兴森科技(002436) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥5,039,987,053.24, representing a 24.92% increase compared to ¥4,034,655,205.99 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥621,490,008.76, a 19.16% increase from ¥521,551,934.79 in 2020[17]. - The net profit after deducting non-recurring gains and losses was ¥590,978,178.87, showing a significant increase of 102.46% compared to ¥291,899,939.54 in 2020[17]. - The company's total assets at the end of 2021 were ¥8,302,218,319.33, a 34.69% increase from ¥6,163,815,892.00 at the end of 2020[18]. - The net assets attributable to shareholders at the end of 2021 were ¥3,762,384,141.26, reflecting a 14.38% increase from ¥3,289,281,863.27 at the end of 2020[18]. - The company's cash flow from operating activities for 2021 was ¥579,717,794.17, which is a 42.20% increase from ¥407,672,002.49 in 2020[17]. - The weighted average return on equity for 2021 was 17.73%, slightly up from 17.29% in 2020[17]. - The company's total revenue for 2021 was $80,448 million, representing a year-on-year growth of 23.4%, with a projected revenue of $101,560 million for 2026, indicating a compound annual growth rate (CAGR) of 4.8%[27]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares to all shareholders, based on a total share capital of 1,487,930,802 shares[2]. - The total cash dividend, including other methods, amounted to 289,371,074.20 yuan, with a base of 1,487,930,802 shares[126]. - The company distributed a cash dividend of 1.00 yuan per 10 shares, totaling 148,793,080.20 yuan, which represents 100% of the distributable profit[126]. Business Operations - The company has maintained its main business operations without any changes since its listing[14]. - The company has a total of 1,487,930,802 shares as of the dividend distribution plan, which may change due to the conversion of convertible bonds[2]. - The company has a dedicated investor relations email for inquiries: stock@chinafastprint.com[11]. - The company’s annual report is publicly disclosed on the Shenzhen Stock Exchange website and other financial media[12][13]. - The company has established a flexible management system that allows for rapid delivery and customization, achieving a monthly delivery capacity of over 25,000 product types[34]. Research and Development - R&D expenses rose by 21.18% to ¥289,407,401.85, focusing on 5G circuit board design and semiconductor testing board capabilities[51]. - The number of R&D personnel increased to 465 in 2021, a growth of 3.33% compared to 450 in 2020[54]. - The company has applied for a total of 988 patents in China, including 537 invention patents, and has been recognized as a "National High-tech Enterprise" and "National Intellectual Property Demonstration Enterprise"[30]. - The company is focusing on building high-end smart factories and expanding the IC packaging substrate project to catch up with industry leaders in terms of capacity and technology[78]. Market Position and Strategy - The company ranks 17th among the top 100 PCB companies in China and 32nd among the top 50 global PCB suppliers according to CPCA and Prismark, respectively[27]. - The company anticipates a compound annual growth rate of 4.8% for the global PCB industry from 2021 to 2026[24]. - The company is focusing on expanding its market presence in the semiconductor packaging industry, particularly in high-end applications[83]. - The company is actively pursuing market expansion, with a notable revenue of 4,200.00 million recorded on December 11, 2020, indicating successful penetration into new markets[192]. Environmental Responsibility - The company has implemented measures to ensure that all emissions are within the regulatory limits, demonstrating a commitment to environmental responsibility[140]. - The company has received multiple awards for its environmental management efforts, including recognition as an "Outstanding Clean Production Enterprise" for four consecutive years from 2017 to 2020[165]. - The company has conducted seven temporary shareholder meetings in 2021 to ensure compliance with legal and regulatory requirements[163]. - The company has established a dedicated EHS environmental system group to ensure compliance with the latest environmental regulations and standards[146]. Governance and Management - The company has a structured governance framework with a dedicated supervisory board to ensure compliance and oversight[104]. - The company has established specialized committees within its board to enhance governance and decision-making processes[88]. - The company maintains a fully independent financial management system, with separate bank accounts and independent tax obligations[93]. - The company has not engaged in any related party transactions that could affect its operational independence[91]. Shareholder Relations - The company actively engages in investor relations management, ensuring fair access to information for all shareholders[89]. - The company has a commitment to maintaining transparency and engaging shareholders through regular meetings and updates[95]. - The company reported a total of 279,488,928 shares held by directors and senior management at the beginning of the reporting period[98]. - The company has a talent development plan that includes various training programs for different levels of employees to meet future business needs[123]. Challenges and Risks - The company acknowledges ongoing geopolitical conflicts and trade tensions as challenges to its strategic and operational management[77]. - The company has identified rising raw material prices as a potential challenge impacting its operations[83]. - The company will closely monitor global economic trends and enhance operational efficiency to mitigate risks from macroeconomic fluctuations[79]. - The PCB industry is facing intense competition with over 20 listed companies, prompting the company to invest in R&D and improve management capabilities to maintain its competitive edge[79].