Jilin OLED(SH:688378)2022-04-21 16:00Financial Performance - The company reported a distributable profit of RMB 282,694,693.04 as of December 31, 2021, with a proposed cash dividend of RMB 15 per 10 shares, totaling RMB 109,705,050.00, which accounts for 38.8% of the distributable profit and 80.63% of the net profit attributable to shareholders for the year[5]. - The company's operating revenue for 2021 was CNY 405,946,360.85, representing a year-on-year increase of 43.17%[22]. - Net profit attributable to shareholders for 2021 was CNY 136,059,195.46, an increase of 89.19% compared to the previous year[22]. - The basic earnings per share for 2021 was CNY 1.86, reflecting a growth of 57.63% year-on-year[23]. - The cash flow from operating activities for 2021 increased by 16.98% to CNY 140,907,242.25[22]. - The company's total assets at the end of 2021 were CNY 2,188,640,249.02, an increase of 8.06% from the previous year[22]. - The company achieved an annual revenue of 405.9464 million RMB, representing a year-on-year growth of 43.17%[33]. - The net profit attributable to the parent company was 136.0592 million RMB, with a year-on-year increase of 89.19%[33]. - The company reported a decrease in trading financial assets by 656.6317 million RMB during the reporting period[31]. - The company achieved a total revenue of 26,237 million RMB, with a net profit of 11,183.88 million RMB, reflecting a significant growth compared to the previous year[83]. Research and Development - Research and development expenses accounted for 21.26% of operating revenue in 2021, up from 18.29% in 2020[24]. - The company has invested in a "four-in-one" materials development and innovation platform, which includes material design, patent analysis, material characterization, and process development[42]. - The company has increased R&D investment, applying for 105 patents in the reporting period, including 102 invention patents, and has a total of 172 authorized patents by the end of the reporting period[65]. - The company is committed to continuous R&D investment to enhance product quality and diversify its product offerings, aiming to become an internationally recognized enterprise in the OLED materials and equipment sector[40]. - The company has established a stable R&D team and a comprehensive R&D mechanism since its establishment in 2005, focusing on the development of electroluminescent materials[61]. - The company has achieved significant advancements in the development of high-performance light-emitting materials, including high-efficiency red, green, and blue light materials[62]. - The company is enhancing its R&D capabilities to improve the stability and color purity of TADF materials, which have not yet achieved commercial viability[58]. - The company is focusing on the development of G8.5 (G8.6) high-generation evaporation sources and is increasing R&D efforts in small-scale evaporation machines[56]. - The company has successfully developed and produced 6th generation AMOLED linear evaporator source equipment, breaking foreign monopolies[91]. Market Position and Strategy - The OLED industry is experiencing significant growth, with China being the largest application market globally, leading to increased demand for upstream OLED materials and equipment[51]. - The company has become one of the few domestic manufacturers capable of producing terminal organic light-emitting materials, establishing itself as a technologically advanced OLED organic materials manufacturer[56]. - The company is focusing on the development of G8.5 and G8.6 high-generation evaporation sources, achieving phase results in line with the growing demand for AMOLED display materials[68]. - The company is committed to expanding its market presence and enhancing its product offerings through ongoing R&D and strategic initiatives[87]. - The company is actively involved in the installation, debugging, and after-sales support of its evaporation source equipment for client panel production lines[49]. - The company is exploring potential acquisitions to bolster its product portfolio, with a budget of 300 million allocated for strategic investments in 2022[150]. - The company plans to implement new marketing strategies aimed at increasing brand awareness, with a budget increase of 15% for marketing expenditures in 2022[150]. Corporate Governance and Compliance - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has received a standard unqualified audit opinion from Da Xin Certified Public Accountants[5]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[9]. - The company emphasizes that forward-looking statements in the report are based on subjective assumptions and may differ from actual results due to various factors[8]. - The company is actively enhancing its internal control system and governance structure to ensure compliance and protect shareholder rights[141]. - The company held three shareholder meetings in 2021, all of which passed resolutions without any objections[144]. - The company did not receive any penalties from securities regulatory authorities in the past three years[161]. Environmental Responsibility - The company emphasizes environmental protection and sustainable development, focusing on energy conservation and emission reduction[194]. - Wastewater from production meets the Class III discharge standards of the "Comprehensive Wastewater Discharge Standards" (GB8978 1996) and is treated before entering the Yitong River, minimizing environmental impact[198]. - The company employs a 70% efficiency active carbon adsorption system for treating organic waste gases, ensuring compliance with the "Comprehensive Emission Standards for Air Pollutants" (GB16297-1996)[199]. - The production process for evaporation source equipment does not generate waste gas, and wastewater is treated before discharge[200]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[198]. Employee Engagement and Development - The company has implemented a talent-first strategy, optimizing its organizational structure and performance system to enhance employee engagement and drive high-quality development[38]. - The total number of employees in the parent company and major subsidiaries is 284, with 123 in production, 22 in sales, 77 in technology, 14 in finance, and 48 in administration[173]. - The company has established a training program for new employees and tailored training plans to enhance employee development and engagement[175]. - The company has implemented a stock incentive plan, granting 963,700 restricted shares, which represents 1.32% of the total shares, to 25 employees, accounting for 9.77% of the total employee count[182].