TECNON(SZ:300650)2022-03-24 16:00Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 128,574,439 shares[4]. - The company plans to distribute a cash dividend of 2.00 yuan per 10 shares, totaling 25,714,887.80 yuan, which represents 100% of the total profit distribution[147]. Company Address and Compliance - The company has undergone a change in its registered address, effective October 14, 2021, moving to a new location in Fujian Province[15]. - The company’s registered address is located in the Zhangzhou Taiwan Business Investment Zone, Fujian Province[15]. - The company emphasizes compliance with the Shenzhen Stock Exchange's disclosure requirements related to the LED industry chain[4]. - The company has designated the Shenzhen Stock Exchange as the platform for disclosing its annual report[17]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication of important operational information[117]. Financial Performance - The company's operating revenue for 2021 reached ¥4,947,560,323.47, representing a 336.80% increase compared to ¥1,132,693,467.36 in 2020[19]. - The net profit attributable to shareholders was ¥123,011,307.44, a significant increase of 362.43% from ¥26,601,343.63 in the previous year[19]. - The net cash flow from operating activities was ¥387,363,952.50, up 214.47% from ¥123,178,913.63 in 2020[19]. - The total assets at the end of 2021 amounted to ¥2,345,345,952.98, reflecting a 31.00% increase from ¥1,790,364,021.71 at the end of 2020[19]. - The company reported a basic earnings per share of ¥1.06, which is a 324.00% increase compared to ¥0.25 in 2020[19]. - The weighted average return on equity increased to 15.53% in 2021 from 4.99% in 2020, indicating improved profitability[19]. - The net profit after deducting non-recurring gains and losses was ¥114,698,121.24, a 380.42% increase from ¥23,874,742.57 in 2020[19]. Market and Industry Trends - The semiconductor distribution business has been a key growth area, driven by advancements in 5G, AI, IoT, and electric vehicles, creating new market opportunities[30]. - The semiconductor distribution industry is experiencing a cyclical pattern, with fluctuations occurring every 3-4 years between boom and recession phases[33]. - The semiconductor market is expected to benefit from the growth of 5G, IoT, AI, and automotive electronics, which will further expand the semiconductor industry's growth potential[34]. - The commercial lighting market is characterized by seasonal peaks, with significant renovations occurring in the third and fourth quarters, particularly before major holidays[38]. - The domestic LED lighting market size was approximately CNY 386 billion in 2021, with a year-on-year growth of 5.8%[99]. - The global LED lighting market is expected to exceed USD 78.7 billion by 2027, recovering from the impacts of the COVID-19 pandemic[99]. Business Segments and Growth - The electronic components distribution segment accounted for 88.70% of total revenue, with revenue of ¥4,388,941,067.62, up 492.45% from ¥740,268,078.59 in 2020[51]. - The commercial lighting business segment achieved total revenue of 558.85 million yuan, representing a year-on-year growth of 42.41%[44]. - The company has established long-term partnerships with well-known brands such as Xiaomi, OPPO, and BYD, enhancing its market influence[33]. - The company has developed a product structure centered on lighting fixtures, with LED displays and optical signage as new growth points since 2014[37]. - The company is actively expanding its market presence in the semiconductor distribution sector, which is expected to continue growing due to the rapid development of related industries[31]. Research and Development - The company is focusing on developing new technologies such as Bluetooth product testing systems and optical flow technology for object detection and tracking, aiming to enhance production efficiency and competitive advantage[64]. - The company is developing a TWS earphone with a built-in high-precision temperature sensor, which can measure the user's body temperature and provide automatic reporting[65]. - The number of R&D personnel increased by 12.27% from 163 in 2020 to 183 in 2021, representing 19.14% of the total workforce[67]. - R&D investment amounted to ¥40,128,410.80 in 2021, which is 0.81% of the operating revenue, a decrease from 2.35% in 2020[67]. - The company is focusing on wireless control solutions for LED lighting, addressing the rising costs of wiring and labor in project construction[65]. Governance and Management - The company held 1 annual general meeting and 4 extraordinary general meetings during the reporting period, ensuring equal rights for all shareholders[115]. - The board of directors consists of 6 members, including 2 independent directors, and held 10 meetings during the reporting period[116]. - The company maintains complete independence from the controlling shareholder in terms of assets, personnel, finance, organization, and business operations[118]. - The company has established an independent financial department with its own accounting system and tax obligations[118]. - The company’s governance and operational decisions were made in a timely and efficient manner, safeguarding shareholder interests[138]. Environmental and Social Responsibility - The company emphasizes ecological environment protection and sustainable development, implementing measures to reduce carbon emissions[168]. - The company achieved energy management system certification in January 2020, leading to improved energy efficiency and cost reduction[169]. - The company has invested in a photovoltaic power station to enhance energy efficiency and reduce costs[169]. - The company has developed a comprehensive system for managing hazardous substances in its products to ensure compliance with safety regulations[168]. - The company is committed to protecting the rights of shareholders, particularly small and medium-sized investors, by ensuring transparent information disclosure and maintaining a robust internal control system[172]. Financial Management and Investments - The total amount of funds raised from the initial public offering in 2017 was RMB 220,228,650, with a net amount of RMB 189,978,650 after deducting issuance costs[82]. - The company raised RMB 41,316,790 through a private placement in 2021, with a net amount of RMB 40,852,550 after deducting issuance costs[84]. - The company has committed to using the raised funds for the construction of the commercial lighting industrial base and design research center[83]. - The company has not sold any significant assets during the reporting period[92]. - The company has not experienced any significant changes in the feasibility of the projects after the fundraising fund changes[91].