PERI(SZ:300831)2022-04-07 16:00Financial Performance - The company's operating revenue for 2021 was ¥178,183,021.40, representing a 46.61% increase compared to ¥121,534,652.54 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥53,377,985.99, an increase of 82.66% from ¥29,222,839.64 in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥48,972,865.22, which is a 189.19% increase from ¥16,934,597.16 in 2020[20]. - The company's total revenue for 2021 was ¥178,183,021.40, representing a 46.61% increase compared to ¥121,534,652.54 in 2020[51]. - The gross profit margin for the power electronics industry was 44.96%, a decrease of 8.28% compared to the previous year[53]. - The company reported a significant increase in operating revenue compared to the previous year, driven by effective management strategies to mitigate the impact of the pandemic[93]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[164]. - The company achieved a net profit of 21.17 million RMB, indicating a strong performance in profitability[123]. Research and Development - The R&D team consists of approximately 165 members, accounting for 42.86% of the total workforce, ensuring a strong focus on new technology and product development[42]. - The company has developed proprietary technologies such as high-voltage thyristor full-pressure connection technology and high-voltage low-temperature welding technology, enhancing its competitive edge in the market[41]. - The company reported a significant increase in R&D expenses, totaling ¥10,222,694.61 in 2021, which is a 106.26% increase from ¥4,956,190.21 in 2020, accounting for 5.74% of operating revenue[62][65]. - The company is investing 10 million RMB in R&D for new semiconductor technologies, aiming to enhance product offerings[121]. - The company plans to invest 100 million RMB in new technology development over the next two years[170]. Market and Product Development - The company aims to play a crucial role in the ultra-high voltage direct current transmission sector, which is expected to peak during the 14th Five-Year Plan[31]. - The company continues to expand its product lineup, including high-power chemical power supply equipment and testing devices, to meet the growing demands of various industrial sectors[39]. - The company has established partnerships with three major industry players to enhance distribution channels and market reach[121]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on enhancing product features and user experience[113]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[113]. Financial Management and Governance - The company has a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management[4]. - The company emphasizes compliance with regulations and effective training to ensure lawful operations post-listing[91]. - The company maintained an independent financial department with a complete accounting system, ensuring financial autonomy[102]. - The company has established measures to avoid competition with related parties, ensuring no direct or indirect engagement in competing businesses[183]. - The company will prioritize cash dividends over stock dividends in its profit distribution strategy[182]. Shareholder Engagement and Profit Distribution - The company reported a profit distribution plan of 0.30 CNY per 10 shares (including tax) based on a total of 320,000,000 shares[5]. - The cash dividend represents 100% of the total profit distribution amount, with a total distributable profit of RMB 258,883,115.57[141]. - The company guarantees that the annual cash dividend amount will not be less than 20% of the realized distributable profit for the year[178]. - The company will consider cash dividends as the primary method of profit distribution, with a minimum cash dividend ratio of 80% during mature stages without significant capital expenditure[181]. - The company has committed to protecting investors' interests in case of any failure to fulfill commitments[194]. Operational Challenges and Future Outlook - The company is facing challenges from international market pressures affecting semiconductor raw materials and technology[93]. - The company plans to enhance innovation investment and improve labor efficiency in response to national policies during the "14th Five-Year Plan" period[90]. - Future guidance includes a focus on sustainable practices, with a goal to reduce carbon emissions by 30% by 2025[189]. - The company plans to enhance its supply chain efficiency, aiming for a 15% reduction in operational costs by the end of 2022[113]. - The company provided a forward guidance of 1.5 billion RMB in revenue for the next fiscal year, indicating a growth target of 25%[113].