Goke(SZ:300672)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was CNY 2,321,897,195.89, representing a 217.66% increase compared to 2020[26]. - The net profit attributable to shareholders for 2021 was CNY 293,078,019.06, a significant increase of 313.63% from the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 255,067,209.94, reflecting a 355.81% increase year-over-year[26]. - The total assets at the end of 2021 amounted to CNY 3,479,019,769.64, an 18.34% increase from 2020[26]. - The company's basic earnings per share for 2021 was CNY 1.6251, up 313.51% from CNY 0.3930 in 2020[26]. - The cash flow from operating activities for 2021 was CNY 176,692,176.82, a 33.84% increase compared to 2020[26]. - The company reported a weighted average return on equity of 21.12% for 2021, up from 5.91% in 2020[26]. - The company achieved total revenue of RMB 2,321,897,195.89, representing a year-on-year growth of 217.66%[70]. - The solid-state storage series chips generated sales revenue of RMB 1,092,820,329.27, up 131.14% year-on-year, accounting for 47.06% of total revenue[70]. - The video encoding series chips reported sales revenue of RMB 1,045,997,734.85, a significant increase of 741.79% year-on-year, making up 45.05% of total revenue[70]. - The video decoding series chips achieved sales revenue of RMB 136,207,645.98, growing by 631.46% year-on-year, representing 5.87% of total revenue[67]. - The integrated circuit R&D, design, and services segment generated revenue of RMB 45,765,996.75, a decrease of 60.13% year-on-year, contributing 1.97% to total revenue[69]. Market Expansion and Strategy - The company is actively pursuing market expansion opportunities to strengthen its position in the integrated circuit sector[5]. - The report includes a detailed analysis of the company's future development strategies and market expansion plans[5]. - The company is focused on the research and development of new products and technologies to enhance its competitive edge in the semiconductor industry[5]. - The company is exploring potential mergers and acquisitions to accelerate growth and enhance its technological capabilities[5]. - The company aims to become a top-tier integrated circuit design solution provider, enhancing the "Guokewei" brand's recognition through core competitiveness and quality service[56]. - The company plans to enhance brand building and market expansion by increasing its market share in video decoding, encoding, solid-state storage, and IoT chip markets[57]. - The company is actively expanding into new business areas, including TV, commercial display, and AR/VR, by launching new video processing chips[49]. - The company plans to launch new generation solid-state storage enterprise-level controller chips and corresponding solid-state drives in 2022[66]. Research and Development - The company has developed the GK2302 series SSD controller chip, which has passed national testing and is in mass production[44]. - The company launched new H.264/H.265 video capture chips, significantly improving processing capabilities and meeting diverse customer needs[45]. - The company is actively developing next-generation video codec chips to maintain product competitiveness[66]. - The company has a strong R&D team, which is a key factor in its ongoing technological innovation and market competitiveness[6]. - The company has received 66 new patent certificates during the reporting period, including 59 invention patents, reflecting its commitment to innovation[63]. - The company's technology and R&D personnel accounted for 62.34% of its workforce, emphasizing its focus on innovation[62]. - The company’s R&D investment amounted to ¥336,859,448.77 in 2021, representing 14.51% of total revenue[99]. - The number of R&D personnel rose by 31.63% to 437, with a proportion of 62.34% of total employees[97]. Governance and Compliance - The company is committed to improving its governance structure and decision-making mechanisms to ensure efficient operations[59]. - The company has established a comprehensive governance structure, ensuring clear responsibilities and effective decision-making processes among the shareholders, board of directors, and supervisory board[133]. - The company is committed to maintaining compliance with corporate governance standards following the board and supervisory board elections[157]. - The company emphasizes the importance of adhering to the disclosure requirements for the integrated circuit business as per the Shenzhen Stock Exchange guidelines[5]. - The company has implemented strict intellectual property protection measures to safeguard its innovations from imitation or malicious lawsuits[7]. Risks and Challenges - The management has highlighted potential risks in future operations and corresponding countermeasures in the outlook section of the report[5]. - The company faces supply chain risks due to increasing market demand leading to potential capacity shortages in the semiconductor industry[123]. - The company relies on government subsidies, which account for over 30% of its total profit, posing a risk if these subsidies decrease or become unsustainable[8]. - The company has faced adverse impacts on product development and market promotion due to the COVID-19 pandemic, affecting procurement demand and raw material supply[9]. Employee and Shareholder Matters - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares to all shareholders, based on a total of 182,121,301 shares[5]. - The board of directors has approved the profit distribution plan, which includes no bonus shares being issued[5]. - The cash dividend payout ratio was 100% of the total distributable profit of 360,231,003.23 yuan[191]. - The company has implemented an employee stock ownership plan, with a total of 1,171,000 restricted shares granted to 159 participants as part of the 2019 incentive plan[195]. - The total number of employees at the end of the reporting period was 701, with 275 in the parent company and 426 in major subsidiaries[185]. - The employee composition included 437 technical staff, 79 sales personnel, and 27 financial staff[186]. - The company conducted 153 internal training sessions in 2021, with an average attendance of 150 participants per session[186]. Financial Management - The company has committed to ensuring the accuracy and completeness of the financial report, with key personnel affirming its integrity[4]. - The company’s net profit attributable to the parent company for the reporting period was 293,078,019.06 yuan[191]. - The company's retained earnings at the beginning of the year were ¥176,042,946.55, and by the end of 2021, the distributable profits for shareholders increased to ¥360,231,003.23[193]. - The company reported an investment amount of 19,000,000.00 yuan for the reporting period, representing a 51.39% increase compared to 12,550,000.00 yuan in the same period last year[112]. - The company's cash and cash equivalents decreased by ¥181,930,497.62, marking a significant decline of 562.11%[104]. - The company's inventory increased to ¥1,045,376,745.75, accounting for 30.05% of total assets[106]. - The net investment cash flow was -¥440,355,229.05, indicating a 106.98% decrease compared to the previous year[103].