S-KING(SH:688328)2022-04-29 16:00Financial Performance - The company plans to distribute a cash dividend of 2.10 yuan (including tax) for every 10 shares, totaling 17,018,400 yuan, which accounts for 30.53% of the net profit attributable to ordinary shareholders in the consolidated financial statements[6]. - The company has not yet achieved profitability since its listing[4]. - The company's operating revenue for 2021 reached ¥910,920,747.11, representing a 40.57% increase compared to ¥648,023,211.21 in 2020[21]. - The net profit attributable to shareholders decreased by 23.4% to ¥55,744,819.26 from ¥72,777,939.91 in the previous year[21]. - The cash flow from operating activities showed a significant decline of 574.95%, resulting in a net outflow of ¥83,740,262.75[21][23]. - Total assets increased by 36.46% to ¥1,488,666,596.1, driven by growth in receivables and investments in construction projects[23]. - The net assets attributable to shareholders grew by 66.15% to ¥764,142,474.86, primarily due to the proceeds from the IPO and increased profitability[22][23]. - Basic earnings per share fell by 39.17% to ¥0.73, influenced by intensified market competition and rising costs[22][23]. - The company's reliance on government subsidies was significant, with 31.24 million yuan received, accounting for 40.52% of total profit[76]. - The company achieved operating revenue of 910.92 million yuan, a year-on-year increase of 40.57%[81]. - The net profit attributable to shareholders was 55.74 million yuan, a decrease of 23.40% compared to the previous year[81]. Research and Development - The company's R&D expenditure as a percentage of operating revenue was 8.17%, down from 9.38% in the previous year[22]. - The company increased its R&D investment by 22.50% year-on-year, focusing on new product and technology development[33]. - The company achieved a total R&D investment of ¥74,443,416.21, representing a 22.5% increase compared to the previous year[61]. - The total R&D investment accounted for 8.17% of the operating revenue, a decrease of 1.21% from the previous year[61]. - The company obtained 4 new invention patents and 70 new utility model patents during the reporting period, contributing to a total of 339 patents[59]. - The company has developed a new high-precision alignment system that improves product alignment accuracy to ±5μm, achieving a 99% success rate at a 30μm pitch[58]. - The company has developed core technologies in precision alignment, image processing, and motion control, which are critical for maintaining its competitive edge in the industry[50]. - The company aims to develop a new chip defect detection device with a defect size detection capability of less than 2um and a false detection rate of less than 0.05%[13]. - The company has established a post-doctoral innovation practice base to enhance its innovation capabilities through collaboration with the Shenzhen Institute of Advanced Technology[33]. Market Position and Strategy - The company is actively expanding its market presence in Taiwan and Southeast Asia for flat panel display module equipment and entering the lithium battery equipment market with linear motor products[32]. - The company has gained significant recognition in the domestic semiconductor testing equipment market, with its turret testing and sorting machine ranking among the top in domestic sales[50]. - The domestic linear motor market has been growing at over 20% annually, with the company aiming to increase its market share against foreign competitors[45]. - The company is positioned as a leading provider of automated assembly and testing equipment for both OLED and LCD display devices, offering comprehensive solutions to clients[49]. - The company focuses on high-end intelligent equipment and related core components, aiming to enhance core competitiveness through continuous technological research and supply chain development[121]. - The company plans to conduct in-depth research on technologies such as AMOLED flexible bonding and high-precision 3D curved bonding, aiming to improve automation levels and production efficiency[123]. Operational Efficiency - The company has developed a comprehensive procurement management system to ensure efficient sourcing of raw materials and mitigate procurement risks[38]. - The company’s production model is primarily based on "make-to-order" for customized production, aligning with customer-specific requirements[38]. - The company has established a flexible and modular production management approach to enhance process control and quality management, aiming to reduce production losses and improve assembly efficiency[39]. - The company has implemented a vacuum application technology that improves bonding accuracy and yield rates by addressing issues related to vacuum balance[58]. - The company has integrated AI technology into its optical inspection methods, reducing misjudgment rates to below 0.5%[58]. Financial Management - The company's investment activities generated a net cash flow of -158.16 million yuan, a decline of 112.55% year-on-year, mainly due to increased capital expenditures[86]. - Financing activities resulted in a net cash inflow of 273.74 million yuan, an increase of 188.87%, attributed to public stock issuance[86]. - The company reported a total operating cost of ¥589.33 million, which is a 55.22% increase compared to the previous year[93]. - The gross profit margin decreased due to a 53.41% increase in operating costs, totaling 609.95 million yuan[83]. - The company’s sales expenses rose by 64.28% to 113.47 million yuan, driven by increased sales personnel costs and after-sales service needs[84]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[129]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making and operational activities[130]. - The company has implemented a transparent information disclosure system to enhance shareholder rights and prevent insider trading[131]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[146]. - The company has established specialized committees under the board, including audit, nomination, compensation, and strategy committees, to enhance governance[148]. Social Responsibility and Environmental Initiatives - The company actively promotes environmental protection and has implemented a green production management system to reduce energy consumption and emissions[167]. - The company has committed to reducing its carbon footprint by advocating for low-carbon living among employees and ensuring environmental management in its supply chain[176]. - The company donated 50,000 yuan to support rural revitalization efforts, benefiting 143 villagers, including 65 who were lifted out of poverty[181]. - The company has engaged in social responsibility initiatives, including providing a good working environment for employees and participating in charitable activities[168]. Employee Management - The total number of employees in the parent company and major subsidiaries is 989, with 243 in production, 325 in sales, and 243 in technical roles[155]. - The company has established a competitive and incentive-based salary system, adjusting salaries annually based on market changes and employee growth[156]. - The average salary for R&D personnel increased from ¥170,848.89 to ¥261,837.90, reflecting a rise of about 53%[68]. - The company has implemented training programs for new employees and technical staff to enhance their skills and integration into the company[157].