KSW-TECH(SH:688283)2022-04-19 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% growth compared to the previous year[160]. - The company's operating revenue for 2021 was ¥162,893,306.71, representing a year-on-year increase of 25.12% compared to ¥130,188,704.20 in 2020[23]. - Net profit reached CNY 50,715,980.56, an increase of 13.03% compared to the previous year[34]. - The net cash flow from operating activities decreased by 20.20% to ¥18,480,886.79, down from ¥23,158,068.24 in the previous year[26]. - The company's total assets increased by 29.27% to ¥261,256,490.56 at the end of 2021, compared to ¥202,106,722.51 at the end of 2020[23]. - The gross margin improved to 45%, up from 40% in the previous year, indicating better cost management and pricing strategies[161]. - The company reported a total revenue of 39,040,000.00 RMB, with a net profit of 22,992,056.24 RMB for the year 2021[90]. Dividend Policy - The company plans to distribute a cash dividend of 0.62 RMB per 10 shares, totaling 5.208 million RMB, which represents 10.27% of the net profit attributable to shareholders for the year 2021[6]. - The company has established a cash dividend policy prioritizing cash dividends over stock dividends, aiming for stable and continuous profit distribution[181]. - The company will implement a differentiated cash dividend policy, with a minimum of 10% of distributable profits allocated for cash dividends in the next three years[183]. - In the mature stage without significant capital expenditure, cash dividends should account for at least 80% of the profit distribution; if there are significant expenditures, this should be at least 40%[183]. - The company did not conduct profit distribution for the year 2020, nor did it increase capital reserves[184]. Research and Development - The company is investing heavily in R&D, with a budget increase of 40% aimed at developing next-generation communication technologies[12]. - The company’s R&D expenditure as a percentage of operating revenue was 11.64%, a slight decrease of 0.53 percentage points from 12.17% in 2020[24]. - The company invested CNY 18.96 million in R&D during the reporting period, representing a year-on-year increase of 19.61% and accounting for 11.64% of total revenue[79]. - The number of R&D personnel increased to 54, accounting for 54.00% of the total workforce, with total R&D compensation reaching 2,020.73 million RMB[93]. - The company has developed advanced technologies in high-end radio testing and simulation, achieving competitive performance metrics comparable to international products[94]. Market Expansion and Strategy - The company is actively pursuing market expansion strategies, targeting emerging markets in Asia and Africa, which are projected to grow at a rate of 15% annually[13]. - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 20% due to anticipated demand for new products and market expansion efforts[14]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[161]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's R&D capabilities and is expected to close by Q3 2022[162]. - The company is exploring market expansion opportunities, targeting new geographic regions to increase its market share[157]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not experienced any violations of decision-making procedures regarding external guarantees[8]. - The company has not disclosed any special arrangements for corporate governance[8]. - The company has maintained independence from its controlling shareholders in terms of business operations and financial activities[150]. - The company’s governance practices align with the relevant laws and regulations, ensuring the protection of shareholder rights[150]. Environmental Responsibility - The company is committed to environmental responsibility, promoting low-carbon and green development practices throughout its operations[190]. - The company does not fall under the category of key pollutant discharge units as per environmental protection department announcements[192]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[193]. - The company focuses on resource efficiency, primarily consuming electricity and water in its operations, with stable supply sources[196]. - The company has implemented environmental protection measures in compliance with various Chinese environmental laws, demonstrating a commitment to ecological responsibility[198]. Product Development and Innovation - New product developments include advancements in Massive MIMO technology, which are expected to enhance wireless communication capabilities significantly[12]. - The company is focusing on the development of high-specification, platform-based, and modular testing instruments to meet the evolving needs of different radio systems[69]. - The company is developing a modular product based on the HBI bus architecture, which enhances data transmission efficiency and supports various specifications[88]. - The company has developed real-time signal processing technologies that enhance product performance, maintaining strong competitiveness in 2GHz signal bandwidth applications[78]. - The company is focused on developing new products and technologies based on emerging market needs, ensuring continued technological leadership[97].