ConST(SZ:300445)2022-03-23 16:00Financial Performance - The company's operating revenue for 2021 was CNY 353,357,838.82, representing a 22.21% increase compared to CNY 289,141,156.94 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 70,049,975.40, up 17.07% from CNY 59,836,804.33 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 65,641,241.49, reflecting a 29.07% increase from CNY 50,855,569.38 in 2020[18]. - The basic earnings per share for 2021 was CNY 0.33, a 13.79% increase from CNY 0.29 in 2020[18]. - The total assets at the end of 2021 amounted to CNY 1,031,756,420.81, a 3.64% increase from CNY 995,487,765.54 at the end of 2020[18]. - The net assets attributable to shareholders at the end of 2021 were CNY 924,306,953.34, showing a slight increase of 0.69% from CNY 917,931,970.49 in 2020[18]. - The net cash flow from operating activities for 2021 was CNY 37,666,547.99, down 51.19% from CNY 77,165,972.38 in the previous year[18]. - The company reported a weighted average return on equity of 7.36% for 2021, down from 9.66% in 2020[18]. - The quarterly operating revenue for Q4 2021 was CNY 114,995,005.76, marking a significant increase compared to previous quarters[20]. Market and Product Development - The company is focusing on digital electronic technology to enhance product accuracy and is exploring advanced technologies for future development[29]. - The company aims to improve its market position by expanding its product offerings and enhancing operational efficiency through smart manufacturing[29]. - The company is adapting to fragmented market demands by developing flexible solutions and intelligent operating systems for testing instruments[30]. - The company has established itself as a leader in the high-end detection instrument sector, with a focus on digital detection instruments and solutions for pressure, temperature, humidity, and electrical calibration testing[33]. - The company has expanded its product offerings to include a range of digital pressure measurement devices, intelligent calibration instruments, and automated testing solutions, catering to various industries including power generation, oil and gas, and pharmaceuticals[34]. - The company emphasizes innovation and technology development, aiming to enhance its product capabilities and create a digital ecosystem centered around customer needs[33]. - The company is committed to enhancing its technical innovation and market expansion capabilities to meet the evolving demands of the industry[30]. Research and Development - R&D investment amounted to 88.41 million yuan, with an R&D intensity of 25%[41]. - The company maintained a strong focus on innovation, with R&D investment as a percentage of revenue increasing by 21.4% year-on-year[41]. - The company completed several key R&D projects, including the T06 project, which aims to solve high-temperature technology challenges in temperature detection[81]. - The company plans to maintain an annual R&D investment of no less than 15% of revenue, aiming to launch over five new products each year[115]. - The company is actively working on improving the conversion rate of R&D results to support its growth potential and market competitiveness[125]. Corporate Governance - The company has a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team[132]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management to promote stable development[136]. - The company has implemented a transparent and fair information disclosure policy, ensuring timely and accurate communication with investors[135]. - The company has maintained independence in operations, assets, and finances from its controlling shareholders, ensuring compliance with relevant laws[138]. - The company held a total of 7 board meetings during the reporting period, all convened by the chairman[133]. Social Responsibility and Sustainability - The company has achieved ISO9001, ISO14001, and ISO45001 certifications to enhance its internal control and risk management capabilities[194]. - The company has committed to protecting employee rights by providing competitive compensation and a safe working environment[194]. - The company has engaged in social responsibility initiatives, including donations to educational institutions and support for disaster relief efforts[196]. - The company has implemented measures to reduce carbon emissions, including the use of energy-efficient FMS flexible production lines and a distributed photovoltaic power generation system in the new factory construction[192]. Cash Management and Financial Strategy - The company plans to invest in a 55% stake in Mingde Software through equity transfer and capital increase, indicating a strategy for market expansion and diversification[165]. - The company is focusing on cash management using idle fundraising, which reflects a strategic approach to optimize financial resources[160]. - The company has not faced any penalties from securities regulatory authorities in the past three years[153]. - The company has not experienced any significant changes in the feasibility of its projects[108].