Optics Tech(SZ:300489)2022-12-11 16:00Financial Performance - The company's operating revenue for 2021 was ¥724,029,118.92, representing a 74.29% increase compared to ¥415,409,136.38 in 2020[20]. - The net profit attributable to shareholders decreased by 82.25% to ¥4,225,473.67 from ¥23,810,315.37 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was -¥13,997,837.70, a decline of 251.01% compared to ¥9,269,226.95 in 2020[20]. - The cash flow from operating activities was -¥170,139,868.10, a decrease of 284.06% from -¥44,299,989.49 in the previous year[20]. - Basic earnings per share fell by 82.28% to ¥0.0310 from ¥0.1749 in 2020[20]. - Total assets increased by 17.09% to ¥2,508,913,190.70 at the end of 2021, up from ¥2,142,739,148.36 at the end of 2020[20]. - The net assets attributable to shareholders rose by 5.17% to ¥397,264,449.73 from ¥377,751,033.55 in the previous year[20]. - The company reported a total of ¥18.22 million in non-recurring gains in 2021, compared to ¥14.54 million in 2020, reflecting improved financial performance despite operational challenges[26]. - The company reported a total revenue of 930 million in 2021, maintaining the same level as in 2018[113]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year 2021, representing a year-over-year growth of 15%[120]. Revenue Breakdown - In Q1 2021, the company reported revenue of approximately ¥149.22 million, which increased to ¥202.12 million in Q2, followed by ¥179.82 million in Q3, and ¥192.87 million in Q4[22]. - The infrared optical and laser materials business generated revenue of 551.84 million yuan, up 143.66% compared to the previous year[60]. - Domestic sales contributed 68.35% of total revenue, increasing by 61.55% year-on-year, while international sales grew by 110.10%[60]. - The revenue from the infrared optical and laser device business in 2021 was 550 million yuan, representing a year-on-year growth of 143.05% compared to 2020[188]. Research and Development - R&D expenditure reached 42.18 million yuan, an increase of 421.68% year-on-year, reflecting the company's commitment to innovation[55]. - The company has established a strong R&D team with 10 core technologies and a total of 82 patents, including 15 invention patents[49]. - The company has been focusing on R&D for new products in the optical and aluminum alloy sectors, aligning with national policies promoting advanced manufacturing and technology innovation[33]. - The company plans to increase its R&D budget by 30% in 2022 to accelerate innovation and product development[120]. - The company completed the development of 20W, 30W, and 50W infrared picosecond laser samples, which received recognition from precision laser processing equipment customers[75]. Market Expansion and Strategy - The company is actively expanding its market presence in the optical and aluminum alloy industries, driven by favorable government policies and increasing demand in various sectors[32]. - The company plans to expand its market presence in non-nuclear sectors and enhance product offerings in high-performance aluminum alloys and infrared optical devices[94]. - The company is focusing on market expansion and new product development as part of its growth strategy[111]. - The company is planning to expand its market presence in Southeast Asia, targeting a market share increase of 10% within the next two years[124]. - The company has completed a strategic acquisition of a local competitor, enhancing its market share by 10%[120]. Operational Challenges - The audit report indicated a qualified opinion regarding the company's financial statements, highlighting a significant decline in net profit[4]. - The management discussion section outlines potential risks and measures for future operations[4]. - The company faces risks from the ongoing COVID-19 pandemic, which may impact domestic and international operations and logistics for export businesses[96]. - Raw material price volatility, especially for aluminum and copper, significantly affects the company's operating performance due to high direct material costs[97]. - The company has not reported any significant discrepancies between financial data under international and Chinese accounting standards, ensuring consistency in financial reporting[23][24]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and accountability[101]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[102]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making or operations[103]. - The company has implemented performance evaluation and incentive mechanisms for its management team to ensure transparency and effectiveness[104]. - The company has engaged in related party transactions, including equipment procurement, which were approved by the board[130]. Environmental Responsibility - The company emphasizes a commitment to environmental protection and sustainable development, focusing on clean production and pollution reduction[168]. - The company has established a new acid-base wastewater treatment station with a processing capacity of 2 m³/h, complying with environmental regulations[165]. - The company has not engaged in any significant environmental violations or received administrative penalties during the reporting period[166]. Employee and Talent Management - The total number of employees at the end of the reporting period was 1,058, with 224 in the parent company and 834 in major subsidiaries[139]. - The company aims to attract and retain talent through a competitive salary system that aligns employee performance with business objectives[140]. - The company has established a comprehensive training system, focusing on both internal and external training to enhance organizational capabilities[141]. Future Outlook - The company has outlined a three-year dividend return plan for shareholders from 2022 to 2024[111]. - The company is expected to continue its research and development efforts to innovate new products and technologies[115]. - The company has not provided specific guidance for future earnings or market performance in the upcoming fiscal periods[115]. - The company aims to improve operational efficiency, targeting a 5% reduction in production costs through process optimization initiatives[120].