Securities code: Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) securities abbreviation: Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) Announcement No.: 2022002 Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) 2021 annual report summary I. important tips the summary of this annual report is from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. The audit opinion of Zhongxi Certified Public Accountants (special general partnership) on the company’s financial report this year is: standard unqualified opinion. Changes in accounting firms during the reporting period: unchanged. Tips of non-standard audit opinions □ applicable √ not applicable the company was not profitable when it was listed and is not profitable at present □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting provident fund into share capital in the reporting period reviewed by the board of directors √ applicable □ not applicable the profit distribution plan of ordinary shares reviewed and approved by the board of directors is: Based on 80 million shares, distribute cash dividends of 10.00 yuan (including tax) to all shareholders for every 10 shares, 0 bonus shares (including tax) will be given, and 0 shares will be added to all shareholders for every 10 shares with capital reserve.
Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) Stock Code: Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name deal
Office address: No. 18, Songtang Road, Songgang street, Bao’an District, Shenzhen
Fax: 075536692613
Tel: 075533586747
E-mail [email protected].
2. Introduction to main business or products during the reporting period
(1) Basic information of the industry
The company is a high-tech enterprise mainly engaged in the R & D, production and sales of glass protective screen. Its products are widely used in smart phones, tablet computers, smart wear and other smart terminals. According to the industry classification guidelines for listed companies (revised in 2012) issued by the CSRC, the industry of the company is “computer, communication and other electronic equipment manufacturing industry” in “manufacturing industry”, and the industry code is C39. According to the industrial classification and code of national economy (GB / t47542017), the company belongs to category 3976 “optoelectronic device manufacturing” under category 397 “electronic device manufacturing” of category 39 “computer, communication and other electronic equipment manufacturing” in “C Manufacturing”.
The core product of the company is glass protective screen, which is applied to smart phones, wearable devices, tablets, laptops, etc. at the same time, glass protective screen is also an important appearance structural member, which is used for the back cover of intelligent terminal equipment. The upstream raw materials of glass protective screen mainly include glass substrate, ink, coating materials, etc., and the representative manufacturers include Corning, Schott, Asahi nitrate, electric nitrate, Caihong Display Devices Co.Ltd(600707) etc; Downstream customers are mainly display module / panel manufacturers and well-known terminal brands. The representative manufacturers of display module / panel include Samsung display, BOE, shentianma, Huaxing optoelectronics, etc. well-known terminal brands include apple, Samsung, Huawei, oppo, vivo, Xiaomi, glory, etc.
With the penetration of 5g communication and wireless charging into medium and low-end smart phones, the demand for glass protective screens has increased. At the same time, the demand for glass protective screens by aiot terminals such as tablet computers, smart watches, VR / AR glasses and screen smart speakers has also continued to increase, which has promoted the development of the industry. (2) Industry development stage and industry characteristics of the company
1) Industry stage
In recent years, the state has successively launched documents such as the 13th five year plan for national scientific and technological innovation, the implementation plan for improving consumption promotion system and mechanism (20182020), and the 5g application “sailing” action plan (20212023). The company’s industry conforms to the national strategic emerging industry development plan and the national scientific and technological innovation plan of the 13th five year plan. With the large-scale application of intelligent terminals and other equipment, The popularity of 5g users has increased rapidly, and the industry has ushered in good development space.
2) Industry characteristics
Enterprises in this industry purchase raw materials from upstream suppliers, produce customized glass protective screens corresponding to specific products according to the needs of downstream customers, and finally sell them to display panel manufacturers, touch screen assembly manufacturers or intelligent terminal manufacturers. Enterprises in the industry generally need the dual certification of direct customers such as panel manufacturers and intelligent terminal brands, and the industry threshold is high.
The downstream smart terminal brand market in the consumer electronics industry is highly concentrated, resulting in the fact that most upstream raw materials and parts suppliers also have the characteristics of relatively concentrated customers. The downstream concentration of the industry in which the company is located is high, and the downstream customers of the industry are mainly large-scale and well-known enterprises. Glass protective screen products are mainly used in mobile phones, tablet computers, wearable devices and other consumer electronic products, so they are closely related to the demand changes of downstream industries. The demand for downstream electronic products is closely related to the macroeconomic situation. When the economic situation is good, the market demand for downstream electronic products is large and the growth rate is high, which will drive the production and sales volume of glass protective screen manufacturers to increase; In the economic downturn, the purchasing power of consumers decreases and the demand for consumer electronic products decreases, which reduces the production and sales of production enterprises. In recent years, the popularity of 5g communication, wireless charging, appearance innovation and other applications will drive the growing demand for glass protective screens of smart phone products. In addition, the application of glass protective screens in aiot terminals such as tablet computers, smart watches, VR / AR glasses, on-screen smart speakers and automotive electronics has been continuously improved, which provides a foundation for the sustainable development of the industry.
3) Industry position of the company
The company focuses on the R & D, production and sales of glass protective screen. The shipment volume of the company’s core product glass protective screen has ranked in the forefront of the industry. In recent years, the company has shown good growth, continuously improved its market share, and occupied a market leading position in the field of specific core customers and specific terminal brands. After the successful implementation of the company’s raised investment project, the company’s production capacity will increase significantly, the product categories will be richer, and the company’s market share and industry position in the field of glass protective screen will be further improved.
4) Main business of the company
The company is a high-tech enterprise mainly engaged in the R & D, production and sales of glass protective screen. Its products are widely used in smart phones, tablet computers, smart wear and other new generation smart terminals.
At present, the company is one of the large-scale professional glass protective screen suppliers in China, and has become a supporting supplier of glass protective screen for large optoelectronic device manufacturers such as shentianma, Samsung display, Huaxing optoelectronics, BOE, Japan display and Xinli optoelectronics. The products are finally applied to mobile terminals of well-known brands at home and abroad such as vivo, oppo, Samsung, Huawei, Xiaomi and glory.
5) Main products and uses of the company
The company’s main product, glass protective screen, is an ultra-clean glass product, which is refined through ultra-high temperature tempering, ultrasonic cleaning, precision silk screen printing and coating on the basis of special glass. It has high requirements for production process control and processing technology.
At present, the company’s glass protective screen products are mainly the front cover protective screen of the information terminal, that is, the glass panel used to protect the touch display elements. Its inner surface must be close to the touch display module and its outer surface must have sufficient strength. It is an important part of electronic products. At the same time, the company also produces a small amount of glass protective screen back cover, which is used to protect the back-end electronic components of electronic products and improve the beauty of products. Driven by 5g and wireless charging technology, the application of glass back cover is more and more widely.
The glass protective screen produced by the company is used in smart phones, tablet computers, on-board equipment, digital cameras, intelligent medical equipment and other terminal categories, among which it is most widely used in well-known smart phone brands such as vivo, oppo, Samsung, Huawei and Xiaomi. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 450628500957155121611186 190.50% 127669202073
Net assets attributable to shareholders of listed companies 28268818468877377161644 265.34% 61339135766
20212020 year-on-year increase or decrease 2019
Operating income 187677686534133290865475 40.80% 165944096735
Net profit attributable to shareholders of listed companies 1558339870521887253235 – 28.80% 32650045325
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 1306660363120279114652 – 35.57% 32051238106
Net cash flow from operating activities 3269540639711351298857 188.03% 35072758329
Basic earnings per share (yuan / share) 2.34 3.65 – 35.89% 5.44
Diluted earnings per share (yuan / share) 2.34 3.65 – 35.89% 5.44
Weighted average return on net assets 10.50% – 31.79% – 21.29% – 70.01%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 50478990221448879145874189153742450419244302
Net profit attributable to shareholders of listed company 773668871437936153873231294399821800205
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 7445376287, 2976699087, 3055483049 -410954792
Net cash flow from operating activities 810250926813208410238 – 370602393015090510821
Whether the above financial indicators or their total amount are significantly different from the financial indicators related to the quarterly report and semi annual report disclosed by the company □ yes √ No 4. Share capital and shareholders (1) number of ordinary shareholders and preferred shareholders with voting rights restored and shareholding of the top 10 shareholders
Unit: shares
Annual report disclosure and voting at the end of the reporting period
