Star-net(SZ:002396)2022-03-24 16:00Financial Performance - The company's operating revenue for 2021 was ¥13,548,675,867.07, representing a 31.49% increase compared to ¥10,304,234,309.56 in 2020[30]. - The net profit attributable to shareholders for 2021 was ¥550,406,616.52, up 27.59% from ¥431,379,738.06 in 2020[30]. - The net profit after deducting non-recurring gains and losses was ¥495,952,988.82, a 23.65% increase from ¥401,082,759.58 in 2020[30]. - The company's total assets at the end of 2021 were ¥11,122,958,343.17, reflecting a 27.62% increase from ¥8,715,629,599.90 at the end of 2020[30]. - The basic earnings per share for 2021 was ¥0.9436, which is a 27.58% increase compared to ¥0.7396 in 2020[30]. - The net cash flow from operating activities for 2021 was ¥449,886,057.69, down 39.21% from ¥740,063,570.02 in 2020[30]. - The company received government subsidies amounting to ¥92,576,177.83 in 2021, compared to ¥59,700,526.73 in 2020[36]. - The weighted average return on equity for 2021 was 12.39%, an increase of 2.20% from 10.19% in 2020[30]. - The company reported a net profit of ¥67,558,001.09 in Q4 2021, with total revenue for the quarter reaching ¥4,357,489,807.79[35]. - The company's total revenue for 2021 reached RMB 13,548,675,867.07, representing a year-on-year growth of 31.49%[52]. - The operating profit for 2021 was RMB 665,991,634.28, an increase of 17.25% compared to the previous year[52]. Research and Development - The company has a strong focus on R&D, with significant investments planned for the development of new technologies and products[19]. - The company invested RMB 1,788,921,154.04 in R&D, accounting for 13.20% of its annual revenue[50]. - The company applied for a total of 321 patents in 2021, including 273 invention patents[50]. - The number of R&D personnel increased to 4,886 in 2021, representing a growth of 10.82% from 4,409 in 2020[90]. - The company reported a total R&D investment of ¥1,788,921,154.04 in 2021, an increase of 31.15% compared to ¥1,363,999,882.58 in 2020[90]. - R&D investment accounted for 13.20% of the company's operating revenue in 2021, slightly down from 13.24% in 2020[90]. Market Position and Strategy - The company is focused on integrating AI and IoT technologies, which are expected to drive innovation in its product offerings[19]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the technology sector[19]. - The company is actively developing new products in the 5G and AIoT domains to enhance its competitive edge[19]. - The company achieved the number one market share in desktop cloud terminal VDI and thin client in China[45]. - The company maintained a leading position in the Chinese desktop cloud market, with a VDI market share ranking first in China and thin client market share ranking first in the Asia-Pacific region according to IDC data[57]. - The company is focusing on expanding its overseas market presence and optimizing customer structure[52]. - The company emphasizes a strategy of innovation-driven development, enhancing its core competitiveness in smart technology[47]. Operational Efficiency and Costs - The total operating cost for 2021 was CNY 8,927,895,944.95, representing a year-on-year increase of 33.18% from CNY 6,703,799,217.14 in 2020[70]. - Raw materials accounted for 94.81% of the operating costs in 2021, amounting to CNY 8,465,315,576.94, up from 94.21% in 2020[70]. - R&D expenses increased by 30.43% to CNY 1,749,500,330.81 in 2021, compared to CNY 1,341,363,465.36 in 2020[79]. - The sales expenses for 2021 were CNY 1,864,012,522.29, reflecting a 30.89% increase from CNY 1,424,107,800.61 in 2020[79]. - The company’s top five customers accounted for 29.68% of total annual sales, with total sales amounting to CNY 4,021,255,223.84[75]. - The total procurement amount from the top five suppliers was CNY 4,602,701,201.25, representing 40.96% of the total annual procurement[78]. Risk Management - The company emphasizes the importance of addressing risks such as macroeconomic fluctuations, technology risks, and supply chain issues in its management discussion[7]. - The company plans to enhance its supply chain resilience by increasing raw material inventory and diversifying procurement channels to mitigate risks associated with core component supply[125]. - The company is addressing chip supply risks by increasing raw material procurement and developing backup chip solutions[152]. - The company faces risks from macroeconomic fluctuations and will adjust its operational strategies accordingly to mitigate these risks[122]. Governance and Transparency - The company is committed to maintaining transparency and accuracy in its financial reporting, as stated by its management team[6]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication of relevant information to investors[175]. - The company has established a performance evaluation and incentive mechanism to enhance operational efficiency and achieve business objectives[174]. - The company emphasizes investor relations management, with a designated secretary responsible for daily interactions and communications with investors[177]. - The company held 3 shareholder meetings during the reporting period, with all resolutions passed in accordance with legal regulations and the company's articles of association[170]. Future Outlook - The company has outlined a future outlook that includes a commitment to sustainable growth and innovation in communication technologies[19]. - The company plans to increase investment in new technology applications such as artificial intelligence, big data, and cloud computing in 2022[113]. - The company aims to achieve steady and sustainable growth in operating performance based on 2021 results[114]. - The company will focus on enhancing its market share in the smart network sector by launching competitive network devices and cloud desktop solutions[116]. - Future performance guidance was not explicitly detailed, but the management expressed optimism about market conditions and growth opportunities[197].