TARRY(SZ:300976)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,214,166,195.62, representing a 26.54% increase compared to ¥959,479,778.19 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥222,205,355.15, a 3.88% increase from ¥213,901,736.28 in 2020[18]. - The net cash flow from operating activities increased by 60.21% to ¥218,872,224.69 in 2021, up from ¥136,612,663.11 in 2020[18]. - The total assets at the end of 2021 reached ¥3,334,763,657.44, a significant increase of 202.53% from ¥1,102,304,097.82 at the end of 2020[18]. - The company reported a basic earnings per share of ¥3.23 for 2021, down 40.84% from ¥5.46 in 2020[18]. - The weighted average return on equity for 2021 was 9.65%, a decrease of 18.80% from 28.45% in 2020[18]. - The company achieved a net cash flow from operating activities of CNY 218,872,224.69, representing a 60.21% increase compared to the previous year[69]. - The company reported a significant increase in financial income, with financial expenses decreasing by 451.05% to -29,986,815.44 CNY due to improved fund management[64]. Market Expansion and Development - The company plans to expand its market presence and enhance product development, although specific figures and timelines were not detailed in the provided content[5]. - The company focused on expanding its market in 3C electronics, smart headphones, virtual/augmented reality, smart wearables, and smart home sectors, with new product mass production driving revenue growth[37]. - The company is developing several new products, including a PSA auxiliary material appearance inspection device and a fully automated assembly device for earphone covers, aimed at increasing market share and revenue[65]. - The company is focusing on expanding its market presence through new product development and technological advancements[87]. - The company is actively exploring potential mergers and acquisitions to further strengthen its market position[87]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence[141]. Research and Development - The company aims to enhance its R&D capabilities and strengthen cost control to seize development opportunities in a challenging market environment[29]. - Research and development expenses increased by 56.52% year-on-year to 90,251,415.30 CNY, reflecting the company's commitment to enhancing R&D investment and expanding personnel[64]. - The number of R&D personnel increased by 23.12% to 245, with a notable rise in the proportion of personnel holding bachelor's degrees to 81[67]. - The company has completed several R&D projects aimed at enhancing product performance and production efficiency, which are expected to boost competitiveness and revenue[65]. - The company plans to increase R&D investment to develop differentiated products and services, particularly in new fields like renewable energy and smart wearables[99]. Corporate Governance - The company has a robust governance structure, with clear responsibilities among the board, supervisory board, and management[113]. - The company maintains independent operations in business, personnel, assets, institutions, and finance, ensuring no interference from the controlling shareholder[120]. - The company has established a complete independent financial accounting system, with no shared bank accounts with shareholders or related parties[123]. - The company has implemented a scientific and fair performance evaluation system for employees to enhance management performance[118]. - The company has a complete control and ownership of its assets, ensuring independence from the controlling shareholder[121]. Shareholder Engagement and Returns - The company reported a cash dividend of 12.00 RMB per 10 shares (including tax) for all shareholders, with no bonus shares issued[5]. - The cash dividend accounted for 100% of the distributable profit of RMB 575,499,010.75 for the reporting period[157]. - Shareholder returns are expected to increase, with a proposed dividend of $0.50 per share for the upcoming quarter[140]. - The company distributed cash dividends of RMB 10 per 10 shares and issued 8 additional shares for every 10 shares held, effective June 2, 2021[169]. Environmental and Social Responsibility - The company has implemented a comprehensive environmental management system, achieving certifications such as ISO14001 and ISO45001[173]. - The company actively participated in social responsibility initiatives, including a donation of RMB 1 million for scholarships and support for local community services[174]. - The company emphasizes employee rights protection, adhering to labor laws and ensuring a safe working environment[170]. - The company has committed to sustainable development by reducing energy consumption and pollution emissions[173]. Financial Management and Compliance - The company has established a comprehensive internal control system that effectively covers major aspects of its operations, ensuring risk management and sustainable development[161]. - There were no significant internal control deficiencies identified during the reporting period, indicating effective internal governance[162]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[168]. - The company has not reported any major environmental issues or administrative penalties during the reporting period[168]. Operational Efficiency - The company has implemented lean management practices to enhance cost control and improve product competitiveness[41]. - The company is addressing intensified market competition by enhancing product quality, production efficiency, and developing new products[108]. - The company has established a competitive compensation policy, ensuring employee welfare through various benefits and support measures[152]. Risk Management - The company faces risks from macroeconomic downturns, including the impact of the ongoing global pandemic and geopolitical tensions[103]. - The company is monitoring raw material price fluctuations, which have been rising due to supply constraints and high demand since 2021[107]. - The company has established a multi-level risk prevention mechanism to address environmental risks associated with production processes[173].