Saimo Technology(SZ:300466)2022-04-15 16:00Financial Performance - The company's operating revenue increased compared to the previous year, but net profit decreased due to rising raw material prices and chip shortages, leading to increased production costs [4]. - The company's revenue for 2021 was ¥587.42 million, an increase of 7.77% compared to ¥545.05 million in 2020 [20]. - The net profit attributable to shareholders was a loss of ¥9.52 million, a decrease of 150.29% from a profit of ¥18.94 million in 2020 [20]. - The net cash flow from operating activities was a negative ¥17.98 million, a decline of 11,797.83% compared to a positive cash flow of ¥0.15 million in 2020 [20]. - The total assets at the end of 2021 were ¥1.34 billion, representing a 12.07% increase from ¥1.20 billion at the end of 2020 [20]. - The company's main business revenue after deductions was ¥584.18 million in 2021, compared to ¥542.36 million in 2020 [20]. - The company reported a basic earnings per share of -¥0.0178 in 2021, down 150.57% from ¥0.0352 in 2020 [20]. - The weighted average return on net assets was -1.13% in 2021, a decrease of 3.36% from 2.23% in 2020 [20]. - The total operating revenue for 2021 was approximately ¥587.42 million, representing a 7.77% increase from ¥545.05 million in 2020 [47]. Market Strategy and Expansion - The company plans to focus on expanding its market in smart factories and other new business areas to enhance its industry position and sustainable development capabilities [4]. - The company is focusing on expanding its digital and automation solutions in various industries, including energy, metallurgy, and automotive [29]. - The company is actively expanding into the new energy market, leveraging its advantages in intelligent equipment and automation [31]. - The company plans to expand its market share in automation and logistics projects, with a total of ¥360 million in signed and pending contracts for 2022 [77]. - The company aims to deliver approximately ¥96.51 million in orders for bulk material measurement and detection equipment in the current year [78]. - The company will focus on providing digital solutions for the renewable energy sector, leveraging its 20 years of experience in the power industry [78]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of 2024 [109]. Research and Development - The company has filed 64 invention patents, 148 utility model patents, and 221 software copyrights, showcasing its strong R&D capabilities [30]. - The company’s R&D expenses decreased by 16.60% to 50,026,595.60 CNY in 2021 [57]. - Research and development expenses increased by 12%, amounting to $60 million, focusing on innovative technologies [109]. - Investment in R&D increased by 30% in 2021, focusing on developing new technologies and enhancing existing product lines [148]. Governance and Management - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management [89]. - The board of directors consists of 9 members, including 3 independent directors, and has held 4 meetings to review 20 proposals, ensuring effective governance [87]. - The company maintains independence from its controlling shareholder, ensuring no misuse of funds or assets, and has not provided guarantees for the controlling shareholder or its affiliates [88]. - The company has a complete governance structure with no interference from shareholders in its normal operations [91]. - The company has a clear organizational structure with defined roles and responsibilities, ensuring effective internal management [91]. Risks and Challenges - The company acknowledges risks such as macroeconomic fluctuations and the inability to collect accounts receivable in a timely manner [5]. - The company faces risks from the COVID-19 pandemic affecting supply chains and project delivery timelines, and is implementing measures to ensure operational continuity and improve cash flow [81]. - The company is addressing the risk of slow accounts receivable collection due to strict payment processes from clients, particularly in the power generation and chemical sectors [82]. Environmental and Social Responsibility - The company has implemented measures to strengthen environmental protection, including the installation of gas concentration detectors and the use of centralized welding processes to reduce emissions [137]. - The company reported a total of 1.5 tons of VOCs and 3 tons of particulate matter emissions, with compliance to the Beijing air pollution discharge standards [136]. - The company emphasizes employee rights protection and safety, adhering to labor laws and promoting a safe working environment [140]. Shareholder Engagement and Financial Practices - The company has actively engaged in market expansion and new technology development initiatives [114]. - The company has a dedicated financial department with an independent accounting system and does not share bank accounts with major shareholders [92]. - The company has not provided guarantees for debts of related parties, ensuring no asset or fund occupation by shareholders [92]. - The company reported a total of 0.00 CNY in cash dividends for the year, with a total distributable profit of 0.00 CNY, resulting in a cash dividend ratio of 0.00% [126].