KAIFA(SZ:000021)2022-04-20 16:00Financial Performance - The company's operating revenue for 2021 was CNY 16,488,253,175.97, representing a 10.16% increase from CNY 14,967,234,846.43 in 2020[14]. - The net profit attributable to shareholders for 2021 was CNY 775,394,154.82, a decrease of 9.54% compared to CNY 857,132,642.21 in 2020[14]. - The net profit after deducting non-recurring gains and losses was CNY 307,525,753.47, showing a slight increase of 1.69% from CNY 302,406,659.92 in 2020[14]. - The net cash flow from operating activities was CNY 867,605,722.02, a significant decrease of 72.21% from CNY 3,122,476,019.87 in 2020[14]. - The total assets at the end of 2021 were CNY 27,048,915,810.62, reflecting a 25.03% increase from CNY 21,634,626,826.88 at the end of 2020[15]. - The net assets attributable to shareholders at the end of 2021 were CNY 9,846,917,365.02, up 29.82% from CNY 7,584,933,624.26 at the end of 2020[15]. - The basic earnings per share for 2021 were CNY 0.5065, down 13.06% from CNY 0.5826 in 2020[14]. - The diluted earnings per share for 2021 were also CNY 0.5065, reflecting the same decrease of 13.06% from CNY 0.5826 in 2020[14]. - The weighted average return on equity for 2021 was 8.67%, down from 11.83% in 2020, indicating a decline of 3.16 percentage points[14]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year growth of 15%[112]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling approximately RMB 234.09 million based on the current total share capital of 1,560,587,588 shares[2]. - The board of directors has approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders[112]. - The company distributed a cash dividend of CNY 0.16 per share, totaling CNY 249.69 million for the 2020 fiscal year[119]. - The cumulative cash dividend amount over the last three years (2019-2021) accounted for 86.46% of the average net profit (consolidated) during the same period[137]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and has confirmed that all board members attended the meeting to review the annual report[2]. - The company has a complete and independent corporate governance structure, with no significant differences from regulatory requirements[95]. - The board of directors executed all resolutions from the shareholders' meetings, demonstrating effective governance[119]. - The board of directors attended 32 meetings, with 2 in-person attendances and 30 via communication methods, ensuring active participation in decision-making[123]. - The company has established a performance assessment system to determine the remuneration of senior management[116]. - The company has established a comprehensive labor and compensation system, ensuring independent management of its workforce[97]. - The company has not faced any penalties from securities regulatory authorities in the past three years[115]. Market Expansion and Strategy - The company aims to expand its market presence in the semiconductor and electronic manufacturing sectors, leveraging technological advancements and strategic partnerships[27]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[108]. - The company is focusing on sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[106]. - The company plans to accelerate the expansion of quality production capacity in the semiconductor storage industry while improving its R&D, engineering processes, and operational delivery capabilities[90]. - The company is actively pursuing new product development and technological advancements to strengthen its market position[125]. Research and Development - The company has established advanced testing and R&D laboratories in multiple locations, including Shenzhen and Malaysia, enhancing its technical analysis and R&D capabilities[29]. - The company’s R&D expenses increased by 21.64% to ¥310,326,547.06 from ¥255,116,919.67 in the previous year[55]. - The company is investing in R&D for new technologies, with a budget allocation of $50 million for the next fiscal year[107]. - The company has focused on enhancing its R&D and core intelligent manufacturing workforce to attract and retain key employees[132]. Risk Management - The company has outlined potential risks associated with its future plans and development strategies, urging investors to remain cautious[2]. - The company has established a strict internal evaluation and monitoring mechanism for its foreign exchange trading activities, ensuring risk control[76]. - The company recognizes the need for ongoing training for its board members and management to ensure compliance with relevant laws and regulations[154]. Environmental Responsibility - The company has implemented a pollution prevention and control system, ensuring stable operation and compliance with environmental standards since its establishment[158]. - The company has passed ISO14000 and ISO18000 certifications, demonstrating its commitment to environmental management and sustainable practices[161]. - The company reported a total pollutant discharge of 2.08 tons/year for suspended solids and 6.6 tons/year for chemical oxygen demand, both meeting the required discharge standards[158]. Employee Management - The total number of employees at the end of the reporting period was 26,917, with 24,855 in production, 1,527 in technology, and 144 in sales[130]. - The company has established a differentiated incentive mechanism based on employee capabilities, positions, and performance to stimulate employee development[132]. - The company has no stock incentive plans, employee stock ownership plans, or other employee incentive measures in place during the reporting period[143]. Related Party Transactions - The company engaged in related party transactions, including purchasing goods from China Great Wall, totaling RMB 53.0712 million, accounting for 0.48% of similar transactions[175]. - The company did not exceed the approved transaction limits for any related party transactions during the reporting period[175]. - The company has a loan limit of 500,000 million yuan with China Electronics Finance Co., Ltd., with an interest rate range of 3.5%-3.75%[179]. Internal Control - The internal control system has been continuously established and effectively implemented, ensuring compliance and operational efficiency[144]. - The company maintained effective internal controls in all significant aspects as of December 31, 2021, according to the internal control audit report[153]. - The company has established a zero-tolerance policy for bribery and corruption, ensuring the legality and compliance of operations[144].