112,682,334.92, reflecting an 80.80% increase from ¥615,434,511.89 in the previous year[29]. - The net cash flow from operating activities surged to ¥702,873,956.88, a remarkable increase of 1,103.69% compared to ¥58,393,044.79 last year[29]. - Basic earnings per share rose to ¥6.64, up 76.13% from ¥3.77 in the previous year[29]. - Total assets increased to ¥6,793,513,687.35, marking a 74.92% growth from ¥3,883,760,807.29 at the end of the previous year[29]. - The company's net assets attributable to shareholders reached ¥5,333,105,037.12, a significant increase of 386.16% from ¥1,096,984,574.13 at the end of the previous year[29]. - The wind power equipment segment contributed CNY 5.366 billion, accounting for 98.31% of total revenue, with a year-on-year growth of 38.51%[103]. - The gross profit margin for the wind power equipment segment improved to 28.21%, reflecting a 4.61% increase from the previous year[103]. - The East China region accounted for 96.24% of total revenue, with a 40.93% increase year-on-year[106]. Market Position and Industry Outlook - The offshore wind power market is expected to grow significantly, with China's offshore wind power installed capacity reaching 16.90 GW in 2021, accounting for 87% of global new installations[45]. - The company is positioned to benefit from the increasing investment in renewable energy, particularly in offshore wind power, which is seen as the future direction of the power generation industry[44]. - The offshore wind power industry in China is expected to reach a total installed capacity of 3,009 GW, with an anticipated addition of over 50 GW during the "14th Five-Year Plan" period[48]. - The global offshore wind power market is projected to add 235 GW of new installed capacity over the next decade, approximately seven times the current market size, with a compound annual growth rate of about 31.5% from 2021 to 2025[54]. - The wind power industry is supported by strong national policies, with significant growth potential projected in both domestic and international markets[78]. - The Chinese government aims for a total installed capacity of wind and solar power to exceed 1.2 billion kilowatts by 2030, driving demand for wind power components[81]. Research and Development - The company has completed several R&D projects aimed at enhancing product specifications and expanding market space, including offshore wind turbine projects[120]. - The company completed the R&D of a 600-ton cylindrical monopile foundation for a 5.0MW offshore wind turbine, ensuring the surface treatment process meets quality standards[121]. - The company has developed a 750-ton cylindrical monopile foundation for a 4.0MW offshore wind turbine, focusing on automatic welding techniques to ensure product qualification rates[124]. - The company achieved a 20-year paint lifespan for its monopile foundations through targeted research on surface treatment technology, while maintaining cost control[124]. - The company is committed to enhancing the reliability and stability of its products through ongoing R&D efforts[124]. - Research and development investment amounted to ¥252,013,223.23 in 2021, representing 4.62% of operating revenue, an increase from 4.50% in 2020[144]. - The capitalized R&D expenditure in 2021 was ¥234,359,596.21, accounting for 92.99% of total R&D investment, indicating a significant focus on capitalizing R&D costs[144]. Supply Chain and Production - The company adopts a self-purchasing model for raw materials, including steel plates and flanges, aligning procurement with sales contracts[64]. - The procurement process is governed by management systems such as the "Procurement Management System" and "Supplier Management System," ensuring quality and stability in supplier relationships[65]. - The production model is based on "sales-driven production," primarily serving large wind turbine manufacturers and operators with customized products[66]. - The company has a stable supply of raw materials and maintains good relationships with major suppliers, ensuring timely and quality product supply[68]. - The company has established multiple production bases in coastal areas, enhancing its operational efficiency and reducing transportation costs[92]. Investor Relations and Corporate Governance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its development strategy and operational plans[7]. - The company’s financial report has been confirmed by the responsible persons, ensuring its authenticity and completeness[5]. - The company has provided contact information for its board secretary and securities affairs representative for investor inquiries[24]. - The company aims to enhance investor relations through multiple communication channels, ensuring transparency and protecting investor rights[102]. Challenges and Risks - The company has not yet expanded into overseas markets, which limits growth potential compared to competitors in the industry[74]. - The company’s asset scale is relatively small compared to leading suppliers, affecting its risk resistance and market share in onshore wind energy[75]. - The company’s main business revenue is concentrated in the East China region, indicating a need for improved market expansion capabilities[76]. - The offshore wind power industry is expected to experience a slowdown in growth due to subsidy policy adjustments, but will still see significant development during the "14th Five-Year Plan" period[55].