Koal(SH:603232)2022-04-25 16:00Financial Performance - The company's operating revenue for 2021 was CNY 611,071,655.81, representing a year-on-year increase of 37.38% compared to CNY 444,807,800.17 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 79,708,336.41, up 39.65% from CNY 57,077,979.32 in 2020[25]. - The net profit after deducting non-recurring gains and losses was CNY 33,258,456.50, a decrease of 27.73% from CNY 46,018,600.15 in 2020[25]. - The total assets at the end of 2021 were CNY 1,903,713,079.42, an increase of 17.21% from CNY 1,624,238,738.80 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 0.34, reflecting a 36.00% increase from CNY 0.25 in 2020[26]. - The weighted average return on equity for 2021 was 5.87%, down 0.57 percentage points from 6.44% in 2020[26]. - The company reported a net cash flow from operating activities of CNY -12,617,595.37, a significant decrease of 108.64% compared to CNY 145,981,400.36 in 2020[25]. - The company achieved operating revenue of 611.07 million yuan in 2021, a year-on-year increase of 37.38%, and a net profit attributable to shareholders of 79.71 million yuan[34]. - The total profit reached 9,101.17 million RMB, reflecting a growth of 42.23% compared to the previous year[69]. - The net profit attributable to shareholders was 7,970.83 million RMB, up 39.65% year-on-year[69]. Dividend Policy - The company plans to distribute a cash dividend of 1.30 RMB per 10 shares, totaling 30,123,864.29 RMB, based on a total share capital of 231,722,033 shares as of the end of 2021[6]. - The company distributed a total of 23,172,203.28 CNY in cash dividends based on a share capital of 193,101,694 shares, amounting to 1.2 CNY per 10 shares[165]. - The cash dividend distribution was completed on June 1, 2021, as approved by the 2020 annual shareholders' meeting[165]. - The company plans to distribute at least 30% of the available profit in cash dividends annually for the first five years post-listing, provided there are no significant capital expenditures[164]. - The company’s cash dividend policy stipulates that during the mature stage without significant capital expenditure, at least 80% of the current profit distribution should be in cash dividends[163]. Capital Structure and Shareholder Information - The company's registered capital increased from 193,101,694 RMB to 231,722,033 RMB following a capital reserve conversion approved at the 2021 annual general meeting[10]. - The company’s total share capital increased by 38,620,339 shares due to a capital reserve conversion in 2021[10]. - The total number of shares held by Chairman Kong Lingang increased from 25,067,885 to 30,081,462, a change of 5,013,577 shares due to capital reserve conversion[139]. - Director Lu Haitan's shares rose from 17,307,329 to 19,147,695, an increase of 1,840,366 shares, also attributed to capital reserve conversion[139]. - Director Yang Wenshan's shares decreased from 8,615,154 to 7,754,985, a reduction of 860,169 shares, with a total pre-tax remuneration of 96.38 million yuan[139]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[7]. - The company has detailed potential risks in the management discussion and analysis section of the report[9]. - The company emphasizes a strong governance structure, ensuring compliance with legal regulations and maintaining a high-quality investor relations management system[41]. - The company strictly adheres to insider information management regulations, enhancing transparency and protecting shareholder rights[131]. - The company has taken measures to ensure independence from its controlling shareholder in all aspects, including assets, personnel, finance, and operations[132]. Research and Development - The company invested approximately 106.25 million yuan in R&D during the reporting period, representing a 38.17% increase compared to 2020[38]. - The company is committed to strengthening data security and privacy protection, aligning with national policies for self-control and comprehensive compliance, which drives market demand for information security products[47]. - The company continues to focus on emerging technologies such as searchable encryption and blockchain, with several research outcomes entering the product integration phase[39]. - Research and development expenses rose by 38.17% to 106,245.79 million RMB, indicating increased investment in innovation[70]. - The company is focusing on exploring new technologies and application scenarios to enhance its core technical advantages in the information security sector[98]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[142]. - The company plans to strengthen its research and development efforts, particularly in emerging fields like cloud computing, industrial internet, and blockchain[104]. - The company will continue to enhance its core business capabilities and focus on market expansion in key sectors such as government, finance, and state-owned enterprises[104]. - The company is transitioning from a single product provider to a comprehensive security solution provider to meet evolving customer needs[104]. - The company anticipates a growing market for identity management and access control software as cloud environments become more prevalent[101]. Corporate Governance - The company has established an independent personnel management system, ensuring that all personnel appointments, incentives, and penalties are managed according to internal policies[132]. - The company has a structured decision-making process for remuneration, where independent director compensation is decided by the shareholders' meeting, while other senior management compensation is discussed and approved by the compensation committee before being submitted to the board[149]. - The company has maintained a stable leadership structure, with key personnel serving in their roles for extended periods[146][147]. - The company emphasizes performance-based evaluations for its senior management, linking compensation to the achievement of annual operational indicators[149]. - The company is committed to improving its corporate governance structure and internal control mechanisms to promote sustainable development[131]. Environmental Responsibility - The company emphasizes its commitment to environmental protection, stating that it generates no production wastewater, waste gas, or industrial waste, with noise levels significantly below allowable standards[178]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[179]. - The company has disclosed its social responsibility efforts in its 2021 Social Responsibility Report[179]. Legal and Regulatory Compliance - The company has not faced any penalties from securities regulatory agencies in the past three years[150]. - There were no significant lawsuits or arbitration matters reported for the year[194]. - The company has not faced any delisting risks or bankruptcy restructuring issues during the reporting period[194]. - The company has not disclosed any temporary announcements regarding significant contracts or their execution status[198]. Employee Information - The company increased its total employee count to 919, with a net increase of 189 employees, and 71.27% of employees hold a bachelor's degree or higher[40]. - The professional composition includes 676 technical personnel, 145 sales personnel, and 14 financial personnel[160]. - The company has implemented a salary policy that links employee income to annual business performance and management goals[161]. - The company has a training plan that aligns employee development with future human resource needs[162].