四会富仕(300852) - 2021 Q4 - 年度财报

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2021[15]. - The company's operating revenue for 2021 was ¥1,049,691,389.09, representing a 61.44% increase compared to ¥650,210,428.32 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥184,244,205.79, a 52.94% increase from ¥120,468,234.72 in 2020[19]. - The net profit after deducting non-recurring gains and losses was ¥172,100,084.42, up 53.09% from ¥112,420,558.64 in 2020[19]. - The net cash flow from operating activities for 2021 was ¥155,404,398.41, a 32.79% increase from ¥117,029,216.70 in 2020[19]. - The total assets at the end of 2021 were ¥1,376,881,940.60, an increase of 28.78% from ¥1,069,146,546.72 at the end of 2020[19]. - The net assets attributable to shareholders at the end of 2021 were ¥1,039,838,248.79, an 18.40% increase from ¥878,245,323.00 at the end of 2020[19]. - The company achieved a total revenue of ¥1,049,691,389.09 in 2021, representing a year-on-year growth of 61.44%[37]. - The main business revenue was ¥1,021,564,835.34, accounting for 97.32% of total revenue, with a year-on-year growth of 60.32%[49]. - The gross profit margin for the main business was 27.73%, a decrease of 4.27% compared to the previous year[52]. Market Expansion and Strategy - The company is focusing on expanding its market presence and enhancing its product offerings in the PCB sector[15]. - The company is exploring strategic acquisitions to enhance its competitive edge in the electronics market[15]. - The company aims to increase production capacity by 20% in the next fiscal year to meet growing customer demand[15]. - The company operates in the PCB manufacturing industry, which is experiencing significant growth driven by demand in sectors like 5G communications and automotive electronics[29]. - The global PCB market is expected to grow by 23.4% in 2021, reaching nearly $80 billion, fueled by recovery in downstream demand and product upgrades[30]. - The company has established a strategic cooperation agreement with Japan's CMK Group to expand into the high-value automotive PCB market[40]. - The company aims to strengthen its position in the high-quality PCB sector, focusing on industrial control and automotive electronics, and plans to enhance its strategic partnership with CMK to increase market share[93]. Research and Development - The company has invested in R&D for new technologies, particularly in high-density interconnect (HDI) boards, to meet increasing market demands[15]. - The company applied for 15 patents during the reporting period, including 12 invention patents, focusing on high-value specialty circuit boards[40]. - R&D expenses rose by 52.88% to CNY 47,034,489.68 in 2021, driven by increased investment in R&D projects[61]. - The number of R&D personnel increased by 29.05% to 191 in 2021, with a notable rise in the number of bachelor's degree holders by 60.87%[64]. - The company is advancing multiple R&D projects, including high-frequency substrates and new energy vehicle power boards, aimed at enhancing competitive advantages in their respective fields[62]. Governance and Management - The company has established a comprehensive governance framework to ensure transparency and accountability in its operations[15]. - The company maintains a performance evaluation and incentive mechanism linking employee compensation to company performance, enhancing employee motivation[108]. - The board of directors consists of 6 members, including 2 independent directors, and held 9 meetings, passing 36 resolutions[107]. - The company has established independent financial accounting and management systems, ensuring autonomous financial decision-making[111]. - The company has a diverse board with members holding various positions in other companies, indicating a broad network[127]. Environmental Responsibility - The company is committed to sustainable practices and has implemented measures to reduce its environmental impact[15]. - The company is classified as a key pollutant discharge unit by the environmental protection department[161]. - Total nickel emissions were reported at 0.02 kg/year, with a discharge concentration of 0.001 mg/L, meeting the required standards[161]. - The company has implemented advanced pollution control measures, achieving compliance with the latest environmental standards[164]. - The company has committed to environmental protection and energy conservation, aiming to enhance resource utilization efficiency and reduce pollution[173]. Shareholder Engagement and Dividend Policy - The company plans to distribute a cash dividend of 3.30 CNY per 10 shares (including tax) to all shareholders based on the total share capital as of the dividend record date[5]. - The cash dividend distribution plan for 2021 proposes a cash dividend of ¥3.30 per 10 shares, amounting to a total cash dividend of ¥33,637,150.80, which represents 100% of the distributable profits[153][152]. - The company has a clear and transparent cash dividend policy, with all decisions made in accordance with the company's articles of association[148]. - The company has not made any adjustments to its cash dividend policy during the reporting period[148]. Operational Challenges - The company is facing risks from macroeconomic fluctuations, which could impact demand in downstream industries such as industrial control and automotive electronics[96]. - The company is implementing measures to mitigate risks from raw material price fluctuations, which significantly affect production costs[96]. - The company has reported that the global pandemic has led to delays in orders and logistics, potentially impacting the overall performance of the electronic industry and PCB demand[99]. - The company faces risks associated with the capacity ramp-up, as fixed costs may increase due to asset depreciation if production does not reach expected levels quickly[99]. Employee Relations and Development - The company emphasizes talent development, providing internal and external training to enhance employees' professional skills and capabilities[146]. - The company has a strict salary policy, ensuring compliance with national labor laws and providing social insurance and housing funds for employees[144]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to 6.932 million yuan[128]. - The company has maintained a stable relationship with its accounting firm, Tianzhi International Accounting Firm, for three consecutive years, with an audit fee of RMB 600,000[198].