Financial Performance - In 2021, the company achieved a revenue of 1.481 billion CNY, a year-on-year increase of 32.30% [2] - The net profit attributable to shareholders was 164 million CNY, a decrease of 2.39% compared to the previous year [2] - The non-recurring net profit was 137 million CNY, an increase of 7.23% year-on-year [2] - In Q1 2022, the company reported a revenue of 262 million CNY, a year-on-year growth of 16.88% [3] - The net profit attributable to shareholders in Q1 2022 was 5.2003 million CNY, a significant decline of 78.84% [3] Cost and Profitability Issues - The decline in net profit despite revenue growth is attributed to rising raw material costs and reduced government subsidies [2][3] - The gross profit margin for aluminum formwork rental business has been declining, with rates of 53.80%, 53.37%, and 46.57% from 2018 to 2020, and dropping to 34.80% in 2021 [3] - The increase in aluminum prices has led to a 45.95% rise in depreciation costs for aluminum formwork, while rental revenue only grew by 26.67% [5] Business Operations and Strategy - The company is focusing on optimizing its business structure and enhancing profitability through scale effects [3] - The rental and sales revenue ratio for aluminum formwork is approximately 87:13 [5] - The company plans to expand production capacity by establishing new subsidiaries and production bases in various locations [5][6] Market and Competitive Landscape - The company maintains long-term partnerships with major construction firms such as China State Construction and China Railway [6] - The stock price is influenced by various factors including international situations, macroeconomic conditions, and market sentiment [3][4] Future Outlook - The company aims to improve operational management, reduce costs, and enhance service quality to increase market share [6] - There is a commitment to invest in public infrastructure projects, with ongoing developments in the public construction sector [4]
志特新材(300986) - 2021年度网上业绩说明会投资者活动记录表