SGP(SH:603586)2022-11-19 05:10Financial Performance - In 2021, the company's revenue was 1.393 billion yuan, an increase of 8.26% year-on-year, while the net profit was -0.51 billion yuan, a decrease of 131.09% year-on-year due to multiple factors including the COVID-19 pandemic and rising raw material costs [2] - In Q1 2022, the company achieved a revenue of 411 million yuan, a year-on-year increase of 34.67% [2] Market Position and Competition - The company is a leading player in the brake components industry, with a significant market share in both OEM and AM markets, benefiting from the steady growth of global and domestic vehicle ownership [1] - The company has successfully passed certification for high-speed train brake pads, marking a significant breakthrough in its product diversification strategy [3] Operational Challenges - The company faced operational challenges due to the pandemic, including supply chain disruptions and increased management costs, but overall operations remained normal [2][4] - Shipping constraints and rising freight costs have impacted the company's logistics, although the primary trade method is FOB, minimizing the financial burden on the company [2] Investment and Future Plans - The company has not engaged in futures trading in 2022, focusing on its core business operations instead [2][4] - The company plans to enhance its R&D capabilities and product offerings, with over 260 effective patents and a commitment to developing new brake pad models to meet market demands [4] Dividend Policy - The company has distributed approximately 384 million yuan in dividends over the past four years but will not issue dividends for 2021 due to the financial losses incurred [3]