奋达科技(002681) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥4,167,849,621.20, representing a 17.81% increase compared to ¥3,537,728,683.41 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥51,369,177.31, a significant decrease of 95.18% from ¥1,065,485,182.39 in 2020[25]. - The net profit after deducting non-recurring gains and losses was ¥26,666,013.04, down 83.66% from ¥163,186,747.10 in 2020[25]. - The net cash flow from operating activities was ¥85,448,000.15, a decline of 82.15% compared to ¥478,701,182.21 in 2020[25]. - The basic earnings per share for 2021 was ¥0.03, a decrease of 94.55% from ¥0.55 in 2020[25]. - Total assets at the end of 2021 were ¥4,906,666,247.52, down 5.34% from ¥5,183,708,377.19 at the end of 2020[26]. - The net assets attributable to shareholders at the end of 2021 were ¥2,267,384,996.61, an increase of 0.51% from ¥2,255,812,718.68 at the end of 2020[26]. - The company achieved a revenue of CNY 416,784.96 million in 2021, representing a year-on-year growth of 17.81%[53]. - The company’s net profit attributable to shareholders was CNY 5,136.92 million, with a net profit excluding non-recurring items of CNY 2,666.60 million[55]. Business Operations - The company transferred 100% equity of Shenzhen Fuchengda Technology Co., Ltd. in 2021, resulting in a reduction of its main business in mobile smart terminal metal structural parts[23]. - The company’s main business has shifted due to the transfer of equity in 2020 and 2021, affecting its operations in mobile intelligent terminal components[23]. - The company has established a strong customer base, including major clients like Alibaba, Huawei, and Walmart, contributing to stable revenue and profit sources[47]. - The company has successfully exited the metal structure component sector by divesting its 100% stake in Fuchengda[46]. - The company has added two wholly-owned subsidiaries to its consolidation scope and disposed of one subsidiary during the reporting period[74]. Research and Development - The company’s R&D investment in 2021 was 305.83 million yuan, accounting for 7.34% of revenue, with a compound annual growth rate of 25.3% over the past five years[48]. - The company has developed a comprehensive R&D team with over 1,100 personnel, holding a total of 646 patents and software copyrights as of 2021[48]. - The company has filed for 208 patents and software copyrights, with a focus on emerging technologies such as AI, smart home, and IoT[58]. - Research and development expenses increased by 44.07% to ¥305,833,039.23, primarily due to investments in new products such as smart wearable devices and health appliances[79]. - The company is developing a smart wearable device for blood pressure monitoring, aiming for industry-leading accuracy and expanding its product line in the healthcare sector[83]. Market Trends - The consumer electronics industry is transitioning towards new technologies, with the smart home device market in China seeing a shipment volume of over 220 million units in 2021, a year-on-year growth of 9.2%[40]. - The smart wearable market is transitioning from wristbands to smartwatches, with wristband shipments declining by 26.3% to 19.1 million units, while smartwatch shipments grew by 21.4% to 39.56 million units in 2021[41]. - The smart lock market in China reached 16.95 million units in 2021, with a penetration rate of approximately 20%, indicating substantial growth potential[41]. - The wearable device market in China is expected to exceed 160 million units shipped in 2022, representing an 18.5% year-over-year growth[120]. - The smart lock industry is projected to reach a market size of 58.5 billion yuan by 2025, indicating significant growth potential due to increasing consumer acceptance among younger demographics[124]. Governance and Management - The company has not changed its controlling shareholder since its listing[23]. - The company maintains an independent financial accounting system, with separate bank accounts for the company and its subsidiaries[135]. - The company has a complete and independent human resources structure, with no interference from the controlling shareholder in personnel decisions[135]. - The company has established a governance structure that complies with relevant regulations, ensuring no significant discrepancies with regulatory requirements[134]. - The company has not experienced any significant changes in its governance structure or management personnel during the reporting period[143]. Financial Strategy - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[5]. - The company initiated a share repurchase plan with a budget of RMB 10 million to RMB 20 million, aimed at enhancing investor confidence and supporting long-term development[59]. - The company plans to implement an equity incentive plan to motivate core personnel and attract high-end talent for quality development[59]. - The company’s financial strategy includes a commitment to maintaining transparency and accountability in its management practices, as evidenced by the detailed reporting of executive changes[146]. - The company plans to optimize its supply chain by enhancing strategic partnerships with core raw material suppliers to ensure timely product delivery and reduce procurement costs[127]. Risks and Challenges - The company faces risks from macroeconomic factors, including the ongoing COVID-19 pandemic and geopolitical tensions, which could impact market expansion and customer orders[129]. - The company is addressing the risk of raw material shortages and price increases by implementing refined production management and improving raw material utilization efficiency[129]. - Major defects identified include lack of democratic decision-making processes and significant losses due to unscientific decision-making[192]. - Important defects may lead to significant losses, with a threshold of direct or indirect property loss amounting to RMB 50 million[194]. Employee and Labor Management - The total hours of outsourced labor amounted to 5,140,685.6 hours, with total payments for outsourced labor reaching CNY 121,341,216.30[187]. - The company has a total of 83 retired employees who require financial support from the parent company and major subsidiaries[182]. - The company’s employee training programs focus on various areas, including core technology and quality management, to enhance employee skills and career development[185]. - The company reported a total of 7,357 employees at the end of the reporting period, with 5,480 in production, 250 in sales, 1,105 in technology, 39 in finance, 155 in administration, and 328 in management[179].