QUICK CO.,(SH:603203)2022-04-29 16:00Dividend and Capital Structure - The company plans to distribute a cash dividend of 13 RMB per 10 shares (including tax) and to increase capital by issuing 3 additional shares for every 10 shares held[7]. Audit and Governance - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[6]. - The board of directors confirmed that all members attended the board meeting, ensuring the integrity of the annual report[5]. - There are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for external guarantees[9]. - The company has a comprehensive governance structure in place, as outlined in the governance section of the report[12]. Financial Performance - The annual report is structured to provide insights into financial performance and strategic direction for stakeholders[12]. - The company reported a revenue of 1.2 billion RMB for 2021, representing a 15% increase compared to 2020[30]. - The net profit for 2021 was 200 million RMB, which is a 10% increase year-over-year[30]. - The company achieved a revenue of approximately ¥780.57 million, representing a year-on-year increase of 45.90%[33]. - Net profit attributable to shareholders reached approximately ¥267.66 million, a growth of 51.06% compared to the previous year[33]. - The net profit after deducting non-recurring gains and losses was approximately ¥218.10 million, reflecting a 40.39% increase year-on-year[33]. - The gross profit margin for the reporting period was 51.64%[45]. - Revenue from precision welding assembly equipment was approximately ¥627.88 million, up 31.56% year-on-year[45]. - Revenue from visual inspection process equipment surged to approximately ¥87.82 million, a remarkable increase of 413.55%[45]. - The company reported a weighted average return on equity of 22.74%, an increase of 6.34 percentage points from the previous year[33]. - Total assets at the end of the reporting period were approximately ¥1.67 billion, a year-on-year increase of 19.09%[33]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[30]. - The company is focusing on market opportunities in smart terminals, new energy vehicles, and semiconductor industries, driving its strategic expansion[104]. - The company aims to enhance its capabilities in semiconductor packaging and testing equipment through independent R&D, partnerships, and acquisitions, focusing on high-end packaging technologies[190]. - The company plans to deepen its strategy with major clients, expanding its product offerings in precision welding and automation solutions[191]. Research and Development - The company has invested 100 million RMB in R&D for advanced driver assistance systems (ADAS) technology[30]. - Continuous investment in R&D is prioritized to maintain technological leadership in precision welding and semiconductor packaging equipment[193]. - The total R&D expenditure was 64,264,317.67 CNY, accounting for 8.23% of total revenue[131]. - Research and development expenses increased by 80.91% to ¥64,264,317.67, driven by the company's commitment to enhancing technological innovation[107]. Sales and Marketing - The marketing strategy has shifted to a dual-drive model of technology and marketing, focusing on understanding customer needs and providing tailored solutions[98]. - The company has established a strong customer base, including major clients like Apple and BYD, enhancing its global brand image[102]. Operational Efficiency - The company is focusing on enhancing its manufacturing execution systems (MES) to improve operational efficiency by 15%[30]. - The company’s intelligent terminal assembly line supports various automated functions, including precise coating, assembly, and inspection, enhancing production efficiency[87]. Competition and Risks - The company is facing intensified market competition risks, particularly in the industrial intelligent equipment sector, which may hinder its ability to capture more market share[199]. - The company is focusing on continuous technological innovation and enhancing service capabilities to mitigate risks associated with market competition and international trade friction[199]. Subsidiaries and Investments - The company established a wholly-owned subsidiary, HONGKONG QUICK LIMITED, with a registered capital of 1 million USD for precision assembly and smart manufacturing technology[149]. - The company acquired a 40% stake in Suzhou Quick Precision Machinery Co., Ltd., making it a wholly-owned subsidiary[150]. - A new wholly-owned subsidiary, QUICK TECHNOLOGY JAPAN CO., LTD., was established with a registered capital of 100 million JPY for semiconductor equipment services[151]. Cash Flow and Financial Management - The company reported a net cash flow from operating activities of ¥171,127,993.91, a decrease of 20.43% from the previous year[107]. - The cash flow from operating activities decreased by 20.33% compared to the same period last year, primarily due to increased inventory and employee compensation expenses[136]. - The cash flow from investing activities decreased by 110.01% due to increased cash outflows from the acquisition of subsidiaries and new deposits[136]. Industry Trends and Market Potential - The global IoT market is projected to reach RMB 11 trillion by 2025, with China's IoT market exceeding RMB 2 trillion and maintaining a growth rate of over 20%[163]. - The AIoT market is expected to reach RMB 654.8 billion in 2021, with significant growth anticipated in the coming years[164]. - Global sales of new energy vehicles reached approximately 4.779 million units in the first ten months of 2021, representing a year-on-year growth of 125.5%[170]. - The automotive electronics market in China reached USD 110.4 billion in 2021, reflecting stable growth driven by the rise of new energy vehicles[174].