Hollywave(SH:688682)2022-04-29 16:00Financial Performance - The company achieved a total revenue of CNY 329.54 million in 2021, representing a 43.78% increase compared to CNY 229.20 million in 2020[23]. - Net profit attributable to shareholders reached CNY 60.92 million, up 35.90% from CNY 44.83 million in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 51.15 million, an increase of 22.72% compared to CNY 41.68 million in 2020[23]. - Total assets as of December 31, 2021, amounted to CNY 844.78 million, a year-on-year growth of 148.51%[25]. - The net assets attributable to shareholders increased by 210.27% to CNY 603.09 million from CNY 194.38 million in 2020[25]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the fiscal year, representing a 20% year-over-year growth[159]. - Net profit reached CNY 66,627,813.82, reflecting a growth of 48.63% year-on-year[103]. - The comprehensive gross profit margin improved to 42.57%, an increase of 3.47 percentage points from the previous year[107]. Dividend and Share Capital - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling 18,500,000.00 RMB (including tax) based on a total share capital of 37,000,000 shares as of December 31, 2021[6]. - The company intends to increase its share capital by 4 shares for every 10 shares held, resulting in a total increase of 14,800,000 shares, raising the total share capital to 51,800,000 shares[6]. - The company's net profit attributable to shareholders for the year 2021 was CNY 60,918,046.20, representing a profit distribution plan of CNY 18.5 million in cash dividends, which accounts for 30.37% of the net profit[184]. Research and Development - The company launched a restricted stock incentive plan in 2021, incurring expenses of CNY 6.88 million related to equity incentives[25]. - Research and development expenses accounted for 9.39% of total revenue, an increase of 2.47 percentage points from 6.92% in 2020[24]. - The company achieved a total R&D investment of approximately ¥30.94 million, representing a 95.15% increase compared to the previous year[75]. - The company has applied for a total of 6 new domestic patents during the reporting period, bringing the cumulative number of patents applied to 23, with 18 currently valid[72]. - The company has developed several core technologies, including three-dimensional full-wave electromagnetic simulation technology and multi-probe near-field testing technology, achieving international advanced levels[85]. - The company is committed to sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025[159]. Market and Business Expansion - The company expanded its measurement business product line through the acquisition of Hongjie Electronics, contributing to revenue growth[26]. - The company is actively developing new millimeter-wave phased array antennas to meet the demand for low-cost and miniaturized radar systems[40]. - The company is focusing on expanding its business in defense, aerospace, 5G communication, and automotive sectors, with a strong emphasis on low-orbit satellites[63]. - The company plans to intensify market expansion efforts, focusing on defense, aerospace, and 5G communication sectors, aiming to enhance customer coverage and depth in these areas[144]. - The company has established a comprehensive sales system covering major domestic regions and key clients, with subsidiaries in Xi'an, Beijing, and Chengdu to enhance market responsiveness[50]. Governance and Compliance - The company has established a governance structure that operates effectively according to legal and regulatory requirements, ensuring fair decision-making processes[149]. - The company has implemented a comprehensive internal control system to safeguard the interests of minority shareholders and ensure effective governance[146]. - The board of directors consists of 5 members, including 2 independent directors, ensuring a robust governance structure[199]. - The company has not faced any penalties from securities regulatory authorities in the past three years[168]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during the reporting period[195]. Risks and Challenges - The company has outlined various operational risks and corresponding mitigation measures in the report, emphasizing the importance of risk management[4]. - The company faces risks related to technology upgrades and potential core algorithm leaks, which could adversely affect its competitive position[93][94]. - The company is exposed to risks from intensified market competition and potential changes in national industrial policies affecting its strategic sectors[99][100]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 119, with 49 technical personnel and 14 sales personnel[180]. - The company emphasizes employee training, focusing on professional skills and management capabilities to enhance employee competency and career development[183]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 8.0639 million RMB[166]. - The number of R&D personnel increased from 37 to 49, representing 41.18% of the total workforce, up from 40.22%[85]. Audit and Financial Integrity - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants, ensuring the accuracy of its financial statements[6]. - The company’s financial report has been verified by its responsible personnel, ensuring its authenticity and completeness[6]. - The company has not violated any decision-making procedures in providing guarantees to external parties[9].