J.S. Machine(000821)2022-04-29 16:00Financial Performance - The company reported a significant increase in revenue, with total sales reaching 1.2 billion RMB, representing a 15% growth compared to the previous year[22]. - The net profit for the year was 150 million RMB, which is a 20% increase year-on-year[22]. - The company's operating revenue for 2021 was approximately ¥4.09 billion, representing a 33.52% increase compared to the previous year[33]. - The net profit attributable to shareholders for 2021 was approximately ¥145.83 million, a significant increase of 171.04% year-over-year[33]. - The net cash flow from operating activities for 2021 was approximately ¥642.19 million, up 153.55% from the previous year[33]. - The total operating revenue for 2021 reached RMB 4,085,657,012.95, representing a year-on-year increase of 33.52% compared to RMB 3,059,873,922.08 in 2020[112]. - The company achieved a revenue of 408,565.70 million CNY in 2021, representing a year-on-year growth of 33.52%[98]. - The net profit attributable to shareholders reached 14,583.25 million CNY, a significant increase of 171.04% compared to the previous year[98]. - The company reported a decrease in financial expenses by 11.29% to ¥47,372,182.75[128]. - The investment income increased by 175.41% to ¥2,728.35 million, contributing 20.16% to the total profit[153]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[22]. - Future guidance indicates a revenue target of 1.5 billion RMB for the next fiscal year, reflecting a 25% growth expectation[22]. - The company is expanding its product line to include photovoltaic cell equipment, in addition to its core photovoltaic module equipment[53]. - The company is transitioning towards smart manufacturing, emphasizing integrated solutions from a single supplier as a key industry trend[62]. - The company plans to continue expanding its market presence and product offerings in response to changing market demands and technological advancements[118]. - The company is enhancing its international presence and marketing network to achieve global operational integration[197]. Research and Development - The company has allocated 100 million RMB for research and development in automation technology, aiming to enhance production efficiency by 15%[22]. - The company invested CNY 194.27 million in R&D during the reporting period, representing a 26.82% increase year-on-year[88]. - The company has established four R&D bases in Central, East, and South China, as well as Europe[88]. - The company is focusing on the development of new technologies such as HJT, TOPCon, and perovskite stacked batteries to strengthen its market position[65]. - The company has developed a proprietary TOPCon dual-purpose plasma coating equipment for solar cell production[79]. - The company is currently developing a 3D visual positioning guidance system, with a positioning accuracy of 2mm and a detection range of 2500mm[148]. Product Development and Innovation - New product development includes the launch of an advanced packaging machine, expected to generate an additional 200 million RMB in revenue in the first year[22]. - The company completed the development of the JETS300-280 intelligent corrugated cardboard production line, achieving a design speed of 300m/min[129]. - The new automated EVA film leveling machine enhances the flatness of EVA layers, leading to improved product yield[141]. - The new packaging line for large photovoltaic modules aims to reduce labor and material costs while ensuring stability during packaging[138]. - The company has developed the first domestic 400m/min high-speed, 3300mm wide corrugated board production line, achieving international advanced levels[66]. Customer and Market Insights - User data showed an increase in customer base, with over 10,000 new clients acquired during the year, marking a 25% growth in client acquisition[22]. - The company serves over 400 clients across more than 60 countries and regions in the corrugated packaging industry[93]. - The cumulative business volume of express service companies in China reached 108.3 billion pieces in 2021, representing a year-on-year growth of 29.9%[61]. - The company has received recognition from major clients in the photovoltaic sector, including Longi and Jinko, for its quality service and products[91]. Financial Management and Investments - There are no plans for cash dividends or stock bonuses for the year, focusing instead on reinvestment into the business[6]. - The company raised a total of RMB 539,999,997.24 through a private placement, with a net amount of RMB 531,077,355.76 after deducting issuance costs[111]. - The company confirmed that there were no significant changes in the accounting policies and principles for derivative financial instruments compared to the previous reporting period[181]. - The company has established a risk management committee to monitor derivative investments and ensure compliance with risk management protocols[178]. - The company has implemented strict measures to prevent operational risks associated with derivative trading[178]. Operational Efficiency and Challenges - The company has identified potential risks including market volatility and supply chain disruptions, which may impact future performance[5]. - The company experienced a decline in sales volume for the 3C automation production line, with a decrease of 40.37% compared to the previous year[119]. - The inventory for photovoltaic automation production lines increased by 60.19% due to higher production and installation cycles[119]. - The company achieved a production pass rate of over 99% for its automation equipment, indicating high operational efficiency[148]. Industry Trends and Outlook - The global photovoltaic market saw a significant increase, with China adding 54.88 GW of new installations in 2021, a year-on-year growth of 13.9%[51]. - The corrugated packaging industry is expected to grow due to favorable policies promoting sustainable packaging solutions[57]. - The market for corrugated paperboard is projected to grow from 86.9 billion square meters in 2020 to 94.9 billion square meters by 2024, with an annual growth rate of 3.0%[61]. - The company is positioned to benefit from the anticipated global average annual new photovoltaic installations of 232-286 GW from 2022 to 2025[52].