OIMT(SZ:002175)2022-03-25 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥233.81 million, representing a 10.53% increase compared to ¥211.54 million in 2020[21]. - The net profit attributable to shareholders for 2021 was approximately ¥409.39 million, a significant recovery from a loss of ¥1.08 billion in 2020, marking a 138.08% increase[21]. - Basic earnings per share for 2021 were ¥0.3206, a turnaround from a loss of ¥0.8421 per share in 2020, reflecting a 138.07% increase[21]. - The company reported a comprehensive diluted earnings per share of CNY 0.3206 based on the latest share capital[22]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a 25% year-over-year growth[108]. - The company provided guidance for the next quarter, expecting revenue to grow by 20% to 1.44 billion yuan[108]. - The company reported a significant improvement in its financial performance, with total revenue increasing by 20% year-over-year[150]. Cash Flow and Assets - The net cash flow from operating activities for 2021 was approximately -¥10.93 million, a decline of 127.88% compared to ¥39.20 million in 2020[21]. - The company's total assets at the end of 2021 were approximately CNY 616.51 million, a slight increase of 0.25% compared to the end of 2020[22]. - Operating cash inflow for 2021 was $270.26 million, an increase of 12.41% compared to 2020[69]. - Operating cash outflow for 2021 was $281.19 million, a significant increase of 39.73% year-over-year[69]. - Total assets at the end of 2021 amounted to $616.56 million, with cash and cash equivalents representing 12.51% of total assets[74]. Business Strategy and Operations - The company has shifted its focus back to the production and sales of digital measuring tools after divesting from the loss-making cultural media segment[20]. - The company aims to become a leading and world-class precision measuring instrument manufacturer and measurement service provider[34]. - The company has been actively expanding its business model to include comprehensive management services in industrial parks[20]. - The company is positioning itself as a comprehensive service provider for industrial park design, planning, construction management, and operation, responding to national industrial development trends[43]. - The company is focusing on high-quality development to improve profitability and risk resistance, particularly in emerging markets[80]. Research and Development - The company plans to enhance its product structure and expand its product line through continuous R&D investment to maintain its competitive edge in the precision measuring instrument industry[34]. - The company significantly increased its R&D investment by 112.63% to 14,699,440.94 yuan, which is 6.29% of the operating revenue[68]. - The company is developing a hybrid positioning electromagnetic induction displacement sensor, aiming for IP67 waterproof performance and reduced power consumption[64]. - The company has launched a full series of Bluetooth digital measuring instruments in 2021, receiving positive consumer feedback and marking a new era in measurement IoT[40]. Market and Sales - Domestic sales accounted for 82.46% of total revenue, amounting to ¥192,791,979.93, while international sales increased by 36.20% to ¥41,015,894.80[50]. - The measurement tools segment generated revenue of ¥233,237,395.91, a 10.36% increase compared to the previous year, with a gross margin of 33.52%[49]. - The company aims to enhance brand value and expand market share through high-end measurement tools branding and improved product quality[44]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share within the next two years[154]. Governance and Compliance - The company has established a complete and independent governance structure, complying with relevant laws and regulations, ensuring no significant discrepancies with the regulatory requirements set by the China Securities Regulatory Commission[96]. - The board of directors includes three independent directors, accounting for over one-third of the total board members, ensuring fair and independent decision-making[94]. - The company emphasizes fair and timely information disclosure, adhering to the regulations and maintaining open communication with investors[95]. - The company has committed to compliance with the Securities Law and has faced consequences for previous violations[112]. Legal and Regulatory Matters - The company received a public reprimand from the Shenzhen Stock Exchange due to financial accounting report issues for the year 2018, including significant accounting errors and failure to disclose major lawsuits in a timely manner[171]. - The company won a lawsuit against Fantasy Dreamworks for a contract dispute involving an amount of 1,087,000 RMB, with the court ruling in favor of the company[169]. - The company lost a lawsuit against Rongju Tianxia Investment Management for a partnership dispute involving an amount of 105,324,300 RMB, and has fulfilled its compensation obligations[169]. Shareholder Engagement and Remuneration - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 419.27 million[113]. - The company has established a performance-based remuneration system for its directors and senior management, linking pay to company performance and individual assessments[113]. - The company is actively engaging in shareholder communication, as evidenced by the scheduled temporary shareholder meetings to discuss important financial matters[100]. Future Commitments and Plans - The company has committed to achieving a net profit of no less than 250 million yuan, with the performance commitment period spanning three accounting years[138]. - The company is currently fulfilling its commitment regarding the lock-up period for shares acquired, which lasts for three years from December 27, 2021[138]. - The company is actively working on fulfilling its commitments related to performance and shareholding regulations[138].