FJR(SH:688272)2022-04-19 16:00Financial Performance - The company achieved a net profit attributable to ordinary shareholders of RMB 76,443,601.71 for the year 2021, with a proposed cash dividend of RMB 1.01 per 10 shares, totaling RMB 7,676,000[6]. - The cash dividend represents 10.04% of the net profit attributable to shareholders for the year 2021[6]. - As of December 31, 2021, the company's distributable profits amounted to RMB 114,934,322.84[6]. - The company has not yet achieved profitability since its listing[4]. - The company's operating revenue for 2021 was CNY 317.93 million, a decrease of 2.87% compared to CNY 327.32 million in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 66.01 million, down 22.32% from CNY 84.97 million in 2020[21]. - The net cash flow from operating activities decreased by 283.57% to CNY -86.24 million, primarily due to slower sales collection and increased cash payments to employees[23]. - The company's total assets increased by 110.76% year-on-year, mainly due to net fundraising of CNY 369.84 million from the initial public offering[23]. - The basic earnings per share for 2021 was CNY 1.27, a decline of 20.63% from CNY 1.60 in 2020[23]. - The net assets attributable to shareholders increased by 192.07% to CNY 678.64 million at the end of 2021, primarily due to the capital reserve increase from the IPO[23]. - The weighted average return on equity decreased by 39.43 percentage points to 23.01% in 2021[23]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 12.09% in 2021, up from 10.12% in 2020[23]. - The company has a total of 281 employees, with 114 in R&D, accounting for approximately 40.57%[34]. - The company holds 63 valid patents, including 17 invention patents, 30 utility model patents, and 16 design patents[34]. - The company achieved a total R&D investment of ¥38,442,411.38 in 2021, representing a 16.06% increase from ¥33,121,810.75 in the previous year[85]. - R&D investment accounted for 12.09% of the company's operating revenue, up from 10.12% in the previous year, indicating a 1.97% increase[85]. - The company has developed advanced technologies in infrared thermal imaging, including automated testing and calibration techniques, improving production efficiency and product quality[80]. - The company has implemented automated processes in the production of infrared products, enhancing production efficiency and consistency[80]. - The company has developed advanced system solutions by integrating various technologies such as optics, mechanics, electronics, software, algorithms, and circuits for different types of detectors[109]. Market Strategy and Expansion - The company plans to continue expanding its market presence and investing in new technologies and products[23]. - The company plans to expand its market presence in military and civilian products across various sectors, including industrial temperature measurement and environmental protection[33]. - The company is actively pursuing market expansion through the development of new technologies and products tailored for various sectors, including security and industrial applications[5]. - The company aims to enhance its R&D capabilities and expand its business scale through strategic investments and partnerships[159]. - The future development strategy includes expanding product lines into solid-state micro-light, short-wave, ultraviolet, and visible light technologies[160]. - The company targets the military product market by aligning with the new developments in the 14th Five-Year Plan and fostering partnerships with major military groups[161]. - In the civilian product market, the company will focus on existing business chains and enhance technical R&D and market expansion efforts[162]. Governance and Compliance - The company held a total of 5 shareholder meetings in 2021, including 1 annual and 4 extraordinary meetings, all convened by the board of directors[171]. - The board of directors convened 12 meetings during the reporting period, consisting of 9 members, including 3 independent directors, complying with legal and regulatory requirements[166]. - The supervisory board held 7 meetings in 2021, with 3 supervisors, ensuring compliance with legal and regulatory standards[167]. - The company strictly adhered to information disclosure obligations, ensuring timely and accurate announcements throughout the reporting period[168]. - The company established a robust internal control system to enhance risk prevention capabilities and operational standards[168]. - There were no instances of the controlling shareholder interfering with company decisions or operations, maintaining independence[169]. - The company did not provide guarantees or financial assistance to the controlling shareholder or related parties, safeguarding shareholder interests[169]. - The board of directors focused on improving management capabilities and ensuring the scientific nature of investment decisions through various committees[167]. Financial Management - The company reported a significant increase in revenue from new customers in the North China, Northeast, Central China, South China, and Northwest regions[130]. - The company plans to continue expanding its product offerings and customer base to enhance revenue streams in the future[130]. - The gross profit margin for the main business increased from 49.20% in 2020 to 52.69% in 2021[124]. - The gross profit margin for infrared thermal imaging products was 52.69%, an increase of 3.49 percentage points from the previous year[128]. - The company faces risks related to accounts receivable and inventory management due to increased competition and market fluctuations[119]. - The company's total revenue for the year was 308,924,915.37, with a year-over-year decrease of 5.35% in direct sales revenue[131]. - The total cost of raw materials was 130,132,782.38, accounting for 89.04% of total costs, which decreased by 15.71% compared to the previous year[134]. Product Development and Innovation - The company has successfully developed a lightweight near-range non-cooled electro-optical system, achieving a domestic advanced level in performance[13]. - The company is developing a high-performance infrared and visible light fusion driving assistance system, which has shown promising results in adverse conditions[9]. - The company has achieved a significant milestone in the development of a ground monitoring system, with a focus on near-range security applications[100]. - The company has successfully created a non-cooled fusion core that can connect to various sensors, meeting complex scene requirements[102]. - The company has developed a multi-point temperature imaging compensation technology to correct non-uniformity in infrared detectors, enhancing image stability[77]. - The company has developed advanced technologies for high-performance rotating platforms and intelligent alarm systems within its optoelectronic products[47]. Employee Management and Development - The company has implemented a performance incentive system to attract and retain core talent, including project incentives and year-end performance bonuses[196]. - The company emphasizes employee training, combining online and offline methods to improve overall employee capabilities[197]. - The company has a diverse educational background among its employees, with 1 PhD, 38 master's degrees, and 146 bachelor's degrees[195]. - The average age of the directors and supervisors is approximately 50 years[175]. - The company has a total of 10 directors and supervisors listed, with no new appointments or departures during the reporting period[175]. Risk Management - The company has detailed various risks and countermeasures in its report, which investors should pay attention to[4]. - The company faces risks related to market competition, particularly due to its relatively short development history compared to industry leaders[116]. - The reliance on external procurement for core components like detectors may increase production costs by approximately 20-35% compared to self-sourcing[117]. - The company emphasizes the importance of maintaining its core technology and talent to avoid risks associated with technology leakage and personnel turnover[115].