HYC(SH:688001)2022-04-14 16:00Dividend and Profitability - The company plans to distribute a cash dividend of 2.15 RMB per 10 shares, totaling approximately 94.47 million RMB, which represents 30.09% of the net profit attributable to shareholders for 2021[7]. - The company has not achieved profitability since its listing, indicating ongoing investment and growth strategies[5]. - The company has not proposed any capital reserve transfers to increase share capital or stock dividends for 2021[7]. - The company's net profit attributable to shareholders was ¥313,971,734.14, an increase of 18.43% from the previous year[41]. - The net profit after deducting non-recurring gains and losses increased by 32.15% to ¥287,831,134.49[41]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a 25% year-over-year growth[23]. - In 2021, the company's operating revenue reached ¥2,020,205,931.31, representing a growth of 20.43% compared to 2020[37]. - The company's total assets grew by 41.28% to ¥5,150,193,613.80 by the end of 2021[37]. - Basic earnings per share rose by 12.5% to ¥0.72, while diluted earnings per share also increased by the same percentage[37]. - The cash flow from operating activities decreased by 20.38% to ¥264,941,463.97, primarily due to increased inventory levels in response to global semiconductor shortages[41]. Research and Development - The company is investing 100 million CNY in R&D for new technologies, focusing on OLED and micro-OLED advancements[23]. - Research and development expenses accounted for 17.46% of operating revenue, up from 15.06% in 2020, indicating a focus on innovation[37]. - The company applied for a total of 339 intellectual property rights in 2021, with 292 newly approved, indicating significant research achievements[158]. - The R&D team has grown to 827 personnel, representing 39.01% of the total workforce, with an increase in average salary for R&D personnel to 29.65万元 from 27.62万元[185]. - The company has developed a modular and standardized hardware testing platform for vehicle body controllers, capable of simulating various load combinations and driving signals for new energy vehicles[157]. Market Expansion and Strategy - The company is expanding its market presence, targeting an increase in market share by 10% in the Asia-Pacific region over the next year[23]. - The company has established a domestic sales team to actively explore high-quality domestic customers in the new energy vehicle sector, receiving recognition from relevant clients by the end of the reporting period[123]. - The company aims to expand its market share in domestic semiconductor testing equipment by providing comprehensive testing solutions with competitive pricing[21]. - The company has established stable partnerships with leading flat panel manufacturers such as Samsung, Sharp, LG, BOE, and JDI, ensuring high-quality and efficient product delivery[194]. - The company has a comprehensive product layout across four major business divisions, supported by a rich customer base and strong technical reserves[193]. Product Development and Innovation - New product development includes the launch of a next-generation display technology, expected to enhance performance by 30% over current models[23]. - The company has developed a second-generation SOC testing machine that enhances performance and adds multiple mixed-signal boards, meeting the needs of high-end MCU and complex SOC chip testing[120]. - The company has developed a comprehensive FCT/EOL testing system for new energy vehicle controllers, which meets most testing requirements in the new energy vehicle sector[90]. - The company has developed a high-precision, high-density isolated source measurement unit technology based on the PXIe platform, achieving international leading levels in accuracy and isolation channel count[21]. - The company has developed a complete Mura compensation technology for flexible OLED displays, achieving a Mura rate of less than 3% and a compensation pass rate of around 98%[139]. Risks and Challenges - The company has outlined potential risks in its management discussion, urging investors to pay attention to these factors[5]. - The company emphasizes the uncertainty of forward-looking statements regarding future plans and strategies, highlighting investment risks[8]. - The company has faced risks related to high customer concentration and potential impacts on revenue if major clients' operational conditions deteriorate[200]. - The company has maintained a low asset-liability ratio while achieving steady growth in asset scale[54]. - The company has successfully reduced production costs by 15% through improved manufacturing processes and supply chain optimization[23]. Technology and Equipment - The company has developed a micro-crack detection device based on deep learning, capable of detecting 0.5-micron level micro-cracks and rainbow patterns during laser cutting[66]. - The company has developed a wireless Bluetooth headset airtightness testing device, which is expected to reduce labor costs and improve production efficiency[24]. - The company has developed a high-speed touch screen matrix capacitive testing technology, supporting up to 160 touch channels, filling a gap in domestic touch screen testing capabilities[8]. - The company has developed a non-standard EDP high-speed communication protocol technology with a bandwidth of 8.1 Gbps, meeting various customer requirements and achieving industry-leading status[4]. - The company has developed a multi-level POGO to Bladepin signal transmission technology, addressing the high-speed signal transmission needs for TFTLCD/OLED/MicroOLED products[152].