Unisplendour Corporation Limited(000938)
Report of the board of directors in 2021
In 2021, the board of directors of the company conscientiously performed the duties entrusted by the general meeting of shareholders in strict accordance with the company law, securities law and other laws and regulations as well as the relevant provisions of the articles of association, diligently performed their duties, standardized operation, and promoted the rapid and healthy development of all businesses of the company. 1、 Meetings of the board of directors during the reporting period
In 2021, the board of directors of the company held 11 meetings.
1. The company held the 51st meeting of the 7th board of directors on March 19, 2021, and deliberated and passed the proposal on the prediction of daily connected transactions in 2021 and the proposal on the convening time and topics of the first extraordinary general meeting of shareholders in 2021. The announcement on the resolution of the 51st meeting of the seventh board of directors and relevant announcements were published in China Securities Journal, securities times, Shanghai Securities News and cninfo.com on March 20, 2021.
2. The company held the 52nd meeting of the 7th board of directors on April 23, 2021, which deliberated and approved the company’s 2020 president’s work report, the company’s 2020 board of directors report, the company’s 2020 financial statement report, the full text and summary of the company’s 2020 annual report, the company’s 2020 independent director’s work report, the company’s 2020 profit distribution plan The proposal on reappointment of zhongxinghua Certified Public Accountants (special general partnership) as the company’s financial report and internal control audit institution in 2021 and payment of audit fees, the company’s internal control evaluation report in 2020, the company’s social responsibility report in 2020, the proposal on the company’s application for comprehensive credit line from the bank in 2021 Proposal on changes in accounting policies and supplementary accounting estimates of the company, proposal on providing guarantee for subsidiaries to apply for comprehensive bank credit line, proposal on providing guarantee for subsidiaries to suppliers, proposal on providing guarantee (II) for subsidiaries to suppliers Proposal on the signing of financial service agreement between the company and Tsinghua Holding Group Finance Co., Ltd. and the provision of guarantee and related party transaction for the application of credit line for subsidiaries, proposal on the risk assessment report of the company’s deposit and loan business in Tsinghua Holding Group Finance Co., Ltd., proposal on the risk disposal plan of the company’s deposit and loan business in Tsinghua Holding Group Finance Co., Ltd The plan on the election of non independent directors by the board of directors, the plan on the election of independent directors by the board of directors, and the proposal on the convening time and topics of the company’s 2020 annual general meeting of shareholders. Announcement on resolutions of the 52nd meeting of the 7th board of directors and
Relevant announcements were published in China Securities Journal, securities times, Shanghai Securities News and cninfo on April 24, 2021.
3. The company held the 53rd meeting of the 7th board of directors on April 29, 2021, and reviewed and approved the full text of the company’s first quarter report of 2021.
4. The company held the 54th meeting of the 7th board of directors on May 10, 2021, and deliberated and adopted the proposal on the 2020 performance compensation verification scheme for senior managers of the company by the remuneration and assessment committee of the board of directors.
5. On May 14, 2021, the company held the 55th meeting of the seventh board of directors, deliberated and adopted the proposal on capital increase and related party transactions of holding subsidiaries. The announcement of the resolution of the 55th meeting of the seventh board of directors and relevant announcements were published in China Securities Journal, securities times, Shanghai Securities News and cninfo.com on May 15, 2021.
6. On May 17, 2021, the company held the first meeting of the 8th board of directors, deliberated and approved the proposal on electing the chairman of the 8th board of directors, the proposal on electing the members and chairman of the remuneration and assessment committee of the 8th board of directors, the proposal on electing the members and Chairman of the audit committee of the 8th board of directors, the proposal on appointing the president of the company Proposal on the appointment of the vice president of the company, proposal on the appointment of the Secretary of the board of directors and securities affairs representative of the company, proposal on the authorization of the board of directors to the office meeting of the chairman and the president. The announcement on the resolution of the first meeting of the eighth board of directors and relevant announcements were published in China Securities Journal, securities times, Shanghai Securities News and cninfo.com on May 18, 2021.
7. On June 4, 2021, the company held the second meeting of the eighth board of directors, deliberated and adopted the proposal on extending the validity of the resolution of the shareholders’ meeting of non-public Development Bank shares and the proposal on the convening time and topics of the second extraordinary shareholders’ meeting of the company in 2021. The announcement on the resolution of the second meeting of the eighth board of directors and relevant announcements were published in China Securities Journal, securities times, Shanghai Securities News and cninfo.com on June 5, 2021.
8. The company held the third meeting of the eighth board of directors on August 13, 2021, and deliberated and adopted the proposal on providing guarantee for subsidiaries and the proposal on the convening time and topics of the third extraordinary general meeting of shareholders in 2021. The announcement of the 8th meeting of the board of directors of China Securities Times and the announcement of the 8th meeting of the board of directors of China securities times were published on August 14, 2021.
9. On August 27, 2021, the company held the fourth meeting of the eighth board of directors, deliberated and approved the full text and abstract of the company’s 2021 semi annual report and the proposal on the continuous risk assessment report of the company’s deposit and loan business in Tsinghua Holding Group Finance Co., Ltd. The announcement on the resolution of the fourth meeting of the eighth board of directors and relevant announcements were published in China Securities Journal, securities times, Shanghai Securities News and cninfo.com on August 28, 2021.
10. On October 29, 2021, the company held the fifth meeting of the eighth board of directors, deliberated and approved the company’s third quarter report of 2021, the proposal on the adjustment of the guarantee of the credit line of the subsidiary manufacturers, and the proposal on the convening time and topics of the fourth extraordinary general meeting of shareholders in 2021. The announcement of the resolution of the fifth meeting of the eighth board of directors and relevant announcements were published in China Securities Journal, securities times, Shanghai Securities News and cninfo.com on October 30, 2021.
11. The company held the 6th meeting of the 8th board of directors on December 10, 2021, which deliberated and approved the proposal on developing foreign exchange hedging business, the feasibility analysis report on developing foreign exchange hedging business, the proposal on using its own idle funds for entrusted financial management, and the work plan for internal control evaluation of the company in 2021.
The announcement on the resolution of the sixth meeting of the eighth board of directors and relevant announcements were published in China Securities Journal, securities times, Shanghai Securities News and cninfo.com on December 11, 2021. 2、 Implementation of resolutions of the general meeting of shareholders by the board of directors
During the reporting period, the board of directors of the company, in accordance with the company law, securities law and other relevant laws and regulations and the requirements of the articles of association, seriously standardized the exercise of the functions and powers of the board of directors and the authority granted by the general meeting of shareholders, and earnestly implemented the resolutions adopted by the general meeting of shareholders. 3、 Operation of the company in 2021
In the first year of China’s 14th five year plan, the company actively grasped the industrial opportunities and new changes in the market environment brought about by the rapid development of digital economy, deeply laid out the “core cloud network edge end” industrial chain, and promoted the implementation of the “cloud intelligence native” strategy and the landing application of the newly upgraded “digital brain”. The company continues to upgrade ICT infrastructure products and lead the technological development of ICT industry; Comprehensively optimize the digital solutions, cloud services and software development and integration business for the application scenarios of key industries, drive the implementation of more smart projects such as smart city, smart medical treatment, smart transportation and smart education, and enable the digital transformation of industry customers with the full stack of ICT capabilities. In 2021, the company achieved an operating revenue of 67.638 billion yuan, a year-on-year increase of 12.57%, of which the ICT infrastructure and service business achieved a revenue of 41.348 billion yuan, a year-on-year increase of 24.81%, accounting for 61.13% of the operating revenue. The IT product distribution and supply chain service business developed steadily, and the overall revenue structure of the company continued to be optimized; The net profit attributable to the shareholders of the listed company was 2.148 billion yuan, a year-on-year increase of 18.51%; The R & D investment was 4.881 billion yuan, with a year-on-year increase of 14.15%. The increasing R & D investment in ICT technology and solutions has laid a solid foundation for the rapid development of the company’s business and the improvement of market share.
The holding subsidiary Xinhua 3 Group Co., Ltd. (hereinafter referred to as “Xinhua 3”) achieved an annual operating revenue of 44.351 billion yuan, a year-on-year increase of 20.52%, and a net profit of 3.434 billion yuan, a year-on-year increase of 22.24%. Xinhua III continued to focus on the three major markets of Chinese enterprise business, Chinese operator business and international business. Among them, Chinese enterprise business achieved rapid growth, with an operating revenue of 36.258 billion yuan, a year-on-year increase of 22.56%; The business market position of Chinese operators has been continuously improved, with an operating revenue of 6.415 billion yuan, a year-on-year increase of 13.04%, and the annual delivery amount has increased rapidly; The international business showed a good growth trend, with an operating revenue of 1.678 billion yuan, of which the revenue of H3C brand products and services of Xinhua 3 reached 714 million yuan, a year-on-year increase of 48.81%, realizing a high-speed growth.
Ziguang cloud Technology Co., Ltd. (hereinafter referred to as “Ziguang cloud company”), a holding subsidiary, based on the homogeneous hybrid Cloud Architecture, continued to build a core cloud platform and strengthen the ability to build cloud operation and service. In 2021, it achieved an operating revenue of 1.009 billion yuan, a year-on-year increase of 67.84%, a net profit of -90.741 million yuan attributable to the owner of the parent company, and a year-on-year decrease of 43.55%.
The market share of many products of the company continues to lead. In 2021, the market share of enterprise WLAN in China was 28.4%, ranking first in the market for 13 consecutive years; The market share of Ethernet switch in China is 35.2%, ranking the second in the market; In China, the market share of enterprise network routers increased to 31.3% from 30.8% last year, ranking second in the market; In China, the market share of X86 server increased from 15.4% in the previous year to 17.4%, ranking second in the market; In China, the market share of non-x86 server is 19.5%, jumping from the fourth in the previous year to the first; China’s blade server market share is 47.8%, and continues to rank first in the market; The storage market share in China is 12.6%, ranking second in the market; The market share of security hardware in China is 9.0%, ranking second in the market; In the first three quarters of 2021, the market share of super integration in China was 20.5%, and the market share rose to the first. (the above data is from IDC)
(I) build the core competence of “cloud intelligence native” and continuously upgrade ICT infrastructure and services
1. Intelligent connection
The company’s intelligent connection continues to innovate intelligent network products and solutions around the five core elements of “intelligence, integration, minimalism, credibility and ultra width”, and carries out exploration and practice in key technical fields to promote the development of future networks.
(1) Switch
The company has successively launched new box 400g switches, industrial switches, park switches and other products to continuously meet the latest needs of high-performance data center construction in different scenarios. At the same time, intelligent network connection solutions such as intelligent lossless Ethernet solution, intelligent ultra wide solution and intelligent IP all-optical network solution have been released for high-speed computing and high-speed storage scenarios, cloud service provider export and cross domain data center interconnection scenarios, park network scenarios, etc., so as to promote the development of network intelligence with key technological innovation. In terms of green energy conservation, the company’s data center series products integrate AI capability to reduce the energy consumption of the whole machine while ensuring the safety of equipment operation and the forwarding demand are not affected; The submerged liquid cooling switch with new technology has been released, which can make the pue of the data center reach a very low level, and has won the bid for the liquid cooling data center project of Internet manufacturers.
(2) Router
The company has continuously optimized and improved the performance of router products and made major breakthroughs in operators and enterprise network market. In the operator market, cr19000 core router continues to win the bid and is widely used by the three operators. It has become one of the important choices for operators to establish a national backbone network; Cr16000-f high-end router covers China Mobile’s multi provincial 5g core network scenario; 5g access enterprise router helps operators expand the application scenarios of government and enterprises and scale applications in transportation, finance and other industries. In the enterprise network market, high-end routers are growing rapidly in industries such as power and finance; The new cr16000-m cloud service router provides a more intelligent, accurate, fast and low-carbon connection to help enterprise users build an ad-wan bearer network. The company’s router products continue to be deeply rooted in the field of IPv6 technology, among which the customers in the education industry respond quickly and implement the advanced application of IPv6. The company’s new market share advantage in 985 / 211 colleges and universities is prominent.
(3) Wireless products
The company’s wireless product line focuses on building an intelligent edge network, accelerating the optimization of smart Park solutions from the three levels of edge acceleration, edge perception and edge integration, and continuously maintaining the market leadership. In terms of edge acceleration, Wi Fi 6 AP products have been fully upgraded, supporting 4.8gbps high-speed access, and the performance has been improved by 200%; Launch the next generation full range of wireless controllers for Wi Fi 6, and continue to be the industry leader in the field of wireless controllers. In terms of edge perception, the innovative concept of distributed intelligent operation and maintenance is proposed to reduce the dependence of operation and maintenance on the computing power of the platform and improve the operation and maintenance capacity; The released hes honeycomb edge system supports real-time intelligent applications such as image recognition, event response and security control, and provides stronger edge awareness for industrial solutions such as smart Park, smart manufacturing and smart water conservancy. In terms of edge fusion, Wi Fi 6 + 5 has been launched
