四会富仕(300852) - 2021 Q4 - 年度财报

Financial Performance - The company reported a significant increase in revenue, with total revenue reaching 1.5 billion CNY, representing a year-on-year growth of 25%[13]. - The company reported a net profit of 300 million CNY for the year, reflecting a profit margin of 20%[13]. - 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[5]. - The net profit attributable to shareholders for 2021 was ¥184,244,205.79, a 52.94% increase from ¥120,468,234.72 in 2020[5]. - 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[5]. - The net cash flow from operating activities was ¥155,404,398.41, a 32.79% increase from ¥117,029,216.70 in 2020[5]. - 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[5]. - 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[5]. - The basic earnings per share for 2021 were ¥1.81, a 31.16% increase from ¥1.38 in 2020[5]. - The company achieved a total revenue of ¥1,049,691,389.09 in 2021, representing a year-on-year increase of 61.44% compared to ¥650,210,428.32 in 2020[46]. - The net profit attributable to the parent company was 184 million yuan, an increase of 52.94% compared to the previous year[35]. Dividend Distribution - 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[4]. - The company distributed a cash dividend of ¥4.00 per 10 shares, totaling ¥22,651,280, and increased its total share capital from 56,628,200 to 101,930,760 shares[147]. - The company plans to distribute a cash dividend of ¥3.30 per 10 shares for the fiscal year 2021, with no stock bonus or capital reserve conversion[153]. - The total cash dividend distributed, including other methods, was ¥33,637,150.80, representing 100% of the distributable profit[149]. Market Expansion and Strategy - The company is focusing on expanding its market presence, particularly in the high-density interconnect (HDI) PCB segment, which is expected to grow by 30% in the next fiscal year[11]. - The company aims to achieve a market share of 10% in the HDI PCB market by the end of the next fiscal year[11]. - The company is exploring potential acquisitions to strengthen its supply chain and expand its product offerings in the electronics sector[11]. - The company has established a strategic partnership with a leading technology firm to enhance its capabilities in advanced PCB manufacturing[11]. - The company is actively developing new products for 5G communication and electric vehicles, enhancing its product offerings in high-value specialty PCBs[41]. - The company is focusing on high-quality PCB products, with applications in industries such as industrial control and automotive electronics, which have stringent reliability requirements[39]. - The company has established a strategic cooperation agreement with Japan's CMK Group to enhance its presence in the automotive PCB market[36]. Research and Development - The company has invested 200 million CNY in R&D for new product development, aiming to launch at least three new product lines in the upcoming year[11]. - The company applied for 15 patents during the reporting period, including 12 invention patents and 3 utility model patents[37]. - Research and development expenses increased by 52.88% to CNY 47,034,489.68 in 2021, driven by higher investment in R&D projects[58]. - The company is advancing multiple R&D projects, including high-density interconnect (HDI) substrates and thick copper substrates for electric vehicles, aimed at enhancing competitive advantages[59]. - The number of R&D personnel increased by 29.05% to 191, with a notable rise in bachelor's degree holders by 60.87% to 74[62]. Operational Efficiency - The company expanded its production capacity for bottleneck processes and reduced outsourcing as new projects came online, contributing to operational efficiency[53]. - The company achieved a 35.18% reduction in financial expenses due to decreased loan interest and currency fluctuations[58]. - The company is focused on improving operational efficiency and reducing operational costs by implementing a quality management approach and adopting the "Amoeba" management model to align departmental performance with corporate strategy[189]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating a significant environmental responsibility[161]. - The total discharge of nickel was reported at 0.02 kg/year, which is below the regulatory limit of 0.20 kg/year, indicating compliance with environmental standards[161]. - The ammonia nitrogen discharge was recorded at 25.42 kg/year, significantly below the regulatory limit of 405.00 kg/year, demonstrating effective waste management practices[161]. - The company has established a comprehensive wastewater treatment system to manage its environmental impact[161]. - The company has invested in pollution prevention facilities, focusing on wastewater, waste gas, solid waste, and noise control measures[166]. - The company has achieved 100% compliance with pollution discharge standards during the reporting period[167]. Corporate Governance - The company maintained strict compliance with corporate governance regulations, ensuring the protection of minority shareholders' rights[108]. - The company operates independently from its controlling shareholder in terms of personnel, assets, business, management structure, and financial accounting[108]. - The company has established a robust investor relations framework, engaging with various institutional investors throughout the year[103]. - The company has a structured governance framework to ensure shareholder rights and implement a profit distribution policy[176]. - The company has committed to avoiding related party transactions that could harm the interests of the company and its shareholders[194]. Risk Management - The company has identified potential risks in the supply chain due to global semiconductor shortages and is implementing measures to mitigate these risks[4]. - The company faces risks from macroeconomic fluctuations, which could impact demand in downstream industries such as industrial control and automotive electronics[97]. - The company is exposed to raw material price volatility, with significant cost implications from materials like copper and oil, and is implementing measures to mitigate these risks[97]. - The company has established a pandemic response team to minimize the impact of COVID-19 on operations, ensuring production continuity[100]. Employee Management - The total number of employees at the end of the reporting period is 1,371, with 1,009 in production, 50 in sales, 266 in technology, 9 in finance, and 37 in administration[143]. - The company has maintained a stable management team with key personnel having long tenures, which may contribute to operational consistency[126]. - The company emphasizes talent development through internal and external training to enhance employee capabilities and support future expansion[146]. Shareholder Engagement - The company achieved a 100% response rate to investor inquiries, answering a total of 190 questions through its investor interaction platform during the reporting period[111]. - The company held three shareholder meetings during the reporting period, passing a total of 13 resolutions[108]. - The company’s annual shareholder meeting had a participation rate of 69.33% on April 20, 2021[116]. Future Outlook - The company anticipates a steady growth trajectory in the upcoming fiscal year, driven by increased demand for its electronic products and services[164]. - The company is focused on future growth prospects and has outlined performance guidance for the upcoming periods[104].