Company Overview - Suzhou Tianlu Technology Co., Ltd. reported no cash dividends, stock bonuses, or capital reserve transfers for the year 2021[7]. - The company’s stock code is 301045, and it is listed on the Shenzhen Stock Exchange[18]. - The company’s registered address is located at 2990 Taidong Road, Huangdai Town, Xiangcheng District, Suzhou, Jiangsu Province[18]. - The company’s official website is http://www.sz-talant.com[18]. - The company’s board secretary is Tong Xiaogang, and the contact number is 0512-66833339[19]. - The company’s annual report is available on the Shenzhen Stock Exchange website and other financial news platforms[20]. Financial Performance - The company's operating revenue for 2021 was ¥889,890,690.26, representing a 24.22% increase compared to ¥716,400,964.33 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥92,337,397.56, a decrease of 16.57% from ¥110,671,004.49 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥89,381,142.83, down 14.28% from ¥104,266,923.32 in 2020[21]. - The net cash flow from operating activities increased by 34.73% to ¥96,291,200.91 from ¥71,471,480.58 in 2020[21]. - The total assets at the end of 2021 reached ¥1,094,905,208.31, an increase of 81.87% from ¥602,039,161.14 at the end of 2020[21]. - The net assets attributable to shareholders increased by 121.52% to ¥828,212,068.02 from ¥373,871,770.68 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥1.0742, a decrease of 24.91% from ¥1.4305 in 2020[21]. - The weighted average return on equity was 17.08%, down 17.66% from 34.74% in 2020[21]. - The company reported a total of ¥2,956,254.73 in non-recurring gains for 2021, compared to ¥6,404,081.17 in 2020[26]. Market Position and Operations - The company operates in the electronic and communication equipment manufacturing industry, specifically in the display device manufacturing sector, which is experiencing strong demand growth[31]. - The company's gross profit margin for 2021 was 23.89%, down from 30.67% in the previous year, a decrease of 6.78 percentage points[36]. - The company’s market share for desktop monitor light guide plates increased from 18.53% in 2020 to 23.05% in 2021, an increase of 4.52 percentage points[38]. - The market share for notebook computer light guide plates rose from 12.50% in 2020 to 15.73% in 2021, an increase of 3.23 percentage points[38]. - The company has established a modern factory with a flexible production system to meet diverse customer orders efficiently[37]. - The company holds 4 invention patents and 90 utility model patents, establishing a technological advantage in the industry[40]. - The company has a strong R&D team with expertise in optics, materials science, mathematics, and automation, enhancing its innovation capabilities[40]. Research and Development - Research and development expenses amounted to 34,018,513.72 CNY, which is 3.82% of total revenue, reflecting a 31.88% increase from 2020[62][66]. - The company is developing several new products, including high-brightness light guide plates and low-energy consumption light guide films, aimed at enhancing market competitiveness[64][66]. - The company has completed the R&D of several projects, including TIR prism-type light guide plates, which are expected to improve energy efficiency and product brightness[64]. - The company plans to enhance its R&D capabilities by continuously introducing high-level technical talents and focusing on innovative technologies such as Mini LED[98]. Customer and Supplier Relations - The company has a stable customer base, with major clients including BOE, China Electronics, and Xiaomi Group, contributing to sustained business growth[43]. - The top five customers accounted for 72.64% of the total annual sales, with the largest customer contributing 28.90% of the total sales[58]. - The company’s top five suppliers accounted for 64.37% of total annual procurement, with the largest supplier contributing 32.52%[60]. Financial Management and Governance - The company has established independent financial accounting systems and does not share bank accounts with its controlling shareholders[111]. - The company emphasizes investor relations management, aiming to build a positive interaction with investors[109]. - The company has a comprehensive remuneration decision-making process for directors and senior management based on performance and contribution[124]. - The company’s board of directors actively monitored and ensured compliance with regulations and governance practices[131]. - The company has established a special account for raised funds and signed a regulatory agreement[128]. Social Responsibility and Compliance - The company actively engages in social responsibility initiatives, including donations to educational funds and participation in community service[154]. - The company maintains compliance with labor laws and has established a comprehensive performance evaluation system for employees[153]. - The company has obtained ISO 14001:2015 environmental management system certification[152]. Future Plans and Strategies - The company plans to enhance new product development and expand production lines to strengthen its market position[141]. - The company intends to expand its product applications into automotive, industrial control, and lighting sectors while continuing to serve existing markets such as monitors and televisions[95]. - The company aims to improve operational efficiency by refining management systems in R&D design, quality management, and financial management[96]. - The company is committed to optimizing its governance structure to ensure compliance with legal regulations and enhance decision-making processes[105].
天禄科技(301045) - 2021 Q4 - 年度财报