SMS(SZ:002857)2022-04-28 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[17]. - The company's operating revenue for 2021 was ¥219,504,975.24, representing a 3.67% increase compared to ¥211,728,010.60 in 2020[22]. - Net profit attributable to shareholders decreased by 16.73% to ¥19,504,956.33 in 2021 from ¥23,424,300.30 in 2020[22]. - The net cash flow from operating activities dropped significantly by 66.20% to ¥23,366,460.00 in 2021, down from ¥69,141,124.78 in 2020[22]. - The company reported a total revenue of 302.63 million for the year 2021[126]. - The company reported a significant increase in revenue for 2021, with total revenue reaching approximately 1.5 billion RMB, representing a year-over-year growth of 20%[161]. - The company reported a net profit of 11,974 million in 2021, indicating strong financial performance[115]. Research and Development - The company plans to invest RMB 200 million in R&D for new product development in 2022, focusing on smart grid technologies[17]. - The company reported a research and development investment of 14.88 million yuan, accounting for 6.78% of the annual revenue[39]. - The company completed several key R&D projects aimed at enhancing product technology and automation capabilities[57]. - Investment in new technologies is prioritized to improve operational efficiency and product innovation[115]. - The company aims to enhance its digital transformation initiatives to improve operational efficiency and customer engagement[17]. - The company plans to invest approximately 5 billion CNY in research and development to improve its core competitiveness and establish a technology research center[92]. - The company has committed to increasing R&D investment by 30% to accelerate innovation in product offerings[166]. Market Expansion and Strategy - The company announced plans for market expansion into Southeast Asia, targeting a 10% market share within three years[17]. - The company has set a revenue target of RMB 1.5 billion for 2022, indicating a growth forecast of 25%[17]. - The company aims to strengthen its market position in the electric energy metering and calibration device industry by leveraging its technological advantages and enhancing customer engagement[91]. - The company is focused on increasing its market share by 15% in the electric energy metering sector through enhanced marketing and product development efforts[98]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand capabilities[115]. - A strategic acquisition was completed in Q4 2021, enhancing the company's capabilities in smart manufacturing technologies[163]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[162]. Operational Efficiency - The company aims to enhance its operational efficiency through strategic appointments in management[119]. - The company focuses on optimizing its internal control and management systems to reduce operational costs and enhance efficiency, targeting a cost reduction of 10% across various operational areas[94]. - The company aims to reduce operational costs by 15% through improved supply chain management and automation technologies[124]. - The company has set a target to reduce operational costs by 15% over the next two years through efficiency improvements[163]. Corporate Governance - The company strictly adheres to corporate governance regulations, ensuring compliance with laws and enhancing operational standards[103]. - The company has established a complete and independent financial management system, with separate bank accounts and tax obligations[108]. - The company has a robust internal control system, ensuring accurate and timely disclosure of information to shareholders[105]. - The company has developed a comprehensive governance structure, including rules for board meetings and shareholder participation[104]. - The company actively engages in training for its supervisory board to enhance their oversight capabilities[104]. - The company has a commitment to transparency in related party transactions, ensuring fair pricing based on market standards[159]. Shareholder Engagement - The company held its annual general meeting with a participation rate of 62.14% on May 14, 2021[110]. - The company has a dedicated investor relations team to manage communications and ensure equal access to information for all shareholders[104]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, and financial operations, ensuring no interference in decision-making[107]. Employee Management - The total number of employees at the end of the reporting period was 408, with 265 in the parent company and 143 in major subsidiaries[136]. - The company has established a training system aimed at enhancing employee skills and aligning with business goals[139]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[142]. Risk Management - The company has identified potential risks in supply chain disruptions and is developing contingency plans to mitigate these risks[6]. - The company recognizes the risk of dependency on national policies affecting the electric power industry, particularly regarding its major clients, State Grid and Southern Power Grid[96]. - The company will continue to monitor the impact of the COVID-19 pandemic on its operations and supply chain, implementing necessary measures to ensure business continuity[99].