FORYOU(SZ:002906)2022-04-26 16:00Financial Performance - The company reported a profit distribution plan of 2.00 RMB per 10 shares (including tax) based on a total of 474,720,930 shares[6]. - The company's operating revenue for 2021 was ¥4,488,269,547.20, representing a 33.01% increase compared to ¥3,374,433,984.59 in 2020[23]. - The net profit attributable to shareholders for 2021 was ¥298,623,567.82, a 64.94% increase from ¥181,045,161.26 in 2020[23]. - The net profit after deducting non-recurring gains and losses was ¥259,496,069.16, up 117.71% from ¥119,193,858.04 in 2020[23]. - The net cash flow from operating activities reached ¥469,051,344.72, a significant increase of 247.04% compared to ¥135,156,570.70 in 2020[23]. - The basic earnings per share for 2021 was ¥0.62, a 58.97% increase from ¥0.39 in 2020[23]. - The company reported total assets of ¥6,048,834,239.98 at the end of 2021, a 21.10% increase from ¥4,994,767,357.68 at the end of 2020[23]. - The company reported a total of 1,202,477,621.01 CNY in fixed assets, accounting for 19.88% of total assets, an increase from 19.39%[72]. - The company reported a total revenue of 1.5 billion CNY for the fiscal year 2021, representing a year-over-year growth of 20%[156]. Risks and Challenges - The company is exposed to risks including reliance on the automotive industry, exchange rate fluctuations, rising raw material prices, supply shortages, and impacts from the COVID-19 pandemic[6]. - The company faces risks related to reliance on the automotive industry, exchange rate fluctuations, rising raw material prices, and potential impacts from the COVID-19 pandemic[97]. Business Operations and Strategy - The company has not changed its main business since its listing, and there have been no changes in controlling shareholders during the reporting period[19]. - The company aims to enhance its research and development capabilities and improve customer structure to support future growth in the automotive electronics sector[29]. - The company plans to continue upgrading and expanding its product lines in automotive electronics, focusing on smart cockpit and autonomous driving technologies[29]. - The company aims to enhance its competitive advantage by focusing on automotive intelligence and low-carbon lightweight products[46]. - The company is actively developing new intelligent products, including in-vehicle digital acoustic systems and electronic rearview mirrors, to expand sales scale[65]. - The company is focusing on expanding its market presence through new product development and technological advancements[138]. - The company plans to enhance its supply chain efficiency, aiming for a 15% reduction in operational costs by the end of the next fiscal year[104]. Research and Development - R&D investment for the year was approximately 382 million yuan, a 27.01% increase year-on-year, representing 8.50% of total revenue[46]. - The company holds 714 patents, including 250 invention patents, showcasing its strong R&D capabilities[46]. - Research and development expenses increased by 30%, totaling 150 million RMB, to support new technology initiatives[104]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product efficiency and user experience[144]. Market Expansion and Customer Base - The automotive electronics segment generated revenue of CNY 2.95 billion, up 39.88% year-on-year, accounting for 65.63% of total revenue[51]. - The precision die-casting segment reported revenue of CNY 938 million, a growth of 47.55% year-on-year, making up 20.90% of total revenue[51]. - New energy vehicle sales reached 3.55 million units, with a market share of 13.4%, reflecting a year-on-year growth of 160%[49]. - The company expanded its customer base, securing new projects with major clients including BYD, Stellantis, and NIO, contributing to significant market share growth[50]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2023[104]. Governance and Compliance - The company’s financial report has been confirmed as true, accurate, and complete by the board of directors and management[5]. - The company maintains a complete and independent asset structure, with no guarantees provided to controlling shareholders or related enterprises[126]. - The company has established independent financial departments and systems, ensuring compliance with listing requirements and independent tax obligations[126]. - The company has a structured organization with independent decision-making and supervisory bodies, ensuring effective governance[126]. - The company has implemented a comprehensive internal control system covering key operational areas, with no significant deficiencies reported in financial and non-financial controls for 2021[191]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 2.0 yuan per 10 shares (including tax) based on the 2020 profit distribution plan, with no stock dividends or capital reserve transfers[178]. - The company’s cash dividend distribution plan requires approval from the shareholders' meeting before implementation[180]. - The company has a cash dividend policy that complies with regulations and ensures the protection of minority shareholders' rights[179]. - The company’s total distributable profit for the period is 675,044,927.73 CNY[179]. Acquisitions and Investments - The company is actively pursuing mergers and acquisitions to strengthen its competitive position in the industry[138]. - A strategic acquisition of a local tech firm was completed, enhancing the company's capabilities in AI technology[104]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million CNY allocated for potential deals[156]. Employee and Training Initiatives - The company has a competitive salary policy that includes monthly bonuses, overtime pay, and year-end bonuses, adjusted annually based on market conditions[175]. - The total number of internal training sessions organized by the company in 2021 was nearly 3,000, with approximately 100 external training sessions attended[175]. - The company emphasizes employee training and development, integrating personal career planning with corporate growth[175].