DUPT(SZ:301158)2022-04-14 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥445.15 million, representing a 5.50% increase compared to ¥421.95 million in 2020[16]. - The net profit attributable to shareholders for 2021 was approximately ¥62.41 million, a 3.62% increase from ¥60.22 million in 2020[16]. - The net cash flow from operating activities increased by 38.01% to approximately ¥38.20 million in 2021, up from ¥27.68 million in 2020[16]. - The total assets at the end of 2021 were approximately ¥973.08 million, reflecting a 9.97% increase from ¥884.84 million at the end of 2020[16]. - The net assets attributable to shareholders increased by 8.06% to approximately ¥654.80 million at the end of 2021, compared to ¥605.96 million at the end of 2020[16]. - The basic earnings per share for 2021 were ¥0.55, up 3.77% from ¥0.53 in 2020[16]. - The weighted average return on equity for 2021 was 9.95%, a decrease of 0.43% from 10.38% in 2020[16]. - The company reported a net profit of ¥62,405,374.22 for the year 2021, with a distributable profit of ¥172,752,981.35 after statutory surplus reserves[173]. Dividend Distribution - The company plans to distribute a cash dividend of ¥1.20 per 10 shares to all shareholders, based on a total of 150,370,510 shares[4]. - A cash dividend of ¥1.20 per 10 shares (including tax) will be distributed, totaling ¥18,044,461.20, which represents 100% of the profit distribution[170]. Market Position and Competitive Advantage - The company is ranked second in the domestic market for screw drill tools, indicating a strong competitive position[31]. - The company has established stable partnerships with major domestic energy companies, including China National Petroleum Corporation and China Petroleum & Chemical Corporation[35]. - The company has a strong focus on technological innovation to adapt to various harsh operating environments, enhancing its competitive edge in the market[35]. - The company has established a strong competitive advantage in the domestic drill tool market, holding the second-largest market share, with a diverse range of products suitable for various drilling conditions[42]. Research and Development - The company has accumulated significant research and development capabilities, holding 51 utility model patents and 15 invention patents, and has been recognized as a "High-tech Enterprise"[43]. - The company has established a comprehensive R&D system with a focus on drilling tools and equipment, holding 15 invention patents and 51 utility model patents[59]. - The company achieved a research and development investment of ¥13,670,407.87 in 2021, representing 3.07% of its operating revenue[81]. - The company is enhancing its R&D efforts to meet the diverse and evolving demands for screw drilling tools in the domestic and international markets[109]. Operational Efficiency - The company’s production model is based on "sales-driven production," ensuring efficient operations and timely adjustments based on market demand[39]. - The company has implemented a procurement strategy that prioritizes cost-effectiveness and quality stability, maintaining strong relationships with several key suppliers[38]. - The company has a well-defined organizational structure with clear roles and responsibilities across various departments[177]. - The company has established a detailed contract management system to ensure the accuracy and completeness of contract data[192]. Financial Management and Internal Controls - The company has a structured financial management system with clear responsibilities, ensuring the authenticity and completeness of financial reports[190]. - The company has established a comprehensive internal control system in compliance with relevant laws and regulations, ensuring effective execution and no significant omissions[175]. - The internal control evaluation included all subsidiaries, ensuring a holistic approach to risk management and compliance[197]. - The company reported zero significant or important deficiencies in financial and non-financial reporting, reflecting strong internal controls[199]. Market Outlook and Strategic Plans - The company expects global energy demand to continue growing in the long term, driven by economic globalization and rising living standards in emerging economies[97]. - The average Brent crude oil price is projected to remain in the range of $80-90 per barrel in 2022, which is expected to stimulate exploration and development investments[97]. - The company aims to enhance its market position by increasing R&D and sales investments, focusing on high-temperature screw drill tools and accelerating tool applications[102]. - The company plans to expand its product rental services and provide engineering technical services for horizontal and directional wells, enhancing customer loyalty and market competitiveness[103]. Governance and Management - The company held two shareholder meetings in 2021, adhering to the established governance procedures[117]. - The board of directors convened five meetings in 2021, following the regulations set forth in the company's articles of association[118]. - The company has established an independent financial accounting system and does not share bank accounts with controlling shareholders, ensuring financial autonomy[129]. - The company has a complete internal governance structure, with independent decision-making and operational capabilities[130]. Employee Management and Development - The total number of employees at the end of the reporting period was 663, with 375 in production, 43 in sales, and 75 in technical roles[165][166]. - The company has established a performance-based compensation system to attract and retain key talent, aligning employee remuneration with company performance[167]. - The company has implemented a comprehensive training program for employees, focusing on safety, skills, and regulatory training[168]. - The company prioritizes employee training and development to enhance workforce quality and innovation capabilities[179].