Hangzhou Weiguang Electronic Co.Ltd(002801)
Work report of the board of directors in 2021
In 2021, the board of directors of the company earnestly performed its duties and strengthened and improved the corporate governance structure in strict accordance with the relevant requirements of laws, regulations and normative documents such as the company law, the securities law, the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen stock exchange No. 1 - standardized operation of listed companies on the main board, and the company's management systems such as the articles of association and the rules of procedure of the board of directors, Unite and lead the management and all employees to carry out the work of "rapid R & D, order grabbing, strong management, cost reduction, quality improvement and benefit increase" in an orderly manner, overcome many difficulties such as the rise of raw material prices, RMB appreciation and covid-19 epidemic, and the company has achieved healthy and rapid development. The work of the board of directors in 2021 is as follows: I. main business in 2021
During the reporting period, the company realized an operating revenue of 1111608 million yuan, a year-on-year increase of 39.27%; The net profit attributable to the shareholders of the listed company was 2544292 million yuan, a year-on-year increase of 31.53%. The main work of the company is as follows:
1. The company actively implemented the innovation driven development strategy, continuously improved the ability and quality of R & D team, accelerated the process of new product development and industrialization, enriched product series, increased product varieties, approved 29 company level new products and passed 8 provincial new product appraisal; There are 61 authorized patents, including 4 invention patents, 53 utility model patents, 4 appearance patents and 4 software copyrights. Servo motors 60st and 180st are listed in the equipment product catalogue of "energy efficiency star" of the Ministry of industry and information technology (2021). In view of the shortage of foreign chip supply, actively develop the drive controller based on domestic chip to ensure the smooth progress of production; In view of the sharp rise in the price of raw materials, continuously optimize the design scheme and increase the competitiveness of products. During the reporting period, the company invested 44.412 million yuan in R & D, a year-on-year increase of 30.01%.
2. Faced with the sharp rise in the price of raw materials and the appreciation of RMB, the company overcame difficulties, strengthened communication with customers, stabilized customer relations and reasonably adjusted prices. Strengthen the market development of new products, actively participate in online and offline exhibitions, and explore new customers and markets. During the reporting period, the company achieved domestic sales revenue of 5683203 million yuan, a year-on-year increase of 27.30%; The overseas sales revenue was 5432877 million yuan, a year-on-year increase of 54.45%. The sales revenue of ECM motor was 1550517 million yuan, a year-on-year increase of 51.61%, and that of servo motor was 500487 million yuan, a year-on-year increase of 41.25%. The proportion of sales revenue of servo motor and ECM motor increased by 1.2 percentage points, and the product structure was continuously optimized.
3. Strengthen investment management. During the reporting period, it invested 10 million yuan to participate in the establishment of Hangzhou CAITONG Haixin equity investment partnership (limited partnership), accounting for 121936%. The fund is specially invested in haisuxin (Hangzhou) Technology Co., Ltd; Zhejiang Shunyun Internet Technology Co., Ltd., the main operator of "motor industry brain" in Zhejiang Province, invested 7.5 million yuan, accounting for 5%; Invested 12 million yuan to participate in Jiangsu youanshi battery material Co., Ltd. and enter the lithium iron phosphate industry, accounting for 20%. The company transferred 100% equity of Hangzhou Zhejiang Tiantai Xianghe Industrial Co.Ltd(603500) Co., Ltd. During the reporting period, the company recovered 617362 million yuan of investment and performance compensation, paid 29.5 million yuan of investment, and optimized the investment structure and quality. On the premise of ensuring the safety of funds, legal and compliant operation and not affecting the production and operation, the company entrusted financial management of idle self owned funds and obtained an investment income of 431831 million yuan.
4. Complete the general election of the Fifth Board of directors, supervisors and senior management, further optimize the organizational structure, realize the alternation of the new and the old management team, move towards youth and specialization, and provide organizational guarantee for the high-quality and sustainable development of the enterprise.
5. Actively carry out the activity of striving for excellence, evaluate the "monthly star", strengthen management, establish a rapid response mechanism, enhance the ability to respond, find gaps, fill weaknesses and strengths according to the annual objectives and five-year plan, and spare no effort to promote the high-quality, sustainable and rapid development of the enterprise. The company strengthened corporate governance and standardized information disclosure. In 2020, the company's information disclosure assessment won the grade a assessment of Shenzhen Stock Exchange again. 2、 Review of the work of the board of directors in 2021 (I) convening and resolutions of the board of directors
In 2021, the board of directors of the company prepared, convened and held the meeting in strict accordance with relevant regulations. During the reporting period, the board of directors of the company held 8 meetings, at which 36 proposals were considered and adopted, as follows:
No. name, time and method of meeting proposal
1. Proposal on 2020 general manager's work report;
2. Proposal on the work report of the board of directors in 2020;
3. Proposal on 2020 annual report and summary;
4. Proposal on 2020 financial final accounts report;
5. Proposal on the self inspection form for the implementation of internal control rules in 2020;
6. Proposal on self evaluation report on internal control in 2020;
7. Proposal on the special report on the deposit and use of raised funds in 2020; 1th meeting 2021 / 3 / 22
8. Proposal on changes in accounting policies;
9. Proposal on financial budget report for 2021;
10. Proposal on the proposed reappointment of the audit institution in 2021;
11. Proposal on 2020 profit distribution plan;
12. Proposal on changing the registered capital and amending the articles of Association;
13. Proposal on convening the 2020 annual general meeting of shareholders.
On site combination of the 4th board of directors 1. Proposal on reviewing the full text and text of the first quarter report of 2021.
2 fifteenth meeting 2021 / 4 / 28 Newsletter
1. Proposal on continuing to carry out commodity futures hedging business;
On site combination of the 4th board of directors 2. Proposal on continuing to carry out long-term foreign exchange settlement and sales business;
3 sixteenth meeting 2021 / 7 / 16 Newsletter
3. Proposal on using some idle self owned funds for entrusted financial management;
4. Proposal on convening the first extraordinary general meeting of shareholders in 2021.
1. Proposal on the full text and summary of the 2021 semi annual report;
On site of the 4th board of directors 2. Proposal on the profit distribution plan for the half year of 2021;
4th 17th meeting 2021 / 8 / 24
3. Proposal on convening the second extraordinary general meeting of shareholders in 2021.
On site combination of the 4th board of directors 1. Proposal on transferring 100% equity of wholly-owned subsidiaries.
5th 18th meeting 2021 / 10 / 18 Newsletter
On site combination of the 4th board of directors 1. Proposal on the third quarter report of 2021.
6 nineteenth meeting 2021 / 10 / 28 Newsletter
On site combination of the 4th board of directors 1. Proposal on the general election of non independent directors of the 5th board of directors of the company.
7 the 20th meeting 2021 / 11 / 15 communication 1.1 nominated Mr. He Ping as a non independent director of the Fifth Board of directors;
1.2 nominate Mr. Shao Guoxin as a non independent director of the 5th board of directors;
1.3 nominate Ms. He Siyun as a non independent director of the 5th board of directors;
1.4 nominate Mr. Ni Daming as a non independent director of the 5th board of directors;
1.5 nominate Mr. Liu Haiping as a non independent director of the 5th board of directors;
1.6 nominate Mr. Li Lei as a non independent director of the 5th board of directors.
2. Proposal on the general election of independent directors of the Fifth Board of directors of the company.
2.1 nominate Mr. Shen Jianxin as an independent director of the 5th board of directors;
2.2 nominate Ms. Hu Xiaoming as an independent director of the 5th board of directors;
2.3 nominate Mr. Shen Menghui as an independent director of the 5th board of directors.
3. Proposal on convening the third extraordinary general meeting of shareholders in 2021.
1. Proposal on the election of the chairman of the 5th board of directors;
2. Proposal on the election of the vice chairman of the Fifth Board of directors;
3. Proposal on the election of members of the special committee of the Fifth Board of directors;
4. Proposal on the appointment of general manager;
The 5th board of directors on-site combination 5. Proposal on the appointment of deputy general manager;
8. Communication of the first meeting on December 7, 2021 6. Proposal on the appointment of the Secretary of the board of directors;
7. Proposal on the appointment of chief financial officer;
8. Proposal on the appointment of securities affairs representatives;
9. Proposal on appointing the person in charge of internal audit;
10. Proposal on Approving the wholly-owned subsidiary LLL technology to participate in the bidding for 51% equity of Zhejiang Mar through the provincial industrial exchange.
During the reporting period, all directors of the company performed their duties with due diligence, paid close attention to the company's operation, financial status and major issues, deeply discussed and analyzed various proposals submitted to the board of directors for deliberation, made suggestions for the company's operation and development, fully considered the interests and demands of small and medium-sized shareholders, effectively enhanced the scientificity of the board of directors' decision-making and promoted the smooth development of the company's production, operation and management.
During the reporting period, the independent directors of the company were able to strictly maintain their independence and professional ethics, faithfully perform their duties, attend relevant meetings on time, express independent opinions according to law, actively exercise the rights of independent directors, put forward suggestions on the business development and compliance operation of the company, and effectively safeguard the overall interests of the company and the legitimate rights and interests of all shareholders, especially minority shareholders. Independent directors Ms. Hu Xiaoming, Mr. Wu Jianhua, Mr. Shen Jianxin and Mr. Shen Menghui submitted the report on the work of independent directors in 2021 to the board of directors and will report on their work at the 2021 annual general meeting of shareholders of the company. (II) organization and implementation of the general meeting of shareholders
1. Organization of the general meeting of shareholders
In 2021, the board of directors of the company convened and organized four general meetings of shareholders, including one annual general meeting and one extraordinary general meeting
