HAXC (SZ:300928)2022-04-14 16:00Financial Performance - The company's operating revenue for 2021 was ¥724,960,618.77, a decrease of 19.53% compared to ¥900,870,236.02 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥54,566,280.93, down 22.49% from ¥70,398,942.90 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥35,405,164.24, a decline of 47.66% from ¥67,639,195.52 in 2020[18]. - The net cash flow from operating activities was negative at -¥47,239,420.26, compared to ¥9,985,959.49 in 2020, marking a decrease of 573.06%[18]. - Basic earnings per share for 2021 were ¥0.68, down 41.88% from ¥1.17 in 2020[18]. - Total assets at the end of 2021 were ¥1,319,533,821.38, a decrease of 10.60% from ¥1,475,959,944.32 at the end of 2020[18]. - The company's total equity attributable to shareholders increased by 1.90% to ¥1,260,740,110.21 at the end of 2021, compared to ¥1,237,221,671.32 at the end of 2020[18]. - The company reported a quarterly revenue of ¥250,200,153.83 in Q2 2021, which was the highest among the four quarters[20]. - The company received government subsidies amounting to ¥14,570,507.36 in 2021, significantly higher than ¥3,560,660.74 in 2020[23]. - The company achieved operating revenue of CNY 724.96 million in 2021, a decrease of 19.53% compared to the previous year[58]. - The net profit attributable to shareholders was CNY 54.57 million, down 22.49% year-on-year[58]. - The automotive electronics sector accounted for 93.90% of total revenue, with a revenue of CNY 680.74 million, reflecting a decline of 22.02% from the previous year[66]. Dividend Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 80,000,000 shares[4]. - The company's cash dividend accounted for 100% of the total profit distribution amount[187]. - The total distributable profit for the year was RMB 71,778,858.54[187]. Risk Management - The report emphasizes the importance of risk awareness regarding forward-looking statements and potential risks faced by the company[4]. - The company has no outstanding issues regarding risk management as confirmed by the supervisory board[181]. - The company has effectively prevented operational management risks through the continuous improvement and optimization of its internal control system, aligning with the evolving external environment and internal management requirements[189]. - There were no significant internal control deficiencies identified during the reporting period[190]. - The company has not encountered any environmental protection issues or administrative penalties during the reporting period, maintaining compliance with environmental regulations[196]. Research and Development - The company is focused on the development of intelligent cockpit electronics, which integrate various advanced features for modern vehicles[10]. - The company is committed to innovation in display technologies, including OLED and Mini LED, to meet consumer demands[12]. - R&D investment totaled CNY 21.58 million, representing a year-on-year increase of 30.41%[61]. - The company has expanded its R&D centers in Shanghai and Beijing, and established a secondary talent base in Guilin to support ongoing innovation[61]. - The company has made progress in developing a next-generation AR-HUD system, focusing on multi-scenario fusion algorithms to enhance user experience[83]. - The company is currently developing a next-generation cockpit chip platform, achieving significant progress in addressing the "chip shortage" issue[83]. - The company plans to increase R&D investment in 2022, focusing on integrated design and multi-screen control development for cockpit electronics[125]. Market Position and Strategy - The company operates in the automotive cockpit electronics segment, closely tied to the development of China's automotive industry, particularly domestic brands[28]. - The automotive cockpit electronics industry is expected to maintain a continuous growth trend driven by policy support, technological advancements, and evolving consumer demands[31]. - The company aims to explore business opportunities in the new energy vehicle market, targeting screen product customization and production[126]. - The company intends to broaden and upgrade cooperation channels with downstream clients, striving to connect with major system integrators and automakers[129]. - The company is committed to maintaining a leading position in the automotive cockpit electronics sector by focusing on technological innovation and expanding product offerings[124]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting heads[3]. - All board members attended the meeting to review the annual report, ensuring comprehensive oversight[4]. - The board of directors has approved a budget for potential acquisitions, aiming to enhance technological capabilities and market reach[151]. - The company has established a robust internal audit system to enhance financial transparency and risk management[149]. - The board includes independent directors, ensuring compliance and governance standards are upheld[163]. - The company has a commitment to maintaining transparency and accountability in its operations, as evidenced by the detailed reporting of management changes[160]. Employee and Management Structure - The total number of employees at the end of the reporting period was 170, with 94 technical personnel and 31 sales personnel[182]. - The company has a clear and competitive salary structure, with annual adjustments based on performance evaluations[183]. - The company plans to enhance its training system in 2022, focusing on vocational skills and high-level talent development[184]. - The company has a diverse management team with backgrounds in finance, engineering, and business management, enhancing its operational capabilities[161][162][163]. - The current chairman and general manager, He Pan, has been with the company since its inception in 2013, bringing extensive industry experience[161]. Investment and Financial Management - The company has raised a total of RMB 761 million through its initial public offering, with a net amount of RMB 676 million after deducting issuance costs[107]. - The company has not reported any significant non-equity investments during the reporting period[100]. - The company has generated RMB 10,411,231.05 in interest and investment income from its raised funds[107]. - The total amount of committed investment projects is CNY 55,033.97 million, with a cumulative investment of CNY 7,877.84 million, representing 14.32% of the total[110]. - The company has not undergone any changes in fundraising project situations during the reporting period[116].