UIGreen(SH:688661)2022-04-27 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, up 68.33% from CNY 61.40 million in 2020[22]. - The net cash flow from operating activities reached CNY 103.65 million, 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, reflecting a 202.47% increase from CNY 229.91 million at the end of 2020[22]. - The revenue from overseas sales reached 165.46 million RMB, accounting for 44.71% of total revenue, representing a 146.83% increase compared to 2020[36]. - The company's micro-shield products generated revenue of 156.46 million RMB, while semiconductor chip testing probes contributed 156.11 million RMB, together accounting for 84.45% of total revenue[34]. - 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]. - The company reported a total of CNY 8.77 million in operating revenue for the fourth quarter of 2021, with a net profit of CNY 1.99 million attributable to shareholders[24]. Dividend Policy - The company plans to distribute a cash dividend of 5.1 yuan per 10 shares, totaling 40.8 million yuan, which represents 39.48% of the net profit attributable to shareholders for the year 2021[5]. - The company has not proposed any capital reserve transfer to increase share capital or bonus shares for the year 2021, focusing instead on cash dividends[5]. - The company has established a cash dividend policy, ensuring that at least 10% of the distributable profits are distributed as cash dividends if there are no major investment plans or cash expenditures[167]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 7.57% in 2021, up from 6.16% in 2020, indicating a focus on innovation[23]. - The company achieved a total R&D investment of 28 million yuan in 2021, representing a 98% increase compared to 14.14 million yuan in 2020[77]. - The company has accumulated 78 patents, including 14 invention patents, enhancing its competitive edge in the MEMS and semiconductor testing fields[87]. - The company has made significant advancements in R&D, particularly in optical sensor structural components, becoming a qualified supplier for leading industry clients[39]. - The company has established a rigorous R&D management system, covering all major stages from project initiation to mass production, ensuring high-quality product development[58]. Corporate Governance - The company has received a standard unqualified audit report from Tianheng Accounting Firm, ensuring the accuracy of its financial statements[7]. - The company has a clear governance structure with all board members present at the board meeting, ensuring effective decision-making[7]. - The company has established a sound and systematic modern corporate governance structure to protect shareholder rights and interests[176]. - The board of directors consists of 6 members, including 2 independent directors, complying with relevant legal requirements[134]. - The company has established various committees under the board, including a strategy and development committee, audit committee, nomination committee, and compensation and assessment committee, all operating in accordance with regulations[134]. Market Expansion and Strategy - The company is actively engaged in the development of Micro-Electro Mechanical Systems (MEMS) technology, which is crucial for its product offerings[11]. - The company plans to enhance its market position in the semiconductor testing and micro-manufacturing sectors, focusing on technology innovation and product development[127]. - The company aims to expand its revenue scale while maintaining reasonable gross margins through strategic projects and market development[128]. - The company is considering mergers and acquisitions of high-end semiconductor packaging and testing manufacturers to cover more product categories and capture more niche markets[130]. - The company is actively exploring overseas markets to enhance its business opportunities and customer base[89]. Risk Management - The company has outlined various risks in its management discussion and analysis section, which investors should be aware of[4]. - The company faces risks from high customer concentration, which could impact overall performance if major clients change their procurement policies[93]. - The company has improved its internal control system, significantly enhancing its risk prevention capabilities and operational standards[135]. Environmental and Social Responsibility - The company adheres to environmental protection and sustainable development principles, promoting green office practices among employees[178]. - The company does not belong to the category of heavily polluting industries as defined by environmental protection authorities[180]. - The company strictly complies with national environmental laws and regulations, ensuring that production operations meet relevant environmental standards[182]. - The company donated a total of 50,000 RMB in 2021, including 30,000 RMB to the Suzhou High-tech Zone Charity Foundation[189]. Employee Relations - The company emphasizes employee rights protection and has implemented an employee stock ownership plan to enhance motivation and cohesion[177]. - The company’s workforce includes 67 employees with a bachelor's degree or higher, while 285 have a diploma or lower[164]. - The company emphasizes employee training, aligning training needs with business development and enhancing employee skills through targeted programs[166]. - The company provided free health checks and pandemic prevention supplies to employees, reflecting its commitment to employee welfare[196].