Company code: Hainan Jinpan Smart Technology Co.Ltd(688676) company abbreviation: Hainan Jinpan Smart Technology Co.Ltd(688676) Hainan Jinpan Smart Technology Co.Ltd(688676)
Annual report for 2021
Important tips
1、 The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2、 The company is not profitable and has not achieved profitability when it is listed □ yes √ no III. Major Risks suggest that the company has described in detail the various risks it may face in the business process in this report. Please refer to “IV. risk factors” in Section III “management discussion and analysis” of this report. 4、 All directors of the company attended the board meeting. 5、 Zhonghui Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 6、 Li Hui, the person in charge of the company, Wan Jinmei, the person in charge of accounting, and Zhu Li, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in the annual report. 7、 The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
Audited by Zhonghui Certified Public Accountants (special general partnership), Hainan Hainan Jinpan Smart Technology Co.Ltd(688676) consolidated in 2021 achieved a net profit of 23461739301 yuan attributable to common shareholders of the company. As of December 31, 2021, the distributable profit of the parent company at the end of the period was 37236977421 yuan.
The profit distribution plan is that the listed company plans to distribute a cash dividend of 2 yuan (including tax) for every 10 shares to all shareholders. As of December 31, 2021, the total share capital of the company is 425700000 shares. Based on this calculation, the total cash dividend to be distributed is 8514000000 yuan (including tax). The amount of cash dividends of the company in this year accounted for 36.29% of the net profit attributable to shareholders of Listed Companies in the consolidated statements of that year. In 2021, the company did not convert capital reserve into share capital and did not give bonus shares.
The proposal was deliberated and adopted at the 21st Meeting of the second board of directors, and the independent directors have expressed their independent opinions on the proposal. This plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. 8、 Whether there are important matters such as special arrangements for corporate governance □ applicable √ not applicable IX. risk statement of forward-looking statements √ applicable □ not applicable
The company’s future plans, development strategies and other forward-looking statements involved in this report do not constitute the company’s substantive commitment to investors. Investors are reminded to pay attention to investment risks. 10、 Whether there is any non operational occupation of funds by the controlling shareholders and their related parties no Xi. Whether there is any external guarantee in violation of the specified decision-making procedures no XII. Whether more than half of the directors cannot guarantee the authenticity, accuracy and completeness of the annual report disclosed by the company no XIII. Others □ applicable √ not applicable
catalogue
Section 1 interpretation Section 2 company profile and main financial indicators 8 section III Management Discussion and Analysis Section IV corporate governance 97 Section V environment, social responsibility and other corporate governance 126 section VI important matters Section VII changes in shares and shareholders 176 Section VIII preferred shares Section IX corporate bonds 186 section x financial report one hundred and eighty-six
Financial statements containing the signatures and seals of the person in charge of the company, the person in charge of accounting and the person in charge of accounting.
Directory of documents for future reference
The original of the audit report with the seal of the accounting firm and the signature and seal of the certified public accountant.
Originals of all company documents and announcements publicly disclosed during the reporting period.
Section I interpretation
1、 In this report, unless the context otherwise requires, the following words have the following meanings:
Interpretation of common words
The issuer, the company and the company refer to Hainan Jinpan Smart Technology Co.Ltd(688676) Hainan Jinpan Smart Technology Co.Ltd(688676)
Jinpan transformer factory refers to Hainan Jinpan special transformer factory
Jinbang international refers to Jinpan International Limited / Jinbang International Co., Ltd
Fnof means Li Capital Ltd (formerly known as fnof E & M Investment Limited)
Yuanyu investment refers to Hainan Yuanyu Intelligent Technology Investment Co., Ltd
Forebright smart means forebright smart connection technology limited
Jingtian investment refers to Jingtian (Pingtan) equity investment partnership (limited partnership)
Wangpeng investment refers to wangpeng (Pingtan) equity investment partnership (limited partnership), which was renamed wangpeng (Hainan) investment partnership (limited partnership) in April 2022
Jundao investment refers to jundao (Pingtan) equity investment partnership (limited partnership), which was renamed junhang (Hainan) investment partnership (limited partnership) in March 2022
Chunrong investment refers to Chunrong (Pingtan) equity investment partnership (limited partnership), which was renamed Chunrong (Hainan) investment partnership (limited partnership) in March 2022
Forever corporate means forever corporate management (Overseas) Limited / Hengfeng enterprise management (Overseas) Co., Ltd
Pujiang investment refers to Pujiang Jujin feng’an investment management partnership (limited partnership)
Green energy investment refers to Zhuhai Guangyuan green energy investment center (limited partnership)
Tinglin investment refers to Tinglin (Kunshan) intelligent manufacturing industry investment partnership (limited partnership)
Guilin juntaifu refers to Guilin juntaifu Electric Co., Ltd
Jinpan Shanghai refers to Jinpan Electric Group (Shanghai) Co., Ltd
Jinpan China refers to Jinpan electric (China) Co., Ltd
Wuhan Jinpan Intelligent Technology Co., Ltd
Intelligent Technology Research Institute refers to Wuhan Jinpan Intelligent Technology Research Institute Co., Ltd
Jinpan Hong Kong refers to JST power equipment (Hong Kong) Limited / Jinpan power equipment (Hong Kong) Co., Ltd
Shanghai Dingge refers to Shanghai Dingge Information Technology Co., Ltd
Electrical Research Institute refers to Hainan Jinpan Electrical Research Institute Co., Ltd
Hainan Jinpan electric refers to Hainan Jinpan Electric Co., Ltd
Wuhan Jinpan refers to Wuhan Jinpan Electric Co., Ltd. (formerly known as Wuhan Jinpan Xinyuan Industrial Co., Ltd.)
Hainan digital chemical plant refers to Hainan Hainan Jinpan Smart Technology Co.Ltd(688676) digital Chemical Plant Co., Ltd
JST USA means JST power equipment, Inc. (former name: Jinpan)
International(U.S.A), Ltd.）
Real estate means JST real estate, LLC
Shanghai Shangfei refers to Shanghai Shangfei aircraft equipment manufacturing Co., Ltd
Wuhan branch refers to Hainan Jinpan Smart Technology Co.Ltd(688676) wuhan branch
Hainan Tongxiang refers to Hainan Tongxiang Digital Technology Co., Ltd
Shanghai jingzhuo refers to Shanghai jingzhuo Information Technology Co., Ltd
Jinpan new energy refers to Hainan Jinpan intelligent technology new energy Co., Ltd
Jinpan energy storage refers to Hainan Hainan Jinpan Smart Technology Co.Ltd(688676) Energy Storage Technology Co., Ltd
Wenchang new energy refers to Wenchang Jinpan New Energy Technology Co., Ltd
Kunshan new energy refers to Kunshan Hefeng New Energy Technology Co., Ltd
Jinpan Yangzhou refers to Jinpan (Yangzhou) new energy equipment manufacturing Co., Ltd
Shanghai new energy refers to Jinpan Electric Group (Shanghai) new energy equipment Co., Ltd
Shanghai power transmission and distribution refers to Jinpan Electric Group (Shanghai) power transmission and distribution automation equipment Co., Ltd
Haikou digital chemical plant of dry-type transformer is the first dry-type transformer digital chemical plant in China that complies with the standard vdi4499 of the German Institute of engineers and is certified by the German certification agency TUV Nord by relying on its own scientific and technological innovation teams such as intelligent technology research institute and Shanghai Haikou digital chemical plant
China Electricity Council refers to the China Electricity Council
The articles of association refers to the Hainan Jinpan Smart Technology Co.Ltd(688676) articles of association
Company Law refers to the company law of the people’s Republic of China
Securities Law refers to the securities law of the people’s Republic of China
The new revenue standard refers to the accounting standards for Business Enterprises No. 14 – Revenue (revised in 2017) (CK [2017] No. 22) issued by the Ministry of Finance on July 5, 2017
The reporting period refers to the period from January 1, 2021 to December 31, 2021
The end of the reporting period refers to December 31, 2021
Yuan, ten thousand yuan and one hundred million yuan refer to RMB, ten thousand yuan and one hundred million yuan
Transformer is a device that uses the principle of electromagnetic induction to change the AC voltage. It can convert one kind of transformer voltage into another voltage with the same frequency. It is one of the important equipment in the power generation, transmission, transformation and distribution system.
It belongs to a structural type of insulation and cooling of transformer, that is, the iron core of transformer and wound dry-type transformer refer to the transformer that is not immersed in insulating oil, and its cooling mode is natural air cooling and forced air cooling.
The transformer and high and low voltage switchgear are arranged and combined in the box referred to in the closed box substation according to a certain wiring scheme to form an independent substation accessible to the public, which replaces the traditional civil substation. At the same time, it integrates the functions of high and low voltage switches, control and protection, metering, compensation and so on. According to the structure, it can be divided into European substation American substation and Chinese substation.
Oil immersed transformer refers to a structural type of insulation and cooling of transformer, that is, the iron core and winding of transformer are immersed in an oil tank filled with insulating oil.
Also known as combined transformer, it is a complete set of equipment composed of transformer and high-voltage part with oil tank insulation and low American substation finger pressure part with box combination. It has the characteristics of small volume, small floor area, easy placement, easy camouflage and easy coordination with the environment of the community. It is suitable for buildings with relatively low power supply requirements.
A European style substation composed of three independent sections of high and low voltage cabinets and transformers with one box refers to a complete set of equipment, which is suitable for multi-storey residential buildings, small high-rise buildings and high-rise buildings
