Guangzhou Hexin Instrument (SH:688622)2022-04-25 16:00Financial Performance - The proposed cash dividend for 2021 is CNY 1.7 per 10 shares, totaling CNY 11,899,593.02 (including tax), which represents 15.14% of the net profit attributable to shareholders of the parent company[5]. - The company's operating revenue for 2021 was CNY 464,237,256.58, representing a 48.66% increase compared to CNY 312,272,106.42 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 78,574,746.75, a 13.13% increase from CNY 69,453,951.06 in 2020[23]. - The net profit after deducting non-recurring gains and losses was CNY 44,330,006.80, showing a decrease of 14.29% from CNY 51,719,010.62 in 2020[23]. - The net cash flow from operating activities decreased by 76.71% to CNY 14,928,899.58 from CNY 64,087,116.55 in 2020[23]. - The total assets at the end of 2021 were CNY 931,395,210.90, a 69.35% increase from CNY 549,979,328.90 at the end of 2020[23]. - The net assets attributable to shareholders increased by 141.45% to CNY 605,122,842.16 from CNY 250,624,681.24 in 2020[23]. - The basic earnings per share for 2021 were CNY 1.38, a 4.55% increase from CNY 1.32 in 2020[24]. - The diluted earnings per share for 2021 were also CNY 1.38, consistent with the basic earnings per share[24]. Research and Development - Research and development (R&D) investment reached RMB 53,219,249.98, a year-on-year increase of 36.56%[35]. - The R&D expenditure as a percentage of operating revenue was 11.46%, down by 1.02 percentage points from 12.48% in 2020[24]. - The company expanded its R&D team to 167 personnel, representing 21.19% of the total workforce[35]. - The company has applied for 50 new patents, including 35 invention patents and 15 utility model patents, enhancing its intellectual property portfolio[35]. - The company has achieved significant advancements in core technologies, maintaining a leading position in domestic development across various applications, including environmental monitoring and food safety[64]. - The company has not capitalized any R&D expenditures, maintaining a focus on immediate operational needs[70]. - The company is committed to independent innovation and the localization of high-end mass spectrometers, competing against international giants in the industry[58]. Market and Competitive Landscape - The company focuses on high-end mass spectrometers, with significant market potential in healthcare, food safety, and environmental monitoring, driven by increasing government investment and public concern[55]. - The domestic mass spectrometer market is primarily dominated by foreign products, with high-end mass spectrometers mainly relying on imports, which limits the effective exploration of potential user demand in various industries[135]. - The company aims to enhance its core competitiveness and market share in domestic mass spectrometers by expanding into air quality monitoring, water quality monitoring, medical health, and food safety applications[138]. - The company is exposed to competition in the environmental monitoring field, which may pressure product pricing and profit margins[93]. Governance and Compliance - The company has established a robust corporate governance structure, holding multiple board meetings and ensuring effective decision-making processes[144]. - The company did not have any dissenting opinions from board members regarding company matters during the reporting period[172]. - The company is committed to maintaining compliance with regulatory requirements as outlined by the Company Law and the China Securities Regulatory Commission[173]. - The audit committee's responsibilities included reviewing financial reports and internal audit plans, ensuring transparency and accountability[174]. Strategic Initiatives - The company plans to enhance R&D efforts and expand product applications to compete with international giants in the mass spectrometry market[134]. - The company plans to continue the development and industrialization of new products, including automatic microbial detection mass spectrometers and triple quadrupole mass spectrometers, to meet increasing market demands[139]. - The company is committed to improving its service and technical support systems, which are becoming critical factors for customers when selecting mass spectrometers[136]. - The company plans to enhance its digital marketing strategy, allocating an additional 5% of revenue towards online advertising in 2022[155]. Employee and Labor Management - The total number of employees in the parent company and major subsidiaries is 788, with 335 in technical roles and 167 in research and development[180]. - The company emphasizes employee training and development, aiming to enhance skills and career growth through various training programs[182]. - Total remuneration for all directors, supervisors, and senior management was CNY 4.6004 million[166]. Environmental and Social Responsibility - The company emphasizes ESG practices, focusing on environmental protection, social responsibility, and corporate governance to achieve high-quality development[194]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, complying with national and local environmental protection requirements[198]. - The company actively manages resource consumption, implementing measures to reduce energy and water usage in production and operations[200].