Haite(SZ:002023)2022-04-25 16:00Financial Performance - Sichuan Haite High-tech Co., Ltd. reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[25]. - The company's net profit attributable to shareholders reached RMB 150 million, an increase of 20% compared to the previous year[25]. - The company's operating revenue for 2021 was ¥840,824,590.80, a decrease of 12.79% compared to ¥964,133,093.54 in 2020[33]. - The net profit attributable to shareholders in 2021 was ¥735,828,252.89, a significant increase of 2,220.94% from ¥31,703,936.20 in 2020[33]. - The net cash flow from operating activities increased by 35.16% to ¥317,903,120.30 in 2021, compared to ¥235,208,181.87 in 2020[33]. - The basic earnings per share for 2021 was ¥0.9890, up 2,260.38% from ¥0.0419 in 2020[33]. - The company reported a significant non-operating income of ¥874,340,699.41 in 2021, primarily from the disposal of non-current assets[44]. - The weighted average return on equity for 2021 was 19.63%, a substantial increase from 0.89% in 2020[33]. - The company experienced a net loss of ¥138,512,446.52 attributable to non-recurring gains and losses in 2021, compared to a profit of ¥30,390,450.35 in 2020[33]. - The company has outlined a performance guidance for 2022, expecting a revenue growth of 10-15% and a net profit growth of 15-20%[25]. Market Expansion and Strategy - Sichuan Haite aims to expand its market presence by entering two new international markets in 2022, targeting a revenue contribution of 10% from these markets[25]. - The company plans to invest RMB 200 million in research and development for new technologies and products in 2022[25]. - The company is focusing on strategic acquisitions, with plans to acquire a complementary technology firm by the end of 2022[25]. - The company is considering strategic acquisitions to enhance its technological capabilities, with a budget of 300 million yuan allocated for potential deals[163]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[175]. - The company is actively pursuing new research tasks and aims to transition key national research projects into mass production stages[139]. Research and Development - The company has 26 ongoing research projects, with multiple projects successfully delivered and recognized by clients[76]. - The company is investing 200 million yuan in R&D for new aviation technologies, aiming to launch two new products by the end of 2022[175]. - The company has applied for a total of 614 patents, including 190 invention patents, with 465 patents currently authorized, showcasing its strong technological innovation capabilities[68]. - The company has achieved breakthroughs in GaN, GaAs, and optoelectronic technology, with 10 new process models completed by the end of 2021[79]. - The company is focusing on high-performance integrated circuit design and manufacturing as part of its strategic development[133]. - The company plans to establish a dedicated technical team to advance the development of drone power systems, further diversifying its product offerings[136]. Operational Efficiency and Workforce - The company plans to increase its workforce by 15% to support growth initiatives and new projects[175]. - The company has a robust management system focusing on customer-centric values and operational efficiency, enhancing its internal control and performance assessment mechanisms[71]. - The company is focusing on enhancing its capabilities in aircraft maintenance and repair, particularly for new aircraft models, to increase its market share[136]. - The number of R&D personnel decreased by 22.40% to 246, with a notable reduction in the number of personnel holding advanced degrees[99]. - The total number of employees at the end of the reporting period was 1,179, with 138 in the parent company and 1,041 in major subsidiaries[197]. Corporate Governance - The company held 2 shareholder meetings during the reporting period, with all submitted matters approved by shareholders, and no proposals were rejected[144]. - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[145]. - The company has established a stock option incentive plan for 2021, laying a solid foundation for long-term development[147]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance[148]. - The company has a robust internal audit system, with an independent internal audit department reporting to the audit committee of the board[147]. Industry Outlook - The demand for high-end equipment manufacturing is expected to increase due to national economic transformation and defense security needs, indicating a promising growth outlook for the company's R&D and manufacturing business[49]. - Boeing forecasts that China will need approximately 8,700 new commercial aircraft over the next 20 years, valued at $1.4 trillion, with a projected annual growth rate of 5.5% in passenger traffic[49]. - The global civil flight simulation market is expected to grow at a rate higher than 3.4% annually, with a demand for 435 new simulators in China due to the anticipated addition of 8,700 civil aircraft[52]. - The aviation service market in China is projected to reach USD 1.8 trillion over the next 20 years, driven by expanding market needs[133]. Financial Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 6.3648 million[180]. - The remuneration system for senior management is based on performance indicators linked to annual operational goals, promoting motivation and retention of talent[180]. - The total remuneration for the top three highest-paid executives was CNY 1.2 million, with Liu Dongzhi, a former deputy general manager, receiving CNY 879,600 before leaving[180]. - The company has implemented a performance evaluation and incentive mechanism to enhance operational efficiency and employee motivation[147].