Silver Basis Technology(002786)2022-04-29 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[21]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[21]. - The company's operating revenue for 2021 was ¥2,674,048,397.73, a decrease of 17.52% compared to ¥3,242,156,267.70 in 2020[29]. - The net profit attributable to shareholders for 2021 was -¥584,152,038.37, representing a decline of 79.63% from -¥325,201,900.81 in 2020[29]. - The basic earnings per share were -¥1.25 for 2021, a decrease of 47.06% from -¥0.85 in 2020[29]. - The company achieved total revenue of ¥2,674,048,397.73 in 2021, a decrease of 17.52% year-on-year[61]. - The net profit attributable to shareholders was -¥584,152,038.37, down 79.63% compared to the previous year[61]. - The basic earnings per share were -¥1.25, reflecting a decline of 47.06% year-on-year[61]. User Growth and Market Expansion - User data showed a growth in active users by 20%, reaching 500,000 by the end of 2021[21]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[21]. - The company aims for a revenue growth target of 20% for 2022, driven by new product launches and market expansion[21]. - The company has set a future outlook with a revenue target of 1.8 billion for 2022, indicating an expected growth of 20%[153]. - User data indicates a rise in active users, reaching 2 million by the end of 2021, which is a 15% increase compared to the previous year[153]. - Market expansion strategies include entering new geographic regions, targeting a 15% increase in market share by the end of 2022[164]. Research and Development - The company has allocated 200 million RMB for research and development in 2022, focusing on advanced manufacturing technologies[21]. - Research and development investment totaled ¥180,824,837.66, a decrease of 14.96% from the previous year[61]. - The company is developing a new high-strength composite material for automotive structural components, with ongoing progress in mold development[76]. - The company has allocated a budget of 5 million for research and development in the next year to foster innovation[164]. - The management team emphasizes a commitment to sustainability, aiming to reduce carbon emissions by 25% over the next five years[153]. - The company is focusing on research and development of new products to drive future growth[180]. Strategic Partnerships and Acquisitions - Strategic partnerships are being pursued with key players in the automotive sector to enhance product offerings and market reach[21]. - The company is exploring potential acquisitions to strengthen its technological capabilities and expand its product portfolio[21]. - A strategic acquisition of a smaller tech firm is in progress, which is anticipated to enhance the company's technological capabilities and market share[153]. - The company is exploring partnerships with local firms to enhance distribution channels and improve market penetration[153]. - A new strategic partnership has been established, aimed at leveraging synergies in technology and distribution channels[167]. Challenges and Risks - The company faced significant challenges due to rising raw material prices and increased international shipping costs, which compressed profit margins[61]. - The company has faced challenges in the consumer electronics sector due to supply chain disruptions and material shortages caused by global events[48]. - The company faces risks from economic cycle fluctuations, particularly in the automotive, communication, electronics, and home appliance sectors, which are highly correlated with macroeconomic conditions[127]. - The ongoing COVID-19 pandemic continues to impact the macroeconomic environment and the stability of the industrial chain, posing challenges to the company's production and operational performance[130]. Operational Efficiency and Cost Management - The company is actively adjusting its organizational structure and internal management to optimize operations and reduce costs[126]. - The company is relocating and integrating operations at the Guangdong Yinbao Hongli Industrial Park, which is expected to reduce various expenses and management costs[126]. - The company aims to enhance operational efficiency through strategic management and oversight by the board[180]. Employee and Management Structure - The total number of employees at the end of the reporting period is 5,099, with 837 in the parent company and 4,262 in major subsidiaries[194]. - The company has 2,522 production personnel, 152 sales personnel, 783 technical personnel, 93 financial personnel, 254 administrative personnel, and 1,295 other personnel[194]. - The educational background of employees includes 6 with a doctorate, 29 with a master's degree, 444 with a bachelor's degree, and 4,620 with an associate degree or below[194]. - The company has maintained a stable management structure with no significant changes in senior management during the reporting period[146]. Financial Management and Fund Utilization - The total amount of raised funds in 2021 was RMB 524,917,634.34 after deducting issuance-related expenses[110]. - As of December 31, 2021, the unused net amount of raised funds was RMB 270,457,151.45, with total interest and financial income of RMB 3,780,416.81, bringing the total to RMB 274,237,568.26[111]. - The company has utilized RMB 25,446.05 million of the raised funds, which is 48.5% of the total raised amount[113]. - The company has not reported any changes in the use of raised funds during the reporting period[119]. Corporate Governance and Meetings - The board of directors held multiple meetings throughout the reporting period, with significant resolutions documented[178]. - The company reported no risks identified by the supervisory board during the reporting period[193]. - The audit committee held three meetings, discussing the 2020 annual financial report and the 2021 audit work plan[190].