Company Overview - IBO Technology Company Limited is a leading provider of industrial digitalization solutions and services in China, focusing on IoT technology for over 20 years[17]. - The company has made significant breakthroughs in 5G communication and information technology applications, investing substantial resources in these areas[17]. - IBO Technology has successfully developed a series of domestic electronic terminal products, including ultra-thin laptops and high-integration desktop computers, meeting security standards above Level 3.0[19]. - The company provides 5G network equipment and industry-specific 5G private network solutions for various sectors, including steel, education, healthcare, and security[18]. - IBO Technology has established itself as a key player in the domestic electronic terminal market, addressing the shortage of high-end terminal products[19]. - The company aims to offer one-stop industrial digitalization solutions by integrating its IoT products, 5G communication equipment, and electronic terminals[20]. - IBO Technology's business network extends across the country, with a focus on the Pearl River Delta region[1]. - The company is committed to continuous innovation and the introduction of new technologies and services to its customers[1]. - IBO Technology's stock is listed on the Hong Kong Stock Exchange under the code 2708[16]. Financial Performance - The company's revenue for the fiscal year ending March 31, 2022, was approximately RMB 1,046.3 million, a significant increase of 86.7% compared to RMB 560.3 million in the previous year[27]. - The profit attributable to the company's owners was approximately RMB 14.66 million, a turnaround from a loss of RMB 42.1 million in the previous year[27]. - Sales of smart terminal products increased by approximately 121.7% year-on-year to about RMB 891.37 million, driven by favorable national policies and the delivery of previously signed orders[28]. - The software development business recorded revenue of approximately RMB 104.23 million, representing a year-on-year increase of about 129.1%[28]. - The company anticipates significant growth in the domestic innovation industry over the next three to five years, benefiting from increased demand for domestic technology products[29]. - The company has established a sales contract with Guangxi Hongyingda Electronics for over 10,000 units of various nationalized IT products, including laptops and all-in-one computers[30]. - The company has signed an ODM cooperation agreement with Shenzhen Aerospace Huatuo Technology to jointly produce and sell 200,000 domestically produced laptops[30]. - The company reported a loss attributable to shareholders of RMB 42.1 million for the fiscal year 2022, compared to a loss of RMB 14.7 million in 2021, highlighting challenges in profitability[41]. - The gross profit for smart terminal product sales was RMB 180 million, showing an increase from RMB 165.7 million in the previous year, indicating a positive growth trend[40]. - The company anticipates a significant demand for domestic PCs, with over one million units expected to be procured by government agencies and enterprises from 2022 to 2025, indicating a substantial market opportunity[141]. Market and Industry Trends - The 5G market in China is expected to experience substantial growth, with the company having obtained telecom equipment access permits for 5G base stations, allowing direct procurement in 22 provincial markets[34]. - The company believes that technological innovation is essential for growth, focusing on three main business segments: 5G, trusted computing, and IoT, which are interconnected and synergistic[35]. - The Chinese trusted computing industry is projected to grow from RMB 1,375.88 billion in 2021 to RMB 3,701.13 billion by 2027, indicating substantial market potential[45]. - The government is actively promoting the trusted computing industry, which is expected to enhance the application ratio of domestic products across key sectors such as finance and telecommunications[46]. - The company aims to leverage the rapid growth of the 5G network, which has seen over 1.42 million base stations built by the end of 2021, to expand its business in various sectors including finance and education[50]. Research and Development - The company is committed to enhancing its product development and market promotion efforts to capture more market share in the domestic trusted computing IT products sector[35]. - The company has developed new products, including a 5G communication base station with automatic cooling features, which received an invention patent on January 21, 2022[121]. - The R&D team added 28 new members with R&D investment exceeding RMB 12.5 million[192]. - The group received multiple patents, including a utility model patent for a 5G RF remote device and an invention patent for a load balancing management method for base stations, enhancing its technological portfolio[115][118]. - The group has expanded its patent portfolio with several software copyright registrations, including for 5G CPE embedded software and traffic monitoring systems[118]. Strategic Partnerships and Collaborations - The company has formed a strategic partnership with Alba Cultural Sports Development to apply 5G technology in the entertainment and esports sectors[34]. - The company established a strategic cooperation framework agreement with Alba Cultural Sports Development to optimize and share resources in the esports industry, covering over 6,600 esports venues and 2,000 esports hotels nationwide[125]. - The company signed a 5G technology application cooperation contract for a well-known esports brand's venue, with exclusive rights to provide 5G signal coverage and related services[127]. - The company entered into a purchase contract with Guangxi Hongying Electronic for 10,050 units of 14-inch domestic laptops and 150 units of all-in-one computers, totaling RMB 51.805 million[133]. - The company signed a strategic cooperation agreement with Aerospace Huatuo for an ODM project involving 200,000 units of domestically produced laptops, focusing on product development and certification[136]. Corporate Governance and ESG - The company emphasizes sustainable development as a long-term strategy, integrating ESG principles into daily operations to create long-term value for stakeholders[174]. - The board of directors is responsible for the overall ESG management framework, ensuring effective implementation of ESG policies[176]. - The ESG working group, composed of various departments, is tasked with assessing and managing operational risks related to sustainability[177]. - The company is committed to low-carbon operations and energy conservation, seeking a balance between development and environmental responsibility[181]. - The company has established open communication channels for employees to report ESG-related issues and suggestions to management[181]. Employee and Organizational Development - The group employed 231 staff, an increase from 226 staff in the previous year[112]. - Employee costs, including director remuneration, amounted to approximately RMB 77.45 million, up from RMB 40.76 million in the previous year, reflecting a significant increase of 90.2%[112]. - The company has granted a total of 40 million stock options under its stock option plan, which were fully exercised during the year[112]. - The company is committed to regular reviews of employee compensation policies and training opportunities to ensure professional development[112]. - The proportion of female employees increased by 10.39%[192]. Environmental Impact - Carbon emission intensity decreased by 13.08% compared to the previous year[192]. - Water consumption and water consumption intensity decreased by 22.73% and 42.19% respectively compared to the previous year[192]. - The company achieved zero work injuries, zero fatalities, and zero confirmed cases related to health and safety issues[192]. - The company made a donation of RMB 1 million for educational support[192]. - The company promotes a paperless office concept across headquarters and branches[191].
艾伯科技(02708) - 2022 - 年度财报