TVT(SZ:002835)2022-04-25 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,003,753,114.52, representing a 27.32% increase compared to CNY 788,394,128.45 in 2020[15] - The net profit attributable to shareholders for 2021 was CNY 90,316,637.85, up 27.83% from CNY 70,653,528.46 in 2020[15] - The net profit after deducting non-recurring gains and losses was CNY 65,009,915.43, a 3.03% increase from CNY 63,098,221.81 in 2020[15] - The basic earnings per share for 2021 was CNY 0.42, reflecting a 27.27% increase from CNY 0.33 in 2020[15] - The total assets at the end of 2021 were CNY 1,191,470,574.52, an 8.52% increase from CNY 1,097,972,463.68 at the end of 2020[15] - The net assets attributable to shareholders at the end of 2021 were CNY 829,693,669.88, a 10.37% increase from CNY 751,735,752.38 at the end of 2020[15] - The company reported a negative net cash flow from operating activities of CNY -20,430,534.96 in 2021, a decline of 128.44% compared to CNY 71,833,085.22 in 2020[15] - The company achieved a revenue of 1.004 billion yuan, representing a year-on-year growth of 27.32%, and a net profit of 90.32 million yuan, up 27.83% from the previous year[106] Revenue Sources - The revenue from front-end video surveillance products was ¥651,255,996.79, accounting for 64.88% of total revenue, with a significant year-on-year growth of 59.34%[119] - The company reported a total revenue of approximately 25.31 million, with a significant portion coming from non-operating income of 7.56 million[24] - The company experienced a significant increase in quarterly revenue, with Q4 2021 revenue reaching CNY 345,879,063.84, up from CNY 175,603,651.01 in Q1 2021[19] - The company reported a significant increase in sales from overseas markets, with ¥937,814,872.91, which is 93.43% of total revenue, up by 27.45% year-on-year[119] Research and Development - The company's R&D investment in 2021 was 144 million yuan, an increase of 14.45% year-on-year, accounting for 14.32% of total revenue, with 343 R&D personnel making up 30.22% of the total workforce[106] - R&D expenses for 2021 amounted to ¥143,760,176.62, reflecting a 14.45% increase from ¥125,611,070.44 in 2020[130] - The number of R&D personnel increased by 5.21% to 343 in 2021, with a higher proportion of staff holding bachelor's degrees[133] - The company established a new R&D center in Wuhan in 2021 to enhance its core R&D capabilities, focusing on cloud technology, mobile technology, and embedded software[111] Product Development and Innovation - The company has actively deployed AI capabilities, launching a series of AI products including face capture and recognition cameras, significantly enhancing user experience[34] - The AI product iteration has been rapid, with the company continuously improving its offerings in response to industry trends[34] - The company has developed a comprehensive cloud solution that integrates video monitoring, intelligent analysis, and resource sharing, applicable in various scenarios including smart communities and pandemic prevention[42] - The company has launched a series of thermal imaging and visible light fusion products, enhancing adaptability in various scenarios and addressing limitations of traditional monitoring[132] Market Strategy and Expansion - The company aims to become a leading global provider of security products and solutions, focusing on "AI + Security" and "Cloud + Security" development directions[148] - In 2022, the company plans to increase R&D investment to enhance product AI capabilities and develop intelligent solutions for various scenarios[149] - The company will focus on expanding its business in the European and American markets, targeting local market needs with AI and cloud technology products[151] - The company has expanded its global market presence, establishing a strategic layout across six continents and actively developing local markets in various cities[103] Supply Chain and Operational Management - The company has strengthened its supply chain management to ensure stable supply amid challenges from the pandemic and chip shortages[114] - The company is committed to supply chain reforms to ensure supply security and efficiency, addressing upstream supply volatility risks[153] - Production automation and IT system optimization will be prioritized to improve product quality and reduce operational costs[154] Governance and Management - The company has established a complete and independent financial accounting system, ensuring compliance with accounting standards and maintaining strict financial oversight[173] - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, and business operations, ensuring a complete business system[175] - The company has a diverse board with members having extensive backgrounds in various industries, enhancing its strategic decision-making capabilities[185] - The board of directors held a total of 7 meetings during the reporting period, with all members present at each meeting[199] Risks and Challenges - The company faces risks related to technological updates and new product development, requiring continuous innovation to stay competitive[157] - Fluctuations in product prices and gross margins are anticipated due to various external factors, including international conditions and raw material costs[158] - The ongoing global COVID-19 pandemic poses a long-term threat, and the company is maintaining a prudent operational strategy to safeguard employee safety and ensure business continuity[163] - The company is closely monitoring international trade dynamics and supply chain stability, recognizing that systemic risks could impact its operational capabilities[164]