JONES TECH PLC(SZ:300684)2022-04-21 16:00Financial Performance - The company achieved operating revenue of 1.248 billion yuan, an increase of 8.62% compared to the previous period, while net profit attributable to shareholders decreased by 29.99% to 132 million yuan[56]. - The company's operating revenue for 2021 was ¥1,247,597,167.88, an increase of 8.62% compared to ¥1,148,599,793.51 in 2020[5]. - The net profit attributable to shareholders decreased by 29.99% to ¥131,678,398.43 from ¥188,093,964.05 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was ¥106,096,192.42, down 40.61% from ¥178,654,104.76 in 2020[5]. - The basic earnings per share fell by 33.67% to ¥0.4689 from ¥0.7069 in 2020[5]. - The total assets at the end of 2021 were ¥1,963,471,938.07, a decrease of 1.07% from ¥1,984,725,390.71 at the end of 2020[5]. - The company reported a net cash flow from operating activities of ¥158,457,485.34, an increase of 2.36% compared to ¥154,802,419.71 in 2020[5]. - The company received government subsidies amounting to ¥9,810,657.49, which is significantly higher than ¥2,388,824.21 in 2020[24]. - The company reported a total of ¥25,582,206.01 in non-recurring gains for 2021, compared to ¥9,439,859.29 in 2020[25]. Profit Distribution - The company reported a profit distribution plan to distribute a cash dividend of 4.30 RMB per 10 shares (including tax) based on 280,852,507 shares[4]. - The company plans to distribute a cash dividend of 4.30 CNY per 10 shares (including tax), with a total cash dividend amounting to 120,766,578.01 CNY, which represents 100% of the distributable profit[172]. - The total number of shares for the dividend distribution is based on 280,852,507 shares[173]. - The company approved a profit distribution plan for 2020, distributing a cash dividend of 6.3 yuan per 10 shares, totaling 176,999,575 yuan[170]. Corporate Governance - The company maintains independent operations and management, distinct from its controlling shareholder, ensuring no adverse effects on governance structure[123]. - The controlling shareholder has acted within legal boundaries, without interfering in the company's decision-making processes[124]. - The company has established performance evaluation and incentive mechanisms for directors, supervisors, and senior management, linking their compensation to company performance and individual achievements[125]. - The company has a governance structure that includes independent directors and a supervisory board[137]. - The board of directors convened seven times, adhering to legal and procedural requirements, and effectively fulfilling their duties[121]. - The supervisory board also met seven times, ensuring compliance with financial regulations and providing reasonable suggestions on major issues[122]. - The company held two shareholder meetings during the reporting period, ensuring equal rights for all shareholders, particularly minority shareholders[120]. - The company has established a framework to prevent conflicts of interest and protect shareholder interests through strict adherence to regulatory requirements[200]. Research and Development - The company has a strong emphasis on R&D, focusing on high thermal conductivity synthetic graphite technology and thermal management solutions[41]. - The company increased R&D investment to 80.39 million yuan, a year-on-year increase of 10%, focusing on new technologies and products[57]. - The number of R&D personnel increased by 12.90% to 210, with a higher proportion of staff holding bachelor's degrees[74]. - The company applied for 18 domestic and international patents during the reporting period, bringing the total to 166 patents[58]. Market and Industry Focus - The company is focused on developing advanced thermal management solutions based on graphite materials and two-phase flow products to meet the demands of next-generation electronic devices[29]. - The company is a leading provider of artificial synthetic graphite products, with a comprehensive product range and advanced technology in the high thermal conductivity graphite film sector[30]. - The company is focusing on high-growth areas such as AIoT and new consumer electronics, which will help reduce reliance on traditional consumer electronics[34]. - The digital infrastructure sector is a key focus area, with government plans emphasizing the development of new communication networks and data centers, driving demand for the company's cooling solutions[35]. - The company is developing water cooling solutions to address the thermal management challenges in electric vehicles, where power consumption can reach 300-400 watts[39]. - The company has established deep collaborations with leading enterprises in the clean energy sector, leveraging its core technologies and R&D platforms[47]. Operational Efficiency - The company has developed a digital factory and lean management system to enhance operational efficiency and product quality through advanced data analytics[51]. - The company maintains a direct sales model to enhance customer engagement and service quality[48]. - The company has a global production layout with backup capabilities in East China, South China, and Southeast Asia to ensure delivery reliability[54]. - The company aims to reduce operational costs by 8% through improved supply chain management[148]. Employee Management - The total number of employees at the end of the reporting period was 1,008, with 615 in production, 210 in technical roles, and 99 holding master's degrees[166]. - The company completed the first phase of its employee stock ownership incentive plan to attract and stabilize key management and technical talents[168]. - The company plans to enhance its performance evaluation system, linking assessment results to employee compensation to foster a performance-oriented culture[167]. - The company conducted various training programs to improve employee skills and maintain core competitiveness, including safety and professional knowledge training[169]. Risk Management - The company emphasizes the importance of risk management, addressing macroeconomic uncertainties, exchange rate fluctuations, and management risks through proactive planning and enhanced operational capabilities[110]. - The company has expanded its overseas operations, establishing a delivery base centered in Thailand to mitigate risks from macroeconomic uncertainties[111]. - The company has implemented foreign exchange hedging strategies to manage financial risks[154]. Social Responsibility - The company actively engaged in social responsibility initiatives, including charity events and community support[193]. - The company aims to integrate social responsibility into its development strategy for harmonious growth with society[193]. - The company maintained a focus on employee welfare, providing health checks and a comfortable working environment[192]. - No major environmental issues were reported, and the company is not classified as a key pollutant unit[191]. Financial Management - The company has implemented a cash management plan using temporarily idle raised funds[161]. - The company plans to use part of its idle raised funds for cash management in 2021[153]. - The company has committed to not transferring shares to any third party engaged in similar business or in competition with the company, ensuring long-term stability and development[199]. - The company has reported that all commitments are being fulfilled normally, indicating a stable governance structure[197].