OIMEC(002819)2022-03-28 16:00Financial Performance - The company reported a total revenue of 318,168,998 CNY for the year 2021, with a cash dividend of 1.50 CNY per 10 shares distributed to all shareholders[6]. - The company's operating revenue for 2021 was ¥1,848,389,467.26, representing a 63.58% increase compared to ¥1,129,966,213.42 in 2020[29]. - The net profit attributable to shareholders for 2021 was ¥171,858,699.94, a significant increase of 212.22% from ¥55,044,402.33 in 2020[29]. - The net cash flow from operating activities reached ¥244,473,998.14 in 2021, up 169.33% from ¥90,769,525.10 in 2020[29]. - Total assets at the end of 2021 amounted to ¥5,273,831,637.82, a 394.48% increase from ¥1,066,541,854.58 at the end of 2020[32]. - The company's net assets attributable to shareholders increased to ¥3,852,869,981.60, reflecting a 601.65% growth from ¥549,115,674.83 in 2020[32]. - The basic earnings per share for 2021 was ¥1.0116, representing a 187.96% increase compared to ¥0.3513 in 2020[29]. - The company reported a net profit of ¥123,929,091.33 in Q4 2021, significantly higher than previous quarters, indicating strong performance in the last quarter[35]. - The weighted average return on equity for 2021 was 18.50%, an increase from 10.03% in 2020, showcasing improved profitability[29]. Corporate Governance and Structure - The company emphasizes the importance of accurate financial reporting, with key executives affirming the authenticity and completeness of the annual report[5]. - The company is committed to transparency, with all board members present for the report's review, ensuring accountability[6]. - The company has maintained its main business operations without any changes since its listing, indicating stability in its core activities[27]. - The company has not experienced any changes in its controlling shareholders since its establishment, reflecting consistent ownership[27]. - The company has not made any changes to its organizational code since its inception, indicating stability in its corporate structure[27]. - The company has a dedicated investor relations team, ensuring effective communication with shareholders and stakeholders[23]. - The company has established branches in over 30 major cities across China, enhancing its ability to respond quickly to customer needs[89]. - The company has a strong management resource advantage, having built a solid management foundation and a replicable management methodology since its establishment[146]. Market and Industry Trends - The demand for electronic testing and measurement instruments is critical across various industries, including semiconductor and telecommunications, with a focus on 5G technology[45]. - R&D investment intensity in China has been increasing, with a growth rate consistently higher than the economic growth rate[46]. - By the end of 2019, the global electronic testing market was approximately ¥84.8 billion, with China's market size at around ¥19 billion, accounting for 22% of the global market[51]. - The CAGR for China's electronic testing market is expected to exceed the global growth rate, with projections indicating that by 2025, China's market will represent 26% of the global market[51]. - In 2020, global spending on information security reached 143.5 billion[59]. - China's information security product and service revenue reached ¥149.8 billion in 2020, reflecting a year-on-year growth of 14.53%[63]. - The iris recognition market in China has seen rapid growth, with the market size surpassing ¥26 billion in 2020, accounting for 17% of the global market[69]. - The Chinese government aims for the cybersecurity industry to exceed ¥250 billion by 2023, with a compound annual growth rate of over 15%[68]. Business Strategy and Expansion - The company completed the acquisition of 78.33% of Wanlihong's equity, expanding its main business into testing technology and digital security[44]. - The company has expanded its service model through investments and acquisitions, enhancing its factoring and bidding business, which contributes to its comprehensive service model[86]. - The company focuses on high-tech industries such as 5G, new energy vehicles, and advanced intelligent manufacturing, providing comprehensive solutions for complex testing applications[86]. - The company operates a multi-brand and multi-product business model, representing nearly 20 officially partnered instrument brands and over 200 brands in total, offering more than 3,000 types of instruments[87]. - The company has established a comprehensive one-stop service model, providing a range of professional services including instrument sales, leasing, and system integration, which helps clients reduce costs and improve efficiency[148]. - The company aims to enhance its market presence and service capabilities through strategic expansions and collaborations in the bidding agency and digital security sectors[101]. Research and Development - The company's R&D investment amounted to ¥46,817,128.67 in 2021, representing a 65.20% increase from ¥28,340,174.60 in 2020[186]. - The number of R&D personnel increased to 339 in 2021, a significant rise of 308.43% compared to 83 in 2020[183]. - The R&D personnel structure has changed significantly, with a notable increase in the number of employees under 30 years old, rising by 1,200.00%[186]. - The company is actively pursuing new technology developments in the automotive sector, particularly in V2X testing and intelligent chassis testing, to maintain a technological edge[182]. Customer Base and Sales Model - The company serves a diverse customer base, including government agencies, educational institutions, and military enterprises, with tailored security solutions[111]. - The sales model primarily relies on direct sales, supplemented by intermediaries such as distributors and service providers, to broaden customer coverage[90]. - The company has a wide customer base, serving approximately 4,000 clients annually across various industries, which lays a solid foundation for stable business growth[149]. - The top five customers accounted for 12.64% of total annual sales, with total sales amounting to ¥233,680,499.01[175]. - The top five suppliers contributed 40.39% of total annual purchases, with total procurement amounting to ¥574,553,673.14[175]. Financial Management - The company reported a total operating cost of ¥1,365,414,814.15, which is 95.99% of total operating costs, showing a year-on-year increase of 58.45%[170]. - The company has reported a net increase in cash and cash equivalents of ¥1,356,734,287.67 in 2021, a dramatic rise of 3,712.93% from -¥37,552,179.17 in 2020[191]. - The net cash flow from financing activities improved significantly to ¥519,140,757.94 in 2021, compared to a negative flow of -¥53,386,488.16 in 2020, marking an increase of 1,072.42%[191]. - The company's cash and cash equivalents increased to ¥1,548,083,333.35, making up 29.35% of total assets, up from 16.22% at the beginning of the year[195]. - The company anticipates that payment collection may vary due to the approval processes of its main clients, which include government and military organizations[142].