DPC(SH:600405)2022-04-28 16:00Financial Performance - The company reported a consolidated net profit of -147,310,975.94 RMB for 2021, with a net profit attributable to shareholders of -142,384,471.44 RMB[4]. - Operating revenue decreased by 14.29% to 1,041,933,316.17 RMB in 2021, compared to 1,215,709,742.85 RMB in 2020[19]. - The net cash flow from operating activities significantly dropped by 90.16% to 13,601,737.64 RMB in 2021, down from 138,254,950.37 RMB in 2020[19]. - The company's total assets slightly decreased by 0.23% to 2,555,972,670.81 RMB at the end of 2021, compared to 2,561,747,813.90 RMB at the end of 2020[19]. - The company's net assets attributable to shareholders decreased by 13.74% to 895,001,307.29 RMB at the end of 2021, down from 1,037,514,405.17 RMB at the end of 2020[19]. - The company does not plan to distribute dividends for 2021 due to negative retained earnings, with no cash dividends or stock bonuses proposed[5]. - The basic and diluted earnings per share for 2021 were both -CNY 0.2556, compared to -CNY 0.075 in 2020[20]. - The weighted average return on equity was -17.28% in 2021, a decrease of 13.19 percentage points from -4.09% in 2020[20]. - Operating profit was -¥146,855,969.29, a decline of ¥96,122,098.86 year-on-year[66]. - The company reported a net profit attributable to shareholders of -¥142,384,471.44, a decrease of ¥100,468,739.76 year-on-year[66]. Revenue and Sales - The company's operating revenue for 2021 was CNY 1,041.93 million, a decrease of 14.29% compared to CNY 1,215.71 million in 2020[27]. - Revenue from domestic operations was ¥803,947,483.08, down 16.01% year-on-year[71]. - The company sold 473,051 units of power supplies, a decrease of 2.02% compared to the previous year[73]. - Total revenue decreased by 15.79% to 643,145,767.4 from 763,697,4 in the previous year[75]. - The company's major customers accounted for 31.68% of total annual sales, with no significant reliance on a few customers[76]. Costs and Expenses - The gross profit margin decreased by 1.46% due to rising costs of raw materials and logistics, as well as a shortage of semiconductor components[28]. - Material costs for power products accounted for 86.70% of total costs, down from 88.95% year-on-year, with a decrease of 17.92% in amount[75]. - Sales expenses increased by 9.69% to 192,533,149.20 compared to 175,532,780.69 in the previous year[76]. - The cost of materials in the green travel segment increased by 31.51% year-on-year, with a total of 82,477,486.83[74]. - The company's financial expenses decreased by 4.59% to 50,394,050.21 from 52,817,910.41 in the previous year[77]. Research and Development - Research and development expenses increased by 28.89% to ¥104,414,645.95, attributed to new product development[67]. - The number of R&D personnel is 496, making up 20.59% of the total workforce[79]. - The company has a robust research and development capability, continuously innovating and iterating its products to meet customer demands[59]. - The company is committed to enhancing its research and development capabilities to keep pace with rapid technological changes and maintain core competitiveness[141]. - The company aims to enhance its R&D capabilities by optimizing testing platforms and improving product reliability, aiming for efficient large-scale production of new technologies[136]. Market and Industry Trends - The global 5G market size was approximately USD 53.93 billion in 2020 and is projected to reach USD 123.27 billion by 2025, with a compound annual growth rate of 18%[98]. - The domestic IDC market size reached approximately CNY 298.47 billion in 2021, with a year-on-year growth of 33.3%, and is expected to reach CNY 230 billion in 2022[101]. - The global photovoltaic installation is expected to grow by over 20% in 2022, surpassing 200 GW, with total investment exceeding $170 billion[114]. - The market size for the "small three electric" (onboard power supply business) is projected to reach tens of billions of yuan in 2022, driven by the demand for high-quality onboard power supplies in the new energy vehicle sector[106]. - By 2030, China aims to achieve a target of 2 million hydrogen fuel cell vehicles, with the hydrogen fuel cell vehicle industry expected to exceed 1 trillion yuan in value by 2030[105]. Strategic Initiatives - The company is focusing on strategic partnerships with domestic brands to enhance localization and reduce reliance on imported materials[28]. - The company is expanding its new energy business, particularly in solar energy, by establishing dedicated R&D teams and product lines[28]. - The company aims to improve production efficiency and strengthen cost management to mitigate the impact of rising material costs[28]. - The company is developing a comprehensive energy management system that integrates photovoltaic generation, energy storage, and vehicle-to-grid (V2G) technology, enhancing the efficiency of green travel solutions[56]. - The company plans to deepen its presence in the data communication sector, targeting a top-three market share in the domestic communication power supply business[121]. Corporate Governance and Compliance - The company is committed to maintaining transparency and compliance with regulatory requirements[151]. - The internal control audit report for 2021 received a standard unqualified opinion from the auditing firm, indicating effective internal control implementation[185]. - The company has actively improved its governance structure and complied with relevant laws and regulations during the self-inspection process[185]. - The company has not reported any significant internal control deficiencies during the reporting period[183]. - The company has established a comprehensive training system focusing on enhancing middle management capabilities, covering all director-level managers and key personnel[172]. Employee and Management - The company has a workforce of 2,362 employees, with 762 being technical personnel, representing 32.26% of the total[59]. - The total number of employees in the parent company is 989, while the total number of employees in major subsidiaries is 1,429, resulting in a combined total of 2,418 employees[170]. - The company has implemented a skill-based salary system for R&D personnel, a performance-based salary system for functional personnel, and a fixed salary plus performance bonus system for sales personnel[171]. - The management team has extensive experience in various technology and management roles within the industry[159]. - The company has a long-term incentive plan for core personnel, including an employee stock ownership plan and project bonus system for R&D personnel[171]. Social Responsibility - In 2021, the company supported 120 impoverished households in Jilin Province with an annual aid of 3,000 yuan per household[191]. - The company donated communication power products and smart battery swap cabinets to aid disaster recovery efforts in Zhengzhou[191]. - The company is committed to enhancing its core competitiveness in data communication, green travel, and new energy sectors[190]. - The company aims to become a trusted enterprise with a vision of becoming a "century-old enterprise and brand"[190]. - The company has implemented environmental management standards and aims to achieve sustainable development through clean production and energy-saving projects[189].