Actions(SH:688049)2022-04-24 16:00Financial Performance - The company reported a significant increase in revenue for the fiscal year 2021, reaching approximately $X million, representing a Y% growth compared to the previous year[12]. - The company's operating revenue for 2021 reached CNY 526.27 million, representing a year-on-year growth of 28.23%[20]. - The net profit attributable to shareholders for 2021 was CNY 83.95 million, an increase of 248.50% compared to the previous year[20]. - The net cash flow from operating activities increased by 391.44% year-on-year, amounting to CNY 86.19 million[20]. - The total assets as of December 31, 2021, grew by 269.30% year-on-year, reaching CNY 1.82 billion[21]. - The net assets attributable to shareholders increased by 310.39% year-on-year, totaling CNY 1.71 billion[21]. - Basic earnings per share for 2021 were CNY 0.89, up 242.31% from the previous year[22]. - The gross profit margin for the main business increased to 44.01%, up by 6.15 percentage points compared to the previous year[106]. - The company reported a significant increase in sales from domestic markets, with domestic revenue rising by 87.27% year-on-year[108]. Research and Development - The company is investing in R&D for next-generation SoC (System on Chip) technology, aiming to enhance product performance and reduce power consumption[12]. - The company’s R&D expenditure accounted for 24.95% of operating revenue, a decrease of 3.53 percentage points from the previous year[22]. - The total R&D expenditure for the year was 131.33 million RMB, representing a 12.37% increase from the previous year[75]. - The company has developed a series of proprietary core technologies that enhance product competitiveness, including low-power audio ADC/DAC technology and high-performance Bluetooth communication technology[68]. - The company is focusing on developing advanced low-power Bluetooth communication technologies and has several projects in the R&D phase, including the second-generation Bluetooth wearable chip[77]. - The R&D department is actively working on new technologies, with an investment of $I million allocated for the development of J products[150]. Market Expansion and Product Development - Market expansion efforts are underway, with plans to enter D new international markets by the end of 2022[12]. - New product launches included the introduction of advanced TWS (True Wireless Stereo) devices, which are expected to capture a larger market share in the audio segment[12]. - The company is actively expanding into the smart wearable market with the release of the ATS308X smartwatch chip in December 2021[38]. - The company is focusing on market expansion, targeting E new regions, which could potentially increase market share by F%[149]. - Recent acquisitions have strengthened the company's portfolio, with the integration of G company expected to contribute an additional $H million in revenue[148]. Corporate Governance - The board of directors and supervisory board members have confirmed their attendance at the board meeting, ensuring governance and oversight[4]. - The company has established a governance framework that includes a board of directors, supervisory board, and management team, ensuring effective operation in compliance with relevant laws and regulations[142]. - The company has not disclosed any special arrangements for corporate governance, suggesting a standard governance structure[7]. - The company has established a good information disclosure system and emphasizes fulfilling its social responsibilities[140]. - The company has not faced any penalties from securities regulatory authorities in the past three years[158]. Risk Management - The company has outlined various risks in its operations and has provided measures to address these risks, emphasizing the importance of investor awareness regarding investment risks[4]. - The company has a comprehensive risk management strategy in place, as detailed in the management discussion and analysis section of the report[4]. - The company faces risks related to raw material supply and outsourcing, as any significant price increases or supply shortages could adversely affect profitability and product delivery[92]. - The ongoing COVID-19 pandemic continues to pose risks to the global semiconductor supply chain, potentially impacting the company's operations and sales[103]. Intellectual Property - The company holds a total of 276 patents globally, including 214 invention patents in mainland China, showcasing its strong intellectual property portfolio[71]. - In 2021, the company applied for 63 domestic invention patents and received approval for 24, reflecting its commitment to innovation[71]. Employee Management - The total number of employees in the parent company is 217, and in major subsidiaries, it is 91, resulting in a total of 308 employees[168]. - The company has established a comprehensive salary management system considering national laws, industry characteristics, and actual operating conditions[170]. - The company provides various employee benefits, including social insurance, housing fund contributions, commuting buses, holiday gifts, annual health checks, meal subsidies, and birthday celebrations[170]. Financial Policies - The company plans not to distribute profits for the 2021 fiscal year, opting not to pay cash dividends or increase capital reserves, reflecting a focus on maintaining long-term shareholder interests during a period of rapid growth and significant capital needs[5]. - The cash dividend policy stipulates that at least 10% of the distributable profits must be allocated as cash dividends, with a cumulative minimum of 30% over any three consecutive years[174]. - The company’s cash dividend proposal must be approved by a two-thirds majority of the voting rights at the shareholders' meeting[177]. - The company’s retained undistributed profits at the end of 2021 will be rolled over to the next year for research and development purposes[179].