Financial Performance - The company achieved operating revenue of CNY 564,753,877.46 in 2021, representing a year-on-year increase of 24.50%[30]. - The net profit attributable to shareholders was CNY 78,565,707.59, up 22.16% compared to the previous year[30]. - The net profit after deducting non-recurring gains and losses was CNY 73,837,494.76, reflecting a growth of 7.79% year-on-year[30]. - The total assets at the end of 2021 amounted to CNY 663,831,378.21, an increase of 19.98% from the previous year[30]. - The company's basic earnings per share increased by 22.36% to CNY 1.4426[30]. - The weighted average return on equity was 19.24%, up from 18.60% in 2020[30]. - The company reported a net cash flow from operating activities of CNY 52,158,986.04, a decrease of 2.68% from the previous year[30]. - The company’s gross profit margin for new electronic components and equipment manufacturing was 27.09%, reflecting a decrease of 4.05% from the previous year[49]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares to all shareholders, based on a total of 72,586,668 shares[4]. - A cash dividend of RMB 3.00 per 10 shares (including tax) is proposed, amounting to a total cash dividend of RMB 21,776,000.40, which represents 100% of the profit distribution[117]. - The company is in a growth phase and has significant capital expenditure plans, with a minimum cash dividend ratio of 20% for profit distribution[118]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in its future development outlook[4]. - The company faces risks from the ongoing COVID-19 pandemic and international trade environment, which could impact its ability to expand new business and revenue growth in key markets[79]. - The company acknowledges the risk of product technology being replaced, particularly with the rise of OLED and other new display technologies, which could affect its market position[80]. - Rising raw material prices since Q3 2020 pose a risk to the company's gross margin if cost increases cannot be passed on to customers[81]. - The company has a significant reliance on overseas sales, with potential risks from adverse political and economic changes in key markets such as Japan, Europe, and Southeast Asia[82]. Innovation and R&D - The company has obtained 19 invention patents and 42 utility model patents, highlighting its commitment to innovation and technology development in the LCD display field[39]. - Research and development expenses increased by 25.03% to ¥25,469,805.81 compared to the previous year[58]. - The number of R&D personnel increased by 52.58% to 148, with R&D staff now comprising 9.51% of the total workforce[61]. - R&D investment as a percentage of operating income was 4.51%, slightly up from 4.49% in the previous year[62]. - The company is actively pursuing technological innovation and product development to enhance performance, quality, and reliability in response to market demands[39]. Market Position and Strategy - The company is positioned in the "new generation information technology industry," focusing on customized LCD display products[30]. - The company has a strong competitive advantage in the liquid crystal display (LCD) sector, with a significant market share in the electric meter LCD display segment[35]. - The company has established long-term partnerships with major Japanese rice cooker manufacturers, capturing nearly 70% of the market share for Casio calculators in the consumer electronics sector[36]. - The company is expanding its product applications into the medical health sector, supplying LCD displays for devices like blood glucose meters and blood pressure monitors[36]. - The company plans to further invest in the automotive display sector and other specialized display fields to enhance its market presence[43]. Corporate Governance - The company has established an independent financial accounting department and a complete financial management system, ensuring no shared bank accounts with controlling shareholders[89]. - The company operates independently with a complete procurement, R&D, sales, and service system, without reliance on related parties[90]. - The company’s business development plans and goals are determined by the shareholders' meeting and board of directors, ensuring independence from controlling shareholders[91]. - The company has a complete and independent organizational structure, with all department heads appointed according to internal regulations[90]. - The company has established internal control systems to ensure compliance with accounting standards and regulations[89]. Employee and Talent Management - The total number of employees at the end of the reporting period was 1,556, with 1,326 in production, 42 in sales, 148 in technical roles, 11 in finance, and 29 in administration[114]. - The company has established a training management system to enhance employee skills and overall capabilities[116]. - The company emphasizes talent development as a key factor for sustainable growth, planning to improve training systems and establish a dual career path for management and technical roles[78]. Environmental and Social Responsibility - The company actively promotes green development and low-carbon energy-saving initiatives, aligning with national environmental protection goals[128]. - The company has established a complete and effective management system for energy management and energy efficiency assessment[128]. - The company emphasizes environmental protection and has implemented a green development strategy focusing on energy efficiency and waste reduction[131]. - The company adheres to labor laws and provides comprehensive social security benefits for employees, including medical and pension insurance[131]. Shareholding Structure and Changes - The company has not experienced any changes in its controlling shareholder during the reporting period[186]. - The actual controller of the company is a natural person, Mr. Ying Faxiang, who has held various managerial positions since 1993 and is currently the chairman and general manager[187]. - The company has maintained a stable ownership structure with no pledges of shares exceeding 80% of the total shares held by the controlling shareholder[189]. - Domestic natural persons hold 31,298,200 shares, accounting for 57.49% of the total shares[180]. - The largest shareholder, Jiangsu Junchen Investment Management Partnership, holds 20,441,794 shares, which is 37.55% of the total[184].
骏成科技(301106) - 2021 Q4 - 年度财报