SK(688155)2022-04-08 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 70,063,544.23 in 2021[5]. - The company's operating revenue for 2021 reached ¥1,101,981,198.35, representing a 119.36% increase compared to ¥502,352,353.20 in 2020[21]. - The net profit attributable to shareholders was ¥70,063,544.23, a 15.36% increase from ¥60,735,320.08 in the previous year[22]. - The total assets increased by 51.20% to ¥2,099,051,289.90 from ¥1,388,293,695.09 in 2020[22]. - The basic earnings per share decreased by 3.12% to ¥0.93 from ¥0.96 in 2020[23]. - The cash flow from operating activities net amount was ¥35,031,323.69, a decrease of 18.94% compared to ¥43,217,529.47 in 2020[22]. - The company's main business gross margin was 27.54%, a decrease of 4.51 percentage points compared to the previous year[88]. - The net cash flow from operating activities was negative at 35.03 million yuan, down 18.94% from 43.22 million yuan in the previous year[88]. - The company reported a significant increase in research and development expenses, which rose by 84.10% to CNY 98,523,152.07, driven by new technology investments[112]. Governance and Management - The company has a comprehensive governance structure with all board members present at meetings[5]. - The board of directors proposed not to distribute profits or increase capital reserves in 2021[5]. - The company held five shareholder meetings during the reporting period, all of which complied with legal and regulatory requirements, with no resolutions being rejected[137]. - The company has established a compensation and assessment committee under the board of directors to evaluate senior management based on set standards[177]. - The company emphasizes employee rights protection and has implemented an employee stock ownership plan to boost motivation and cohesion[181]. Research and Development - The company invested CNY 98,523,152.07 in R&D, an increase of 84.10% year-on-year, focusing on flexible technology in the new energy vehicle sector and enhancing its core competitiveness[33]. - The number of R&D personnel increased by 161.70% compared to 2020, reflecting the company's commitment to talent acquisition and development[34]. - The company has obtained a total of 88 authorized patents and 50 software copyrights by the end of 2021, with 24 patents and 6 software copyrights added during the year[62]. - The company emphasizes technological innovation as its core development strategy, aiming to leverage technology for market success and operational efficiency[56]. Market and Industry Trends - The intelligent manufacturing equipment industry in China is experiencing rapid growth, with a significant market opportunity expected in the next 5-10 years due to the demand for sustainable development and technological innovation[47]. - The new energy vehicle market is projected to account for 25% of total vehicle sales by 2025, creating significant demand for intelligent automation equipment[54]. - The company is focusing on expanding its market presence in the new energy sector, particularly targeting high-end vehicle manufacturers and battery producers[95]. - The company is actively seeking global partnerships to enhance its business capabilities and expand its market reach[33]. Production and Operations - The company operates several wholly-owned subsidiaries, including SK Automation Germany and SK Automation America[11]. - The company has expanded its production capacity and improved market competitiveness by successfully launching projects despite challenges posed by the pandemic[33]. - The company employs a "make-to-order" procurement model, ensuring raw materials are purchased based on customer orders, which includes both standard and customized components[41]. - The production model is based on "sales-driven production," where production is organized after winning bids and completing product design[42]. Financial Management and Risks - The company faces risks related to cash flow management due to large accounts receivable and contract assets, which may pressure working capital[88]. - The company is exposed to risks from potential talent loss in technical fields, which could impact R&D capabilities[86]. - The company benefits from tax incentives as a high-tech enterprise, which could be affected by changes in relevant laws and regulations[89]. Social Responsibility and Sustainability - The company integrates ESG principles into its development strategy, promoting sustainable development[180]. - The company has implemented measures to reduce carbon emissions, optimizing packaging and transportation processes[188]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[183]. - The company donated 60,000 yuan to the Shanghai Charity Foundation during the reporting period[193]. Employee Management and Development - The total number of employees at the parent company and major subsidiaries is 2,367, with 708 at the parent company and 1,659 at subsidiaries[159]. - The company has implemented a stock incentive plan to enhance employee motivation and align interests, with a focus on long-term incentives[160]. - The company has a structured approach to employee training and development, viewing employees as partners in its business[160]. - The average salary of R&D personnel decreased to CNY 10.72 million from CNY 15.28 million in the previous period[79].