Company Recognition and Achievements - In 2021, Guilin Stars Science and Technology Co., Ltd. was recognized as a "Specialized, Refined, Characteristic, and Innovative" small and medium-sized enterprise by the Guangxi Zhuang Autonomous Region Industrial and Information Technology Department[4] - The company was recognized as a "Military-Civilian Integration Enterprise" by the Guangxi Zhuang Autonomous Region in June 2021[4] - The company was recognized as a "Little Giant" enterprise in 2021, focusing on specialized, refined, unique, and innovative development in the servo system industry[117] - The company has received multiple awards for its technological advancements[100] Financial Performance - The company's operating revenue for 2021 was CNY 141,862,903.73, representing a year-over-year increase of 3.47% compared to CNY 137,099,752.59 in 2020[28] - The net profit attributable to shareholders for 2021 was CNY 43,364,121.52, reflecting a 12.84% increase from CNY 38,429,999.79 in 2020[28] - The total assets at the end of 2021 amounted to CNY 470,352,907.99, which is an 80.80% increase from CNY 260,149,697.54 at the end of 2020[30] - The total liabilities at the end of 2021 were CNY 102,409,081.69, a 45.36% increase from CNY 70,450,961.60 at the end of 2020[30] - The company's cash flow from operating activities in 2021 was CNY 30,131,382.22, a significant increase of 190.10% compared to CNY 10,386,428.44 in 2020[31] - The gross profit margin for 2021 was 52.69%, slightly down from 53.38% in 2020[28] - The weighted average return on equity (ROE) based on net profit attributable to shareholders was 16.02% for 2021, down from 22.46% in 2020[28] - The company reported a net profit growth rate of 9.61% for 2021, compared to a much higher growth rate of 72.31% in 2020[33] Share Capital and Stock Issuance - The company successfully issued 21 million shares at a price of 8 RMB per share and was listed on the Beijing Stock Exchange on November 15, 2021[4] - The total share capital of the company is 85,709,000 shares after the completion of the employee stock incentive plan, which raised RMB 9.31 million by issuing 744,800 shares at a price of RMB 12.5 per share[23] - The registered capital of the company is RMB 84,964,200, which has not been updated in the business registration records as of December 31, 2021[23] - The company’s stock is traded through continuous bidding on the Beijing Stock Exchange[21] Research and Development - During the reporting period, the company obtained 3 utility model patents, 4 design patents, and 3 software copyrights through independent research and development[4] - The company holds 55 patents, including 27 invention patents, indicating a strong focus on research and development in the automation and control systems sector[45] - The company has initiated research and development for a new generation of power servo systems, with prototype testing achieving preliminary results[54] - The company is collaborating with several institutions on R&D projects, including high-performance rare earth magnets and multi-joint industrial robots[103] - R&D expenditure amounted to ¥17,387,862.80, representing 12.26% of operating income, up from 10.14% in the previous year[97] Market and Product Development - The company’s military product sales are primarily applied in missile launch systems, radar tracking systems, and ship automation equipment, with significant revenue dependent on successful military unit certifications[10] - The company is focusing on expanding its market presence in the wind power sector, with expectations for growth in the wind power pitch servo system business in 2022[54] - The industrial control servo system sales revenue increased by 34.46% year-on-year, continuing the growth momentum from the second half of 2020[52] - In the military products sector, sales revenue grew by 21.91% year-on-year, with an increasing contract volume for both existing and new products[51] Risk Management and Compliance - The company has faced risks related to operational performance fluctuations due to the planned nature of procurement by users in aerospace and military sectors[10] - The company emphasizes the importance of maintaining confidentiality regarding core technologies and has implemented measures to prevent leaks, including confidentiality agreements with key personnel[10] - The company acknowledges that its development may be influenced by current international situations and domestic macro-control policies, particularly in military and renewable energy sectors[121] - The company has implemented measures to safeguard national secrets and ensure compliance with confidentiality regulations to mitigate risks associated with potential leaks[123] Corporate Governance and Management - The actual controller of the company is a group of individuals including Lü Hong, Qiu Bin, and Lü Bin, who are also the concerted actors[22] - The company has appointed Da Xin Accounting Firm as its accounting firm for auditing purposes[24] - The company has a high-quality R&D team of over 80 members, with core technical personnel having more than 20 years of practical experience[125] - The company has established a comprehensive R&D management system and military standard quality management system to mitigate new product development risks[126] - The company has continuously improved its corporate governance structure in accordance with the Company Law and Securities Law[200] Employee and Workforce Development - The total number of employees increased from 255 to 288, representing a growth of approximately 12.94%[190] - The company added 35 new employees during the reporting period, while 2 employees left[191] - The number of R&D personnel increased from 105 to 128, a rise of 21.90%[190] - The company maintains a robust compensation policy, ensuring compliance with labor laws and timely salary payments[191] Future Plans and Commitments - In 2022, the company aims to ensure steady growth in military products, particularly around "military servo control assemblies" and expand its market presence in industrial automation and renewable energy sectors[120] - The company plans to enhance its production automation and digital management, aiming to establish an efficient intelligent management system[120] - The company will continue to develop its R&D center and initiate the construction of a new research and production building as part of its investment projects[120]
星辰科技(832885) - 2021 Q4 - 年度财报