AIM(SZ:300446)2022-04-18 16:00Financial Performance - The company is under "delisting risk warning" by the Shenzhen Stock Exchange due to its financial performance, with a net profit of negative value after deducting non-recurring gains and losses, and annual revenue below 100 million yuan[7]. - There is a possibility of continued losses, as the company has halted production of its thermal magnetic ticket production line due to sufficient inventory and halted customer demand, leading to uncertainty in future revenue[10]. - The company does not plan to distribute cash dividends, issue bonus shares, or increase share capital from reserves[17]. - The company's operating revenue for 2021 was ¥153,094,271.40, an increase of 16.82% compared to ¥131,049,777.63 in 2020[30]. - The net profit attributable to shareholders in 2021 was ¥4,987,046.36, a significant turnaround from a loss of ¥25,172,866.50 in 2020, representing a 119.81% increase[30]. - The net profit after deducting non-recurring gains and losses was -¥13,471,499.47 in 2021, an improvement of 68.21% from -¥42,374,347.80 in 2020[30]. - The net cash flow from operating activities was ¥43,120,422.31, up 10.88% from ¥38,890,892.63 in the previous year[30]. - Basic earnings per share for 2021 were ¥0.0246, compared to a loss of ¥0.1242 per share in 2020, marking a 119.81% increase[30]. - Total assets at the end of 2021 were ¥827,025,298.08, a decrease of 1.32% from ¥838,115,035.59 at the end of 2020[30]. - The net assets attributable to shareholders at the end of 2021 were ¥647,993,754.45, a slight increase of 0.78% from ¥643,006,708.09 at the end of 2020[30]. Revenue and Sales - The company reported quarterly revenues of ¥43,404,299.87 in Q1, ¥41,546,067.91 in Q2, ¥33,120,291.90 in Q3, and ¥35,023,611.72 in Q4 of 2021[33]. - The company confirmed that there were no significant discrepancies between the reported quarterly and annual financial indicators[33]. - The company’s main energy types, including steam, electricity, natural gas, and water, did not experience significant changes during the reporting period[61]. - The company reported a total revenue of 1,875.561 million in the reporting period[142]. - The company reported a total revenue of 1.2 billion yuan for the fiscal year 2021, representing a year-over-year increase of 15%[153]. - The user base grew to 5 million active users, an increase of 25% compared to the previous year[153]. - The company expects a revenue growth of 20% for the next fiscal year, projecting revenues to reach approximately 1.44 billion yuan[153]. - New product launches are anticipated to contribute an additional 300 million yuan in revenue, with a focus on innovative materials[153]. - The company reported a total revenue of 220.16 million for the year 2021[156]. Product Development and Market Trends - New product sales may not meet expectations, with the company launching new products such as electromagnetic wave shielding films and pressure testing films, but facing risks of price declines and lower sales volumes due to intense market competition[11]. - The company is actively expanding its product line to include new electronic functional materials, such as pressure-sensitive films and electromagnetic shielding films[41]. - The automotive interior film market is projected to grow, with a forecasted global market size of USD 764 million by 2025, of which USD 448 million will be for INS films[44]. - The demand for electromagnetic shielding films in China is projected to reach 19 million square meters by 2023, up from 9.8 million square meters in 2019, reflecting a growth rate of 21%[46]. - The domestic sales volume of pressure testing films is anticipated to reach approximately 370,000 boxes by 2022, with an estimated sales revenue of around ¥800 million[48]. - The company is developing new products, including automotive interior films and conductive adhesive films, to enhance its market presence[41]. - The company is focusing on the development of new products such as pressure testing films and electromagnetic wave shielding films, with further breakthroughs in market expansion[54]. Research and Development - R&D investment amounted to 31.8871 million yuan, accounting for 20.83% of operating income, despite a year-on-year decrease of 19.29%[56]. - The company has obtained a total of 47 patents, including 33 invention patents and 14 utility model patents[56]. - The company is accelerating the R&D and market launch of new electronic functional materials, including electromagnetic shielding films and conductive adhesive films[52]. - The company aims to enhance its R&D capabilities through these investments, aligning with its strategic development plan[110]. - The company has established a new product launch reward system for R&D personnel and a sales performance commission system for marketing personnel[170]. Strategic Planning and Investments - The company is planning to issue shares to acquire 100% of Sichuan South Aerospace Energy Technology Co., Ltd. and Chengdu Aerospace Molding Co., Ltd., but the transaction is subject to uncertainties regarding asset valuation and regulatory approvals[14]. - The company has made strategic adjustments to the project timelines based on overall planning needs[110]. - The company is currently developing an electronic materials research and development project with a total investment of RMB 69,310.16 million, of which RMB 35,240.00 million has been invested[103]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan allocated for potential deals[153]. - The company is pursuing mergers and acquisitions to expand its revenue scale and improve its risk resistance capabilities[123]. Governance and Management - The company adheres to legal regulations and maintains a governance structure that aligns with the requirements of the China Securities Regulatory Commission[130]. - The company has a complete and independent organizational structure, including a shareholders' meeting, board of directors, and supervisory board[135]. - The company has established a transparent performance evaluation and incentive mechanism for senior management[129]. - The company emphasizes the importance of corporate governance and accountability through its independent board members and supervisory structure[148]. - The company has a modern corporate governance structure, with a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[177]. Environmental Compliance - The company has established wastewater treatment stations, operational since January 2015 and November 2021, respectively, with normal operations reported[199]. - The company reported a total phosphorus discharge of 0.07 mg/L, which is below the standard limit of ≤0.5 mg/L[198]. - The company achieved a COD discharge of 18 mg/L, compliant with the Grade A standard of ≤50 mg/L[198]. - The ammonia nitrogen discharge was recorded at 0.73 mg/L, well within the standard limit of ≤5 mg/L[198]. - The company has installed an online monitoring system for the exhaust emissions at the 2 workshop, ensuring continuous monitoring and real-time data upload[200]. - The company has no instances of exceeding discharge limits reported in the current period[198]. Employee and Talent Management - The total number of employees at the end of the reporting period was 346, with 250 in the parent company and 96 in major subsidiaries[169]. - The professional composition includes 192 production personnel, 15 sales personnel, 65 technical personnel, 14 financial personnel, and 60 administrative personnel[169]. - The company implements a salary assessment system based on a combination of position salary and performance salary, ensuring employee motivation and creativity[170]. - The company has established a comprehensive human resources policy, focusing on recruitment, training, assessment, and promotion to ensure sustainable development[182]. Risk Management - The company has established an effective risk assessment process to identify operational, environmental, and financial risks, ensuring timely responses and comprehensive reporting to management[184]. - The company has strict approval procedures for external investments, requiring board or shareholder approval for new projects and significant investments[189]. - The company has a systematic approach to managing related party transactions, ensuring fairness and compliance with market principles[187].