CDL(SZ:300686)2022-03-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,166,021,668.21, a decrease of 6.72% compared to ¥2,322,012,271.99 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥56,188,293.26, down 46.50% from ¥105,026,899.69 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥51,450,254.76, a decline of 47.46% from ¥97,928,652.75 in 2020[18]. - The net cash flow from operating activities decreased by 43.74% to ¥142,806,612.26 from ¥253,810,783.13 in 2020[18]. - Basic earnings per share for 2021 were ¥0.2115, down 58.72% from ¥0.5124 in the previous year[18]. - Total assets at the end of 2021 were ¥2,833,713,608.00, a decrease of 17.81% from ¥3,447,865,619.31 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 9.62% to ¥1,728,212,904.58 from ¥1,912,156,396.27 in 2020[18]. - The weighted average return on net assets was 2.92%, down 10.13% from 13.05% in the previous year[18]. Revenue Breakdown - Revenue from the communication industry accounted for 97.38% of total revenue, amounting to ¥2,109,327,254.15, which represents a decrease of 1.49% year-on-year[39]. - The company's gross profit margin for functional electronic devices was 27.10%, while for structural electronic devices it was 12.33%, reflecting a decrease of 10.85% and 1.77% respectively compared to the previous year[41]. - Sales volume of functional electronic devices increased by 53.72% year-on-year, reaching 610.6 million square meters, driven by an increase in order quantity[43]. - The optical components segment saw a revenue increase of 34.41%, with total revenue reaching ¥245,432,946.84[39]. - Domestic sales accounted for 60.58% of total revenue, amounting to ¥1,312,079,501.86, while international sales decreased by 15.71% to ¥853,664,777.77[39]. Investment and R&D - The company’s R&D expenditure in 2021 was ¥115,304,874.74, accounting for 5.32% of total revenue, which is an increase from 4.95% in 2020[56]. - The company has a strong focus on R&D, continuously improving production processes and product value to meet market demands and enhance customer satisfaction[37]. - The company completed several key R&D projects, including the development of a new high-pressure machine structure aimed at improving production automation[54]. - The company has outlined potential risks and countermeasures in its future development outlook section[4]. Cash Flow and Financial Position - The net cash flow from operating activities for 2021 was ¥142,806,612.26, a decrease of 43.74% compared to 2020, primarily due to increased cash payments for goods and services[57]. - The net cash flow from investing activities was -¥588,654,176.75 in 2021, a decline of 167.08% year-over-year, mainly due to the purchase of structured deposits[57]. - The net cash flow from financing activities was -¥480,749,153.21, down 143.76% from 2020, attributed to the previous year's fundraising and payments for the acquisition of a 49% stake in a subsidiary[57]. - The total cash and cash equivalents decreased by ¥930,045,280.91, representing a decline of 182.61% compared to the previous year[57]. Shareholder Information - The company plans to distribute a cash dividend of ¥0.38 per 10 shares, based on a total of 264,824,240 shares[4]. - The total undistributed profit at the end of 2021 was 483,058,750.91 yuan, with the parent company's undistributed profit at 312,899,850.46 yuan[136]. - The company’s cash dividend accounted for 100% of the total profit distribution amount[135]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 4.472 million[118]. Governance and Management - The company experienced a change in senior management, with the resignation of two executives due to personal reasons during the reporting period[110]. - The company appointed a new financial director, Li Minghui, on November 29, 2021, following the resignation of the previous director[110]. - The company’s board of directors includes a mix of experienced professionals, with the chairman being in position since January 29, 2013[109]. - The company has a diverse management team, with members holding various roles and responsibilities across different departments[111]. Compliance and Internal Control - The internal control audit report received a standard unqualified opinion, indicating no discrepancies in internal controls[145]. - The company has not reported any significant internal control deficiencies during the reporting period, indicating effective governance practices[142]. - The company has implemented a cash dividend policy to ensure shareholder returns, actively protecting shareholder rights[150]. - The company has not faced any objections from directors regarding company matters during the reporting period[124]. Market Trends and Future Outlook - The consumer electronics industry is experiencing rapid growth, with smartphone shipments expected to reach 1.35 billion units in 2021, a 5.3% increase year-over-year[27]. - The market for smart wearable devices is projected to grow significantly, driven by advancements in 5G and AI technologies, positioning the company to capitalize on this trend[28]. - The company aims to enhance its market position in the consumer electronics sector and smart terminal devices, targeting to become a global leader in functional and structural components[92]. - The company acknowledges risks related to investment projects not meeting expectations due to macroeconomic fluctuations and industry cycles[95].