KedaTechnology(SH:603660)2022-04-15 16:00Financial Performance - The company achieved operating revenue of 2,613.38 million yuan in 2021, an increase of 11.03% compared to the previous year[5]. - Revenue from video conferencing business was 1,272.84 million yuan, up 6.01% year-on-year, while video surveillance business revenue reached 1,299.99 million yuan, growing by 16.80%[5]. - The net profit attributable to shareholders was 63.14 million yuan, a decrease of 25.71% compared to the previous year[5]. - The company's operating revenue for 2021 was CNY 2,613,382,739.26, representing an increase of 11.03% compared to CNY 2,353,776,495.79 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 63,135,708.51, a decrease of 25.71% from CNY 84,985,024.55 in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 37,687,490.39, down 31.57% from CNY 55,073,511.99 in 2020[24]. - The net cash flow from operating activities for 2021 was CNY -87,015,355.42, a significant decline compared to CNY 102,869,360.36 in 2020[24]. - The basic earnings per share were 0.1278 RMB, down 24.82% from 0.1700 RMB in the previous year[25]. - The diluted earnings per share also decreased by 34.26%, from 0.1944 RMB to 0.1278 RMB[25]. - The weighted average return on equity was 3.32%, a decline of 1.12% compared to the previous year[25]. - The net cash flow from operating activities decreased significantly by 184.59% compared to the previous year[26]. - The company reported a revenue of 2.613 billion RMB, an increase of 11.03% compared to the same period last year[25]. - The company’s revenue growth is driven by continuous innovation and a focus on customer needs, with R&D investment exceeding the industry average[76]. Research and Development - The company plans to invest in research and development for new products to meet evolving market demands[14]. - The company increased its investment in research and development and business expansion during the reporting period[25]. - Research and development expenses increased by 17.19% to CNY 759,800,502.10, reflecting the company's commitment to innovation[89]. - Total R&D investment amounted to 759.80 million yuan, representing 29.07% of operating revenue[100]. - The number of R&D personnel was 2,410, accounting for 46.94% of the total workforce[101]. - The company added a total of 148 patents during the reporting period, including 88 invention patents, bringing the total to 499 software copyrights[82]. Market Strategy and Outlook - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments[14]. - Future outlook includes strategic initiatives aimed at improving operational efficiency and increasing profitability[14]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[14]. - The company is positioned to leverage the "New Infrastructure" initiative, focusing on intelligent applications in public safety and urban management[49]. - The gradual popularization of 5G technology offers new development opportunities for mobile video applications, enhancing bandwidth, reducing latency, and improving connectivity[45]. - The company aims to explore the latest technologies and diverse application scenarios in the video communication field, contributing to the digital transformation of industry clients[45]. - The company is expected to benefit from the government's push for smart transportation infrastructure by 2025, which includes significant investments in technology integration[50]. Compliance and Risk Management - The company has not identified any significant risks that could adversely affect its future development strategy or ongoing operations during the reporting period[9]. - The company has established a compliance operation system to ensure adherence to relevant laws and regulations amid external challenges[38]. - The company is committed to compliance and risk management, actively addressing potential supply chain disruptions and legal challenges[135]. - The company has maintained a clear ownership structure and operates independently from its controlling shareholder, ensuring no conflicts of interest[139]. - The company has established a robust governance framework, adhering to legal regulations and ensuring effective oversight by its board and management[138]. Product Development and Innovation - The company is focusing on the "data intelligence" era in the security industry and aims to enhance its video conferencing and surveillance business through diversified integration of video communication products[6]. - The company emphasizes the importance of artificial intelligence and big data technology in the audio-visual field to support the construction of smart cities and digital transformation for enterprise clients[6]. - The company has fully realized the localization of video conferencing products, including hardware and software, and has completed mutual certification with major domestic server and chip manufacturers[38]. - The company has launched a cloud police solution in Suzhou and Xiamen, enhancing traffic management capabilities in these cities[37]. - The company is focusing on AI and deep learning to upgrade surveillance cameras and expand its 5G product offerings[36]. - The company has launched several 5G products, including 5G deployment balls and mobile law enforcement terminals, to enhance its 5G product portfolio and support AI applications[58]. - The company has developed a comprehensive cloud service system based on a "one base and three middle platforms" architecture, enabling agile delivery and customization for various industries[58]. - The company has introduced various mobile video applications, including mobile policing and drone monitoring, to meet diverse user needs in emergency command and remote law enforcement[57]. Corporate Governance and Management - The company held 2 shareholder meetings during the reporting period, with all proposals approved[143]. - The chairman, Chen Donggen, maintained 129,811,628 shares, with no change during the reporting period[145]. - The total pre-tax remuneration for the chairman was 503,600 CNY[145]. - The total pre-tax remuneration for the general manager, Chen Weidong, was 500,000 CNY[145]. - The company’s management team has a mix of shareholding changes, with some members experiencing significant reductions in their holdings due to incentive share buybacks[145]. - The company completed the repurchase and cancellation of 5,107,296 restricted stocks due to not meeting performance targets in 2020[148]. - The company has a comprehensive employee training program, focusing on various training needs including new employee orientation and professional development[167]. - The company has established a performance evaluation mechanism for its compensation policy to ensure fairness and effectiveness[166]. Social Responsibility and Community Engagement - The company donated CNY 400,000 to the Suzhou High-tech Zone Charity Foundation during the reporting period[183]. - The company provided employment for 63 disabled individuals, with total salaries and benefits amounting to CNY 3.0675 million[183]. - The company has implemented a series of environmental management procedures and achieved ISO 14001:2015 certification[180]. - The company has implemented energy-saving measures, including strict air conditioning usage policies and waste classification[182]. Related Party Transactions - The company has significant related party transactions, with total amounts reaching RMB 5,930.78 million[197]. - The company has a rental contract with Shanghai Koyuan Software Co., Ltd. amounting to RMB 7,047,628.57, which ended on April 30, 2022[200]. - The company has a related party transaction with Shanghai Candor, a subsidiary, with a transaction amount of RMB 235,849.06, representing 0.009% of the market reference price[196]. - The company has a related party transaction with Kefa Technology, with a transaction amount of RMB 538,113.21, representing 0.02% of the market reference price[196]. - The company has a related party transaction with Tianju Dihai, with a transaction amount of RMB 3,646,016.81, representing 0.14% of the market reference price[196]. - The company has a related party transaction with Chengde Topology, with a transaction amount of RMB 268,659.28, representing 0.02% of the market reference price[197].