SKYWORTHDT(SZ:000810)2022-03-21 16:00Dividend and Financial Reporting - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares, with no bonus shares issued[7]. - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or omissions[6]. - The report outlines the company's commitment to transparency and accountability in its financial reporting[6]. - The annual report includes a comprehensive analysis of the company's financial performance and key indicators[11]. - The company emphasizes the importance of maintaining sufficient risk awareness regarding forward-looking statements and plans[7]. - The company has disclosed potential risk factors that may adversely affect its future development strategies and operational goals[7]. Financial Performance - The company's operating revenue for 2021 was ¥10,846,559,580.07, representing a 27.49% increase compared to ¥8,507,806,781.17 in 2020[38]. - The net profit attributable to shareholders for 2021 was ¥421,783,006.33, a 9.93% increase from ¥383,695,074.99 in 2020[38]. - The net profit after deducting non-recurring gains and losses decreased by 28.10% to ¥249,440,236.91 from ¥346,902,768.39 in 2020[38]. - The net cash flow from operating activities was ¥189,963,544.91, down 92.23% from ¥2,446,407,146.99 in 2020[38]. - The total assets at the end of 2021 were ¥11,197,233,579.56, a 9.24% increase from ¥10,250,139,368.19 at the end of 2020[38]. - The net assets attributable to shareholders increased by 7.72% to ¥4,526,477,416.13 from ¥4,202,130,475.86 at the end of 2020[38]. - The basic earnings per share for 2021 was ¥0.40, an increase of 8.11% from ¥0.37 in 2020[38]. - The diluted earnings per share for 2021 was ¥0.40, up 11.11% from ¥0.36 in 2020[38]. - The weighted average return on equity for 2021 was 9.68%, slightly up from 9.65% in 2020[38]. Market Expansion and Product Development - The company has established a subsidiary focused on smart automotive technology, enhancing its product offerings in the automotive sector[18]. - The company is actively pursuing market expansion and technological innovation in the smart home and digital broadcasting sectors[18]. - The report highlights the company's strategic focus on high-definition and ultra-high-definition display technologies, including 4K and 8K resolutions[21]. - The company is committed to developing new products and technologies to meet the increasing bandwidth demands of modern digital services[21]. - The company achieved a market share of 32.26% in the smart home gateway procurement project for China Mobile, marking a significant milestone in its market expansion efforts[52]. - The company is positioned as a leader in the digital set-top box industry, with a strong competitive edge and brand reputation in both domestic and international markets[50]. Research and Development - The company has a strong R&D advantage with multiple research institutions and holds the most patents in the domestic digital smart set-top box industry[80]. - The company completed the R&D of the 8K set-top box and has entered the market promotion phase, aiming to standardize 8K set-top box products and lead industry development[111]. - R&D investment amounted to ¥563,298,910.04 in 2021, an increase of 8.93% compared to ¥517,101,353.27 in 2020, with R&D investment accounting for 5.19% of operating revenue[114]. - The number of R&D personnel increased to 1,457 in 2021, representing a growth of 9.71% from 1,328 in 2020, with R&D personnel now making up 19.09% of the total workforce[114]. Challenges and Risks - The company reported a significant decline in cash flow from operations, indicating potential liquidity challenges moving forward[38]. - The company faced a shortage of WiFi chips, impacting the sales of XGPON products, which did not meet planned market scale[76]. - The operating service business reported revenue of 253.72 million, a year-on-year decline of 2.21% due to overseas service revenue drop[77]. Strategic Partnerships and Collaborations - The company has established partnerships with over 10 domestic and joint venture automotive manufacturers for central control displays and digital dashboards[62]. - The company is committed to building a digital ecosystem around "system + terminal + application" in collaboration with telecom operators and content providers[65]. Future Outlook - The company plans to enhance its market share in the domestic broadband and smart home ecosystem, focusing on 10G PON and 5G intelligent networking products[173]. - The company anticipates significant growth in the digital economy, with major telecom operators accelerating the construction of digital information infrastructure and enhancing 5G networks in 2022[194]. - The demand for new generation communication devices, such as 10G PON and WiFi6 routers, is expected to surge starting in 2022, driven by the growth of fixed broadband users in China[191]. - The company aims to leverage its competitive advantages in the domestic and international markets, particularly with its open content ecosystem and comprehensive supply chain capabilities[200].