Actblue (SZ:300816)2024-04-23 09:45Financial Performance - The company achieved operating revenue of CNY 866.15 million in 2021, representing a year-on-year increase of 27.92%[9] - The net profit attributable to shareholders was CNY 69.67 million, a decrease of 44.44% compared to the previous year[9] - The company reported a basic earnings per share of CNY 0.87, down 45.63% from CNY 1.60 in 2020[13] - The net profit attributable to shareholders decreased from $31.08 million in Q1 to $6.46 million in Q3, before recovering to $13.45 million in Q4, indicating volatility in profitability[15] - The company reported a net profit excluding non-recurring gains and losses of -¥3.01 million in Q4, indicating challenges in maintaining consistent profitability[15] Asset and Shareholder Information - The company's total assets increased by 53.53% year-on-year, reaching CNY 1.76 billion at the end of 2021[13] - The total number of ordinary shareholders was reported at 8,638, with the top 10 shareholders holding a combined 66.4% of shares[17] - The largest shareholder, Liu Yi, holds 40.40% of the shares, amounting to 32,468,572 shares, with 2 million shares pledged[17] - The company has no preferred shareholders, indicating a straightforward equity structure[18] Cash Flow and Investments - The net cash flow from operating activities improved significantly, reaching CNY 1.77 million, compared to a negative cash flow of CNY 13.90 million in 2020[13] - The net cash flow from operating activities showed significant fluctuations, with a negative cash flow of $57.25 million in Q3, but rebounding to $47.12 million in Q4[15] - The company invested ¥25 million to establish a venture capital fund, aiming to cultivate new profit growth points by leveraging external investment expertise[22] Market Position and Product Development - The market share of the company's main products in the light-duty diesel truck segment was 12.91%, an increase of 1.40% from the previous year[11] - The company has developed products that meet the National VI emission standards for both diesel and gasoline engines, with batch supply already achieved[4] - R&D expenses increased due to ongoing investments in projects related to National VI and non-road emissions treatment[10] - The company has expanded its product offerings to include gasoline engine exhaust treatment systems, contributing to a shift in product sales composition[10] - The company is actively pursuing collaborations with leading clients in the non-road sector, with some projects already obtaining certification[4] Quarterly Performance - In Q1 2021, the company's operating revenue was approximately $187.74 million, increasing to $265.87 million in Q4 2021, representing a growth of 41.7% quarter-over-quarter[15] - There were no significant discrepancies between the reported financial indicators and previously disclosed quarterly reports[15] Acquisitions - The company completed the acquisition of 100% equity of Vitesco Technologies Faulquemont SAS for up to €18 million, enhancing its core competitiveness in the exhaust after-treatment industry[21]