Financial Performance - In 2021, the company's sales revenue reached RMB 1,345,000,000, representing a 26% increase year-on-year[11] - The gross profit was approximately RMB 528,000,000, an increase of about 10%, while the overall gross margin decreased by about 5 percentage points to approximately 40% due to rising costs[11] - The net profit attributable to the parent company was RMB 91,000,000, a significant increase of approximately 178% compared to the previous year[11] - The total cash inflow for the year was RMB 42,000,000, with total monetary funds at the end of the period amounting to RMB 415,000,000[20] - The company's total distributable profit (loss) at the end of the period was approximately RMB (132) million[191] - The board does not recommend the payment of a final dividend for the year[192] Customer and Market Growth - The number of customers exceeded 99,000, with user numbers growing approximately 17% to around 4.4 million[12] - The company reported a significant increase in the number of diagnostic reports, with 1.8 billion new reports added, totaling 8.2 billion cumulative reports, a 28% increase year-on-year[12] - The company aims to continuously expand its global business to achieve steady growth in sales revenue and profits[26] Product Development and Innovation - The company launched new products including the high-end PAD VII automotive diagnostic equipment and a super remote diagnostic platform, all of which have been successfully mass-produced[13] - The company is committed to establishing a self-learning system to continuously enhance innovation capabilities, laying a solid foundation for long-term development[28] - The company emphasizes the importance of protecting intellectual property through contractual agreements and confidentiality agreements with employees[179] Corporate Governance - The board of directors consists of eight members, including three executive directors and three independent non-executive directors as of December 31, 2021[48] - The company is committed to maintaining high standards of corporate governance and continuously reviews and improves its governance practices[45] - The board of directors is responsible for reviewing the performance of various business units against budget and business objectives[53] - The company has established three committees under the board: the audit committee, remuneration committee, and nomination committee, each with specific responsibilities[56] - The company is in discussions with relevant insurance companies to arrange appropriate insurance for its directors against potential legal actions[53] Environmental and Social Responsibility - The company has established an environmental policy and actively encourages employees to adopt environmentally friendly practices, aiming for measurable environmental goals[139] - The company reported no significant non-compliance incidents with environmental laws during the reporting period, indicating adherence to regulations[139] - The group has implemented policies to maintain a healthy and safe working environment, with regular checks and management reviews[160] - The group strictly prohibits child labor and forced labor, ensuring a respectful work environment[166] - The company is committed to increasing social investment to create a more favorable environment for its community and business[186] Employee Management - The company reported a total workforce of 931 employees in 2021, a decrease from 968 in 2020, reflecting a reduction of approximately 3.8%[148] - The employee turnover rate for the year was approximately 4%, with a reduction of about 50 domestic employees, primarily in R&D, while overseas employees increased by about 20[154] - The group provided a total of 22,222 training hours in 2021, with an average of 23.87 hours per employee, an increase from 21.75 hours in 2020[163] Risk Management and Compliance - The company maintains strict consumer data protection and privacy policies, limiting access to confidential customer information[181] - There were no reported corruption lawsuits or violations of anti-money laundering laws against the company or its employees during the reporting period[184] - The company has established multiple policies to address anti-corruption and anti-money laundering activities, providing guidance to employees[182] Operational Efficiency - The company aims to enhance operational efficiency to reduce resource usage and has implemented energy-saving measures, including installing curtains to reduce air conditioning needs[143] - The company utilized approximately 2,500,000 kWh of electricity in 2021, with water consumption around 40,000 tons, showing a commitment to monitoring resource usage[144] - Packaging material usage was approximately 400 tons in 2021, which is a 35% reduction compared to the previous year, demonstrating efforts to minimize environmental impact[144]
元征科技(02488) - 2021 - 年度财报