IECHO(SH:688092)2022-04-11 16:00Financial Performance - The proposed cash dividend for 2021 is CNY 2.70 per 10 shares, totaling CNY 15,972,765.84, which accounts for 30.01% of the net profit attributable to shareholders [5]. - The company's operating revenue for 2021 was CNY 318,828,666.89, representing a year-on-year increase of 43.25% [20]. - The net profit attributable to shareholders for 2021 was CNY 53,224,773.63, an increase of 8.86% compared to the previous year [20]. - The company achieved a revenue of 319 million yuan, representing a year-on-year growth of 43.25% [35]. - The net profit attributable to shareholders was 53.22 million yuan, an increase of 8.86% year-on-year, while the net profit excluding non-recurring items was 46.22 million yuan, up 6.49% [35]. - The company reported a quarterly revenue of CNY 92,506,573.07 in Q4 2021, showing strong performance in the last quarter [25]. - The net profit attributable to shareholders in Q4 2021 was CNY 10,046,162.37, indicating a solid finish to the year [25]. - The company achieved a revenue of 1,600 million, with a net profit of 290.62 million, reflecting a significant increase in operational efficiency through digital management [85]. Assets and Liabilities - The total assets at the end of 2021 reached CNY 626,565,890.74, an increase of 86.91% year-on-year [21]. - The total share capital as of the end of the reporting period is 59,158,392 shares [5]. - Cash and cash equivalents increased by 277.04% to ¥214,490,470.47, representing 34.23% of total assets compared to 16.97% in the previous period [133]. - Trading financial assets reached ¥99,495,373.70, accounting for 15.88% of total assets, a 100.16% increase from ¥49,707,788.32 in the previous period [134]. - Inventory increased by 74.23% to ¥101,435,578.78, now representing 16.19% of total assets, compared to 17.37% previously [134]. - Long-term prepaid expenses surged by 440.88% to ¥7,878,930.50, reflecting increased expenses for renovations and sample amortization [134]. - The company reported a net cash flow from financing activities of CNY 220.06 million, primarily from the proceeds of its initial public offering [112]. Research and Development - The R&D expenditure as a percentage of operating revenue was 8.48%, a decrease of 0.53 percentage points compared to 2020 [21]. - R&D investment reached 27.04 million yuan, accounting for 8.48% of revenue, which is a 34.88% increase compared to the previous period [36]. - The company continues to invest in R&D for machine vision technology and CAD/CAM applications to improve leather cutting efficiency and market share [39]. - The company has developed dynamic knife intelligent technology, allowing real-time tracking and compensation for tool deformation, increasing cutting thickness capabilities [39]. - The company has made significant advancements in cutting manufacturing technology, including automatic tool change and automatic tool alignment technologies, enhancing product functionality [74]. - The company is committed to improving the intelligence and automation levels of its equipment, focusing on the integration of motion control and image processing technologies [75]. Market Expansion and Strategy - The company plans to continue expanding its market presence and enhancing product offerings in response to global demand [22]. - The company is actively developing clients in the renewable energy and new materials sectors, anticipating significant growth potential in the composite materials market [38]. - The company aims for a revenue growth of no less than 35%, 65%, and 100% for the years 2021-2023 compared to 2020, as part of its equity incentive plan [43]. - The company has established a marketing network that significantly enhances brand influence and market penetration, with a focus on expanding the sales team and adopting a dealer model [40]. - The company is transitioning its sales model to increase the proportion of distributors in the domestic market to expand marketing scale and reduce sales costs [54]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities [170]. Risks and Challenges - The company has not reported any significant risks that could materially affect its operations during the reporting period [4]. - The company faces risks related to intellectual property infringement and potential loss of core technology [103]. - The company is exposed to raw material price fluctuations, which could impact operating costs [105]. - The company’s gross profit margin is at a high level, but there is a risk of decline due to increased competition and rising raw material prices [104]. - The company’s overseas sales revenue has been increasing, making it susceptible to exchange rate fluctuations [106]. Intellectual Property and Innovation - The company holds 30 authorized invention patents, with 6 new patents added during the reporting period [61]. - The company has applied for a total of 198 patents, with 130 granted, including 30 invention patents and 81 software copyrights [79]. - The company has established a comprehensive material knowledge base to optimize cutting tools and parameters, improving production efficiency for clients [90]. - The company emphasizes the importance of a high-quality talent team to support sustainable development and enhance technical capabilities [155]. - The company will focus on patent protection for core technologies to strengthen its technological barriers and ensure the leading position of its core technologies [154]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 447, with 233 in the parent company and 214 in subsidiaries [182]. - The company has a total of 69 incentive recipients under the stock incentive plan, with a grant price of 21.53 RMB per share [193]. - The company has implemented a talent development plan that includes various training programs to enhance employee skills and capabilities [184]. - The core technology personnel received a total compensation of 201.43 million RMB, highlighting the company's investment in talent [173]. - The total remuneration for all directors, supervisors, and senior management amounted to 331.96 million RMB, demonstrating the company's commitment to its leadership team [173]. Corporate Governance - The company held a total of 7 board meetings during the year, with 5 conducted in person and 2 combining in-person and communication methods [175]. - The audit committee convened 4 meetings, approving the annual report and ensuring compliance with regulations [177]. - The remuneration and assessment committee held 2 meetings, discussing the annual remuneration for directors and senior management personnel [179]. - The company has not faced any penalties from securities regulatory authorities in the past three years [175]. - The company has not reported any dissenting opinions from directors regarding company matters [176].