康强电子(002119) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥2,194,615,906.01, representing a 41.71% increase compared to ¥1,548,632,508.79 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥181,236,420.71, a significant increase of 106.11% from ¥87,930,951.38 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥167,470,658.29, up 121.37% from ¥75,651,573.71 in 2020[21]. - The company reported a diluted earnings per share of ¥0.48 for 2021, which is an increase of 108.70% compared to ¥0.23 in 2020[22]. - In 2021, the company achieved total revenue of CNY 2,194,615,906.01, representing a growth of 41.71% compared to the previous year[48]. - The company's net profit attributable to shareholders reached CNY 181,236,420.71, an increase of 106.11% year-on-year[48]. - The company reported a total distributable profit of CNY 492,629,453.80 for the period[140]. - The cash dividend accounted for 100% of the total profit distribution amount[140]. Market and Industry Context - The company is significantly affected by the semiconductor industry's cyclical nature, which impacts its operational performance due to market demand fluctuations and intense product competition[4]. - The global semiconductor industry sales reached $555.9 billion in 2021, a 26.2% increase from $440.4 billion in 2020, indicating strong market growth[32]. - The trend in the semiconductor packaging market is shifting towards high-density packaging, with advanced packaging materials expected to become mainstream[33]. - 国家政策支持集成电路产业发展，预计行业将保持快速增长态势[41]. - 中国集成电路进口额达到出口额的3倍，自给率仍处于较低水平，国产化程度亟待提高[42]. Raw Material and Risk Management - Major raw materials, including copper, gold, and silver, constitute a high proportion of the company's product costs, making it vulnerable to price volatility in these materials[4]. - The company has implemented risk mitigation strategies for raw material price fluctuations, including zero inventory for key materials, optimizing supplier configurations, centralized procurement, and hedging[4]. - The company has a risk exposure to exchange rate fluctuations due to its export sales and imported raw materials, which can affect revenue and costs[4]. - The company emphasizes the importance of closely monitoring market demand trends and actively adjusting product structures to mitigate operational risks[4]. - The company aims to effectively mitigate risks associated with raw material price fluctuations through its derivative investments[83]. Research and Development - 公司拥有35项发明专利和106项实用新型专利，研发人员达到120人[44]. - The company's R&D investment increased by 30.49% to ¥80,346,701.13 in 2021, compared to ¥61,572,582.94 in 2020, representing 3.66% of total revenue[68]. - The number of R&D personnel rose to 120 in 2021, a 13.21% increase from 106 in 2020, with a slight decrease in the proportion of R&D staff to total employees from 11.50% to 11.30%[68]. - The company plans to invest in R&D projects, including two major technology projects in Ningbo, focusing on advanced packaging technology and key materials[91]. - The company is committed to becoming a significant global supplier of semiconductor metal materials while enhancing its core competitiveness[90]. Corporate Governance and Management - The company has established a comprehensive risk management system for its hedging activities, ensuring compliance with relevant laws and regulations[83]. - The company has a complete and independent production, supply, and sales system, with no reliance on the controlling shareholder[104]. - The company has three independent directors on its board, ensuring compliance with legal and regulatory requirements[101]. - The company has a comprehensive internal control system and governance structure that meets the standards set by relevant laws and regulations[100]. - The company has a clear strategy for shareholder returns for the period 2021-2023, which was discussed in the shareholders' meeting[107]. Environmental and Social Responsibility - The company has committed to strict compliance with environmental regulations, ensuring that wastewater and exhaust emissions meet standards[153]. - The company has achieved a water reuse rate of over 85%, contributing to its sustainable development strategy[160]. - The company donated 300,000 yuan annually to the "Kangqiang Charity Poverty Alleviation Fund" to support poverty alleviation and rural revitalization efforts[161]. - The company has implemented a comprehensive emergency response plan for environmental incidents and conducts annual drills[155]. Future Outlook and Strategic Plans - The company aims to achieve a revenue target of 1.8 billion in 2022, although this is subject to market demand and other uncertainties[91]. - The company plans to strengthen its safety management training to ensure stable safety production conditions[94]. - The company is expanding its product line to include high-end packaging materials such as QFN etching frames and bonding wires[90]. - The company plans to distribute cash dividends amounting to at least 10% of the annual distributable profit for the years 2021-2023[170]. - The company will implement a stock incentive plan to enhance shareholder value and align interests[169].