NOVEL OPTICS(SH:603297)2022-04-25 16:00Financial Performance - The company's operating revenue for 2021 was RMB 795,093,310.90, representing a year-on-year increase of 37.94% compared to RMB 576,409,916.27 in 2020[20]. - The net profit attributable to shareholders of the listed company reached RMB 261,471,218.68, marking a significant increase of 61.72% from RMB 161,683,777.61 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 160,779,203.79, up 69.26% from RMB 94,991,936.14 in 2020[20]. - The net cash flow from operating activities was RMB 173,231,266.34, showing a decrease of 8.22% compared to RMB 188,752,935.26 in the previous year[20]. - Basic earnings per share increased by 61.49% to CNY 2.39 in 2021 compared to CNY 1.48 in 2020[22]. - The company's revenue for the fourth quarter reached CNY 214,104,584.99, with a total annual revenue growth driven by increased sales of optical components and microscopes[24]. - The net profit attributable to shareholders for the first quarter was CNY 120,004,372.00, while the annual net profit increased significantly due to revenue growth and reduced management and financial expenses[24]. - The company achieved operating revenue of CNY 795.09 million, a year-on-year increase of 37.94%[58]. - Net profit attributable to shareholders was CNY 261.47 million, reflecting a 61.72% increase year-on-year[58]. Assets and Liabilities - The total assets at the end of 2021 amounted to RMB 1,714,328,384.39, an increase of 17.30% from RMB 1,461,519,990.41 at the end of 2020[21]. - The net assets attributable to shareholders of the listed company were RMB 1,476,131,671.77, reflecting a growth of 17.31% from RMB 1,258,376,571.97 in 2020[21]. - The company's cash and cash equivalents increased by 28.68% to ¥609,764,446.59, making up 35.57% of total assets[76]. - The total assets at the end of the period were significantly impacted by an increase in financial investments, with trading financial assets rising by 77.78% to ¥240,000,000[76]. - The company's total liabilities increased from 203,143,400 to 236,691,000 during the reporting period[199]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 9.00 per 10 shares, totaling RMB 99,429,750.00 based on the total share capital of 110,477,500 shares[4]. - The company implemented a cash dividend policy, distributing a total of RMB 58,562,350.00 (including tax) to shareholders based on a total share capital of 110,495,000 shares, at a rate of RMB 5.30 per 10 shares[141]. - The cash dividend policy stipulates that at least 20% of the distributable profits for the year should be distributed in cash if conditions are met[142]. Research and Development - R&D investment reached 63.07 million yuan, a year-on-year increase of 33.39%, accounting for 8.10% of main business revenue[35]. - The company has established partnerships with top universities, enhancing its research capabilities and technology transfer[56]. - Research and development expenses increased by 33.39% to CNY 63.07 million, indicating a focus on innovation[60]. - The company is focused on the R&D of mid-to-high-end optical components in fields such as barcode scanning, lithography lenses, and LiDAR, accelerating the development of OEM products towards complexity and modularization[93]. - The company is investing 200 million RMB in research and development to innovate new technologies in optical solutions[162]. Market Expansion and Strategy - The company is focusing on expanding high-end emerging businesses in response to trends in automation and artificial intelligence[30]. - The company is expanding into emerging business areas such as automotive optics, machine vision, and laser radar, in addition to its core businesses[53]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[115]. - The company plans to enhance its online sales channels, aiming for a 50% increase in e-commerce revenue[115]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2022, indicating a growth forecast of 25%[165]. Corporate Governance and Compliance - The company has provided a standard unqualified audit report from Tianjian Accounting Firm[3]. - The company has established effective internal controls, with no significant deficiencies reported as of December 31, 2021[103]. - The company has established effective risk control mechanisms for its subsidiaries, focusing on operational management and financial oversight[147]. - The company has committed to ensuring that the prospectus for the initial public offering (IPO) does not contain false records, misleading statements, or significant omissions, and will bear individual and joint legal responsibility for its authenticity, accuracy, and completeness[168]. - The company has established measures to minimize investor losses in case of non-fulfillment of commitments[169]. Employee and Management - The company employed 319 R&D personnel, representing 26.34% of the total workforce[70]. - The company has established effective incentive mechanisms, with 388,500 restricted stocks released to 53 incentive objects, enhancing team stability[39]. - The company implemented a differentiated compensation policy, including wages, allowances, bonuses, and benefits, to align employee interests with shareholder and company interests[138]. - The company’s training initiatives aim to foster employee dedication, enhance professional skills, and promote teamwork[139]. - The company has a total of 272.92 million CNY in net assets, indicating a solid financial position[108]. Product Development and Innovation - The high-end optical microscope brand NEXCOPE achieved sales exceeding CNY 60 million, with a year-on-year growth of over 50%[30]. - New product launches included two innovative optical devices, expected to contribute an additional 200 million RMB in revenue[115]. - New product development includes the launch of a cutting-edge optical lens, expected to contribute an additional 200 million RMB in revenue in the next fiscal year[166]. - The company has developed liquid focus lenses that significantly enhance production efficiency, positioning itself as one of the first to achieve mass production of such technology[48]. Risk Management - The company has committed to avoiding and minimizing related party transactions, ensuring fair pricing in any unavoidable transactions[159]. - The company has established a commitment to not use related party transactions to illegally transfer funds or profits from the company[159]. - The company will ensure that the compensation system for the board of directors is linked to the execution of the measures to compensate for the dilution of immediate returns[167]. - The company will take necessary actions to protect investor interests in case of non-fulfillment of commitments[169].