OPTOWIDE(SH:688195)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was ¥302,749,827.78, representing a 12.44% increase from ¥269,250,053.18 in 2020[19]. - The net profit attributable to shareholders decreased by 26.25% to ¥52,281,792.82 in 2021 from ¥70,891,288.82 in 2020[19]. - The net profit after deducting non-recurring gains and losses fell by 33.50% to ¥39,335,293.94 in 2021[19]. - The net cash flow from operating activities increased by 82.64% to ¥75,484,154.52 in 2021[19]. - The total assets at the end of 2021 were ¥1,009,302,337.06, a 58.79% increase from ¥635,612,577.31 at the end of 2020[19]. - The net assets attributable to shareholders increased by 101.71% to ¥836,845,042.92 at the end of 2021[19]. - Basic earnings per share decreased by 41.10% to ¥0.43 in 2021 from ¥0.73 in 2020[20]. - The gross profit margin for the optical electronic components manufacturing sector decreased by 9.62 percentage points to 32.90%[115]. - The company reported a total revenue of 9,830 million RMB, with a net profit of 2,479.60 million RMB for the year 2021[92]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.25 RMB per 10 shares, totaling approximately 16,168,750 RMB, which represents 30.93% of the net profit attributable to shareholders for 2021[5]. - The company does not plan to increase capital reserves or issue bonus shares in the current profit distribution proposal[5]. - The company plans to distribute a cash dividend of 1.70 RMB per 10 shares, totaling 21,989,500 RMB, which accounts for 31.02% of the net profit attributable to shareholders for the year 2020[174]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 8.19% in 2021 from 7.42% in 2020[20]. - The total R&D investment for the year reached ¥24,795,977.73, an increase of 24.15% compared to ¥19,973,076.61 in the previous year[85]. - The company holds a total of 73 patents, including 7 invention patents and 66 utility model patents, as of December 31, 2021[83]. - The company has developed a series of customized precision optical components and fiber optic devices, achieving import substitution for several products, including CWDM filters and optical components for WSS modules[97]. - The company has a strong R&D team with expertise from prestigious institutions, ensuring continuous innovation and maintaining a leading position in the industry[98]. Operational Efficiency and Management - The company’s cash flow from operating activities showed significant improvement, indicating better operational efficiency[19]. - The company has implemented investment projects leading to increased personnel and equipment costs, contributing to overall cost growth[119]. - The company has established a comprehensive salary management system that includes performance-based bonuses and various incentive policies to enhance employee motivation and retention[171]. - The production management strategy includes implementing "three modernizations and one stability" to improve production efficiency and reduce human errors[139]. - The company has achieved cost advantages through vertical integration, allowing for large-scale, low-cost supply in certain product areas, such as CWDM filters, which improve production efficiency and reduce costs compared to competitors[100]. Market Position and Growth Strategy - The company successfully completed its IPO on the Sci-Tech Innovation Board, raising CNY 440 million by issuing 32.35 million shares at CNY 13.60 per share[29]. - The company plans to enhance its strategic layout and accelerate development following its listing[29]. - The company aims to expand its market presence in consumer optics, targeting breakthroughs in automotive optics and AR sectors[138]. - The company is actively pursuing mergers and acquisitions to enhance its competitive position in the market[152]. - The company has established partnerships with major clients in the optical communication sector, including Lumentum and Huawei, enhancing its market position[99]. Risks and Challenges - The company faces risks related to technological innovation, including the potential inability to keep pace with industry advancements, which could weaken its competitive edge and market influence[102]. - There is a risk of core technology leakage, which could adversely affect the company's brand image and competitive position if proprietary technologies are compromised[102]. - The company operates in a highly competitive environment, with increasing competition in optical components, necessitating continuous technological upgrades to maintain product competitiveness[107]. - The company is exposed to financial risks, including increased fixed costs from self-built facilities and potential impacts from changes in tax policies affecting its net profit[106]. - The company faces risks related to supply chain disruptions, exacerbated by the COVID-19 pandemic and geopolitical tensions, which could affect production and costs[105]. Corporate Governance - The company has confirmed that all board members were present at the board meeting, ensuring governance compliance[5]. - The company has not reported any instances where more than half of the board members could not guarantee the authenticity and completeness of the annual report[7]. - The company has established various specialized committees to enhance governance and oversight[164]. - The company is committed to strict compliance with the Company Law and regulatory rules during its meetings[165]. - The board of directors actively participates in ESG management, ensuring resources are allocated for effective ESG implementation[179]. Environmental and Social Responsibility - The company has established a greenhouse gas emission management system and sets quarterly targets for emission reduction[182]. - The company has implemented a water recycling system, increasing the reuse rate of water resources and reducing daily water consumption[183]. - The company donated 300,000 yuan to support poverty alleviation efforts in Ningxia in October 2021[190]. - The company focuses on energy conservation and has reduced paper usage by nearly one million sheets through digital office practices[186]. - The company emphasizes employee welfare, providing regular health check-ups and a comfortable working environment[193].