宝明科技(002992) - 2021 Q4 - 年度财报

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[19]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase from the previous year[19]. - The company's operating revenue for 2021 was ¥1,115,367,986.58, a decrease of 19.08% compared to the previous year[27]. - The net profit attributable to shareholders was -¥354,266,400.59, representing a decline of 1,246.97% year-over-year[27]. - The basic and diluted earnings per share for 2021 were both -¥1.98, a decrease of 1,090.00% compared to 2020[31]. - The total assets at the end of 2021 were ¥2,354,488,573.04, down 9.34% from the previous year[31]. - The company's weighted average return on equity was -27.03% for 2021, a decline of 29.86% compared to 2020[31]. - The company reported a quarterly revenue of ¥295,143,877.83 in Q4 2021, with a net profit of -¥204,556,205.50 for the same quarter[37]. - The total profit for 2021 was CNY -33.93 million, representing a decline of 1406.98% year-on-year[137]. - The company reported a net loss of CNY -35.49 million, a decrease of 1238.38% from the previous year[137]. Research and Development - The company plans to invest 20% of its revenue into research and development for new technologies and products in 2022[19]. - Research and development expenses increased by 18.18% to CNY 9.88 million, reflecting a focus on product transformation and new technology[137]. - R&D investment amounted to ¥98,759,084.22, an 18.18% increase from ¥83,566,460.41 in 2020, with R&D expenditure accounting for 8.85% of operating revenue[167]. - R&D personnel increased to 229, representing a 15.08% growth compared to 199 in the previous year[167]. - The company is currently developing new technologies and processes for backlight sources and touch screens to meet diverse customer needs and enhance market competitiveness[164]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share in that region by 2023[19]. - Future guidance indicates an expected revenue growth of 20% for 2022, driven by new product launches and market expansion efforts[19]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[19]. - The company plans to establish a joint venture in Shanghai to better serve automotive manufacturers and expand its market presence[142]. Industry Trends and Challenges - The management highlighted potential risks including market volatility and supply chain disruptions that could impact future performance[6]. - The industry is constrained by reliance on imported raw materials and core equipment, which limits the development of the new flat panel display device industry in China[94]. - The competitive landscape of the LED backlight source manufacturing industry has shifted significantly, with production capacity moving to mainland China post-2008 financial crisis, leading to rapid growth in domestic manufacturers[95]. - The touch screen industry is experiencing structural overcapacity, with a trend towards industry consolidation as smaller, less technologically advanced manufacturers exit the market[98]. Production and Operations - The company has established a strong supply chain, entering the supply chains of major clients such as BOE, Tianma, and Samsung, indicating broad recognition in the industry[106]. - The production model is based on "sales-driven production," where production plans are developed according to customer orders, ensuring efficient operations[120]. - The company has achieved a high level of automation in its production processes, utilizing advanced automated assembly machines and inspection equipment, significantly improving production stability[131]. - The company has developed unique full-process production advantages, allowing for rapid response to large-scale customer demands and customization of products based on specific requirements[135]. Financial Position and Investments - The total investment amount for the reporting period was CNY 369,310,987.64, representing a 27.82% increase compared to CNY 288,939,342.25 in the previous year[185]. - The company's equity capital increased to CNY 179,349,235.00, up 2.33% from CNY 137,960,950.00[180]. - The company has invested CNY 7,651.29 million in the LED backlight expansion project, achieving 73.98% of the planned investment[191]. - The company has allocated CNY 10,126.46 million for the capacitive touchscreen expansion project, reaching 67.50% of the planned investment[191]. Customer and Supplier Relationships - The total sales amount from the top five customers was ¥981,732,614.43, which accounted for 88.02% of the annual total sales[159]. - The total procurement amount from the top five suppliers was ¥268,468,596.53, representing 31.28% of the annual total procurement[160]. - The company has built a reliable customer base, including leading panel manufacturers like BOE and Tianma, which provides stable orders and reduces operational risks[130].