HTGD(SH:600487)2022-04-25 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥41.27 billion, representing a year-over-year increase of 27.44% compared to ¥32.38 billion in 2020[14]. - The net profit attributable to shareholders for 2021 was approximately ¥1.44 billion, reflecting a growth of 35.28% from ¥1.06 billion in 2020[14]. - The net profit after deducting non-recurring gains and losses was approximately ¥1.36 billion, which is a 70.29% increase from ¥795.94 million in 2020[14]. - The basic earnings per share for 2021 was ¥0.61, up 10.91% from ¥0.55 in 2020[15]. - The weighted average return on net assets for 2021 was 7.02%, a decrease of 0.34 percentage points from 7.36% in 2020[15]. - The total assets at the end of 2021 were approximately ¥52.46 billion, an increase of 8.19% from ¥48.48 billion at the end of 2020[14]. - The net cash flow from operating activities for 2021 was approximately ¥1.38 billion, down 14.66% from ¥1.61 billion in 2020[14]. - The company achieved operating revenue of 41.271 billion RMB, a year-on-year increase of 27.44%[22]. - The net profit attributable to shareholders was 1.436 billion RMB, representing a year-on-year growth of 35.28%[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.355 billion RMB, up 70.29% year-on-year[22]. Dividend Distribution - The company plans to distribute a cash dividend of 0.70 RMB per share, totaling 162,524,133.94 RMB (including tax) to shareholders[2]. - For the 2021 fiscal year, the proposed cash dividend is RMB 0.70 per 10 shares, amounting to RMB 162,524,133.94 (including tax)[155]. - The company has maintained a consistent cash dividend policy, ensuring transparency and stability in its distribution decisions[155]. - The company has repurchased 5,228,012 shares from April 1, 2021, to the dividend record date, adjusting the total cash dividend to RMB 139,962,660 (including tax) to maintain the per-share distribution ratio[155]. Risk Factors and Compliance - The company has detailed risk factors in the management discussion and analysis section of the report[2]. - The company’s future business activities and developments are subject to various risks that may lead to significant differences from forward-looking statements[2]. - The company has implemented a complete compliance management system to mitigate overseas investment and operational risks, particularly in complex international environments[120]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[2]. - The company has not reported any non-operating fund occupation by major shareholders or related parties during the reporting period[186]. Research and Development - Research and development expenses amounted to ¥1,604,172,879.20, representing a 32.07% increase from ¥1,214,664,416.73 year-on-year, reflecting the company's commitment to innovation[50]. - The company invested ¥190,772.58 million in R&D, a 25.16% increase from the previous year, focusing on 5G optical communication and marine energy sectors[45]. - The company has accumulated 690 authorized invention patents and 38 international patents, demonstrating its strong innovation capabilities[45]. - The company is actively participating in the formulation of national standards for quantum cryptography, showcasing its leadership in cutting-edge technology[45]. Market Expansion and Strategic Initiatives - The company is focusing on expanding its market presence and enhancing its technological capabilities in response to the growing demand for fiber optic products[68]. - The company aims to enhance its competitive edge in the marine communication sector through strategic partnerships and technological advancements[28]. - The company is transitioning from a manufacturing-focused model to a platform service-oriented model in the optical communication industry[31]. - The company is actively expanding its business in marine communication, optical modules, smart cities, and quantum secure communication[39]. - The company aims to enhance its offshore wind power capabilities by integrating product, engineering, and system solutions to navigate the era of grid parity[76]. Environmental and Social Responsibility - The company has implemented pollution prevention facilities that have been operational and compliant with standards throughout 2021[165]. - The company has been recognized as a key pollutant discharge unit and has adhered to strict waste management protocols to ensure zero emissions[164]. - The company has committed to charitable activities, including donations to educational foundations and support for poverty alleviation and disaster relief efforts[174]. - The company promotes green manufacturing practices and has established the world's largest green optical fiber preform production base, reducing harmful emissions[175]. Corporate Governance - The company’s board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[2]. - The company has established a management system that integrates performance evaluation with salary adjustments[152]. - The company has undergone a board reshuffle, with several new directors and independent directors elected[139]. - The company has established specialized committees, including the Audit Committee and the Nomination Committee, with specific members assigned[144]. Financial Health and Audit - The company reported a standard unqualified audit opinion from Lixin Certified Public Accountants for the fiscal year 2021[2]. - The company has received a standard unqualified opinion on its internal control audit for the 2021 fiscal year[162]. - The company has maintained its external audit firm for 22 consecutive years, indicating a stable relationship with the auditor[187]. - The company has not experienced any significant accounting errors that would require correction during the reporting period[186].