GHT(SZ:300711)2022-03-30 16:00Financial Performance - The company's operating revenue for 2021 was CNY 345,870,602.52, representing a 12.18% increase compared to CNY 308,327,748.28 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 43,710,962.63, a significant increase of 41.81% from CNY 30,823,080.20 in 2020[20]. - The net profit after deducting non-recurring gains and losses was CNY 41,834,796.31, up 46.22% from CNY 28,611,789.76 in 2020[20]. - The company's total assets at the end of 2021 were CNY 809,977,862.50, reflecting a 3.83% increase from CNY 780,094,422.53 at the end of 2020[20]. - The basic earnings per share for 2021 was CNY 0.2105, which is a 41.85% increase compared to CNY 0.1484 in 2020[20]. - The company reported a net cash flow from operating activities of CNY 36,919,124.60, a decrease of 47.60% from CNY 70,456,162.53 in 2020[20]. - The company achieved operating revenue of 345.87 million yuan, a year-on-year increase of 12.18%[65]. - The net profit attributable to shareholders reached 43.71 million yuan, reflecting a year-on-year growth of 41.81%[65]. - In the digital command and dispatch product sector, operating revenue was 126.65 million yuan, up 8.50% from 116.72 million yuan in the previous year[66]. - The gross profit margin for the defense industry multimedia command dispatch system was 44.51%, compared to 44.07% in the previous year[58]. - The gross profit margin for the electric power industry digital command dispatch system increased by 3.78 percentage points to 63.29%[59]. - The company reported a total revenue of 1,064,540 thousand RMB for the year 2021, indicating a significant performance in the telecommunications sector[156]. - The company reported a total revenue of 1.5 billion yuan for the fiscal year, representing a year-over-year increase of 10%[167]. Dividend Distribution - The company plans to distribute a cash dividend of 1.10 RMB per 10 shares to all shareholders, based on a total of 207,642,172 shares[6]. - The total distributable profit for the year is 69,482,519.12 CNY, with the remaining undistributed profit carried over to the next year amounting to 46,641,880.20 CNY[196]. - The company will allocate 10% of the parent company's net profit, amounting to 1,873,043.22 CNY, to statutory reserves[196]. - The company emphasizes the importance of maintaining a stable and continuous profit distribution policy to protect shareholder interests[186]. - The cash dividend distribution is subject to the approval of the board of directors and the shareholders' meeting[185]. - The company has established a communication channel to gather opinions from minority shareholders regarding dividend distribution[189]. - The company’s profit distribution plan aligns with its articles of association and relevant regulations[194]. - The company will consider external factors such as macroeconomic conditions when adjusting its profit distribution policy[190]. Research and Development - The company continues to focus on R&D investment, exceeding 10% of operating revenue annually, to enhance its competitive edge[60]. - R&D investment amounted to CNY 59.43 million, a 30.94% increase from the previous year, representing 17.18% of total revenue[70]. - The company is focusing on the development of 5G technology and applications, aiming to create scalable end-to-end solutions for industry needs[85]. - The company plans to invest 200 million yuan in R&D for new technologies aimed at enhancing product efficiency and user experience[167]. - The company has established long-term cooperation agreements with universities and power companies for research in smart grid and dispatch communication technologies[70]. - The company has applied for 17 patents during the reporting period, including 9 invention patents, and has a total of 60 authorized patents[60]. Market Position and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies[6]. - The company is a major supplier in the defense and electric power sectors, with a strong market position in command and dispatch communication systems[31]. - The company has established a stable supply chain for raw materials, maintaining long-term relationships with key suppliers[45]. - The company is positioned to benefit from the integration of energy and information communication infrastructure as outlined in national development plans[34]. - The company aims to integrate information technology with dispatch services, enhancing capabilities in cloud computing, AI, 5G, and IoT[55]. - The company is transitioning from communication scheduling to information scheduling, integrating multimedia command and dispatch products with information technology[121]. - The company intends to expand its market presence in the electric power and railway sectors, focusing on intelligent scheduling and multimedia dispatch systems[126]. - The company plans to enhance its communication products to meet new operational requirements driven by smart grid construction[119]. Governance and Compliance - The company has a clear governance structure with all board members present for the report's approval[6]. - The board of directors consists of nine members, including three independent directors, ensuring compliance with legal and regulatory requirements[139]. - The company adheres to strict corporate governance practices, ensuring compliance with relevant laws and regulations, and has a well-defined governance structure[136]. - The company has established an independent financial accounting system, enabling autonomous financial decision-making[149]. - The company operates independently in the research, production, and sales of digital and multimedia command and dispatch systems, without reliance on controlling shareholders[144]. - The company has multiple channels for investor communication, including a dedicated hotline and email[142]. - The company has no related party transactions that could lead to unfair competition with controlling shareholders[144]. Risks and Challenges - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in the report[6]. - The company faced risks of rising material procurement costs due to international trade conditions and supply chain disruptions[82]. - The company faces competitive risks in the defense and electric power sectors, necessitating a focus on strengthening its technological capabilities and service resources[129]. - The company faces intense competition for talent in the information and communication industry, which has led to increased demand for skilled personnel and risks associated with key talent loss[130]. - The company has developed high-quality products that align with market demands, contributing to stable business growth, but faces risks related to the stability and maturity of new products and technologies[133]. Employee and Management - The company had a total of 438 employees at the end of the reporting period, with 241 in the parent company and 197 in major subsidiaries[180]. - The professional composition includes 227 technical personnel, 92 production personnel, and 33 sales personnel[181]. - 322 employees hold a bachelor's degree or higher, representing approximately 73.5% of the total workforce[181]. - The company has established a competitive salary system that combines fixed and variable compensation[182]. - The company has a training system aimed at enhancing professional capabilities and solving practical problems[183]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 4.6917 million yuan[169]. - The total remuneration for the current general manager was 834,000 yuan during the reporting period[170]. - The total compensation for five senior management personnel in 2021 amounted to RMB 3.7421 million[198]. Future Outlook - The company has not disclosed specific future guidance or performance outlook for 2022, indicating a cautious approach amid market uncertainties[156]. - The company plans to continue expanding its market presence and developing new technologies in the upcoming fiscal year[171]. - The company is actively monitoring market trends and adjusting its strategies accordingly to remain competitive in the telecommunications industry[156].