Work report of the board of directors in 2021
In 2021, the board of directors of Ife Elevators Co.Ltd(002774) (hereinafter referred to as the “company”) earnestly performed the duties of the board of directors in accordance with the company law, the securities law, the Listing Rules of Shenzhen Stock Exchange, the articles of association, the rules of procedure of the board of directors and other relevant laws and regulations, normative documents and the provisions of the company system. With the goal of protecting the rights and interests of all shareholders, the directors of the company scrupulously perform their duties, actively and effectively exercise their powers, earnestly implement the resolutions of the general meeting of shareholders, and diligently carry out the work of the board of directors. The report on the work of the board of directors in 2021 is as follows:
1、 Overview of the overall situation
(I) overall operation of the company
In 2021, the global epidemic continued to evolve, and the global economic environment was affected by the “epidemic”. At the same time, the national implementation of real estate regulation policies led to a slowdown in the growth of the real estate market, which led to a slowdown in the development of the elevator industry to a certain extent. However, with the acceleration of national urbanization, the transformation of old residential areas, the increase of urban population and the strengthening of urban infrastructure construction such as rail transit and airport, the total output and transportation volume of China’s elevator industry still increase. In 2021, the company timely adjusted its sales strategy according to the changes of the external economic environment, vigorously expanded the Chinese market, and reduced the impact of the epidemic on the overseas market through full coverage of local real estate development projects and Industrial Park segments, and achieved certain results, realizing a large increase in sales contracts compared with the same period.
In 2021, the company’s sales revenue in China and abroad increased to a certain extent compared with the same period. In 2021, the company realized an operating revenue of 1984244700 yuan, an increase of 111.24% over the same period of last year; The total profit was 3673948 million yuan, an increase of 859.20% over the same period of last year; The net profit attributable to the owners of the parent company was 2807574 million yuan, an increase of 798.78% over the same period last year. As of December 31, 2021, the total assets of the company were 2382657300 yuan, an increase of 35.47% over the end of the previous year. At the end of the reporting period, the company’s asset liability ratio was 42.91%.
The main business conditions of the company during the reporting period are as follows:
(1) Strengthen brand building
The strategic partner of “national brand”, together with “Chinese brand”, entered the two sessions and boarded the stage of China Central Television, further improving the brand influence; With high-quality reputation, it stands out among excellent brands and won the honorary title of “ingenuity brand”.
(2) Increase market expansion in China
During the reporting period, the company won the honor of “top 10 elevator manufacturers in China in 2021”. At the same time, the company has won the honors of “top 10 elevator suppliers purchased by the national government” and “contract abiding and trustworthy enterprise in Guangdong Province” for many consecutive years. In the Chinese market, according to the strategic plan, the company strengthened the management of project coverage, participation rate and sales activities, strengthened the business expansion in key markets such as South China, and fully covered local real estate development projects and industrial park projects, and achieved certain results. Relying on the strict control of quality, the company won the bid for the partial reconstruction project of the compound of China Construction Third Engineering Bureau and the two major projects of West Lake Plaza; The company was selected into the “qualified supplier list” of Vanke, and was rated as “Vanke B-class supplier” with high-quality products and perfect after-sales maintenance service. Together with Vanke, the company dabbled in the new TOD mode and established a diversified business territory; The company continues to improve building supporting solutions, give full play to its comprehensive supporting advantages in tourism elevator and other subdivided fields, win the bid for the “hotel apartment elevator project in Wanda Town, Danzhai”, continue to provide high-quality elevator solutions for major scenic spots and industrial parks, and contribute professional strength to the development of villages and even cities across the country.
(3) Actively respond to the difficulties of overseas market expansion
Due to the overseas epidemic and complex international situation, the demand of overseas market has decreased in a short time, affecting the business expansion of the company in overseas market. The company is not afraid of difficulties and takes various measures in a timely manner to actively respond, so as to bring reliable products and services to the world. During the reporting period, the company won the bid of “Bangladesh BRT road upgrading project” by virtue of its rich experience in overseas large-scale traffic elevator projects, helping Bangladesh reconstruct urban traffic patterns and realize sustainable development of urban traffic; Relying on the successful experience in various major hotel projects and holding hands with first-line hotel brands, the company successfully signed the project of barthelton Garden Hotel in Western Australia, which has a far-reaching impact on the company’s development in the Australian market; The successful holding of Dubai World Expo, as the elevator project supplier of Iran Pavilion and Denmark Pavilion of Dubai World Expo, makes ” Ife Elevators Co.Ltd(002774) ” have more international exposure; Find business opportunities through Cloud City Online Economic and trade cooperation and participate in international economic and trade cooperation. With the gradual recovery of overseas markets, the company will uphold the corporate vision of “being a globally trusted elevator brand”, bring more high-quality products to global users, and make “made in China” go to the world.
(4) Strive to improve the market competitiveness of products
Adhering to the development path of independent research and development and independent brand, the company has strengthened the research and development of new products and continuously optimized and improved core technologies. During the reporting period, the company established the training standard of professional and technical personnel, realized the mechanism of self hematopoiesis and introduction, and formed an effective mechanism for the long-term development of the company; Continue to carry out technological innovation, reduce costs and increase efficiency through product R & D, process technology improvement and product structure optimization, which better supports the business development of the company; The discussion on product digital construction has improved the comprehensive efficiency of product process, realized the automatic generation of most elevator BOM and hoistway drawings, continuously improved the quality and efficiency of BOM release, and the punctuality rate has reached the best level in history; In terms of new products, metis-hs super high-speed elevator, grace-700 heavy-duty escalator and joymore-7a / B machine room free elevator were launched to enable the construction of smart city.
Benefiting from deep cultivation in the field of independent R & D and innovation, the company added new achievements. During the reporting period, the company invested 386424 million yuan in R & D and gained 9 patented technologies such as “contactless passenger elevator automatic call device”, “elevator energy feedback energy-saving monitoring device” and “elevator Internet of things fault alarm device”; “Safety monitoring emergency stop system and control method” and “bypass device and method for elevator landing door and car door” won the “China Patent Excellence Award”. At present, the company has 1 Guangdong patent Excellence Award, 2 China Patent Excellence Awards, 30 invention patents, 101 utility model patents and 11 design patents.
(5) Consolidate the cornerstone of sustainable development
During the reporting period, the company actively promoted the implementation of the “Eagle series” plan for gradient training of talent team, established a learning integral mechanism for employees, improved their learning enthusiasm, reduced classroom training, and gradually increased discussion and expanded experience training and education; Create a channel for the promotion of excellent talents, promote the measures of both selection and introduction, improve the construction of cadre team echelon, strengthen the introduction and appointment of young cadres, continuously improve the vitality of Cadre Organization, and consolidate the talent foundation for the sustainable and high-quality development of the company; Vigorously promote the construction of corporate culture and spiritual culture, publicize the company’s value and enhance the company’s centripetal force by establishing the company’s news, excellent deeds, excellent team, personal collection and editing and contribution system, emphasize value recognition, and pursue win-win and common growth between employees and enterprises.
(6) Fulfill social responsibility
At present, China has entered the stage of normalized prevention and control of covid-19 pneumonia epidemic. It is happy to actively assume the responsibility of private enterprises, continue to give back to the society through charitable donations and donated materials, and make modest contributions to the epidemic prevention and control Ife Elevators Co.Ltd(002774) won the “Red Cross contribution Medal of China” and certificate awarded by the Federation of the Red Cross Society of China.
(II) successful completion of the general election of the board of directors
During the reporting period, the general election of the new board of directors was successfully completed, and the members of the Fourth Board of directors were elected as follows: Ms. Luo Aiwen, chairman, Mr. Luo aiming, director Xin Quanzhong, independent director Zhou Zhiwang and independent director Yao Wei.
Due to the expiration of his term of office, Mr. Xie Xikeng no longer holds the position of independent director of the company. Mr. Xie Xikeng was diligent and responsible during his tenure, and played a positive role in the standardized operation and healthy development of the company. The company expresses its heartfelt thanks for his contributions to the company and the board of directors during his tenure!
2、 The board of directors shall exercise its decision-making functions with due diligence and strictly implement the resolutions of the meeting
In 2021, the board of directors earnestly performed the duties entrusted by the general meeting of shareholders, safeguarded the interests of investors, and played its due role in operation.
(I) convene the board of directors in time, make concerted efforts and make prudent decisions
In this year, all directors performed their duties faithfully and diligently. In 2021, the board of directors held nine meetings in total. The meetings were held in a centralized manner with advance notice. The meetings were held in accordance with the company law, the articles of association and other relevant provisions. The directors attending the meeting carefully studied the contents of the meeting before the meeting, actively expressed their opinions and treated all resolutions strictly. The meetings of the board of directors in 2021 are as follows:
1. On February 8, 2021, the company held the 26th meeting of the third board of directors, deliberated and adopted the proposal on selling assets and related party transactions and the proposal on convening the first extraordinary general meeting of shareholders in 2021.
2. On April 6, 2021, the company held the 27th meeting of the third board of directors, which considered a total of 19 proposals. When considering the proposal on the remuneration of the company’s directors and senior managers in 2020, all directors avoided voting and could not form a resolution. This proposal was directly submitted to the company’s 2020 annual general meeting for deliberation, and the rest included the 2020 annual report and its summary Eighteen proposals, including the proposal on the profit distribution plan in 2020, the evaluation report on internal control in 2020, the special report on the storage and use of raised funds in 2020, and the proposal on convening the 2020 annual general meeting of shareholders, were considered and adopted.
3. On April 26, 2021, the company held the 28th meeting of the third board of directors, deliberated and adopted the full text and text of the first quarter report of 2021.
4. On May 19, 2021, the company held the 29th meeting of the third board of directors, deliberated and adopted the proposal on electing candidates for non independent directors of the Fourth Board of directors, the proposal on electing candidates for independent directors of the Fourth Board of directors, the proposal on remuneration of independent directors of the Fourth Board of directors, the proposal on using self owned funds for venture capital investment Proposal on formulating the venture capital management system, proposal on increasing the forecast of daily connected transactions in 2021, proposal on convening the second extraordinary general meeting of shareholders in 2021.
5. On June 7, 2021, the company held the first meeting of the Fourth Board of directors, deliberated and passed the proposal on the election of the chairman of the Fourth Board of directors, the proposal on the election of members of various professional committees of the Fourth Board of directors, the proposal on the appointment of the general manager and other senior managers of the company, and the proposal on the appointment of securities affairs representatives.
6. On June 18, 2021, the company held the second meeting of the Fourth Board of directors, deliberated and adopted the proposal on signing strategic cooperation agreement and related party transactions with Dongguan Private Investment Group Co., Ltd.
7. On July 16, 2021, the company held the third meeting of the Fourth Board of directors, deliberated and adopted the proposal on using idle self owned funds to purchase financial products and the proposal on convening the third extraordinary general meeting of shareholders in 2021.
8. On August 26, 2021, the company held the fourth meeting of the Fourth Board of directors, deliberated and adopted the semi annual report and summary of 2021 and the special report on the deposit and use of raised funds in the semi annual of 2021. 9. On October 27, 2021, the company held the fifth meeting of the Fourth Board of directors, deliberated and adopted the full text and text of the third quarter report of 2021, the proposal on increasing the amount of venture capital and the proposal on convening the fourth extraordinary general meeting of shareholders in 2021.
(II) strictly implement the resolutions of the general meeting of shareholders and safeguard the rights and interests of investors
The board of directors of the company took safeguarding the interests of shareholders as the code of conduct. All directors scrupulously performed their duties, diligently and prudently performed the duties entrusted by the general meeting of shareholders, and worked hard to improve the operating efficiency of the company. During the reporting period, the board of directors convened and held a total of five general meetings of shareholders in strict accordance with relevant laws and regulations and the articles of association, rules of procedure of the general meeting of shareholders, rules of procedure of the board of directors and other relevant provisions, including the first extraordinary general meeting of shareholders in 2021, the annual general meeting of shareholders in 2020, the second extraordinary general meeting of shareholders in 2021, the third extraordinary general meeting of shareholders in 2021 and the fourth extraordinary general meeting of shareholders in 2021, And made relevant meeting resolutions and minutes.
(III) performance of the board of directors and special committees
1. Performance of directors
All directors of the company are conscientious and diligent, and can take the initiative to pay attention to the company’s operation and management information, financial status, major issues, etc. they can deeply discuss various proposals submitted to the board of directors for consideration, express their opinions, and make suggestions and suggestions for the company’s operation and development. When making decisions, they fully consider the interests and demands of minority shareholders, effectively enhance the scientificity of the decision-making of the board of directors and promote the sustainable development of the company’s production and operation Stable and healthy development.
The independent directors of the company were able to fulfill their obligations in accordance with the rules of procedure of the board of directors, the working system of independent directors and relevant regulatory requirements, actively attend relevant meetings, carefully consider various proposals of the board of directors, fully express their opinions on major matters related to the company, express relevant opinions on matters requiring prior approval or independent opinions of independent directors as required, and give full play to the role of independent directors, It provides an effective guarantee for the scientific decision-making of the board of directors. For details, please refer to the work report of independent directors in 2021.
The chairman of the company can preside over the meetings of the board of directors and the general meeting of shareholders with due diligence in accordance with the regulations, take measures to ensure that the board of directors makes scientific decisions, and actively promote the further improvement of the standardized governance level of the company. Urge the company to timely provide the business dynamic information and relevant background information of various topics of the board of directors to the members of the board of directors, urge the directors to carefully review the proposal of the board of directors, express their personal opinions scientifically, objectively and fairly, encourage and support the directors with different opinions to fully express their opinions, and urge the company to effectively implement the resolutions of the board of directors and the general meeting of shareholders.
Director of the company in 2021
