Accotest(SH:688200)2022-02-25 16:00Financial Performance - The company achieved operating revenue of ¥878,269,295.84, representing a year-on-year growth of 120.96%[92]. - The net profit attributable to shareholders reached ¥438,773,193.33, an increase of 120.28% compared to the previous year[92]. - The net cash flow from operating activities was ¥354,442,445.26, a significant increase of 155.59% year-on-year, attributed to rapid sales growth and good collection of receivables[92]. - The company's total assets at the end of 2021 were approximately ¥2.91 billion, an increase of 28.40% from ¥2.27 billion at the end of 2020[28]. - The company reported a net asset attributable to shareholders of approximately ¥2.62 billion at the end of 2021, a 22.78% increase from ¥2.13 billion at the end of 2020[28]. - The company experienced significant growth in both revenue and net profit over the past three years, driven by industry opportunities and strong R&D capabilities[30]. - The company reported a significant increase in trading financial assets, with a change of ¥629,331,719.17 during the period, impacting profits negatively by ¥1,904,711.30[38]. - The company achieved a total revenue of RMB 323.59 million in the reporting period, a significant increase from RMB 94.04 million in the previous period[73]. Research and Development - The company has 133 employees engaged in R&D, accounting for 34.28% of the total workforce, highlighting the importance of retaining technical talent[88]. - The company increased R&D investment and established a joint laboratory with Tianjin University, aiming to cultivate more talent in the integrated circuit field[42]. - The company has developed 11 core technologies, including PerPINV/I source technology and high-precision V/I source clamp control technology, which are crucial for maintaining its competitive edge[81]. - Research and development expenses amounted to ¥94,044,119.58, reflecting a 59.03% increase year-on-year, driven by ongoing R&D investments and new product development[92]. - The company has received recognition as a national-level "specialized, refined, distinctive, and innovative" enterprise, enhancing its competitive position[64]. - The company is focusing on developing high-speed, high-precision, and highly integrated semiconductor testing equipment to meet the increasing complexity of semiconductor products[64]. Corporate Governance - The company has no special arrangements for corporate governance, ensuring standard operational practices[12]. - The company has established a governance structure compliant with relevant laws and regulations, ensuring proper operation of its shareholder meetings and board of directors[145]. - The company’s board of directors includes independent directors who actively participated in all meetings[178]. - The company has implemented a system for evaluating and adjusting the remuneration of its directors and senior management based on performance[175]. - The company’s audit committee has diligently reviewed and approved all proposals in accordance with legal and regulatory requirements[182]. - The company has not faced any penalties from securities regulatory agencies in the past three years[174]. Market Position and Strategy - The company has become the largest domestic supplier of semiconductor testing systems, providing equipment to well-known chip design companies and foundries[48]. - The company is recognized as a leading domestic supplier in the semiconductor automated testing equipment sector, effectively replacing imports with its own technology[77]. - The company aims to solidify its domestic market while expanding overseas, focusing on increasing market share in regions such as Europe, Southeast Asia, and the United States[135]. - The company plans to expand into international markets and accelerate product development in new application areas[84]. - The company is actively exploring the power device testing market, driven by the increasing demand for IGBT, GaN, and SiC applications in the rapidly growing photovoltaic and new energy sectors[137]. Employee and Compensation - The total pre-tax compensation for the chairman, Sun Qiang, was CNY 242.23 million for the reporting period[155]. - The total pre-tax compensation for the general manager, Cai Lin, was CNY 437.56 million for the reporting period[155]. - The total pre-tax compensation for the deputy general manager, Xu Jieshuang, was CNY 779.23 million for the reporting period[155]. - The company has established a comprehensive training program to enhance employee skills and overall quality[190]. - The company’s remuneration policy is based on market conditions, regional differences, and industry characteristics, ensuring a scientific and reasonable approach[189]. Future Outlook - The company plans to distribute a cash dividend of RMB 21.5 per 10 shares, totaling RMB 131,856,821.1 (including tax) for the 2021 fiscal year[194]. - The company plans to achieve a production capacity of 200 sets of SoC integrated circuit automated testing systems, entering a market currently dominated by international leaders[89]. - Future plans include seeking suitable industry targets for investment and acquisitions, leveraging capital markets for financing while minimizing risks through thorough due diligence[143]. - The company will focus on talent acquisition and development, establishing a robust talent management system to build a high-quality workforce[142]. - The company plans to enhance its online sales channels, aiming for a 30% increase in e-commerce revenue by the next quarter[167].