水晶光电(002273) - 2021 Q4 - 年度财报

Financial Performance - The company reported a profit distribution plan to distribute a cash dividend of 2 RMB per 10 shares (including tax) to all shareholders[4]. - The company's operating revenue for 2021 was ¥3,809,382,068.35, representing an increase of 18.18% compared to ¥3,223,426,440.04 in 2020[15]. - The net profit attributable to shareholders for 2021 was ¥442,179,153.57, a slight decrease of 0.27% from ¥443,379,840.05 in 2020[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥368,583,916.75, which is an increase of 3.94% from ¥354,596,001.62 in 2020[15]. - The net cash flow from operating activities increased by 30.50% to ¥708,944,374.55 in 2021, compared to ¥543,240,356.36 in 2020[15]. - The total assets at the end of 2021 were ¥9,835,128,678.28, reflecting a growth of 30.91% from ¥7,512,658,833.37 at the end of 2020[16]. - The net assets attributable to shareholders increased by 43.26% to ¥8,061,349,838.70 at the end of 2021, compared to ¥5,627,088,189.56 at the end of 2020[16]. - The basic earnings per share for 2021 was ¥0.34, down 8.11% from ¥0.37 in 2020[15]. - The weighted average return on equity for 2021 was 6.71%, a decrease of 1.61% from 8.32% in 2020[15]. - The company achieved a notable improvement in the performance of its optical low-pass filters, which effectively reduce moiré patterns and enhance color accuracy in digital cameras and surveillance systems[29]. Business Segments and Market Trends - The main business has gradually extended from precision optical film components to optical panel products, semiconductor optical products, automotive electronics (AR+), and reflective materials[12]. - The company operates in the electronic industry, specifically focusing on optical technology and products[12]. - The company has established five major business segments: optical components, film optical panels, semiconductor optics, automotive electronics (AR+), and reflective materials, focusing on innovation in optical technologies[28]. - The automotive electronics market is expected to expand significantly due to the increasing demand for smart and electric vehicles, with a focus on advanced components like heads-up displays and laser radar[24]. - The reflective materials industry in China is witnessing strong growth, with domestic production improving in quality and cost-effectiveness, leading to a shift towards local brands[27]. - The consumer electronics industry is experiencing growth driven by the integration of 5G and AI technologies, with a focus on high-end smartphone features and optical innovations[23]. Research and Development - The company is investing in R&D for new technologies, including screen-under fingerprint coatings and advanced optical films, to maintain competitive advantages in the market[30]. - The company has established a comprehensive technology innovation system, focusing on key areas such as smart homes and smart vehicles[40]. - The company holds a total of 354 valid patents, including 33 invention patents, indicating a strong focus on technological advancement[40]. - The number of R&D personnel increased to 729 in 2021, a rise of 2.24% compared to 713 in 2020[63]. - Research and development expenses accounted for approximately 6.41% of total revenue, reflecting the company's commitment to innovation[40]. Corporate Governance - The company emphasizes strict compliance with information disclosure regulations, ensuring timely and accurate reporting[115]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[112]. - The supervisory board is composed of 3 members, with 2 shareholder representatives and 1 employee representative, meeting regulatory standards[113]. - The company has established a robust performance evaluation and incentive mechanism for employees to foster a fair and efficient work environment[114]. - The company maintains independence from its controlling shareholder, with no interference in decision-making or financial transactions[113]. Environmental Responsibility - The company has wastewater treatment capacity of 2,700 tons/day and 2,200 tons/day, with facilities operating effectively[170]. - The company’s wastewater discharge meets the electronic industry standards GB 39731-2020, with total nitrogen and phosphorus levels compliant with DB33/887-2013[170]. - The company has implemented a "clean production" plan, resulting in significant energy savings, reduced waste generation, and improved environmental benefits[173]. - The company has achieved compliance with various environmental monitoring standards, including wastewater, noise, and air emissions[173]. - The company donated 1 million yuan for disaster relief in response to severe flooding in Zhengzhou, demonstrating its commitment to social responsibility[178]. Future Outlook and Strategic Plans - The company aims for a total revenue growth of 20% to 50% in 2022, although this is subject to various uncertainties[87]. - The company plans to deepen its focus on the "Optics+" strategy, targeting consumer electronics and expanding into smart automotive and AR/VR sectors[86]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[138]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[106]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2023[105].