Increase(SZ:300713)2022-04-25 16:00Financial Performance - The net profit attributable to the parent company for 2021 was ¥8,934,834.62, a decrease of 68.52% compared to the previous year[4]. - The operating revenue for 2021 was ¥255,273,349.77, down 3.91% year-on-year[4]. - The basic earnings per share for 2021 was ¥0.0566, representing a decrease of 68.54% compared to ¥0.1799 in 2020[18]. - The company reported a net profit of ¥-1,712,509.62 after deducting non-recurring gains and losses, which is an improvement of 48.51% compared to the previous year[18]. - The net profit attributable to shareholders for Q4 2021 was -¥7,829,021.33, marking a significant decline compared to previous quarters[21]. - The company received government subsidies amounting to ¥3,370,351.37 in 2021, down from ¥7,286,002.55 in 2020[24]. - The company reported a total revenue of 299.72 million in 2021, with a significant increase compared to the previous year[151]. - The net profit for 2021 was 2.58 billion, reflecting a growth of 12% year-over-year[151]. Cash Flow and Assets - The net cash flow from operating activities was ¥36,995,931.12, a decline of 7.50% from the previous year[18]. - The net cash flow from operating activities in Q4 2021 was ¥35,380,397.65, indicating a recovery from negative cash flow in earlier quarters[21]. - As of the end of 2021, cash and cash equivalents amounted to ¥143,507,254, representing 14.52% of total assets, an increase from 14.42% at the beginning of the year[94]. - The total investment for the reporting period was ¥826,282,678.61, reflecting a 6.31% increase from ¥777,214,997.07 in the previous year[99]. - The net increase in cash and cash equivalents was ¥21,647,731.23, a turnaround from a decrease of -¥94,236,423.20 in the previous year, marking a 122.97% improvement[90]. Research and Development - R&D investment totaled ¥44,598,126.89, accounting for 17.47% of operating revenue, a decrease from 19.78% in the previous year[56]. - The company has 115 R&D personnel, representing 25.5% of total employees, with a stable core technical team[56]. - The company is focusing on the development of new products in the DC fast charging sector, emphasizing efficiency, safety, and convenience[54]. - The company has actively promoted the construction of the smart high-frequency switch power supply R&D center, enhancing its competitive research platform[69]. - The company has allocated 720 million for research and development in new technologies for the upcoming fiscal year[151]. Market and Industry Outlook - The market for smart high-frequency switch power supplies is expected to grow significantly due to increasing demand in various applications, including electric vehicles and renewable energy[30]. - The company anticipates continued growth in the electric vehicle charging infrastructure market, with a target of 4.8 million charging piles by 2025[32]. - The company aims to expand its overseas market presence through the development of charging systems that meet international standards[86]. - The company is exploring potential mergers and acquisitions to bolster its technological capabilities and market reach[152]. Operational Strategy - The company plans to improve profitability and has outlined future operational goals in the report[4]. - The company has established itself as a leading supplier in the power electronics industry, focusing on technological innovation and independent research and development for over 20 years[35]. - The company adheres to a direct sales model, allowing for better communication with customers and efficient order execution, which has led to stable relationships with existing clients and continuous growth in new customer acquisition[51]. - The company aims to enhance its supply chain efficiency, targeting a 10% reduction in operational costs by 2024[152]. Governance and Compliance - The company continues to enhance its internal governance and compliance operations to protect investor interests[65]. - The company adheres to legal and regulatory requirements for corporate governance, ensuring compliance with the guidelines set by the China Securities Regulatory Commission[133]. - The company has established a supervisory mechanism to monitor risks and ensure compliance with corporate governance[179]. - The company has retained the auditing firm for the 2021 fiscal year, ensuring adherence to independent auditing standards[178]. Employee and Talent Management - The total number of employees at the end of the reporting period was 451, including 411 from the parent company and 40 from major subsidiaries[180]. - The company plans to increase training for key employees and reserve cadres in 2022, enhancing the training system to improve employee competency[183]. - The company has implemented a performance evaluation system linking employee income to work performance, ensuring transparency in the hiring of senior management[137]. Profit Distribution and Shareholder Engagement - The company has implemented a stable profit distribution policy, emphasizing reasonable and stable returns to investors while considering long-term sustainable development[186]. - The cash dividend policy requires a minimum cash dividend of 20% of the distributable profit for the year, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profit[190]. - The company actively engages with minority shareholders to gather their opinions and ensure their rights are protected during the profit distribution process[191].