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创维集团(00751) - 2021 - 年度财报
SKYWORTH GROUPSKYWORTH GROUP(HK:00751)2022-04-19 08:53

Financial Performance - Revenue for 2021 reached RMB 50,928 million, an increase of 27.0% compared to RMB 40,093 million in 2020[3] - Operating profit before interest and tax was RMB 3,013 million, up 15.0% from RMB 2,620 million in the previous year[3] - Net profit for the year was RMB 1,965 million, reflecting a growth of 7.1% from RMB 1,835 million in 2020[3] - The overall revenue for the fiscal year ending December 31, 2021, was RMB 50,928 million, representing a 27.0% increase from RMB 40,093 million in the previous year[38] - The gross profit margin for the fiscal year was 16.8%, a decrease of 1.1 percentage points compared to the previous year[40] - Sales volume of smart TV systems decreased by 18.0% to 13,977 thousand units, down from 17,048 thousand units in the previous year[41] - Revenue from the mainland China market was RMB 33,220 million, an increase of RMB 8,637 million or 35.1% from RMB 24,583 million in the previous year[44] - Revenue from overseas markets was RMB 17,708 million, accounting for 34.8% of total revenue, with a 14.2% increase from RMB 15,510 million in the previous year[45] - The multimedia business revenue was RMB 27,370 million, an increase of RMB 2,903 million or 11.9% from RMB 24,467 million in the previous year[50] - The smart appliance business recorded revenue of RMB 4,375 million for the year ended December 31, 2021, an increase of RMB 157 million or 3.7% compared to the previous year[64] - The group's new energy business revenue surged to RMB 4,101 million, a significant increase of RMB 3,997 million or 3,843.3% compared to the previous year[69] - The modern service industry business achieved revenue of RMB 3,932 million, an increase of RMB 1,452 million or 58.5% year-on-year[71] Market Expansion and Strategy - The company is actively expanding both domestic and international markets, with a focus on establishing a presence in Africa, ASEAN, Europe, and India[19] - The company aims to enhance its international strategy and expand overseas business to mitigate the impacts of COVID-19[39] - The company plans to spin off Skyworth Electric Co., Ltd. for independent listing on the A-share market, with the application materials accepted by the Shenzhen Stock Exchange[9] - The company aims to achieve a revenue target of RMB 100 billion by 2024 as part of its three-year development plan[16] - The company is focusing on transforming its business model towards modern service industries and software, leveraging new technologies and materials[39] - The company is exploring financial technology services by collaborating with financial institutions to enhance user experience and service capabilities on its OTT platform[87] - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with a budget of up to HKD 1 billion allocated for potential deals[123] - Market expansion efforts include entering three new international markets, aiming for a 25% increase in overseas sales[123] Research and Development - The company added 1,457 new patents in 2021, bringing the total to 11,065 patents, enhancing product competitiveness[10] - The company emphasizes the importance of talent management and aims to strengthen its high-quality talent pool to improve research and development capabilities[27] - The group continues to invest heavily in R&D to enhance competitiveness, which has led to increased R&D expenses despite a decrease in the R&D expense to revenue ratio[76] - The company is investing HKD 500 million in research and development for new technologies in the upcoming year[123] - The group aims to enhance its research and development capabilities by constructing an advanced R&D center in Nanjing Industrial Park[64] Corporate Governance and Management - The management team is committed to improving corporate governance and investor relations, reflecting a strong focus on transparency and accountability[114] - The company has a diverse board with members holding significant shares, ensuring alignment with shareholder interests[104][105][109][113][116] - The board of directors remains committed to maintaining strong corporate governance and transparency in financial reporting[123] - The company has implemented strict quality control measures and conducts regular market surveys to improve product quality and customer satisfaction[151] Financial Position and Investments - The company’s cash position improved by 29.4%, reaching RMB 12,739 million compared to RMB 9,841 million in 2020[3] - The company’s net debt to equity ratio rose to 76.6%, up from 69.6% in 2020, indicating increased leverage[3] - Net current assets as of December 31, 2021, were RMB 13,725 million, an increase of RMB 2,208 million or 19.2% from RMB 11,517 million as of December 31, 2020[78] - Cash and bank balances increased to RMB 10,611 million, up RMB 2,397 million or 29.2% from RMB 8,214 million as of December 31, 2020[78] - Total bank loans amounted to RMB 14,262 million as of December 31, 2021, compared to RMB 11,387 million as of December 31, 2020[80] - The overall interest-bearing liabilities totaled RMB 16,145 million, an increase from RMB 13,224 million as of December 31, 2020, with a debt-to-equity ratio of 76.6%, up from 69.6%[80] - The company held investments in 40 unlisted companies valued at RMB 2,292.4 million as of December 31, 2021[82] - The company has made four equity investments in listed companies on the Hong Kong Stock Exchange, Shanghai Stock Exchange, or Shenzhen Stock Exchange, focusing on emerging industries such as semiconductors and new materials, which are expected to yield significant equity appreciation[88] Employee and Social Responsibility - The company expresses gratitude to its employees, shareholders, and partners for their support and contributions, aiming for greater success and shareholder returns in the coming year[28] - The company emphasizes the importance of employees as key drivers of business growth and provides various training programs to enhance their skills and awareness of environmental issues[150] - The company is committed to long-term environmental sustainability and has established a corporate social responsibility policy focusing on four main areas: work environment, environment, operational practices, and society[146] Product Development and Innovation - The company is accelerating the development of its photovoltaic business, focusing on distributed photovoltaic systems and exploring new business opportunities in energy storage and operation[21] - The introduction of Mini-LED technology provides a 25% energy saving and enhances user experience with superior picture quality[52] - The development of ultra-wideband antennas improved Wi-Fi connection stability by over 30%[52] - The group launched several flagship products, including the 8K OLED TV W92 and the world's first bendable OLED TV W82, enhancing its product lineup[52] - The company plans to leverage new technologies such as 5G, AI, and big data to launch new products including 5G+8K TVs and smart appliances, aiming to enhance product competitiveness and maintain performance in 2021[95] Shareholder Returns and Dividends - The company reported a final dividend of HKD 0.23 per share, totaling approximately RMB 497 million, compared to no dividend in 2020[144] - The company has adopted a dividend policy that allows for the declaration of dividends based on distributable profits, cash flow, and financial condition[145]