EWPT(SZ:300115)2022-04-26 16:00Financial Performance - The company reported a significant decline in performance, with specific reasons for the loss detailed in the management discussion section[6]. - No cash dividends or stock bonuses will be distributed to shareholders for the reporting period[7]. - The company's operating revenue for 2021 was ¥11,046,514,987.54, representing a 12.74% increase from ¥9,797,911,444.51 in 2020[27]. - The net profit attributable to shareholders was -¥604,596,722.65 in 2021, a decrease of 200.74% compared to ¥600,138,372.56 in 2020[27]. - The net cash flow from operating activities was -¥431,398,231.25, down 150.03% from ¥862,291,239.74 in the previous year[27]. - The total assets at the end of 2021 amounted to ¥16,978,849,761.73, an increase of 24.66% from ¥13,619,861,267.11 at the end of 2020[27]. - The company's basic and diluted earnings per share were both -¥0.50 in 2021, a decline of 194.34% from ¥0.53 in 2020[27]. - The weighted average return on equity was -9.53% in 2021, down 22.18% from 12.65% in 2020[27]. Revenue Breakdown - In 2021, the company's total revenue reached 11.04 billion CNY, an increase of 12.74% compared to 2020[48]. - The company's new energy business revenue was 1.13 billion CNY, a year-on-year growth of 124.60%[50]. - Revenue from electronic components was ¥9,806,365,131.09, accounting for 88.78% of total revenue, with a year-on-year growth of 8.33%[59]. - Revenue from new energy product components surged by 124.60% to ¥1,129,311,706.44, up from ¥502,813,680.25 in 2020, representing 10.22% of total revenue[59]. - The domestic market contributed ¥5,649,448,222.17, a 15.39% increase from ¥4,895,806,375.60, while the overseas market generated ¥5,397,066,765.37, a 10.10% increase[59]. Market Challenges and Opportunities - The company is facing various risks including pandemic risks, rising costs, market risks, exchange rate fluctuations, and customer concentration risks[6]. - The company reported a significant increase in the sales of foldable smartphones in 2021, with major models from Samsung, Huawei, and Xiaomi leading the market[42]. - The rise of the "metaverse" concept has spurred interest in AR/VR products, which are expected to become a new growth point for the consumer electronics industry[43]. - The company faced challenges in the consumer electronics sector due to the declining shipment volumes of smartphones since 2017, despite a slight recovery in 2021[42]. - The company has a high proportion of customized products in its offerings, which presents challenges due to short production cycles and unstable order volumes[42]. Production and R&D - The company has established a complete product line for new energy components, including battery cell structure components and module structure components[50]. - The company plans to expand its production capacity with new bases in Ningde, Liyang, and Yibin, which are expected to enter mass production[53]. - The company has filed 346 patents during the reporting period, including 162 invention patents[55]. - The company is currently in trial production for several key R&D projects, including a folding phone structure component and a new type of battery shell, aimed at enhancing product capabilities[75]. - The company has increased its R&D personnel by 20.68% to 8,346, with a focus on enhancing core competitiveness[84]. - R&D investment in 2021 amounted to ¥1,078,711,274.04, representing 9.77% of operating revenue, an increase from 9.00% in 2020[86]. Governance and Management - The company maintains a governance structure that includes a board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations[138]. - The board consists of 7 members, including 3 independent directors, meeting legal and regulatory requirements[140]. - The company has established independent financial, operational, and management systems, ensuring autonomy from its controlling shareholders[143]. - The company has implemented a robust internal management control system to enhance governance and operational efficiency[138]. - The company has a comprehensive labor and social security system in place for its employees, ensuring compliance with national regulations[143]. Employee and Training Programs - The total number of employees at the end of the reporting period was 29,181, with 17,602 in production, 8,346 in technical roles, and 373 in sales[194]. - The company has a total of 2,041 employees with a bachelor's degree or higher, representing a significant portion of its workforce[194]. - A comprehensive training program has been established to enhance employee skills and meet company development needs, including onboarding and job-specific training[199]. - The training system includes management, professional, technical, and reserve talent programs, ensuring a well-rounded development approach[200]. Strategic Initiatives - The company has established a dual pillar strategic framework focusing on consumer electronics and components for new energy vehicles and energy storage[1]. - The company aims to solidify its core competitiveness in the 3C field and new energy sectors while exploring new opportunities for growth[1]. - The company is focusing on diversifying into key areas such as the metaverse, IoT hardware, and industrial internet[1]. - The company is committed to ensuring the strategic implementation of its established production capacity over the next 2-3 years to generate scale revenue and profit[1]. Financial Management - The company plans to use up to 500 million yuan of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months[1]. - The company plans to apply for a total comprehensive credit limit of RMB 9.31 billion from various banks for 2021, valid for two years, to support production and project funding needs[184]. - The company will conduct foreign exchange derivative transactions within a limit of USD 1.1 billion in 2021 to mitigate exchange rate risks associated with its international business[184]. - The company approved an additional comprehensive credit limit of RMB 390 million from banks, valid for two years, to support production and project funding needs[187].