SUNYES(SZ:002388)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was CNY 2,319,586,820.21, representing a 13.75% increase from CNY 2,039,231,422.41 in 2020[19]. - Net profit attributable to shareholders decreased by 13.82% to CNY 60,414,537.17 from CNY 70,099,643.78 in the previous year[19]. - The net cash flow from operating activities was negative at CNY -132,390,783.24, a decline of 156.22% compared to CNY 235,480,327.55 in 2020[19]. - The basic earnings per share fell by 14.29% to CNY 0.12 from CNY 0.14 in 2020[19]. - Total assets decreased by 8.79% to CNY 2,241,815,809.68 at the end of 2021 from CNY 2,457,955,332.93 at the end of 2020[19]. - The net assets attributable to shareholders increased by 17.93% to CNY 1,424,208,820.56 from CNY 1,207,720,005.64 in the previous year[19]. - In 2021, the company reported a total of CNY 1,615,835.18 in non-recurring gains and losses, down from CNY 5,711,366.09 in 2020[24]. - The electronic process industry contributed CNY 2,229,600,846.00, accounting for 96.12% of total revenue, with a year-on-year growth of 15.00%[60]. - The company has seen a significant increase in revenue from electronic components, which grew by 73.65% year-on-year, reaching CNY 834,254,528.62[60]. - The company's revenue for the electronic processing industry reached ¥2,229,600,846, representing a year-on-year increase of 10.05%[63]. Strategic Initiatives - The company has signed a strategic cooperation agreement with Zhuhai Gree Financial Investment Management Co., aiming to introduce Gree Group as a strategic shareholder[14]. - The company plans to expand its product offerings into new sectors such as new energy vehicles, photovoltaic power stations, energy storage battery systems, and Mini LED technology[100]. - The company is focused on enhancing its technological capabilities and service offerings to meet the increasing demands of clients in the electronic manufacturing sector[31]. - The company aims to enhance customer dependency through technical support and comprehensive services, establishing closer cooperation with electronic manufacturing enterprises[47]. - The company is actively pursuing mergers and acquisitions to bolster its market position and drive future growth[128]. - The company has expanded its market presence in emerging sectors such as new energy vehicles, photovoltaic power stations, and Mini LED, enhancing its product and customer structure[55]. Governance and Compliance - The company has established a sound organizational structure that operates independently without subordination to controlling shareholders[121]. - The company has independent financial accounting and management systems, allowing for autonomous financial decision-making[121]. - The company has recorded no significant discrepancies between its governance practices and the regulations set by the China Securities Regulatory Commission[118]. - The company has not faced any penalties from securities regulatory authorities in the past three years[133]. - The company has established an internal audit system to effectively supervise and control daily operations, internal controls, and significant related party transactions[120]. - The company will strengthen its governance structure and internal controls to ensure compliance with laws and regulations, aiming for standardized and effective decision-making processes[102]. Research and Development - The company is committed to technological development in metal corrosion prevention and purification products[17]. - The company focuses on R&D for process technology and products, optimizing existing products and developing new ones based on industry trends and customer needs[34][35][36]. - The company plans to increase R&D investment, particularly in core process products such as electronic adhesives, to improve product technology and enhance competitive strength[103]. - The company has completed the development of a high-precision silicone viscosity testing instrument, which improves production capacity and product quality[73]. - The company has developed a fast-curing ITO moisture-proof adhesive, improving construction efficiency and corrosion resistance for ITO glass[76]. Risk Management - The company has a comprehensive risk management strategy outlined in the report, addressing potential future risks[4]. - The company is addressing high customer concentration risk by diversifying its product lines and enhancing service capabilities to improve customer satisfaction and reduce dependency on major clients[108]. - The company faces risks related to accounts receivable due to its growing revenue, and it plans to enhance internal controls and customer selection to mitigate this risk[109]. - The company is addressing raw material price volatility by optimizing supplier relationships and adjusting procurement strategies to manage costs effectively[111]. Employee and Management - The total number of employees at the end of the reporting period is 421, with 135 from the parent company and 286 from major subsidiaries[149]. - The company has established an employee stock ownership plan, repurchasing 1,742,500 shares for this initiative, and has granted 6,697,500 restricted stocks to 56 key personnel[58]. - The company has implemented a restricted stock incentive plan for 2021, proposing to grant 8.2575 million shares at a price of 2.87 yuan per share[157]. - The company has revised its compensation management policy to improve competitiveness and motivate employees effectively[150]. - The company has established a performance evaluation mechanism for senior management, linking their compensation directly to performance metrics[162]. Market Position and Client Relationships - The company has established a strong position in the electronic process industry, providing personalized process services and products to major clients such as Huawei and OPPO[31]. - The company has accumulated a wealth of high-quality client resources, including renowned electronic manufacturers such as Huawei, Lite-On, OPPO, Honor, and Flex[50]. - The company's top five customers accounted for 68.16% of total annual sales, with Huawei Technologies Co., Ltd. alone contributing 54.18%[71]. - The company provides a "one-stop" service that enhances production efficiency and product quality for upstream and downstream clients, reducing production and procurement costs[33]. Environmental and Social Responsibility - The company strictly adheres to environmental protection laws and promotes green development, ensuring compliance with the Environmental Protection Law and Water Pollution Prevention Law[183]. - The company actively fulfills social responsibilities, investing in employee health and safety, and conducting regular health checks and emergency drills[184].