Securities code: 002947 securities abbreviation: Suzhou Hengmingda Electronic Technology Co.Ltd(002947) Announcement No.: 2022-030 Suzhou Hengmingda Electronic Technology Co.Ltd(002947)
Work report of the board of directors in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
In 2021, the board of directors of Suzhou Hengmingda Electronic Technology Co.Ltd(002947) (hereinafter referred to as the "company") strictly complied with the company law of the people's Republic of China, the securities law of the people's Republic of China, the stock listing rules of Shenzhen Stock Exchange, the articles of association, the rules of procedure of the board of directors and other relevant laws and regulations, normative documents and the provisions of the company system, Adhering to the firm belief of being responsible to all shareholders, we diligently performed various responsibilities entrusted by the general meeting of shareholders, standardized operation, scientific decision-making, fine management and safe production, achieved a significant increase in business scale and production capacity, and achieved the phased development goals of the company. Now, the work of the board of directors in 2021 is reported as follows.
1、 Operation of the company in 2021
In 2021, based on the established annual plan, the board of directors actively responded to market changes including the repeated global covid-19 epidemic and the fluctuation of upstream raw material prices, realized a total operating revenue of 113.01695 million yuan, an operating profit of 44.1226 million yuan, a total profit of 43.3353 million yuan and a net profit attributable to shareholders of listed companies of 31.264 million yuan, After deducting the expenses due to the equity incentive plan, the net profit attributable to the shareholders of the listed company is 121.2679 million yuan. （1） Anchor the strategic base point of leading R & D and realize sound growth of performance
In the first half of 2021, in order to expand the company's technical advantages and optimize the product structure, the company increased its R & D efforts, and the R & D expenses increased significantly compared with the same period of the previous year. At the same time, due to the seasonal price reduction of some products of the original old models and the initial stage of mass production of new products, the profitability of the company in the first half of the year was affected to a certain extent.
In the second half of 2021, relying on the positive expansion of the consumer electronics industry in the early stage, the results of the early R & D investment were shown. The company greatly optimized its product structure and process level. With the further improvement of the production scale and operation efficiency of new products, the company repaired the impact of the early stage due to technological difficulties and limited production capacity, and realized the double growth of operating revenue and profit.
During the reporting period, the company terminated the 2020 equity incentive plan based on the assessment results and the company's future development plan. In 2021, due to the implementation and termination of the equity incentive plan, the amount of pre tax expenses was 89.7778 million yuan, and the amount of after tax impact on the current net profit was 90.038 million yuan.
Overview in 2021, the company successfully achieved the phased strategic goal and realized the long-term and healthy improvement of profitability by obtaining new product orders, ensuring product quality, improving automation level and comprehensively controlling costs.
（2） Complete refinancing projects and enrich capital reserves
In order to enrich the reserves required for the development of the company's main business and achieve the leading strategic goal of capacity expansion, the company applied to the China Securities Regulatory Commission for non-public issuance of A-Shares in 2020. The main investment of the raised funds is "Kunshan maoxu road electronic materials, devices and structural parts industrialization project (phase II)". The project plans to build new plants and introduce advanced production and supporting equipment, Focus on the production of functional devices such as pasting and fixing required for consumer electronics screens, camera modules and antenna modules, electromagnetic shielding devices for 5g products, functional devices such as cushioning and pasting and fixing for TWS headphones, consumer electronics precision structural parts, etc. On September 8, 2021, 17412935 A-share ordinary shares issued by the company were listed, and the net amount of funds actually raised was RMB 34509214.52. This refinancing has enriched the capital reserve required for the company's capacity expansion and enhanced the company's ability to resist risks. After the construction of the raised investment project, the company's capacity will be greatly released and the forward-looking production line and equipment planning will be realized; At the same time, through this non-public offering of shares, high-quality investors who agree with the long-term value of the company were introduced into the shareholder structure, and the market vitality of the company was stimulated. （3） Continue to release production capacity and consolidate the foundation for expansion
In 2021, for companies that maintain a stable cooperative relationship with downstream and have deeply participated in a variety of terminal new product projects, further improving their capacity reserves is a key task to ensure the stable delivery of a large number of new products and improve the market share of products. At the beginning of the year, the company released 8000 square meters of production base, and realized the full capping of the plant of "Kunshan maoxu road electronic materials, devices and structural parts industrialization project (phase I)", and the phase II project has also started in time after the funds raised by non-public offering of shares have been in place. Through the scientific utilization of the raised funds and the efficient solution of engineering problems in the construction process, the management of the company actively promotes the continuous release of production capacity, effectively relieves the pressure on the company's production capacity, and effectively helps the expansion of the company's products to the high-end location of the industrial chain. In South China, the company purchased 50452 square meters of industrial land in Huizhou by participating in bidding in November 2021 to be used as a new production base for its subsidiary, so as to give full play to the company's cluster advantages in South China and ensure the company's overall profit advantage and overall income level. During the year, the company set up a wholly-owned subsidiary in Beining province of Vietnam to provide more efficient services to downstream customers through overseas allocation of production capacity. （4） Strengthen technical barriers and enhance product competitiveness
As the backbone of the consumer electronics industry, the company has long served well-known end customers and assembly manufacturers in the industry, adhered to the research and development and design of high-quality products with global competitiveness, constantly broke through the upper limit of added value of products and services, strengthened its differentiated value and technical barriers in the industrial chain, and exerted its influence, It can effectively improve the production efficiency and terminal equipment quality downstream of the industrial chain. In 2021, with profound technological accumulation and outstanding innovation level, the company deeply participated in the R & D and design of customers' new products, and the number of proofing has tripled compared with that in 2020. In the R & D process, the company attaches importance to the process optimization and intelligent upgrading of the production line. Among them, the automatic detection equipment independently developed and transformed by the company combined with advanced algorithms can flexibly adjust parameters according to different models and delivery standards of various non-standard products, greatly improving the product yield and effectively realizing excellent cost control, It is a good example for the company to continuously realize production automation and intelligent upgrading in the future. （5） Focus on main business and enrich field layout
In 2021, the company focused on the growth of its own hard power. By deepening cooperation with end customers in multiple product dimensions, the company
Its professional technology in the field of consumer electronic functional devices, consumer electronic precision structural parts and other products has been more comprehensively strengthened and improved
And has made some progress in the market share of its main business.
At the same time, the company actively distributes new energy and medical products
Medical equipment and other fields, and the existing products have entered the stage of proofing and sending, and the effect of strategic expansion is obvious.
2、 Work of the board of directors in 2021
(I) board meeting
In 2021, the board of directors of the company held 10 meetings to review the key issues of the company's operation and development, and fulfilled the responsibilities of the board of directors
The decision-making management responsibilities of the company are as follows:
Date session proposal result
The proposal on using idle raised funds for cash management was passed
The proposal on the use of some self owned funds for cash management was passed at the 10th Session of the second National People's Congress
On January 22, 2021, the proposal on providing guarantee to wholly-owned subsidiaries was passed for the second time
The proposal on foreign investment of wholly-owned subsidiaries was passed
The proposal on convening the first extraordinary general meeting of shareholders in 2021 was passed
The proposal on reviewing the full text and summary of the 2020 annual report was passed
The proposal on reviewing the work report of the board of directors in 2020 was passed
The proposal on reviewing the report on work of independent directors in 2020 was passed
The proposal on reviewing the 2020 general manager's work report was passed
The proposal on the deliberation of the financial final accounts report for 2020 was passed
The proposal on reviewing the 2020 internal control self-evaluation report was passed
The proposal on reviewing the self inspection form for the implementation of internal control rules in 2020 was passed at the 10th Session of the second session
On March 31, 2021, the proposal on reviewing the special report on the deposit and actual use of raised funds in 2020 was passed three times
The proposal on reviewing the plan for profit distribution and conversion of capital reserve into share capital in 2020 was passed
The proposal on Amending the articles of association was passed
The proposal on reviewing the remuneration plan for directors, supervisors and senior managers in 2021 was passed
The proposal on confirming the daily connected transactions in 2020 and the expected daily connected transactions in 2021 was passed
The proposal on renewing the appointment of the audit institution in 2021 was passed
The proposal on the company and its subsidiaries applying to the bank for comprehensive credit line in 2021 was passed
The proposal on convening the 2020 annual general meeting of shareholders was passed
The tenth of the second session
On April 26, 2021, the proposal on reviewing the foreign investment of wholly owned subsidiaries was passed four times
The tenth of the second session
On April 28, 2021, the proposal on reviewing the full text and text of the first quarter report of 2021 was passed five times
The proposal on extending the validity of the resolution of the general meeting of shareholders on the company's non-public offering of shares was passed
On requesting the general meeting of shareholders to extend the authorization of the board of directors to handle matters related to the company's non-public offering of shares
Pass the proposal of the tenth term of validity of the second session
July 6, 2021
The six time about the first registration of restricted stock in 2020 and the adjustment after the 2020 equity allocation.
Pass the proposal on the upper limit of non-public offering of shares
The proposal on convening the second extraordinary general meeting of shareholders in 2021 was passed
