本川智能(300964) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥554,048,760.21, representing a 26.64% increase compared to ¥437,483,586.96 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥53,900,374.33, a decrease of 34.74% from ¥82,594,458.29 in 2020[19]. - The net profit after deducting non-recurring gains and losses was ¥45,312,057.24, down 32.70% from ¥67,324,476.03 in 2020[19]. - The net cash flow from operating activities was ¥20,505,959.06, a significant decline of 84.83% compared to ¥135,136,335.04 in 2020[19]. - The total assets at the end of 2021 reached ¥1,292,464,978.07, an increase of 130.99% from ¥559,544,243.11 at the end of 2020[19]. - The net assets attributable to shareholders increased by 162.76% to ¥992,238,517.20 from ¥377,617,013.22 at the end of 2020[19]. - The company's basic earnings per share for 2021 was ¥0.84, a decrease of 40.85% from ¥1.42 in 2020[19]. - The company's total revenue for 2021 was ¥554,048,760.21, representing a year-over-year increase of 26.64% compared to ¥437,483,586.96 in 2020[52]. - The main business revenue accounted for ¥532,418,306.92, which is 96.10% of total revenue, showing a 25.66% increase from ¥423,686,694.66 in the previous year[52]. - Domestic revenue was ¥269,749,236.49, making up 48.69% of total revenue, with a slight increase of 4.44% from the previous year[52]. - International revenue reached ¥262,669,070.43, which is 47.41% of total revenue, reflecting a significant increase of 58.80% from ¥165,413,549.44 in 2020[52]. Market Overview - The global PCB market size in 2021 was approximately $80.4 billion, with a year-on-year growth of about 23.4%[29]. - The PCB market size in mainland China for 2021 was approximately $43.6 billion, growing by about 24.6% year-on-year, surpassing the global average growth rate[29]. - The global PCB market size is expected to reach approximately $84 billion in 2022, with a year-on-year growth of about 5%[30]. - The average compound annual growth rate (CAGR) for the global PCB market from 2021 to 2026 is projected to be around 4.8%, reaching approximately $101.5 billion by 2026[30]. Risk Management - The report emphasizes the importance of risk awareness for investors regarding future plans and performance forecasts[4]. - The company has a comprehensive risk management strategy outlined in the section discussing future development prospects[4]. - The company recognizes risks from macroeconomic fluctuations that could impact demand in the PCB industry, emphasizing the need for strategic responses[99]. - The company faces risks from fluctuations in raw material prices, which significantly impact operating costs, and is implementing measures to optimize order structures and improve production efficiency[102]. - Environmental regulations are becoming stricter, increasing the company's operational costs, and the company is committed to green manufacturing and improving resource utilization[103]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and enhancing operational transparency[110]. - The company held 8 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[111]. - The company established a performance evaluation standard linking compensation to company performance and individual performance, enhancing motivation among senior management and core employees[112]. - The company maintained complete independence in assets, personnel, finance, organization, and business from its controlling shareholders and actual controllers, ensuring no interference in operations[115]. - The company has an independent financial department with a complete and standardized accounting system, complying with relevant accounting laws[116]. Research and Development - The company has ongoing R&D projects aimed at enhancing technology in the 5G sector, which are expected to improve profitability[62]. - The company is focused on flexible production management, enabling small-batch, multi-variety, and short delivery time production, enhancing customer experience and long-term cooperation[43]. - The company has developed core technologies for producing high-frequency, high-speed, and multi-layer PCBs, establishing a competitive advantage in the industry[44]. - Future R&D will target high-frequency, high-density products, with plans to develop several new products and improve existing processes over the next three years[95]. Environmental Responsibility - Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. reported a total wastewater discharge of 39.682 tons/year, with an average concentration of 24.7 mg/L for treated wastewater[170]. - The company achieved a chemical oxygen demand (COD) discharge of 2.771 tons, complying with the national wastewater discharge standards[170]. - The total nitrogen discharge was recorded at 1.264 tons/year, with an average concentration of 10.73 mg/L, meeting the required environmental standards[171]. - The company has implemented a series of environmental protection initiatives to continuously improve its operational sustainability[172]. - The company emphasizes clean production and energy conservation as part of its environmental strategy[172]. Shareholder Relations - The company plans to distribute a cash dividend of 3.00 CNY per 10 shares to all shareholders, based on a total of 77,298,284 shares[4]. - The total distributable profit for 2021 was CNY 108,245,258.40, with no annual profit distribution implemented during the year[160]. - The company has a profit distribution policy that prioritizes cash dividends, aiming for a minimum of 30% of the average distributable profit over three years to be distributed in cash[153]. - The company will ensure that cash distribution occurs only if the distributable profit is positive and meets specific conditions[193]. - The company will communicate with shareholders, especially minority shareholders, to gather feedback before finalizing profit distribution proposals[194].