LEEJUN(002651)2022-04-26 16:00Financial Performance - The company's total revenue for 2021 was CNY 958.94 million, an increase of 17.10% compared to the previous year[81]. - The net profit attributable to shareholders for 2021 was CNY 199.90 million, reflecting a growth of 4.29% year-on-year[81]. - The cash and cash equivalents increased by CNY 127.72 million, a significant growth of 170.08% compared to the previous year[88]. - The revenue from the aerospace components manufacturing business reached CNY 378.53 million, marking an impressive growth of 88.58% year-on-year[84]. - The revenue from the mining high-pressure roller mill and its supporting products increased by 113.34%, amounting to CNY 199.60 million[84]. - The total operating costs for 2021 were CNY 555.26 million, which is a 19.20% increase from the previous year[85]. - The company's asset-liability ratio as of December 31, 2021, was 23.09%, indicating a stable asset structure[86]. - The company reported a net profit of ¥30,487,015.03 in 2021, representing a 10.56% increase compared to ¥27,574,047.02 in 2020[142]. - The operating revenue for 2021 was ¥128,103,343.45, up 25.05% from ¥102,441,175.24 in 2020, primarily due to increased sales of roller press machines and their components[142]. Business Operations and Expansion - The company expanded its business scope in 2015 by acquiring 100% of Chengdu Dekun Aviation Equipment Manufacturing Co., increasing its focus on aerospace component manufacturing[25]. - The company has diversified its operations to include engineering surveying design, mechanical equipment procurement, installation, and engineering management services[25]. - The company operates in various sectors, including research, manufacturing, and sales of electromechanical products, as well as project investment and technical consulting services[25]. - The company has invested in new subsidiaries to enhance its aerospace component manufacturing capabilities, promoting the integration of information technology and intelligent production lines[50]. - The subsidiary, Dekun Aviation, has expanded its production capacity and capabilities, becoming a comprehensive service provider for aerospace components, including precision machining and assembly for military and civilian aircraft[52]. Technological Innovation and R&D - The company has consistently focused on technological innovation, which has driven rapid development and maintained its industry-leading position[45]. - The company has developed a total of 128 authorized effective national patents, including 53 invention patents, and has seen a significant increase in patent authorizations during the reporting period[66]. - The company has increased its R&D personnel and investment to support product upgrades and technological advancements[108]. - The company is focusing on several R&D projects aimed at optimizing products and upgrading technology, which are expected to enhance market competitiveness[107]. - The company’s roller press grinding system equipment is recognized as one of the most efficient and energy-saving crushing devices, aligning with national energy-saving and emission-reduction policies[148]. Risk Management - The company has established a comprehensive risk management framework to address potential operational risks[6]. - The company has faced risks related to raw material price fluctuations, which could adversely affect its operating performance[161]. - The ongoing COVID-19 pandemic may impact the company's production and operational activities, affecting overall profitability[161]. Corporate Governance - The company has established a comprehensive internal control system covering management, operations, finance, information disclosure, and internal auditing, ensuring healthy development and compliance with regulations[1]. - The board of directors consists of nine members, including three independent directors, meeting legal requirements for governance structure[1]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and financial management, ensuring a self-sufficient business system[1][2]. - The company emphasizes transparency in information disclosure, adhering to principles that ensure timely and accurate communication with all investors[1]. - The company has established performance evaluation standards and incentive mechanisms for its directors, supervisors, and senior management, ensuring transparency in appointments[1]. Market Position and Strategy - The company is focused on differentiated competition and brand service to maintain its market leadership and expand its market share[79]. - The aerospace manufacturing industry is recognized as a strategic high ground in modern manufacturing, with the company positioned to benefit from national policies supporting this sector[48]. - The company is positioned to benefit from national policies promoting the efficient use of mineral resources and the shift towards large-scale mining operations[149]. - The ongoing infrastructure investments in China are expected to positively impact the demand for cement, building materials, and mining metallurgy industries, thereby driving the need for roller presses[150]. Quality Management - The company has implemented a comprehensive quality management system, ensuring no major quality incidents occurred during the reporting period[77]. - The technical center is actively advancing the research and development of grinding equipment, ensuring product performance meets customer requirements[76].