Financial Performance - The company's revenue for the fiscal year ending March 31, 2021, was approximately RMB 560.33 million, an increase of 14.9% compared to RMB 487.76 million in 2020[30]. - The system integration business revenue surged to approximately RMB 101.00 million, a significant increase of 627.1% from RMB 13.89 million in 2020, accounting for 18.0% of total revenue[30]. - Revenue from intelligent terminal product sales, which contributed 71.7% of total revenue, grew by 0.2% to approximately RMB 402.00 million[30]. - The company's gross profit for the year was approximately RMB 116.02 million, up 2.4% from RMB 113.30 million in 2020[30]. - The loss attributable to the company's owners narrowed by 20.5% to approximately RMB 42.10 million, compared to RMB 52.96 million in 2020[30]. - Total revenue for the year increased by 14.9% to approximately RMB 563.3 million from RMB 487.6 million in 2020, primarily due to the significant contribution from the system integration business[58]. - The software development business revenue decreased by 28.1% to approximately RMB 45.49 million from RMB 63.30 million in 2020, representing 8.2% of total revenue[54]. - The system maintenance services revenue grew by approximately 26.7% to RMB 11.83 million from RMB 9.34 million in 2020, making up 2.1% of total revenue[57]. - Gross profit rose by 24% to approximately RMB 116.02 million from RMB 113.30 million in 2020, with a gross margin decrease of 2.5 percentage points to 20.7%[59]. - Other income increased by 7.1% to approximately RMB 4.83 million from RMB 4.51 million in 2020, mainly due to higher interest income[60]. - Net other losses decreased by 39.5% to approximately RMB 33.99 million from RMB 56.21 million in 2020, attributed to foreign exchange gains and reduced impairment losses[61]. Business Strategy and Development - The company aims to continue expanding its business network across China while focusing on innovation and technology development[2]. - Future plans include increasing R&D investment and expanding the application of IoT technology across various industries[22]. - The company is committed to enhancing its service capabilities and providing innovative solutions to its customers[20]. - The company aims to capture more market share in the concentrated procurement of China Mobile operators in 2021 and beyond, leveraging the rapid development of 5G in China[31]. - The company has been actively exploring 5G applications across multiple sectors, including smart communities, healthcare, and education, with ongoing projects in collaboration with various partners[32]. - The company plans to continue enhancing its technology and product offerings to support the expansion of 5G infrastructure and applications in the coming years[33]. - The group is currently exploring investment and acquisition opportunities in the IoT market and 5G-related industries, expecting to use internal resources for business expansion[93]. - The company aims to increase R&D investment in 5G products, enhancing its product line and positioning for significant roles in upcoming centralized procurement by telecom operators[155]. - The company plans to expand its overseas retail business and build a collaborative, global marketing network in response to the recovery of the global economy post-COVID-19[162]. Partnerships and Collaborations - The company has established partnerships with well-known research institutions for joint R&D in advanced technologies such as AI and big data[21]. - The company has established strategic partnerships with various industries, including a collaboration with Alba Cultural Sports Development Co., which operates over 6,600 esports venues nationwide[32]. - The company has signed a cooperation agreement with Yunnan Changshui Education Holdings Group for a "5G + AI Smart Education" project, establishing a laboratory in Kunming[160]. - A strategic cooperation agreement was signed with Zhonglian Ruihong (Chengdu) Asset Management to jointly promote 5G infrastructure construction projects, including the establishment of a joint venture company for 5G base station construction[146]. - The company has entered into a procurement contract with China Mobile Integration for 5G indoor coverage system equipment, with a total contract value of RMB 32,544,000[152]. - The company received a procurement winning notice for a 5G private network project from Changzhou Telecom, with a contract amount of RMB 2,385,000[153]. Research and Development - The company has a strong technical team with over 100 intellectual property rights, including patents and software copyrights[21]. - R&D expenses surged by 261.1% to approximately RMB 13.94 million from RMB 3.86 million in 2020, reflecting increased investment in new technology and product development[69]. - The company has successfully developed a new generation of low-cost indoor coverage products for 5G, which passed technical testing by China Mobile on August 6, 2020[155]. - Aiber has launched self-developed 5G small base stations and indoor distribution products, obtaining multiple intellectual property rights, and has begun supplying these products to telecom operators across various industries[160]. Financial Position and Assets - As of March 31, 2021, the group's net current assets were approximately RMB 371.8 million, compared to RMB 284.0 million on March 31, 2020[74]. - The group's bank balances and cash amounted to approximately RMB 232.16 million as of March 31, 2021, up from RMB 69.18 million in the previous year[74]. - The group's total borrowings amounted to approximately RMB 35.14 million as of March 31, 2021, compared to RMB 21.05 million in the previous year[75]. - The group's capital expenditure decreased by 50.3% to approximately RMB 4.9 million, down from RMB 9.85 million in the previous year[78]. - The group's debt-to-equity ratio was approximately 39.5% as of March 31, 2021, compared to 51.6% in the previous year[77]. Environmental, Social, and Governance (ESG) - The company is committed to sustainable development and aims to become an internationally influential enterprise while fulfilling its social responsibilities[175]. - The board of directors is responsible for the overall ESG management system and ensures the effectiveness of ESG policies[180]. - The ESG working group, composed of the corporate development, finance, and human resources departments, is tasked with daily operations related to ESG matters[179]. - The group emphasizes environmental awareness among employees and aims for a balance between development and environmental sustainability[179]. - The company has established a clear internal control system to manage risks related to ESG, with independent consultants assessing the effectiveness of these controls[181]. - Regular tracking and compliance with applicable laws and regulations are conducted by the legal and corporate development departments[185]. - Stakeholder engagement is prioritized through various channels, including meetings, surveys, and direct communication, to align with their expectations[186]. - A materiality assessment was conducted to identify significant ESG issues affecting the company and its stakeholders[193]. - The company is committed to sustainable development and community investment as part of its corporate social responsibility strategy[191]. - The company aims to foster a culture of inclusivity and safety in the workplace while promoting equal employment opportunities[179]. - The company identified 18 key ESG issues that are important for monitoring, management, and disclosure[199]. - The company emphasizes greenhouse gas management and waste management as part of its environmental strategy[199]. - The company has established a supplier evaluation mechanism to enhance supply chain management[199]. - The company focuses on employee training management to ensure health and safety standards[199]. - The company is committed to preventing bribery, extortion, fraud, and money laundering as part of its anti-corruption efforts[199]. - The company prioritizes quality control and intellectual property protection under product responsibility[199]. - The company engages in community investment initiatives, including educational support and poverty alleviation[199]. - The company has implemented energy and water efficiency measures to optimize resource usage[199]. - The company promotes equal opportunities in employment practices, including recruitment and compensation[199]. - The company has developed an environmental management system to address environmental and natural resource concerns[199].
艾伯科技(02708) - 2021 - 年度财报