京东方精电(00710) - 2021 - 年度财报

Financial Performance - The company reported a revenue of HKD 7,738 million for the year ended December 31, 2021, representing a 71% increase from HKD 4,527 million in 2020[8]. - EBITDA for the year was HKD 513 million, up 138% from HKD 216 million in the previous year[8]. - Shareholders' profit attributable to the company was HKD 327.8 million, a 378% increase compared to HKD 68.6 million in 2020[8]. - Cash and cash equivalents at the end of 2021 stood at HKD 2,267 million, compared to HKD 1,635 million at the end of 2020[8]. - Operating profit for the same period was HKD 350,000,000, an increase of approximately 400% from HKD 70,000,000 in the previous year[17]. - Net profit attributable to shareholders reached HKD 327,800,000, compared to HKD 68,600,000 in 2020, marking a significant increase[17]. - The group’s revenue for the fiscal year ended December 31, 2021, increased by 71% to HKD 7,738,000,000 compared to the previous fiscal year[17]. Automotive Sector Growth - The company achieved significant growth in the automotive sector, with revenue from automotive displays reaching HKD 6,509 million, an 89% increase from HKD 3,450 million in 2020[9]. - The automotive display business accounted for approximately 84% of the company's total revenue, reflecting strong demand in the market[9]. - The automotive display business in China accounted for over 40% of the group's total revenue in 2021, with a customer base expanding to cover major traditional and new energy vehicle manufacturers[11]. - The sales of TFT display products for new energy vehicle customers exceeded 30% coverage in 2021, contributing to the overall revenue growth driven by strong demand in the traditional and new energy vehicle markets[11]. - The group expects continued revenue growth in 2022, driven by increasing demand for TFT and touch screen display modules, particularly from China and Europe[11]. Research and Development - The group invested HKD 200,000,000 in research and development, representing about 3% of total revenue[17]. - Significant investments have been made in Hefei Jiangcheng Technology Co., Ltd. to support the development of AR-HUD and related technologies[14]. - The company is focusing on developing next-generation automotive display technologies, including AR-HUD and head-up displays, with production expected to start in the first half of 2022 for a local Chinese automotive brand[14]. - The company has built a professional automotive electronics R&D team, focusing on smart cockpit solutions, and has secured multiple projects with new energy vehicle companies in China and Europe[15]. Environmental Sustainability - The company emphasizes the importance of ESG governance and management, integrating sustainability factors into all business decision-making processes[34]. - The total greenhouse gas emissions in 2021 amounted to 4,308.09 tons of CO2 equivalent, with a revenue ratio of 556.74 tons per billion HKD[45]. - The company has maintained ISO 14001 certification since 2005, ensuring compliance with environmental laws and regulations[44]. - The company emphasizes the importance of environmental protection and sustainable development in its operations[42]. - The company aims to maintain a carbon dioxide equivalent density of 0.065 tons per 1,000 units as an initial target for emission reduction[47]. Employee Management and Welfare - The company employed a total of 3,725 staff globally, with a performance-based compensation policy in place[20]. - The employee turnover rates for Hong Kong, China, and overseas in 2021 were 15.9%, 34.3%, and 5.9% respectively[61]. - The company maintained a safe working environment, with no work-related fatalities reported over the past three years, and recorded 18 minor injuries in 2021, resulting in a total of 286 lost workdays[62]. - Employee compensation and bonuses are linked to performance, with annual reviews considering financial performance, business outlook, individual performance, market levels, and inflation[61]. - The company promotes a healthy lifestyle among employees through health and wellness seminars and various sports activities[64]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, ensuring accountability and transparency among stakeholders[117]. - The board consists of 3 executive directors, 3 non-executive directors, and 3 independent non-executive directors as of December 31, 2021[118]. - The company has adopted and complies with the corporate governance code as per the Hong Kong Stock Exchange's listing rules[117]. - The independent non-executive directors bring extensive professional management experience to the board, ensuring the company's continued success[118]. - The company emphasizes the importance of balancing interests among shareholders, customers, creditors, employees, and other stakeholders[117]. Supplier and Procurement Management - The top five suppliers represented 67.2% of total procurement, with the largest supplier accounting for 38.3%[194]. - The total procurement transaction amount was HKD 3,362 million, reflecting a significant increase from HKD 2,431 million in 2020, representing a growth of approximately 38.3%[182]. - The company has established a subcontracting agreement with the parent company for the manufacturing of TFT/TP modules, which has been effective since 2016 and was updated in 2018[181]. - The company has implemented a comprehensive quality management system that meets ISO 9001 and IATF 16949 requirements, ensuring strict quality control throughout the production process[82]. Community Engagement - The company actively participates in community charity events, including the Standard Chartered Marathon and fundraising activities in Guangdong[87]. - Since 2012, the company has established a scholarship program in partnership with a local technical school to support outstanding students and assist those in need[88]. - The group’s charitable donations reached HKD 128,532 in the fiscal year, an increase from HKD 89,000 in 2020[158].