Public Offering and Share Capital - The company completed a public offering of 16.33 million shares at a price of 21.88 CNY per share, increasing the total share capital to 70.13 million shares[4]. - The company received approval from the China Securities Regulatory Commission for the public offering on September 24, 2021[4]. - The company transitioned from the selected layer to being listed on the Beijing Stock Exchange on November 15, 2021[4]. - The company issued a total of 16,330,000 new shares, increasing the total share capital from 53,800,000 to 70,130,000 shares[192]. - The number of unrestricted shares increased from 4,279,625 to 17,557,000, representing 25.03% of total shares[191]. - The company has fully exercised the over-allotment option, issuing an additional 2,130,000 shares[192]. - The company committed to a profit distribution policy in accordance with its articles of association and relevant laws after the public offering[179]. - The company has not experienced any changes in its controlling shareholder during the reporting period[199]. - The company’s actual controllers are Ms. Zhou Tong and her spouse, Mr. Li Tong, who serves as the chairman[200]. Financial Performance - The company's operating revenue for 2021 was CNY 285,830,001.62, a decrease of 1.53% compared to CNY 290,284,490.10 in 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 90,731,836.59, down 1.15% from CNY 91,790,201.02 in 2020[31]. - The total assets increased by 103.45% to CNY 812,482,037.65 in 2021 from CNY 399,342,861.04 in 2020[33]. - The total liabilities decreased by 21.85% to CNY 32,613,141.12 in 2021 from CNY 41,733,609.67 in 2020[33]. - The net cash flow from operating activities surged by 936.97% to CNY 109,360,834.78 in 2021 from CNY 10,546,234.58 in 2020[35]. - The weighted average return on equity based on net profit attributable to shareholders was 21.60% in 2021, down from 31.51% in 2020[31]. - The basic earnings per share for 2021 was CNY 1.62, a decrease of 5.53% from CNY 1.71 in 2020[31]. - The gross profit margin for 2021 was 52.21%, slightly down from 52.24% in 2020[31]. - The current ratio improved significantly to 29.14 in 2021 from 9.81 in 2020[33]. - The company's net profit for 2021 was CNY 96,216,200, reflecting a year-on-year increase of 4.30%[52]. - The company's total assets at the end of the reporting period were CNY 812,482,000, representing a year-on-year growth of 103.45%[52]. - The net assets increased to CNY 779,868,900, a year-on-year increase of 118.08%[52]. - The company’s OHM brand products achieved an annual revenue of CNY 44,360,700, with a year-on-year growth of 16.28%[52]. - The overall gross profit margin for the company was 52.19%, reflecting a slight decrease of 0.05 percentage points year-on-year[71]. - The company reported a significant increase in fundraising activities, with net cash flow from financing activities rising by 1,082.44% to ¥321,623,007.27[78]. Business Risks and Dependencies - The company has a significant reliance on HBC for its business model, which poses risks related to supplier dependency[12]. - The company faces risks from currency fluctuations, particularly with the Euro, which could negatively impact future operating performance[13]. - The company anticipates that the economic benefits of its fundraising projects may take time to materialize, potentially affecting net profit growth[13]. - The company operates in a cyclical industry, with demand for industrial wireless remote control equipment closely tied to the engineering machinery sector[14]. - The company has been a partner of HBC for nearly 20 years, indicating a stable but potentially vulnerable business relationship[12]. - The company faces foreign exchange risk due to purchasing industrial wireless remote control devices in euros while generating revenue in RMB, which could negatively impact future operating performance[116]. Governance and Compliance - The company has established governance measures to mitigate risks associated with the actual controller's influence over decision-making[12]. - The company has implemented management systems to avoid conflicts of interest in major decision-making processes[12]. - The company has established a governance structure to mitigate risks associated with the actual controller's influence, ensuring compliance with decision-making processes[110]. - The company has established a framework for managing related party transactions to prevent conflicts of interest and ensure compliance with regulations[132]. - The company has committed to standardize and reduce related party transactions, which is currently being fulfilled[138]. - The company has undertaken to ensure the accuracy and integrity of its financial reporting and disclosures[134]. Research and Development - R&D expenditure increased to CNY 12,084,156.70, representing 4.23% of operating revenue, up from 3.82% in the previous period[91]. - The total number of patents owned by the company rose to 86 from 67 in the previous period[93]. - The number of R&D personnel increased from 44 to 54, with a higher proportion of employees engaged in R&D activities[92]. - The company is actively pursuing research and development in industrial automation and warehouse management systems to diversify its business offerings[118]. Market Strategy and Expansion - The company continues to implement a dual-brand strategy with its OHM and HBC products to enhance competitiveness[48]. - The company aims to enhance product synergy and expand its business scope by integrating its own OHM brand with imported HBC products, targeting high-end and mid-range market segments[105]. - The company plans to establish an overseas sales center for the OHM brand to strengthen domestic competitiveness while actively exploring international mid-range markets, with partnerships already formed in regions such as the Middle East and Australia[106]. - The company’s 2022 operational goals include maintaining steady growth in its core business of industrial wireless control equipment and expanding into new industries while promoting its dual-brand strategy[108]. Legal Matters - The company is involved in a software copyright infringement lawsuit, with the plaintiff alleging that the software code in some products is substantially similar to that of HBC GmbH, the legitimate copyright holder[128]. - The lawsuit has not had a significant adverse impact on the company's operations, and the financial implications remain uncertain as the case has not yet been heard[128]. - The company is actively monitoring the progress of the ongoing lawsuit and will fulfill information disclosure obligations as necessary[128]. - The company has a commitment to maintain transparency regarding any potential financial impacts from the lawsuit as it progresses[128]. Shareholder Commitments - The actual controller has promised to release stock transfer restrictions in three batches, with the first batch of 16,100,333 shares released on June 25, 2015[136]. - The company has ongoing commitments regarding stock transfer limitations, with a commitment to not transfer more than 25% of their shares during their tenure and within six months after leaving[132]. - The company has reported no significant related transactions involving asset or equity acquisitions or sales during the reporting period[132]. - The company’s major shareholders and executives have pledged to avoid any business activities that compete with the company[165]. - The commitments from shareholders and executives are effective from the date of the public offering[173].
海希通讯(831305) - 2021 Q4 - 年度财报(更正)