CDL(300686)2023-12-25 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,166,021,668.21, a decrease of 6.72% compared to ¥2,322,012,271.99 in 2020[21] - The net profit attributable to shareholders for 2021 was ¥57,239,709.04, down 45.50% from ¥105,026,899.69 in the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥14,251,670.54, a decline of 85.45% from ¥97,928,652.75 in 2020[21] - The net cash flow from operating activities was ¥142,806,612.26, a decrease of 43.74% compared to ¥253,810,783.13 in 2020[21] - Basic earnings per share for 2021 were ¥0.2155, down 57.94% from ¥0.5124 in the previous year[21] - The total assets at the end of 2021 were ¥2,841,515,023.78, a decrease of 17.59% from ¥3,447,865,619.31 at the end of 2020[21] - The net assets attributable to shareholders at the end of 2021 were ¥1,729,264,320.36, down 9.56% from ¥1,912,156,396.27 in 2020[21] - The weighted average return on equity for 2021 was 2.97%, a decrease of 10.08% from 13.05% in the previous year[21] Revenue Breakdown - Revenue from the communication industry accounted for 97.38% of total revenue, totaling ¥2,109,327,254.15, which represents a decline of 1.49% year-on-year[42] - Domestic revenue accounted for 60.58% of total revenue, amounting to ¥1,312,079,501.86, with a slight increase of 0.25% year-on-year[42] - The company achieved a sales volume of 610.6 million square meters for functional electronic devices, marking a 53.72% increase compared to 397.22 million square meters in 2020[46] - The gross profit margin for functional electronic devices was 27.10%, with a slight increase of 0.67% compared to the previous year[44] - The company reported a 34.41% increase in revenue from optical components, totaling ¥245,432,946.84, compared to ¥182,595,304.53 in 2020[42] Cash Flow and Investments - The net cash flow from operating activities for 2021 was ¥142,806,612.26, a decrease of 43.74% compared to 2020, primarily due to increased cash payments for goods and services[58] - The net cash flow from investing activities was -¥588,654,176.75 in 2021, a decline of 167.08% year-over-year, mainly attributed to the purchase of structured deposits[58] - The net cash flow from financing activities was -¥480,749,153.21, down 143.76% from 2020, largely due to the previous year's fundraising and payments for acquiring 49% equity in Artis[58] - The total cash and cash equivalents decreased by ¥930,045,280.91 in 2021, representing a decline of 182.61% compared to 2020[58] Research and Development - Research and development expenses for 2021 were ¥115,304,874.74, accounting for 5.32% of the operating revenue, showing a slight increase from 4.95% in 2020[57] - The company completed several key R&D projects, including online detection equipment and new fingerprint module technologies, aimed at improving production efficiency and product quality[54][56] - The number of R&D personnel decreased by 29.10% to 212, with a notable reduction in younger staff under 30 years old[57] Shareholder and Governance - The company plans to distribute a cash dividend of ¥0.38 per 10 shares to all shareholders, based on a total of 264,824,240 shares[6] - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 4.472 million[116] - The remuneration decision process involves review by the Compensation and Assessment Committee, followed by approval from the Board and the Shareholders' Meeting[115] - The company is committed to enhancing decision-making processes by considering the interests of minority shareholders[123] Market and Competitive Position - The company is focused on the consumer electronics industry, which is experiencing rapid growth driven by advancements in 5G, AI, and IoT technologies[30] - The company has identified smart wearable devices as a key growth area, driven by increasing demand in health monitoring and digital payment sectors[31] - The company aims to enhance its market position in the consumer electronics sector and intelligent terminal devices, targeting to become a global leader in functional and structural components[92] Risks and Challenges - The company faces risks related to the underperformance of fundraising projects due to macroeconomic fluctuations and industry cycles[95] - The company recognizes the risk of technological obsolescence and is focused on enhancing its R&D capabilities to keep pace with market demands[95] - The company's net profit decreased by 45.50% compared to the same period last year, primarily due to revenue decline in Vietnam and increased competition leading to lower product sales prices and higher costs[36] Employee and Social Responsibility - The total number of employees at the end of the reporting period was 3,848, with 2,935 in production roles[128] - The company emphasizes employee rights protection, providing a safe work environment and regular health check-ups[150] - The company donated 100,000 yuan to a local school for educational equipment, demonstrating commitment to social responsibility[151]