Company code: Shenzhen Jpt Opto-Electronics Co.Ltd(688025) company abbreviation: Shenzhen Jpt Opto-Electronics Co.Ltd(688025) Shenzhen Shenzhen Jpt Opto-Electronics Co.Ltd(688025) North Electro-Optic Co.Ltd(600184) Co., Ltd
Annual report for 2021
Important tips
1、 The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2、 Unprofitable and unprofitable when the company is listed □ yes √ no III. tips on major risks
(1) The international trade environment has a great impact on the company’s operation.
In recent years, the uncertainty of the international trade environment has increased, the anti globalization trade doctrine has further spread, and some countries have taken trade protection measures, which has a certain impact on the development of some industries in China. The integrated circuit industry has the typical characteristics of global division of labor and cooperation. If there are major adverse changes in the international trade environment, further escalation of trade frictions between countries and regions, and continuous warming of Global trade protectionism, it may have an adverse impact on the production and operation of companies upstream and downstream of the integrated circuit industry chain, resulting in an increase in transaction costs upstream and downstream of the industry chain, which may have an adverse impact on the operation of the company.
(2) Technology upgrade iteration risk
Laser related industries are developing rapidly. Enterprises need to maintain or improve product performance and technical level through continuous technological upgrading iterations. The company has the risk of reducing product competitiveness because the iterative speed of technological upgrading is slower than the industrial development speed.
(3) R & D failure risk
Laser and laser / optical intelligent equipment are technology intensive products. When the company develops new products according to the market and customer needs, there is a risk of R & D failure due to failure to correctly understand the development trend of the industry and related core technologies or failure to make progress in new products, new processes, new materials and other fields.
(4) Risks such as failure of technology to form products or realize industrialization
Laser and laser / optical intelligent equipment need more implementation experience from technology to application. The technology developed by the company has the risk of not forming products or realizing industrialization due to factors such as poor stability, difficult application, high cost and mismatch with the needs of downstream customers.
(5) The customer concentration is high and the laser / optical intelligent equipment business has the risk of dependence on key customers
Due to the fierce competition in downstream industries, macroeconomic fluctuations, technological upgrading and other factors, the demand of key customers is constantly changing and increasing. If key customers reduce the purchase volume of the company’s products due to the selection of other suppliers in the future, it may have a great adverse impact on the sales revenue, gross profit margin, net profit and other indicators of the company’s overall business.
(6) Risk of brain drain
Talent is the core of the technology development related to laser and laser / optical intelligent equipment. Due to the small overall scale of the company, the company has the risk of slowing down the technology development due to the brain drain.
(7) Risk of increase in net accounts receivable and decrease in turnover rate
The net accounts receivable of the company at the end of 2020 and 2021 were 2296531 million yuan and Gemac Engineering Machinery Co.Ltd(301048) 5 million yuan respectively, accounting for 12.80% and 18.39% of current assets respectively, and the net accounts receivable increased; The turnover rates of accounts receivable in 2020 and 2021 were 3.64 and 4.52 respectively. The company has the risk that the company’s funds cannot be recovered and bad debt losses will occur due to the default of customers’ accounts receivable (including customers’ intentional arrears of accounts payable, customers’ poor operating performance and insolvency, etc.). 4、 All directors of the company attended the board meeting. 5、 Grant Thornton Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company.
6、 Huang Zhijia, the person in charge of the company, Liu Jian, the person in charge of accounting, and Yang LANGXIAN, the person in charge of the accounting organization (the person in charge of Accounting), made a statement to ensure that the financial report in the annual report is true, accurate and complete. 7、 The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
According to the audit of Zhitong Certified Public Accountants (special general partnership), as of December 31, 2021, the profit available for distribution at the end of the period of Shenzhen Shenzhen Jpt Opto-Electronics Co.Ltd(688025) North Electro-Optic Co.Ltd(600184) Co., Ltd. (hereinafter referred to as “the company”) was 17812535379 yuan. According to the resolution of the board of directors, the company plans to distribute profits based on the total share capital registered on the date of equity distribution in 2021. The profit distribution plan is as follows:
The company plans to distribute a cash dividend of 3.00 yuan (including tax) to all shareholders for every 10 shares. Based on the total share capital of 92865576 shares of the company as of March 31, 2021, the total cash dividend to be distributed is 278596728 yuan (including tax). The amount of cash dividends of the company in this year accounts for 30.51% of the net profit attributable to shareholders of Listed Companies in the consolidated statements of the company in 2021.
If the total share capital of the company changes from the date of disclosure of this announcement to the date of equity distribution and equity registration, due to the conversion of convertible bonds into shares, share repurchase and cancellation, share repurchase and cancellation of equity incentive grant, and share repurchase and cancellation of major asset restructuring, the company plans to maintain the total amount of distribution unchanged and adjust the distribution proportion per share accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
The company’s profit distribution plan for 2021 has been deliberated and approved at the 42nd meeting of the second board of directors and needs to be submitted to the general meeting of shareholders for deliberation. 8、 Whether there are important matters such as special arrangements for corporate governance □ applicable √ not applicable IX. risk statement of forward-looking statements √ applicable □ not applicable. Forward looking statements such as future plans and development strategies involved in this report do not constitute the company’s substantive commitment to investors. Please pay attention to investment risks. 10、 Whether there is any non operational occupation of funds by the controlling shareholders and their related parties no Xi. Whether there is any external guarantee in violation of the specified decision-making procedures no XII. Whether more than half of the directors cannot guarantee the authenticity, accuracy and completeness of the annual report disclosed by the company no XIII. Others □ applicable √ not applicable
catalogue
Section 1 interpretation Section 2 company profile and main financial indicators Section III Management Discussion and Analysis Section IV corporate governance 39 Section V environment, social responsibility and other corporate governance 56 section VI important matters Section VII changes in shares and shareholders Section 8 preferred shares Section IX relevant information of corporate bonds 92 section x financial report ninety-two
Financial statements containing the signatures and seals of the person in charge of the company, the person in charge of accounting work and the person in charge of accounting organization (the person in charge of the catalogue of documents for future reference).
The original audit report with the signature and seal of the certified public accountant.
Originals of all company documents and announcements publicly disclosed during the reporting period.
Section I interpretation
1、 Interpretation in this report, unless the context otherwise requires, the following words have the following meanings: Interpretation of common words
Shenzhen Jpt Opto-Electronics Co.Ltd(688025) , the company refers to Shenzhen Shenzhen Jpt Opto-Electronics Co.Ltd(688025) North Electro-Optic Co.Ltd(600184) Co., Ltd
Company, parent company
Huizhou Shenzhen Jpt Opto-Electronics Co.Ltd(688025) refers to Huizhou Shenzhen Jpt Opto-Electronics Co.Ltd(688025) Electronic Technology Co., Ltd., a wholly-owned subsidiary of the company
Dongguan Shenzhen Jpt Opto-Electronics Co.Ltd(688025) refers to Dongguan Shenzhen Jpt Opto-Electronics Co.Ltd(688025) Photoelectric Technology Co., Ltd., a wholly-owned subsidiary of the company
Singapore Shenzhen Jpt Opto-Electronics Co.Ltd(688025) , Singapore Shenzhen Jpt Opto-Electronics Co.Ltd(688025) electronics Pte.Ltd., a wholly-owned subsidiary of JPT Singapore
Japan Shenzhen Jpt Opto-Electronics Co.Ltd(688025) , Japan refers to JPT Japan Co., Ltd., a subsidiary of the company
JPT
South Korea Shenzhen Jpt Opto-Electronics Co.Ltd(688025) refers to JPT optoelectronics Korea Co., Ltd., a wholly-owned subsidiary of the company
Huajie software refers to Shenzhen Huajie Software Technology Co., Ltd., a wholly-owned subsidiary of the company
Huapu software refers to Shenzhen Huapu Software Technology Co., Ltd., a wholly-owned subsidiary of the company
Tongju consulting refers to Shenzhen Tongju consulting management enterprise (general partnership)
Company a refers to Apple Inc. and its subsidiaries
Singapore hylax refers to hylax Technology Pte Ltd, a company acquired by Singapore Shenzhen Jpt Opto-Electronics Co.Ltd(688025) which is a wholly-owned subsidiary of the company
Taide laser refers to Shenzhen Taide Laser Technology Co., Ltd. and its subordinate enterprises
Shenzhen United Winners Laser Co.Ltd(688518) refers to Shenzhen United Winners Laser Co.Ltd(688518) and its subordinate enterprises
Everbright laser refers to Shenzhen Everbright Laser Technology Co., Ltd. and its subordinate enterprises
AMS means AMS AG
STMicroelectronics means STMicroelectronics
Lgit refers to LG Innotek Co., Ltd
Kamaya means kamaya Electric Co., Ltd
Guoju Co., Ltd. refers to Guoju Co., Ltd. and its subordinate enterprises
Housheng electronics refers to Housheng Electronic Industry Co., Ltd. and its subordinate enterprises
Qiankun technology refers to cyntec Co., Ltd. and its subsidiaries
Huaxin technology refers to Huaxin Technology Co., Ltd. and its subordinate enterprises
Senior managers refer to the general manager, deputy general manager, Secretary of the board of directors, financial person in charge, etc
Management refers to directors, supervisors and senior managers
Cheng Xueping refers to Cheng Xueping
CSRC refers to the China Securities Regulatory Commission
meeting
Exchange and Shanghai Stock Exchange refer to Shanghai Stock Exchange
State Administration of taxation means the State Administration of Taxation of the people’s Republic of China
Sponsor refers to China International Capital Corporation Limited(601995)
Person China International Capital Corporation Limited(601995)
Company Law refers to the company law of the people’s Republic of China
Securities Law refers to the securities law of the people’s Republic of China
The articles of association refers to the articles of association of Shenzhen Shenzhen Jpt Opto-Electronics Co.Ltd(688025) North Electro-Optic Co.Ltd(600184) Co., Ltd
The articles of Association (Draft) refers to the articles of Association (Draft) of Shenzhen Shenzhen Jpt Opto-Electronics Co.Ltd(688025) North Electro-Optic Co.Ltd(600184) Co., Ltd
(case)
The reporting period refers to the period from January 1, 2021 to December 31, 2021
Yuan, 10000 yuan and 100 million yuan refer to RMB yuan, 10000 yuan and 100 million yuan
Singapore dollar and Singapore dollar refer to Singapore dollar
Laser refers to the beam generated by particle stimulated radiation. It has the characteristics of good monochromaticity, coherence, directivity and high energy density. It is widely used in various industrial manufacturing fields
Laser and laser light source refer to the devices that produce and output laser. They are the basis of laser and its technical application and the core devices of laser processing system equipment
Laser / optical intelligent equipment refers to laser / optical equipment with the functions of perception, analysis, reasoning, decision-making and control. It is the integration and deep integration of advanced manufacturing technology, information technology and intelligent technology
Fiber laser refers to the laser using rare earth element doped glass fiber as gain medium. It has the advantages of high electro-optic conversion efficiency, high reliability and simple structure
Solid state laser refers to a laser that uses solid materials as working materials
Ultrafast laser refers to a laser with a pulse width of picosecond or femtosecond
YAG refers to yttrium aluminum garnet crystal, a solid-state laser crystal
Working material refers to laser medium with metastable energy level structure
Pump source refers to a device that provides energy to realize the inversion distribution of particle number in working material between different energy levels
Pulse width refers to the duration when the laser power is maintained at a certain value
MOPA refers to the master oscillator power amplifier
MOPA pulse fiber laser refers to the fiber laser with MOPA structure scheme. The pulse width of the laser output by this type of laser can be flexibly adjusted according to the user’s requirements
Pulsed fiber laser means that the output is in the form of pulse
