ELECSPN(SZ:002935)2022-04-07 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,042,944,170.19, representing a 13.81% increase compared to ¥916,394,496.48 in 2020[6]. - The net profit attributable to shareholders for 2021 was ¥118,399,131.95, up 16.71% from ¥101,451,325.04 in 2020[6]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥110,674,262.75, a 29.39% increase from ¥85,536,542.62 in 2020[6]. - The net cash flow from operating activities for 2021 was ¥109,478,579.94, a significant increase of 619.77% compared to ¥15,210,155.69 in 2020[6]. - The total assets at the end of 2021 were ¥2,002,864,706.97, reflecting a 9.50% increase from ¥1,829,064,435.12 at the end of 2020[6]. - The net assets attributable to shareholders at the end of 2021 were ¥1,412,882,170.60, up 4.93% from ¥1,346,484,663.65 at the end of 2020[6]. - The company reported a basic earnings per share of ¥0.5692 for 2021, an increase of 16.71% from ¥0.4877 in 2020[6]. - The company achieved a total revenue of CNY 1,042,944,170.19 in 2021, representing a year-on-year growth of 13.81%[72]. - Net profit attributable to shareholders reached CNY 118,399,100, an increase of 16.71% compared to the previous year[66]. - The frequency series products generated revenue of CNY 612,811,161.19, marking a growth of 22.93% year-on-year[72]. - Cash flow from operating activities reached CNY 109,478,600, reflecting a substantial increase of 619.77% year-on-year[66]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares to all shareholders, based on a total of 208,006,500 shares[8]. - The company will increase its share capital by 3 shares for every 10 shares held, using capital reserves[200]. - The company has a clear and transparent cash dividend policy, ensuring the protection of minority shareholders' rights[200]. Business Operations and Stability - The company has not reported any changes in its main business since its listing, indicating stability in operations[26]. - The company has not undergone any changes in its controlling shareholder since its establishment, indicating consistent ownership[26]. - The company operates in the military products sector, which may involve confidentiality regarding certain information[8]. - The company is headquartered in Chengdu, Sichuan Province, with a focus on high-tech electronic products[21]. - The company has a dedicated investor relations team to facilitate communication with shareholders and stakeholders[22]. - The company has maintained a good development momentum in 2021, guided by the "14th Five-Year" development strategy and seizing market opportunities[65]. Research and Development - Research and development expenses amounted to CNY 85,166,100, accounting for 8.17% of total revenue, with a year-on-year increase of 5.41%[68]. - The company has a strong talent pool with many experts in time frequency and Beidou satellite applications, ensuring sustainable development[61]. - The company has obtained a total of 105 patents, including 60 invention patents, enhancing its competitive edge in technology[68]. - The company focuses on attracting high-level talent, including PhDs and industry experts, to ensure a stable and innovative R&D team[131]. - The company has a strong foundation in research and development, which is expected to support its growth objectives in the competitive electronics market[163]. Market Position and Growth - The company is positioned in the emerging time-frequency and Beidou satellite application industries, which are experiencing rapid growth due to national security and technological advancements[40]. - The demand for time-frequency products is expected to grow significantly due to the ongoing national time-frequency system construction and the development of new infrastructure projects like 5G and IoT[42]. - The company is a leading domestic producer of rubidium atomic clocks, with technology performance reaching international advanced levels, and has participated in major aerospace projects[45]. - The company aims to strengthen its position as the largest atomic clock manufacturer in China and become the largest supplier of military crystal devices and time synchronization products domestically[120]. - The Beidou satellite application market is expected to expand significantly as it becomes a core platform for precise time and space network information, enhancing its role in the Internet of Things[119]. Governance and Management - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or omissions[6]. - The company has a robust governance framework, with a clear delineation of roles and responsibilities among its board members and supervisors[169]. - The company has a diverse board of supervisors, including representatives from various departments and backgrounds, ensuring comprehensive oversight[166]. - The company has maintained a consistent leadership structure since March 2010, with key executives serving in their roles for over a decade[167]. - The company emphasizes the importance of performance-based compensation for its executives, linking pay to the achievement of specific business objectives[174]. Risk Management - The company emphasizes the importance of risk awareness regarding market, technology, talent, and pandemic-related risks[8]. - The company is implementing strict COVID-19 prevention measures to mitigate risks related to logistics disruptions and supply chain impacts[132]. - The company has a focus on risk management and compliance, with dedicated departments overseeing legal and audit functions[166]. Employee Relations - The company has established a comprehensive salary and welfare system, providing competitive compensation to attract and retain key talent[196]. - The company conducted various employee training programs to enhance skills and improve overall management quality[199]. - The company reported a total of 578 employees at the end of the reporting period, with 240 in technical roles and 143 in production[195]. Future Outlook - Future guidance indicates a focus on increasing revenue streams through new product launches and market expansion strategies[163]. - The company plans to pursue mergers and acquisitions to enhance core competitiveness and expand the application of Beidou satellite technology, aiming for low-cost and high-efficiency development[128]. - The company aims to complete the construction of fundraising projects, enhance product technology levels, and achieve industrial scale advantages to improve competitiveness[128].