CONSYS(SH:688788)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was ¥610,298,097.81, a decrease of 6.81% compared to ¥654,927,636.68 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥175,828,593.52, a slight decrease of 0.70% from ¥177,060,767.46 in 2020[20]. - The net cash flow from operating activities decreased by 263.64% to -¥90,491,406.62, compared to ¥55,297,984.79 in 2020[20]. - The company's total assets at the end of 2021 were ¥3,090,246,004.50, a decrease of 0.84% from ¥3,116,323,986.75 at the end of 2020[20]. - Basic earnings per share for 2021 were ¥2.3278, down 21.38% from ¥2.9610 in 2020[22]. - The weighted average return on equity decreased to 6.07% in 2021, down 9.14 percentage points from 15.21% in 2020[22]. - The net assets attributable to shareholders increased by 3.81% to ¥2,953,123,170.67 at the end of 2021, compared to ¥2,844,628,117.47 at the end of 2020[20]. - The company achieved a significant improvement in wireless network transmission rates, reaching over Gbps, which is ten times faster than current wireless self-organizing network communication rates[14]. Research and Development - Research and development expenses accounted for 32.54% of operating revenue, an increase of 4.80 percentage points from 27.74% in 2020[22]. - The company has a research and development team of 305 people, accounting for 58.21% of the total workforce, emphasizing the importance of talent in innovation[35]. - The company is actively developing new technologies and products, including domestic command information processing equipment and intelligent wireless communication chips[36]. - The company secured over ten projects with major clients such as China Electronics and Aerospace Science and Industry Corporation during the reporting period[37]. - The company has initiated nearly 40 new research projects based on customer needs and future development directions[37]. - The company has obtained 13 new domestic patents during the reporting period, including 4 invention patents[37]. - The total R&D investment for the year was approximately ¥198.58 million, representing a 9.29% increase from the previous year's ¥181.69 million[62]. - R&D investment accounted for 32.54% of total revenue, up from 27.74% in the previous year, indicating a 4.8 percentage point increase[62]. Corporate Governance - The company has not reported any special arrangements for corporate governance[8]. - The company has confirmed that all board members are able to guarantee the authenticity and completeness of the annual report[8]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective operation of the board, supervisory board, and management team[129]. - The board consists of 5 members, with 2 independent directors, representing 40% of the board[130]. - The supervisory board is composed of 3 members, including 1 employee representative, ensuring compliance with legal requirements[130]. - The company has implemented a series of internal control systems to ensure legal compliance and asset security, enhancing operational efficiency[131]. - The company has developed detailed information disclosure management systems to prevent insider trading and ensure transparency[131]. - The company has not reported any significant differences in governance compared to regulatory requirements[132]. Market Position and Strategy - The company is actively pursuing market expansion and product diversification to enhance its competitive edge in the industry[68]. - The company is focusing on the development of a new generation fire control system, which aims to enhance real-time capabilities and battlefield survivability of weapon systems[65]. - The company is committed to accelerating the modernization of military equipment and enhancing the integration of new technologies like cloud computing and artificial intelligence[120]. - The company recognizes the high entry barriers in the defense technology industry, which limits competition and allows for stable market conditions[119]. - The company is addressing the risk of single product dependency by diversifying its product offerings, including new developments in high-performance graphics workstations and unmanned ground station equipment[78]. Employee Management - The company employed a total of 524 staff, including 305 in R&D, 88 in production, and 46 in sales[163]. - The company plans to continue enhancing its performance-based compensation system to stabilize and motivate high-performing employees[164]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 9.16 million RMB[151]. - The total remuneration for core technical personnel at the end of the reporting period amounted to 7.39 million RMB[151]. - The company emphasizes training programs for new employees, compliance, technical skills, and management to improve overall employee capabilities[166]. Financial Management - The company is focusing on improving financial management and ensuring a reasonable debt structure for sustainable growth[125]. - The company maintains a solid financial policy and good cooperation with suppliers and creditors, ensuring the protection of shareholder and creditor interests[188]. - The company has established a qualified supplier directory and maintains long-term stable relationships with major suppliers to ensure their legal rights are protected[192]. - The company has implemented a robust internal control system, ensuring compliance with relevant laws and regulations, and enhancing governance transparency[188]. Social Responsibility and ESG - The company emphasizes ESG management, treating it as equally important as core business operations, and has established a comprehensive quality management system[182]. - The company actively participates in social welfare, contributing CNY 300,000 to the construction of a community service center in Longguan Village, Guangdong Province[187]. - The company has been recognized as a level three standard enterprise for safety production in Shenzhen's industrial and trade sector[185]. - The company has a strong focus on employee rights, adhering to labor laws and providing various benefits and training opportunities[190]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, indicating the financial statements' accuracy and completeness[5]. - The company conducted 5 meetings of the Audit Committee during the reporting period, focusing on financial reports and audit plans[158]. - The company held 2 meetings of the Compensation and Assessment Committee, approving the 2021 restricted stock incentive plan[160].