UNI-T(SH:688628)2022-04-27 16:00Financial Performance - The company achieved a revenue of 277.39 million, reflecting a successful completion of product development for smart and remote measurement clamp meters[76]. - The company reported a significant increase in deferred income tax assets, amounting to 3,408,818.56 RMB, indicating potential future tax benefits[112]. - The company’s cash flow from operating activities showed a net outflow of CNY 3,620.23 million due to increased inventory levels in response to rising raw material prices[109]. - The company’s main business revenue for the reporting period was 836,994,788.14 CNY, a year-on-year decrease of 4.68% due to a high sales base from temperature measurement products in 2020[95]. - The company’s net profit attributable to shareholders for 2021 was CNY 108.72 million, with cumulative distributable profits of CNY 224.63 million as of December 31, 2021[158]. - The company achieved a total revenue of 13,737 million RMB, with a year-on-year increase of 5,935 million RMB[78]. - The company’s cash and cash equivalents were impacted by loan guarantees, with 1,697,444.73 RMB in cash restricted for loan guarantees[114]. - The company plans to enhance its market response capabilities and product development to maintain competitiveness[84]. Research and Development - The company increased R&D investment to CNY 59.35 million, a year-on-year growth of 41.23%, accounting for 7.05% of total revenue[30]. - The R&D team expanded to 206 personnel, a 56.06% increase year-on-year, representing 20.91% of the total workforce[30]. - The company achieved a 41.23% year-on-year increase in R&D expenses, driven by an increase in R&D personnel from 132 to 206[70]. - The company has developed a non-contact infrared temperature measurement algorithm with a measurement range from -50℃ to over 2000℃ and an accuracy of ±1.0℃ or ±1%[78]. - The company has established a product line layout for source load instruments under 1000W, including programmable linear power supplies and programmable switching power supplies[61]. - The company has developed a portable USB temperature and humidity recorder, which is part of its new product offerings[64]. - The company has developed a U-shaped PCB coil clamp head that allows for precise current testing without a closed clamp, enhancing application convenience and stability compared to traditional designs[63]. - The company has achieved core technological breakthroughs in testing and measuring instruments, including advancements in over-voltage and pulse protection technologies[62]. Market and Sales Strategy - The company actively expanded its global marketing network, optimizing sales teams and enhancing product training for better customer service[35]. - The company employs a mixed sales model, with domestic sales primarily under the "UNI-T" brand and international sales through both ODM and self-owned brand products, targeting markets in the EU, Americas, and Asia-Pacific[43]. - The company has established a mature sales channel, exporting to over 80 countries and regions, with nearly 100 overseas distributors[52]. - The company has seen a growing demand for multimeters and clamp meters in the photovoltaic sector, driven by national policies supporting carbon neutrality and environmental quality improvement[53]. - The company is focusing on enhancing the waterproof and dustproof standards of its products to ensure functionality in special environments[64]. - The company is dedicated to maintaining a high level of product quality and service to support its global market expansion efforts[121]. Corporate Governance and Compliance - The company has established a governance structure compliant with relevant laws and regulations, ensuring effective operation and protection of shareholder interests[129]. - The company has established a comprehensive internal control system to enhance management efficiency and ensure compliance with legal regulations[163]. - The company has implemented a restricted stock incentive plan to attract and retain high-quality management and technical talent, enhancing overall team cohesion and motivation[127]. - The company has established a remuneration decision-making process based on basic salary, position salary, performance salary, and various subsidies[141]. - The company has not faced any penalties from securities regulatory authorities in the past three years[141]. - The company has established a comprehensive information security system, including professional IT security administrators and regular training for all employees to enhance security awareness[191]. Environmental Responsibility - The company has passed the ISO 14001 environmental management system certification, emphasizing its commitment to environmental protection and sustainable development[165]. - The company has implemented ISO14001 environmental management system certification, focusing on energy conservation and emission reduction in daily operations[173]. - The company actively engages in green manufacturing and has implemented measures to control energy consumption and waste emissions during production[168]. - The company has adopted a "paperless smart office" initiative and promotes energy-saving practices among employees to reduce carbon emissions[175]. - The company has not been penalized for environmental issues during the reporting period and is not classified as a key pollutant unit by environmental authorities[167]. Employee and Talent Management - The company employs a total of 985 staff members, with 933 in the parent company and 52 in major subsidiaries[151]. - The workforce includes 379 production personnel, 197 sales personnel, 206 technical personnel, 15 financial personnel, and 188 administrative personnel[151]. - The company provides various employee training programs, including professional skills and safety training, to enhance workforce capabilities[181]. - The company emphasizes the protection of shareholder and creditor rights by adhering to legal regulations and improving corporate governance structures[180]. - The company has implemented a robust knowledge property management system, requiring employees to sign confidentiality agreements and encouraging patent applications[190]. Financial Management and Investment - The company plans to enhance its global marketing system and has established a branch in the United States, with plans to complete a branch in Germany, aiming to improve local market responsiveness and customer satisfaction[124]. - The company has established several joint ventures, including holding 78% of Changzhou Haoyi Technology Co., Ltd. and 20% of Chengdu Jingying Optoelectronic Technology Co., Ltd.[115]. - The company has reported a significant increase in investment activities, with a net cash outflow of RMB 386.81 million[93]. - The company has established commitments to adhere to relevant laws and regulations regarding shareholder reductions and will ensure compliance with necessary procedures[200]. - The company has outlined that any share reductions will not occur below the issue price within two years post-lock-up[200].