聚飞光电(300303) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥2,371,349,276.39, representing a 0.86% increase compared to ¥2,351,118,040.80 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥271,651,634.53, a decrease of 10.91% from ¥304,925,533.62 in 2020[25]. - The net profit after deducting non-recurring gains and losses was ¥210,387,803.77, down 15.90% from ¥250,153,795.34 in 2020[25]. - The net cash flow from operating activities increased by 132.36% to ¥571,360,485.58 from ¥245,896,540.44 in 2020[25]. - The total assets at the end of 2021 were ¥4,955,629,997.43, a slight decrease of 0.01% from ¥4,956,154,922.36 at the end of 2020[25]. - The net assets attributable to shareholders increased by 15.93% to ¥2,891,400,865.80 from ¥2,493,999,568.63 at the end of 2020[25]. - The company reported a basic earnings per share of ¥0.21, down 12.50% from ¥0.24 in 2020[25]. - In 2021, the company achieved total revenue of 2,371.35 million CNY, a year-on-year increase of 0.86%[79]. - The net profit attributable to shareholders was 271.65 million CNY, a decrease of 10.91% compared to the previous year[79]. Market and Industry Outlook - The company anticipates a gradual recovery in the LED industry driven by the demand for smart devices and automotive displays[39]. - The company noted an increase in market competition domestically while experiencing steady growth in overseas market share[44]. - The demand for LED products is rapidly increasing across various sectors, including smartphones, tablets, laptops, TVs, and emerging markets like automotive electronics and health lighting[45]. - The Mini/Micro LED technology is becoming the mainstream solution in the new display market, with many companies launching products since 2021, indicating a growing trend towards industrialization[46]. - The company expects long-term growth in the automotive LED market driven by the dual carbon policy and increasing demand for electric vehicles[138]. - The company plans to leverage domestic policies supporting the LED industry chain, such as the "14th Five-Year Plan," to seize development opportunities[138]. Research and Development - The company is recognized as a national high-tech enterprise, with its R&D and quality control capabilities positioned at a global leading level[57]. - The company has expanded its R&D platforms and increased investment in new products and technologies, focusing on Mini/Micro LED and invisible light products[83]. - The number of R&D personnel increased by 11.72% to 410 in 2021, with R&D personnel accounting for 18.21% of the total workforce[102]. - The company's R&D investment in 2021 amounted to ¥130,430,691.44, representing 5.50% of operating revenue, an increase from 4.87% in 2020[108]. Corporate Governance - The company held one annual general meeting during the reporting period, with a participation rate of 22.99%[159]. - The board of directors consists of 5 members, including 2 independent directors, complying with legal and regulatory requirements[161]. - The company has established a performance evaluation system linking the performance of directors, supervisors, and senior management to their compensation[166]. - The company has implemented strict information disclosure management to ensure timely and accurate communication with investors[167]. - The company has established four specialized committees under the board of directors to enhance governance and decision-making[163]. Risk Management - The company faces market risks, including a decline in product sales prices and fluctuations in raw material costs[5]. - The company's future development outlook includes addressing risks associated with market fluctuations and raw material prices[5]. - The company is committed to optimizing supply chain resources to mitigate risks from rising raw material prices and supply fluctuations[146]. Shareholder and Management Changes - The total shares held by the chairman and general manager, Xing Meizheng, decreased from 143,251,644 to 108,251,644 due to a reduction of 35,000,000 shares for personal financial needs[175]. - The vice chairman and deputy general manager, Gao Siqing, reduced his holdings from 3,220,000 to 2,419,500 shares, selling 800,500 shares for personal financial needs[175]. - The company has appointed new independent directors, including Zhang Lixia and Chai Guangyue, as part of its governance structure[178]. - The company’s management team has a diverse professional background, with members holding degrees in engineering, finance, and law[179]. Social Responsibility - The company actively engages in social responsibility initiatives, contributing to environmental protection and social harmony[169].