Forecam(SH:688010)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was CNY 674.64 million, an increase of 14.82% compared to CNY 587.55 million in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 45.04 million, a decrease of 11.72% from CNY 51.02 million in 2020[23]. - The net profit after deducting non-recurring gains and losses was CNY 17.53 million, down 53.99% from CNY 38.10 million in 2020[23]. - The net cash flow from operating activities decreased by 65.10% to CNY 28.97 million, compared to CNY 83.01 million in 2020[23]. - The total assets at the end of 2021 were CNY 2.69 billion, an increase of 15.16% from CNY 2.34 billion at the end of 2020[23]. - The basic earnings per share for 2021 were CNY 0.2958, a decrease of 10.96% from CNY 0.3322 in 2020[24]. - The company's operating costs rose to 497,624,609.89 RMB, reflecting a 14.95% increase compared to the previous year[88]. - The company reported a significant increase in financial expenses, up 137.90% to 17,642,427.11 RMB, mainly due to higher interest expenses[88]. - The company achieved a net profit attributable to shareholders of RMB 45,038,764.38 for the year 2021, with a distributable profit of RMB 294,547,641.33 at year-end[164]. Dividend and Share Repurchase - The company plans to distribute a cash dividend of RMB 0.90 per 10 shares, totaling RMB 13,624,125.93, which accounts for 30.25% of the net profit attributable to shareholders for the year 2021[5]. - The company has repurchased a total of 2,120,066 shares, with a total expenditure of 57.503 million yuan as of December 31, 2021[42]. - The cash dividend amount for 2021, including the repurchase of shares, accounts for 157.92% of the net profit attributable to shareholders[167]. Research and Development - The R&D expenditure as a percentage of operating revenue was 7.78%, down 0.4 percentage points from 8.18% in 2020[24]. - R&D investment reached 52.50 million yuan, accounting for 7.78% of operating revenue, marking a historical high[36][37]. - Total R&D investment reached ¥52,504,092.82, an increase of 9.21% compared to the previous year, while the ratio of R&D investment to operating income decreased by 0.4 percentage points to 7.78%[66]. - The company has 256 R&D personnel, representing 12.80% of the total workforce, with an average salary of ¥135,062.85[77]. - The company is focusing on technology innovation to maintain its competitive edge in the optical industry[78]. Operational Risks and Management - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for providing guarantees[8]. - The company has not experienced any situation where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report[8]. - The company faces risks related to reliance on core technical personnel, which could impact its competitive edge if key staff were to leave[82]. - Future expansion plans may lead to increased operational management challenges as the company scales up its production and R&D capabilities[83]. Market and Product Development - The company expanded its overseas market presence, contributing to a historical high in revenue[37]. - The company is focusing on high-resolution, large zoom, ultra-wide-angle, and miniaturized lens development to further expand downstream market space[52]. - The company is actively integrating customized product technology into non-customized products, contributing to the domestic substitution of imported lenses in the security monitoring field[50]. - The company is in the industrialization promotion stage for its AI intelligent control integrated starlight-level camera lens project, with a total investment of ¥5,500,000[68]. - The company is advancing the development of a large-field ground-based telescope, with a total investment of ¥2,800,000, currently in the industrialization promotion stage[68]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure, ensuring clear responsibilities and coordination among various governance bodies[130]. - The company strictly adheres to information disclosure obligations, providing timely and accurate information to all shareholders and investors[130]. - The company has received several honors, including the "China Quality Award Nomination" and recognition as a "Manufacturing Industry Champion Product" for its ultra-high-definition monitoring lens[41]. - The company has established a robust internal control system for managing subsidiaries, ensuring effective decision-making and risk prevention[171]. - The company has not faced any significant issues regarding independence from its controlling shareholders or related party transactions[131]. Employee Engagement and Training - The company emphasizes employee training and capability enhancement, establishing a new employee training and job level system to improve overall employee performance[125]. - The company has implemented a stock incentive mechanism to align employee and company value, promoting high-quality development[125]. - The company has conducted various employee activities to strengthen corporate culture and enhance employee cohesion[126]. - The company has established partnerships with various universities and research institutions to enhance its innovation capabilities[78]. Environmental and Social Responsibility - The company emphasizes the importance of ESG work, integrating it into daily operations while focusing on environmental protection, employee rights, and shareholder interests[174]. - The company has implemented strict environmental management practices, ensuring compliance with national regulations and avoiding any administrative penalties related to environmental issues[178]. - The company has made significant contributions to social responsibility, including a donation of 200,000 RMB to a charity foundation in January 2021[182]. - The company has actively promoted a culture of environmental awareness among employees, advocating for energy conservation and low-carbon living[174].