Novoray(SH:688300)2022-03-30 16:00Financial Performance - The company's operating revenue for 2021 was RMB 624,709,594.77, representing a 54.55% increase compared to RMB 404,203,405.80 in 2020[31]. - The net profit attributable to shareholders for 2021 was RMB 172,867,734.23, a 55.85% increase from RMB 110,916,230.53 in 2020[31]. - The net profit after deducting non-recurring gains and losses was RMB 155,616,626.54, which is a 68.85% increase compared to RMB 92,160,891.70 in 2020[31]. - The net cash flow from operating activities for 2021 was RMB 153,423,336.87, up 71.07% from RMB 89,686,223.95 in 2020[31]. - The total assets at the end of 2021 were RMB 1,304,902,145.97, a 19.43% increase from RMB 1,092,568,726.58 at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were RMB 1,093,709,453.42, reflecting a 13.46% increase from RMB 963,947,587.70 at the end of 2020[31]. - The basic earnings per share for 2021 were RMB 2.01, a 55.81% increase from RMB 1.29 in 2020[32]. - The diluted earnings per share for 2021 were also RMB 2.01, marking a 55.81% increase from RMB 1.29 in 2020[32]. - The basic earnings per share (EPS) after deducting non-recurring gains and losses increased by 69.16% to CNY 1.81 compared to CNY 1.07 in the previous period[35]. - The weighted average return on equity (ROE) rose by 4.89 percentage points to 16.86% from 11.97% in the previous period[35]. Research and Development - Research and development investment reached 35.06 million yuan, a 77.19% increase year-on-year, accounting for 5.61% of operating revenue[46]. - The company has increased its R&D investment by 77.19% year-on-year, totaling approximately ¥35.06 million, which represents 5.61% of its operating revenue[79]. - The number of R&D personnel increased to 54, representing 11.44% of the total workforce, up from 10.68% in the previous period[94]. - The company has developed advanced spherical aluminum oxide products with high α-phase content and flowability, targeting high-end chip packaging applications[90]. - The company is focusing on the development of new functional fillers and technologies to capture opportunities in downstream markets such as copper-clad laminates, chip packaging materials, and thermal interface materials[152]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[6]. - The company has not reported any instances where more than half of the directors could not guarantee the authenticity, accuracy, and completeness of the annual report[12]. - The company has not faced any violations of decision-making procedures regarding external guarantees[12]. - The company has not disclosed any special arrangements for corporate governance or other important matters[9]. - The company’s governance structure was confirmed to be compliant with relevant laws and regulations[161]. Market and Sales - The company has established a strong brand influence in the semiconductor packaging materials, copper-clad laminates, thermal interface materials, adhesives, advanced insulation products, and other fields, with significant sales to leading clients such as Samsung and Panasonic[54]. - The global semiconductor packaging market is projected to grow from $67.7 billion in 2020 to approximately $77.7 billion in 2021, with advanced packaging expected to account for 45% of the total market[59]. - The company has a dual-market strategy focusing on both domestic and international markets, particularly expanding capacity in Northeast Asia[54]. - The company is strategically positioning itself to take advantage of the restructuring trends in the global semiconductor and related industries, with plans to expand its market presence in Europe, North America, and Asia[152]. Risk Management - The company faces risks related to market competition, raw material price fluctuations, and potential loss of core technical personnel, which could impact ongoing R&D capabilities[107][108]. - The company is exposed to foreign exchange risks due to overseas sales and procurement, which could affect financial performance if not managed properly[109]. - The company has not faced any penalties from securities regulatory agencies in the past three years[179]. Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[172]. - The company expects a revenue growth of 15% for the next fiscal year, projecting total revenue to reach approximately 1.725 billion CNY[172]. - The company has set a future outlook with a revenue guidance of 35.68% growth for the next fiscal year, indicating strong market confidence[167]. - The company is planning market expansion strategies, targeting new geographical regions to increase market share[167]. Employee and Management - The total number of employees at the parent company is 409, with a combined total of 472 employees including major subsidiaries[188]. - The company emphasizes internal employee training and development, offering various training programs to enhance overall quality and innovation[193]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 6.4022 million RMB[178]. - The total remuneration for core technical personnel at the end of the reporting period was 4.7063 million RMB[178]. Dividend and Profit Distribution - The proposed profit distribution plan for 2021 includes a cash dividend of RMB 6.08 per 10 shares, totaling RMB 52.2718 million, which accounts for 30.24% of the net profit attributable to shareholders[8]. - The company plans to distribute a cash dividend of RMB 6.08 per 10 shares, totaling RMB 52.2718 million, which accounts for 30.24% of the net profit attributable to shareholders for the year 2021[195].