YSDZ(SZ:002289)2022-04-07 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[15]. - The company's operating revenue for 2021 was ¥183,859,666.59, representing a 31.87% increase compared to ¥139,420,849.38 in 2020[22]. - The company reported a total of ¥166,665,447.78 in operating revenue after deducting unrelated income for 2021, compared to ¥133,542,066.96 in 2020[22]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year increase of 20%[105]. - The company reported a gross margin of 35%, which is an improvement from 30% in the previous year[105]. - The company reported a total operating revenue of ¥139,420,849.38 for the year 2020, with a net profit attributable to shareholders of -¥31,535,613.09[195]. User Growth and Market Expansion - User data showed a growth in active users by 20%, reaching a total of 2 million active users by the end of 2021[15]. - User data showed a growth in active users by 15%, reaching 3 million active users by the end of 2021[105]. - The company has initiated a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share in the region by 2023[15]. - Market expansion plans include entering two new international markets, aiming for a 5% market share within the first year of entry[105]. Research and Development - The company plans to invest RMB 200 million in R&D for new product development in 2022, focusing on smart electronics and IoT technologies[15]. - The company is investing 100 million RMB in R&D for new technologies, focusing on enhancing product efficiency and sustainability[105]. - R&D expenses increased by 22.10% to ¥4,369,823.02 in 2021 from ¥3,579,012.80 in 2020, attributed to the increase in new product project approvals[56]. - The number of R&D personnel rose by 19.44% to 43 in 2021 from 36 in 2020, with R&D personnel accounting for 10.44% of the total workforce[55]. - The company is developing several new products, including a high-resolution black and white module and a 5.2" full HD touch display module, aimed at enhancing market competitiveness[54]. Strategic Acquisitions - A strategic acquisition of a local tech firm was completed for RMB 300 million, enhancing the company's capabilities in software development[15]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 300 million RMB allocated for potential deals[105]. - The company plans to acquire 100% equity of a subsidiary for a transfer price of 90,000 million yuan, which is expected to enhance its asset quality and profitability[179]. Operational Challenges and Risks - The management highlighted potential risks including supply chain disruptions and increased competition in the electronics market[6]. - The company faced challenges due to rising raw material prices and supply shortages but implemented strategic inventory measures to meet customer demand[34]. - The company is facing challenges such as high raw material prices and supply chain issues, impacting its TFT display business development[81]. - The overall economic recovery in China remains unstable and uneven, affecting consumer demand and investment[77]. - The macroeconomic environment poses risks, including geopolitical conflicts and pandemic uncertainties, which may impact production and delivery[83]. - There is a risk of declining gross margins due to material price fluctuations and intense industry competition, prompting the company to adjust its procurement strategies[84]. Corporate Governance and Compliance - The company adheres to legal regulations to ensure fair treatment of all shareholders, holding two shareholder meetings in the reporting period[88]. - The board of directors consists of five members, including three independent directors, ensuring compliance with governance standards[89]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[91]. - The company has implemented an internal control and risk management system, with a dedicated internal audit department overseeing compliance and operational activities[93]. - The company has established a complete and reasonable corporate governance structure in compliance with relevant laws and regulations[142]. Employee Management and Compensation - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.72 million[112]. - The company has revised its remuneration management system for directors, supervisors, and senior management, linking their salaries to performance evaluations[110]. - The company’s performance evaluation system for senior management includes basic salary, performance salary, and bonuses[110]. - The company has implemented a comprehensive training program focusing on skill enhancement and management training[129]. Environmental and Social Responsibility - The company is committed to sustainability and plans to implement eco-friendly practices in its manufacturing processes by 2023[15]. - The company has not engaged in poverty alleviation or rural revitalization efforts during the reporting period and has no related plans[149]. - The company is committed to environmental management and safety training for employees, promoting energy conservation and environmental awareness[148]. Financial Independence and Related Party Transactions - The company guarantees the establishment of an independent financial department and accounting system to ensure financial independence[156]. - The company has pledged to avoid any illegal occupation of its assets and resources by related parties[156]. - The company will ensure that all transactions with related parties are conducted at market fair prices to protect its interests[156]. - The company has made commitments regarding the avoidance of competition and related party transactions, ensuring compliance with legal and regulatory requirements[161].