SQM(688138)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was RMB 543,912,423.04, representing an increase of 11.64% compared to RMB 487,192,557.45 in 2020[20]. - The net profit attributable to shareholders of the listed company decreased by 41.64% to RMB 44,525,813.82 from RMB 76,290,284.24 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 32,665,126.64, down 51.00% from RMB 66,668,779.52 in 2020[20]. - The net cash flow from operating activities was RMB 194,179,867.59, an increase of 3.86% compared to RMB 186,964,489.27 in 2020[20]. - The total assets at the end of 2021 were RMB 1,523,487,024.84, reflecting a growth of 6.91% from RMB 1,425,066,322.85 at the end of 2020[20]. - The net assets attributable to shareholders of the listed company increased by 1.74% to RMB 1,198,751,500.49 from RMB 1,178,237,686.67 in 2020[20]. - Basic earnings per share decreased by 41.38% to CNY 0.17 in 2021 compared to CNY 0.29 in 2020[21]. - The weighted average return on equity decreased to 3.75% in 2021 from 6.63% in 2020, a drop of 2.88 percentage points[21]. - The company achieved a total revenue of 7,160 million RMB, with a net profit of 3,684 million RMB, representing a year-on-year increase of 6.32%[94]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.6 per 10 shares, totaling RMB 16,008,000.00, which represents 35.95% of the net profit attributable to shareholders[5]. - The company emphasizes a stable and continuous profit distribution policy, prioritizing cash dividends while considering the long-term interests of shareholders[189]. - The company has established a cash dividend policy that aligns with the requirements of the Company Law and relevant stock exchange regulations[192]. Research and Development - The company's R&D investment as a percentage of operating income increased by 1.80 percentage points to 6.77% in 2021[22]. - The company’s R&D investment amounted to 36.84 million yuan, a year-on-year increase of 52.24%, representing 6.77% of operating revenue[40]. - The company applied for 5 invention patents, 20 utility model patents, and 4 software copyrights during the reporting period[87]. - A total of 16 R&D achievements were made, enhancing the technical capabilities of 6th generation high-precision AMOLED/LTPS and 8.6 generation high-precision mask plates[86]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[162]. Market Expansion and Strategy - The company plans to expand its market presence and enhance its product offerings in the semiconductor industry[20]. - The company is actively pursuing strategic partnerships and potential acquisitions to strengthen its competitive position[20]. - The company aims to capitalize on the domestic substitution opportunities in the semiconductor chip industry, focusing on expanding its key customer base[33]. - The company is exploring upstream supply chain integration to reduce material costs and improve product quality, which is expected to support overall cost reduction in 2022[150]. - The company aims to become a leading player in the mask plate industry within 2-3 years, focusing on increasing production capacity and market share[147]. Corporate Governance - The company has not reported any special arrangements for corporate governance[7]. - The board of directors has established specialized committees to ensure professional and efficient decision-making processes[154]. - The company has revised its governance documents to clarify the responsibilities and procedures of its governance bodies, ensuring compliance with relevant laws and regulations[155]. - The company is focused on enhancing corporate governance and has implemented a self-inspection report and rectification plan[174]. - The company has undergone changes in its board members, with several independent directors and supervisors leaving due to term expiration and new members being elected[172]. Environmental Management - The company maintained compliance with environmental regulations, achieving all waste gas and wastewater discharge standards throughout 2021[198]. - The company actively participated in environmental protection initiatives and maintained a good corporate image in environmental governance[198]. - The company reported no administrative penalties due to environmental issues during the reporting period[199]. - The company ensured that all waste generated was handled by qualified waste disposal companies[200]. Financial Management - The company has a comprehensive salary system that includes fixed wages, performance bonuses, and various subsidies, with adjustments based on industry standards and company performance[187]. - The total remuneration for core technical personnel at the end of the reporting period was RMB 2.2043 million[171]. - The company's cash flow situation is applicable, indicating a focus on financial management[128]. - The net cash flow from investing activities is -¥304,997,143.24, compared to -¥256,393,138.81 in the previous year, indicating a worsening in investment cash flow[129]. - The company has not engaged in any significant external investments during the reporting period, focusing solely on investments in wholly-owned subsidiaries[139].