UIGreen(SH:688661)2022-03-30 16:00Financial Performance - The company's operating revenue for 2021 was CNY 370.10 million, representing a year-on-year increase of 61.35% compared to CNY 229.38 million in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 103.35 million, a 68.33% increase from CNY 61.40 million in 2020[22]. - The net cash flow from operating activities reached CNY 103.65 million, showing a significant increase of 104.64% compared to CNY 50.65 million in 2020[22]. - The company's total assets at the end of 2021 were CNY 695.43 million, up 202.47% from CNY 229.91 million at the end of 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 92.18 million yuan, reflecting a growth of 52.59% year-on-year[95]. - The semiconductor testing probe business significantly contributed to revenue growth, with a year-on-year increase of approximately 178.16%[103]. - The company achieved a total revenue of 4,770 million RMB, with a net profit of 2,332.24 million RMB, indicating a strong financial performance[83]. Dividend Policy - The company plans to distribute a cash dividend of 5.1 RMB per 10 shares, totaling 40.8 million RMB, which represents 39.48% of the net profit attributable to shareholders for the year 2021[5]. - The company has established a cash dividend policy, ensuring that cash dividends will not be less than 10% of the distributable profits if there are no major investment plans or cash expenditures[165]. - The company has a policy that mandates cash dividends to be at least 30% of the average distributable profits over any three consecutive years after being listed for three years[165]. Research and Development - Research and development expenses accounted for 7.57% of operating revenue in 2021, an increase of 1.41 percentage points from 6.16% in 2020[23]. - The total R&D investment for the year reached 28 million CNY, a significant increase of 98% compared to the previous year's 14.14 million CNY[77]. - R&D investment accounted for 7.57% of total revenue, up from 6.16% in the previous year, reflecting a 22.89% increase[77]. - The company has accumulated 78 domestic patents, including 14 invention patents, enhancing its competitive edge in the MEMS and semiconductor testing fields[87]. - The company obtained 2 new invention patents and 15 utility model patents during the reporting period, bringing the total to 14 invention patents and 62 utility model patents[75]. - The company is advancing several key projects, including the development of a high-stretch micro semiconductor testing probe, with a total investment of 16 million CNY and a current investment of 8.6 million CNY[80]. Market Expansion and Strategy - The company plans to continue expanding its customer base both domestically and internationally to meet the demand for comprehensive solutions[36]. - The company is actively expanding its overseas market presence, responding to the growing demand for semiconductor testing solutions[89]. - The company plans to expand into new markets and applications, aiming to accelerate product development despite potential long sales cycles of 6 to 24 months[94]. - The company aims to enhance its market share in existing customers and accelerate product validation for new clients in the Chinese mainland semiconductor manufacturing sector[128]. - The company plans to increase its international market sales ratio by closely monitoring global semiconductor production line investments and targeting major clients in the first tier of the industry[128]. Corporate Governance - The company has received a standard unqualified audit report from Tianheng Accounting Firm[7]. - There are no special arrangements for corporate governance applicable to the company[8]. - The board of directors consists of 6 members, including 2 independent directors, complying with relevant legal requirements[132]. - The company has established various committees under the board, including a strategy and development committee, audit committee, nomination committee, and remuneration and assessment committee, all operating in accordance with regulations[132]. - The company has improved its internal control system, significantly enhancing its risk prevention capabilities and operational standards[133]. - The company actively engages with shareholders and investors through various communication channels to address their reasonable suggestions and opinions[134]. Risk Factors - The company has outlined various risks in its annual report, which investors are advised to review[4]. - The company faces risks from high customer concentration, with major clients significantly impacting overall performance if their demand changes[94]. - The company is exposed to macroeconomic risks, particularly from potential trade tensions between the US and China, which could affect its operations and financial performance[94]. Environmental Responsibility - The company is committed to environmental protection and sustainable development, promoting green office practices among employees[176]. - The company does not belong to any heavily polluting industries and has not faced any administrative penalties related to environmental issues during the reporting period[178][179]. - The company has implemented measures to manage energy consumption and waste disposal in compliance with environmental regulations[180]. - The company adhered to ISO 14001:2015 environmental management system requirements, establishing various environmental management procedures[185]. Employee Relations - The company emphasizes employee training, aligning annual training plans with business development needs to enhance employee capabilities[164]. - The total number of employees in the parent company is 352, with 193 in production, 16 in sales, 40 in technology, 82 in research and development, 7 in finance, and 14 in administration[162]. - Employee stock ownership involved 22 employees, representing 6.25% of the total workforce, with 480,000 shares held, accounting for 6% of total equity[191]. Innovation and Technology - The company has established several technology research centers, enhancing its R&D capabilities and recognition in the industry[31]. - The company has developed innovative products that meet the high-frequency shielding and insulation requirements for 5G applications[72]. - The company is recognized as a strong competitor in the semiconductor testing probe market, despite its relatively short operational history[64]. Communication and Transparency - The company has established a comprehensive information disclosure management system to ensure timely and accurate reporting, enhancing transparency[197]. - The company held two earnings conference calls in 2021, addressing 35 investor inquiries in April and 15 in August, ensuring investor rights to information[196]. - The company has set up an investor relations section on its official website to facilitate communication[196].