2021 Annual Board of Directors Work Report
Ningbo Shenglaida Electric Co., Ltd. (hereinafter referred to as "the Company") has a Board of Directors consisting of 7 members. The Board strictly adheres to the Company Law, Securities Law, Shenzhen Stock Exchange Listing Rules, and other relevant regulations, as well as the Company’s Articles of Association and rules for shareholder and board meetings. The Board diligently fulfills its responsibilities assigned by the shareholders' meeting, implements resolutions, and continuously improves the corporate governance structure to ensure scientific decision-making and standardized operations. The following is a report on the Board's work in 2021:
1. Key Operational Indicators for 2021
In 2021, the Company's main business was the production and sales of power distribution and transmission equipment. Electricity is vital for modern industry, and its development is essential for economic growth and improving people's lives. The power distribution and transmission equipment serves the electricity sector and is widely applicable across various fields of the national economy, with greater demand in economically developed regions. With accelerated investments in new energy, high-tech industries, advanced equipment manufacturing, and infrastructure, the demand for industrial power distribution automation and residential power distribution intelligence is increasing. The industry is expected to see broader market opportunities. Stable and high-quality customer resources are crucial for the Company's ongoing business development. The Company primarily produces customized electrical equipment, following a "sales-driven production" model; in 2021, it achieved revenue of 111.5847 million yuan.
2. Board Meeting Activities During the Reporting Period
During the reporting period, the Board held 11 meetings, reviewing and approving several significant matters, fulfilling its decision-making and management responsibilities, with supervisory board members and senior management attending the meetings. The specific details are as follows: