FPT(SZ:300256)2022-04-27 16:00Financial Performance - The company reported a significant loss for the year, with detailed reasons and measures for improving profitability outlined in the "Management Discussion and Analysis" section[4]. - The company's operating revenue for 2021 was ¥3,218,351,947.70, a decrease of 37.76% compared to ¥5,171,009,789.84 in 2020[21]. - The net profit attributable to shareholders was -¥1,384,901,965.66, an improvement of 49.64% from -¥2,750,193,806.47 in the previous year[21]. - The net cash flow from operating activities improved by 79.54%, reaching -¥383,369,666.54 compared to -¥1,873,644,247.88 in 2020[21]. - The total assets at the end of 2021 were ¥3,227,079,631.61, a decline of 55.77% from ¥7,296,655,832.49 at the end of 2020[21]. - The net assets attributable to shareholders increased by 113.53%, amounting to ¥321,048,059.06 compared to -¥2,372,153,735.33 in 2020[21]. - The company reported a significant non-operating income of ¥5,552,742,432.48 in 2021, primarily due to asset disposals and government subsidies[26]. - The company reported a significant decrease in inventory levels by 95.34%, attributed to the restructuring and liquidation of subsidiaries[65]. - The company reported a net loss of ¥33,943.89 million for the year 2021[95]. Risk Factors - The report highlights potential risks including technological innovation, core personnel loss, project operation risks, and the impact of the COVID-19 pandemic[4]. - Future outlook and plans are discussed in detail, emphasizing the need for investors to recognize associated risks[5]. - The company has not provided specific financial guidance for the upcoming year, indicating uncertainty in future performance[5]. - The audit report from Zhongxing Caiguanghua Certified Public Accountants includes a paragraph on significant uncertainties regarding the company's ability to continue as a going concern[4]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits over the last three accounting years[21]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, which could lead to severe penalties[131]. - The company has received a delisting risk warning due to negative net assets as of the end of 2020, with significant uncertainty regarding the removal of this warning[128]. - The company is currently undergoing a pre-restructuring process initiated by creditors, with the outcome still uncertain[129]. Technological Development - The company is focusing on technological advancements and product development to enhance its market position[4]. - The touch display market is expected to enter a period of rapid growth, driven by advancements in 5G, IoT, and OLED technologies, with increasing demand for protective screens and touch display modules[32]. - The company has developed advanced technologies such as 2D and 2.5D cover glass, NCVM technology, and is focusing on new products like 3D cover glass and anti-glare screens[35]. - The company maintains a competitive edge in the touch display and precision structural components sectors through continuous innovation in processing technologies[36]. - The company is actively developing new technologies and products to enhance its market position in the touch display and precision structural components industries[36]. - The company is focusing on maintaining technological advantages in the field of sapphire cover processing for smart wearables[74]. - The company is in the research and development phase for new coating and laser engraving technologies to enhance production capabilities and competitiveness[75]. - The company is developing new technologies for autonomous driving radar protection, aiming to create breakthroughs in laser radar cover technology[75]. Market Strategy - The company is exploring market expansion opportunities, although specific strategies were not detailed in the report[5]. - The company plans to focus on product transformation and upgrade, reducing the proportion of mobile phone products while emphasizing wearable, laptop, automotive, industrial control, and medical products[58]. - The company aims to enhance lean production to improve production yield and efficiency in 2022[59]. - The company is focusing on customized production based on client orders, ensuring high-quality output through a structured production process[51]. - The company aims to expand its customer base while maintaining existing relationships, focusing on market segmentation and resource integration to enhance competitiveness[118]. Governance and Compliance - The company adheres to legal regulations and governance standards, ensuring compliance with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[135]. - The company has established a complete and independent financial department, ensuring financial decisions are made independently and that it operates as an independent taxpayer[147]. - The company has a transparent and fair performance evaluation and incentive mechanism for senior management, gradually improving its standards[140]. - The company has conducted several shareholder meetings with participation rates of 28.11% and 23.23% for the first and second extraordinary shareholder meetings, respectively[148]. - The company has a complete governance structure with independent operation of the board of directors, supervisory board, and management team, ensuring effective decision-making[146]. - The company actively engages with investors, providing both on-site and online voting options during shareholder meetings to facilitate participation[137]. - The company has established a robust investor relations management system to ensure timely and accurate information disclosure[142]. - The company respects the rights of stakeholders and maintains communication with various parties, including shareholders, suppliers, and employees[144]. Environmental Responsibility - Jiangxi Star Technology reported a daily wastewater treatment capacity of 600 tons, ensuring continuous monitoring of key discharge points for compliance with environmental standards[196]. - The company has implemented comprehensive environmental governance projects to manage wastewater pollutants, including COD and ammonia nitrogen[197]. - The company’s subsidiary, Pingshan Precision, has established 7 sets of air pollution control facilities, utilizing processes such as water spraying, activated carbon filtration, and catalytic combustion[198]. - The company has reported no exceedances in pollutant discharge limits for COD and ammonia nitrogen across its facilities[196]. - The company adheres strictly to national environmental protection laws and regulations in its production and operational management[198]. Human Resources - The total number of employees at the end of the reporting period was 3,630, with 12,624 employees receiving salaries during the period[180]. - The company has a total of 13 employees with master's degrees or higher, and 185 employees with bachelor's degrees[180]. - The company has established a performance reform initiative to enhance salary competitiveness and attract talent[181]. - The company has strengthened internal control training for management and employees to improve compliance awareness[186]. Internal Control and Audit - The company has implemented two new internal control systems and revised ten existing ones to enhance governance and compliance[185]. - The company reported a financial report major defect count of 1, with no significant defects in non-financial reports[191]. - The company has completed all self-inspection issues identified during the governance special action initiated by the China Securities Regulatory Commission[192]. - The company aims to enhance its internal control system and improve the accuracy of financial reporting through comprehensive reviews and training[188].