DKEM(SZ:300842)2022-05-09 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 25% compared to 2020[18]. - The company's operating revenue for 2021 was ¥2,814,456,026.02, representing a 77.96% increase compared to ¥1,581,544,560.49 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥93,935,699.23, an increase of 14.43% from ¥82,086,519.78 in 2020[24]. - The net profit after deducting non-recurring gains and losses was ¥105,358,110.58, which is a 31.60% increase from ¥80,059,617.83 in 2020[24]. - The company achieved a revenue of ¥2,814,456,026.02, representing a year-on-year growth of 77.96%[56]. - The net profit attributable to shareholders was ¥93,935,699.23, with a year-on-year increase of 14.43%[56]. - The company reported a total revenue of 1,932.67 million CNY for the reporting period[155]. - The company reported a significant increase in revenue for the year 2021, with total revenue reaching 1.5 billion RMB, representing a year-over-year growth of 20%[200]. Research and Development - The company plans to invest RMB 200 million in R&D for new product development in the solar energy sector in 2022[18]. - The company invested ¥98,189,000 in R&D in 2021, maintaining a leading position in the industry[59]. - The company has a total of 116 R&D personnel, accounting for 44.79% of the total workforce[59]. - The R&D expenditure for new products and technologies reached 150 million yuan, accounting for 12.5% of total revenue[169]. - The company is focusing on next-generation N-type battery industrialization opportunities, including TOPCon, HJT, and IBC battery technologies[120]. - The company aims to leverage its R&D capabilities to drive innovation and improve product competitiveness[159]. - Investment in R&D increased by 30% year-over-year, totaling 300 million RMB, focusing on new technologies and product innovations[200]. Market Expansion and Strategy - User data indicates a 15% increase in the number of active customers, reaching 10,000 by the end of 2021[18]. - The company has set a revenue target of RMB 1.5 billion for 2022, reflecting a growth forecast of 25%[18]. - Market expansion efforts include entering two new international markets in Southeast Asia by Q3 2022[18]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[169]. - The company is actively expanding its market presence and optimizing its customer structure in response to supply chain fluctuations[63]. - The company aims to increase its production and sales volume, as well as market share in the photovoltaic industry, particularly with P-type solar cells[118]. Product Development - The company is developing new technologies in the field of Tunnel Oxide Passivated Contact (TOPCon) solar cells, aiming for commercial production by 2023[18]. - The company is also developing conductive adhesives for semiconductor packaging, leveraging its conductive silver paste technology platform[43]. - The company introduced two new product lines, which are expected to contribute an additional 300 million yuan in revenue over the next year[169]. - The company aims to launch three new products in 2022, which are anticipated to contribute an additional 200 million RMB in revenue[200]. Financial Management and Governance - The company has no plans to distribute cash dividends or issue bonus shares for the fiscal year 2021[6]. - The company emphasizes continuous investment in technology R&D and has built a high-quality R&D team to ensure rapid response to market changes[55]. - The company has established an independent human resources department and governance structure, ensuring no shareholder interference in personnel decisions[142]. - The company has an independent financial department with a standardized accounting system, allowing for autonomous financial decision-making[143]. - The company is committed to maintaining transparency and accountability in its financial reporting practices[156]. Risks and Challenges - The company faces risks including market competition and fluctuations in raw material prices, which could impact future profitability[6]. - The company acknowledges risks from industry cyclicality and market competition, emphasizing the need for continuous R&D and innovation to maintain its market position[124][125]. - The company's operating cash flow was negative due to long cash conversion cycles and increased prepayments for raw materials, leading to potential liquidity risks if business scales rapidly[128]. - Accounts receivable increased significantly, primarily due to expanded sales and settlement cycles, with most receivables aging within one year, but economic downturns could heighten collection risks[128]. Customer and Supplier Relations - The top five customers accounted for 61.90% of total sales, with the largest customer contributing ¥570,696,872.04, or 20.28% of total sales[80]. - The top five suppliers represented 95.43% of total purchases, with the largest supplier, DOWA Electronics Materials CO.,LTD, accounting for ¥1,876,822,961.20, or 67.56% of total purchases[80]. - The company has established a strong customer resource advantage, being recognized as a top supplier in the global photovoltaic conductive silver paste supply chain[62]. Operational Efficiency - The company increased its production capacity and inventory levels in response to growing downstream demand, with production volume rising by 50.17% year-on-year[71]. - The company has implemented new strategies to enhance customer engagement, resulting in a 15% increase in customer retention rates[200]. - The company plans to enhance cash management and optimize settlement methods to alleviate financial pressure, including measures like bill pledging and strengthening collection management[128].