SIGLENT(SH:688112)2022-03-22 16:00Financial Performance - The proposed cash dividend for 2021 is CNY 4.6875 per 10 shares, totaling CNY 50,000,015.63, which accounts for 61.68% of the net profit attributable to shareholders[4]. - The company has not achieved profitability since its listing[4]. - The company's operating revenue for 2021 was ¥303,823,156.30, representing a 37.60% increase compared to ¥220,800,332.75 in 2020[22]. - Net profit attributable to shareholders reached ¥81,058,482.42, a 50.92% increase from ¥53,710,513.67 in the previous year[22]. - The basic earnings per share (EPS) for 2021 was ¥0.99, up 47.76% from ¥0.67 in 2020[23]. - The total assets at the end of 2021 amounted to ¥1,469,728,259.37, a significant increase of 585.74% compared to ¥214,328,774.04 in 2020[22]. - The company's net assets attributable to shareholders increased to ¥1,391,359,445.45, reflecting a 768.43% growth from ¥160,215,131.17 in 2020[22]. - The cash flow from operating activities showed a net decrease of 33.79%, totaling ¥36,563,840.34 compared to ¥55,219,917.79 in 2020[22]. - The company achieved a revenue of 303.82 million yuan in 2021, representing a year-on-year growth of 37.60%[32]. - Net profit attributable to the parent company was 81.06 million yuan, with a year-on-year increase of 50.92%[32]. - The gross margin for the main business was 56.86%, slightly down by 0.32 percentage points compared to the previous year, primarily due to rising raw material prices[100]. - The company enjoyed tax benefits amounting to CNY 12.20 million, accounting for 13.49% of the total profit during the reporting period[92]. - The company faced risks from rising raw material prices and tight chip supply, which extended delivery times and impacted overall revenue[91]. - The company reported a foreign exchange loss of CNY 4.98 million due to fluctuations in the RMB against USD and EUR, affecting operational performance[93]. Research and Development - The company is investing in R&D to develop next-generation high-speed ADC chips, which are expected to significantly enhance product capabilities[11]. - Research and development (R&D) expenses accounted for 12.60% of operating revenue, a slight decrease from 13.08% in 2020[23]. - The company emphasized innovation and R&D as core drivers of growth, enhancing its product offerings and brand influence[24]. - The company has developed advanced digital signal processing technologies, enhancing product functionality and expanding application fields significantly[69]. - The company has developed a modular design for its software platform, allowing for independent upgrades and performance enhancements, which increases product flexibility and market responsiveness[61]. - The company has initiated the development of high-end digital oscilloscope front-end 4GHz amplifier chips and 10GSa/s sampling rate high-speed ADC chips, aiming to enhance its core proprietary chip capabilities[62]. - The company has developed a series of core technologies including "high bandwidth low noise oscilloscope technology" and "real-time spectrum analysis technology," resulting in a total of 208 patents, of which 135 are invention patents[83]. - The company applied for a total of 50 domestic patents during the reporting period, including 37 invention patents, and received 62 new authorized patents, of which 50 were invention patents[185]. - The company holds 208 patents, including 135 invention patents, and has undertaken 11 R&D and industrialization projects supported by national and local government[64]. Product Development and Innovation - The company reported significant improvements in its product specifications, including higher sampling rates and increased ADC resolution, enhancing signal accuracy and performance[11]. - The introduction of new digital triggering algorithms has improved triggering stability and frequency response, addressing issues related to signal integrity[12]. - The company is focusing on expanding its product line with advanced features such as real-time analysis bandwidth and enhanced dynamic range, which broadens application scenarios[11]. - Future product developments will include advanced algorithms for signal processing and modulation, aimed at improving measurement accuracy and efficiency[12]. - The company launched new high-end products, including a 2GHz bandwidth 12-bit digital oscilloscope, filling a domestic market gap[43]. - The company is the only domestic competitor with all four major product lines entering the high-end market[42]. - The company has launched high-end products such as a 2GHz bandwidth 10-bit/12-bit high-resolution digital oscilloscope and a 26.5GHz high-end vector network analyzer, with sales increasing year-on-year[84]. - The company is currently developing a high-end RF microwave signal generator with an output frequency of 40GHz, with plans for next-generation spectrum analyzers and vector network analyzers reaching 40GHz and 67GHz respectively[128]. - The company plans to enhance its product offerings by developing high-end digital oscilloscopes with bandwidths of 4GHz, 8GHz, and 16GHz, aiming for future products with bandwidths of 30-60GHz[127]. Market Strategy and Expansion - The company aims to enhance its market presence through strategic partnerships and potential acquisitions to drive growth in the technology sector[15]. - The company plans to leverage its expertise in circuit modularization to shorten product development cycles and improve reliability[12]. - The company is focused on increasing its global market share and brand influence through improved marketing channels and product promotion strategies[124]. - The company plans to expand its product offerings and improve management of distributors to enhance service quality and brand promotion[91]. - The company aims to strengthen its market presence in Europe and the US by launching new products and enhancing after-sales services, while also increasing efforts in the domestic market, particularly in industrial regions[129]. - The company is considering strategic acquisitions to enhance its market position, with a budget of RMB 200 million allocated for potential deals[143]. - The company has established a comprehensive procurement system, utilizing a "production-based procurement" model to ensure supply chain efficiency and meet operational needs[51]. - The company primarily adopts a distribution-based sales model, supplemented by direct sales, particularly in North America and domestically, while focusing on distribution in Europe and other regions[50]. Corporate Governance and Compliance - There are no significant risks or non-operational fund occupation by controlling shareholders[5]. - The audit report for the financial statements was issued without reservations by the accounting firm[6]. - The company has confirmed that all board members attended the board meeting[6]. - The financial report is guaranteed to be true, accurate, and complete by the responsible executives[6]. - The company has not faced any penalties from securities regulatory authorities in the past three years[146]. - The company has established a detailed and comprehensive information disclosure system to ensure timely and accurate information release[184]. - The company emphasizes ESG as a critical component of its operations, integrating social responsibility into its long-term development strategy[166]. - The company has implemented a talent strategy focusing on elite personnel, with a compensation management system designed to attract and retain talent[158]. - The company has established a long-term cooperation with third-party intellectual property institutions to ensure the standardization of its intellectual property system[185]. Employee and Community Engagement - The company conducted regular health checks for employees and provided free protective materials during the pandemic, achieving a zero infection rate among employees[182]. - The company has set up an investor relations section on its official website to enhance communication with investors[183]. - The company actively engages in community support and charity activities, contributing to social responsibility initiatives[176]. - The company donated 120,000 RMB to support educational initiatives, enhancing the quality of higher education in electrical and electronic engineering[174]. - Employee stock ownership includes 68 employees, representing 23.21% of the total workforce, with 1,178,000 shares held, accounting for 11.04% of total share capital[179]. Risk Management - The company faced risks from rising raw material prices and tight chip supply, which extended delivery times and impacted overall revenue[91]. - The company reported a foreign exchange loss of CNY 4.98 million due to fluctuations in the RMB against USD and EUR, affecting operational performance[93]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[171]. - The company has not reported any greenhouse gas emissions or resource consumption data as applicable during the reporting period[172]. Shareholder Relations - The company has a share lock-up period of 36 months from the date of listing for pre-IPO shareholders, with an additional 4-year lock-up for certain shareholders after the initial period[193]. - The company has committed to measures for stabilizing stock prices for a period of 3 years from the date of listing[194]. - The company has a long-term commitment to share buybacks and compensation for losses, ensuring shareholder interests are protected[194]. - The company has outlined a profit distribution policy that is effective long-term, ensuring consistent returns to shareholders[195]. - The company has made commitments to avoid related party transactions that could harm its independence and shareholder interests[197].