ZYST(SZ:300936)2022-04-18 16:00Financial Performance - The company achieved a total revenue of ¥217.61 million in 2021, representing a year-on-year growth of 3.41%[64]. - The net profit attributable to shareholders decreased by 10.47% to ¥51.73 million, while the net profit excluding non-recurring items fell by 12.97% to ¥44.62 million[64]. - The revenue from high-frequency copper-clad laminates was ¥201.84 million, accounting for 92.75% of total revenue, but saw a decline of 2.11% compared to the previous year[66]. - The company's operating revenue for 2021 was ¥217,614,424.47, representing a 3.41% increase compared to ¥210,439,047.66 in 2020[19]. - The total assets at the end of 2021 reached ¥945,159,722.75, marking a 112.50% increase from ¥444,786,476.00 at the end of 2020[19]. - The net assets attributable to shareholders increased by 146.01% to ¥885,107,116.40 at the end of 2021, up from ¥359,788,767.25 at the end of 2020[19]. - The company reported a basic earnings per share of ¥0.7025, down 31.42% from ¥1.0244 in 2020[19]. - The company reported a total profit of 2.125 tons per year for VOC emissions, with a concentration of 7.85 mg/m³, complying with the national air pollution discharge standards[178]. Dividend Distribution - The company plans to distribute a cash dividend of 4.00 CNY per 10 shares to all shareholders, based on a total of 75,200,000 shares[4]. - The cash dividend amount represents 100% of the total profit distribution for the period[167]. - The total distributable profit for the company as of December 31, 2021, is 195,519,065.46 CNY[169]. Research and Development - The company holds 23 patent authorizations, including 21 invention patents and 2 utility model patents, with several more pending[55]. - The company is committed to continuous technological innovation to meet the evolving demands of the 5G communication sector[112]. - The company is focusing on product structure, technology upgrades, and quality improvements to enhance market competitiveness amid changing market demands[123]. - The company is investing 50 million in R&D for new product development, focusing on innovative technologies[159]. - R&D expenditure amounted to ¥10,033,310.16 in 2021, accounting for 4.61% of operating revenue, up from 4.33% in 2020[80]. Market and Industry Trends - The global electronic materials industry has shown stable growth since 2021, driven by the development of 5G communication, automotive electronics, and the Internet of Things, leading to increased demand for upstream copper-clad laminates[31]. - The demand for high-frequency copper-clad laminates is expected to steadily increase due to the development of 5G communication and the rise of new energy vehicles[104]. - The rapid development of new energy vehicles is driving demand for automotive electronics, creating strategic advantages and opportunities for growth in the industry[37]. - The company is focusing on expanding its market presence in high-frequency communication materials to reduce reliance on individual product markets[108]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, ensuring a reasonable professional structure[130]. - The company has established a performance evaluation system linking senior management's performance to their compensation[131]. - The company maintains transparent information disclosure practices, ensuring timely and accurate communication with investors[131]. - The company has a complete internal control system with clear responsibilities among the board of directors, supervisory board, and management[171]. Environmental Compliance - The company has implemented measures to ensure compliance with environmental standards, with no instances of exceeding discharge limits reported[178]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[178]. - The company has established a comprehensive environmental management system, including regular monitoring and reporting, to ensure data accuracy and compliance with environmental laws[184]. - The company plans to enhance its wastewater treatment capabilities to further reduce pollutant levels and improve compliance with environmental regulations[182]. Employee and Stakeholder Relations - The company emphasizes employee rights protection, maintaining competitive salary and welfare systems to enhance employee satisfaction and retention[189]. - The company has maintained a stable workforce with no reported layoffs or resignations among key personnel during the reporting period[140]. - The company actively participates in community service and social responsibility initiatives, contributing to local economic development and employment opportunities[194]. Strategic Initiatives - The company aims to strengthen its core technology advantages and expand product varieties, focusing on high-frequency communication materials[105]. - The company is considering strategic acquisitions to enhance its product offerings and market reach, with a budget of 100 million[160]. - The company plans to gradually invest unused raised funds into committed investment projects[99]. - The company aims to achieve a reduction in total nitrogen discharge by 20% over the next fiscal year through process optimization[182].