TPC(SZ:002134)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was CNY 700,075,382.20, representing a 52.89% increase compared to CNY 457,891,628.98 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 26,928,728.50, a significant increase of 314.20% from CNY 6,501,311.44 in 2020[21]. - The net profit after deducting non-recurring gains and losses reached CNY 23,853,003.37, up 2,077.31% from CNY 1,095,526.43 in 2020[21]. - The net cash flow from operating activities was CNY 96,421,003.73, an increase of 557.23% compared to CNY 14,670,767.51 in 2020[21]. - Basic earnings per share for 2021 were CNY 0.11, a 266.67% increase from CNY 0.03 in 2020[21]. - Total assets at the end of 2021 amounted to CNY 787,910,956.49, reflecting a 32.41% increase from CNY 595,063,583.84 at the end of 2020[21]. - The net assets attributable to shareholders were CNY 426,036,552.04 at the end of 2021, a 6.99% increase from CNY 398,204,272.67 at the end of 2020[21]. - The weighted average return on net assets for 2021 was 6.53%, up from 1.65% in 2020, indicating improved profitability[21]. Revenue and Market Growth - In Q1 2021, the company's operating revenue was approximately CNY 138.15 million, increasing to CNY 201.36 million in Q3, representing a growth of 45.7% from Q1 to Q3[25]. - The net profit attributable to shareholders was CNY 1.26 million in Q1, rising to CNY 9.91 million in Q3, marking a significant increase of 687.5%[25]. - The PCB industry is expected to grow, with a projected global market value increase of 5.2% in 2022, and China's market growth forecasted at 4.8%[30]. - Domestic revenue accounted for 46.59% of total revenue, while overseas revenue made up 53.41%, with overseas revenue increasing by 71.93% year-on-year[41]. Production and Capacity - The company aims to expand its production capacity through self-built, cooperative, and external methods to achieve leapfrog development[31]. - In 2021, the company achieved historical high production capacity without new production lines, indicating operational efficiency[37]. - The company plans to invest 970 million yuan to build two new production lines with an annual capacity of 1.2 million square meters, focusing on industrial control, automotive, medical, and aerospace products[38]. - The company approved an investment plan for an intelligent factory project with a total investment of CNY 971.39 million, aiming to produce 1.2 million square meters of automotive and communication PCBs annually[72]. Research and Development - Research and development expenses increased by 41.77% to 22.10 million yuan, reflecting the company's commitment to new product and technology development[51]. - R&D investment increased by 41.77% from 15,587,139.51 CNY in 2020 to 22,097,840.30 CNY in 2021[52]. - The number of R&D personnel remained unchanged at 48, with a proportion of 5.69% in 2021 compared to 5.31% in 2020[52]. Corporate Governance and Management - The company has established a transparent performance evaluation and incentive mechanism, effectively motivating senior management and improving operational management levels[81]. - The company has a fully independent financial department, adhering to accounting laws and standards, and operates a complete and standardized financial accounting system[84]. - The company has developed a comprehensive business system that allows for independent decision-making and operations, without reliance on the controlling shareholder or related parties[85]. - The company is committed to maintaining high standards of corporate governance with the election of independent directors to ensure transparency and accountability[93]. Environmental Compliance - The company achieved a total of 136.172 tons for COD emissions, which is compliant with the Tianjin wastewater discharge standards[128]. - The company maintained stable compliance with pollution discharge standards for BOD, total phosphorus, and total copper, with no exceedances reported[128]. - The company has implemented strict internal controls and governance measures, ensuring no significant violations or risks were identified during self-inspection[125]. - The company invested in new wastewater treatment equipment to reduce pollutant discharge, with a new wastewater treatment plant approved in September 2021[129]. Financial Management - The company has engaged Tianzhi International Accounting Firm for its 2020 annual audit, with a summary report submitted for board review[110]. - The audit opinion for the financial statements was a standard unqualified opinion, issued on April 25, 2022, by Tianzhi International Accounting Firm[184]. - The company has not reported any significant changes in its major shareholders or their shareholding structure[177]. Employee and Training - The total number of employees at the end of the reporting period was 844, with 717 in production, 21 in sales, 48 in technology, 8 in finance, and 50 in administration[113]. - The company has established a comprehensive training system covering various areas such as safety, legal knowledge, quality management, and professional skills[116]. - The company has established a competitive compensation and performance evaluation system to enhance employee development[132].