Securities code: Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) securities abbreviation: Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) Announcement No.: 2022015 Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) 2021 annual report summary I. important tips
The summary of this annual report comes 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.
statement
The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities.
All directors have attended the meeting of the board of directors to consider this report.
The audit opinion of Grant Thornton Certified Public Accountants (special general partnership) on the company’s financial report this year is: standard unqualified opinion.
Changes in accounting firm during the reporting period: the accounting firm of the company was changed from Zhitong accounting firm (special general partnership) this year.
Tips on non-standard audit opinions
□ applicable √ not applicable
The company was not profitable at the time of listing and is not profitable at present
□ applicable √ not applicable
The profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors
√ applicable □ not applicable
The company’s profit distribution plan for ordinary shares reviewed and approved by the board of directors is: taking 68614000 as the base, distribute cash dividend of 0.00 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 share (including tax), and increase 4.5 shares for every 10 shares to all shareholders with capital reserve.
Profit distribution plan for preferred shares in the reporting period adopted by the board of directors
□ applicable √ not applicable
2、 Basic information of the company 1. Company profile
Stock abbreviation Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) stock code Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Mu Jinguang Yao Zhenyuan
Office address: Guali Yonglian village, Xiaoshan District, Hangzhou
Fax 0571 – 825653 Sundiro Holding Co.Ltd(000571) – 82565300
Tel: 057182150729
E-mail prevail@prevail -catv. com. prevail@prevail -catv. com.
2. Introduction to main business or products during the reporting period
(I) main products and business model
1. Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) equipment and data communication system
The company is mainly engaged in the R & D, production, sales and technical services of Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) equipment and data communication system. It is a leading provider of overall solutions for Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) equipment and data communication system in China. The company’s main products include cable TV optical fiber transmission equipment, cable TV cable transmission equipment, front-end system and data communication system. The products cover the global Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) mainstream technical solutions, which are mainly used in the transmission network, bidirectional transformation, optimization and upgrading and broadband access in the field of radio and television. Under the policy background of “integration of three networks” and “broadband China”, based on the company’s complete product line, independent research and development and continuous technological innovation ability, provide radio and television operators with Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) equipment and overall solutions of data communication system.
The company’s products are mainly used in the Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) field, and have entered more than 20 provincial platforms across the country. They are widely used in Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) operating companies at all levels, including provincial Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) systems in Beijing, Shanghai, Guangdong, Guangxi, Fujian, Jiangxi, Gansu, Guizhou, Yunnan, Jilin and Henan, as well as cable TV network companies in nearly 1000 prefectures, cities and counties. The company has also actively explored overseas markets, and its products have entered many countries and regions, such as Vietnam, Indonesia, Taiwan, Singapore, Turkey, Russia, the United Kingdom, Germany, the United States and so on.
The company’s main products and services are as follows:
Main business product / service form main purpose
CATV optical fiber transmission equipment optical transmitter, optical receiver, optical amplifier and optical work transmit CATV signals from the front-end machine room to the user terminal station and optical platform through optical fiber
Cable TV cable transmission equipment amplifiers, branch distributors, RF equipment, etc. realize the transmission of cable TV signals and broadband data from the front-end computer room to the user’s home through coaxial cable
Data communication system g / EPON equipment (OLT, ONU) and FTTH Optical Terminal provide users with data access services in Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831)
End (two in one, three in one), EOC equipment, etc
Since its establishment, as an overall solution provider of Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) equipment and data communication system, the company’s main business and main business model have not changed significantly. The company’s main business models are as follows:
(1) Sales model
The company’s sales include Chinese sales and foreign sales. Its sales mode is mainly divided into direct sales mode and distribution mode.
Among them, direct selling in China is a sales mode in which the company directly faces radio and television operators or other equipment integrators, participates in bidding or commercial negotiation in its own name, directly sells products and provides technical services. The company mainly sells its own brands, and a small number of products are sold in the form of ODM. The distribution mode is that the company directly signs a contract with the dealer to sell the products to the dealer to realize the transfer of product risks and responsibilities, and the dealer is responsible for the sales. The company’s sales model to overseas customers is mainly distribution, supplemented by a small amount of direct sales.
(2) Production mode
According to the demand characteristics of downstream customers, the company adopts the production mode of “setting production according to sales” and arranges according to the regional distribution characteristics of order business.
(3) Procurement mode
The main raw materials of the company’s products are photoelectric modules, amplification modules, optical fiber communication modules, detectors, lasers, etc., which are uniformly purchased from suppliers by the company’s procurement department. The company adopts the method of “ordering by production” and formulates the procurement plan according to the production plan and the inventory of materials. The purchase department inquires from qualified suppliers according to the technical standard, model and quantity required by the purchase requisition, issues orders to the selected suppliers after price comparison, tracks the order progress, and stores them after arrival.
2. Network transmission equipment and data communication system for telecom operators
The business of network transmission equipment and data communication system for telecom operators is mainly composed of British pulse communication. The following are the main products and business models of Yingmai communication: Yingmai communication is a high-tech company focusing on the R & D, production, sales and service of broadband access terminals, wireless communication equipment, optical communication equipment and internet intelligent equipment. The company is committed to providing diversified and personalized OEM, ODM or JDM services for network equipment brands, operators, integrators and other customers. The main products include xDSL (xDSL, g.fast) terminal series, optical access (EPON, GPON, 10g PON) terminal series, intelligent wireless (WiFi) and intelligent mobile (4G, 5g) terminal series, set-top box series (OTT, IPTV) and other terminal series (PLC, IPC, intelligent speaker, etc.).
3. Value added telecom business fields such as operation services and content services for telecom operators
Xinwang Zhuoxin, the holding subsidiary of the company, is a comprehensive value-added telecom service provider integrating operation service, content service and marketing service, which is subordinate to the software and information technology service industry. The company provides telecom operators with comprehensive operation services of value-added telecom services such as operation services, content services and marketing services, forming a business system dominated by comprehensive operation services and marketing services, supplemented by content services such as music, e-sports, animation and education. Its subsidiary Hangzhou Yibin Technology Co., Ltd. mainly provides content services of value-added telecom services such as music, e-sports, games and education for telecom operators.
Xinwang Zhuoxin’s customers are mainly for the three major operators and the majority of communication users, providing them with technical support and product services. As a national high-tech enterprise, the company has established differentiated competitive advantages in market segments by virtue of many years of operation experience and technology accumulation, and has cooperated with Zhejiang Telecom, Anhui Telecom, Hunan Telecom, Henan Telecom, Shaanxi Telecom, Hunan Unicom, Chongqing Unicom and other provincial telecom operators, as well as China Mobile Migu music Co., Ltd., China United Network Communications Limited(600050) music operation center Tianyiai music culture and Technology Co., Ltd. and other telecom operators’ value-added service bases have established stable and good cooperative relations.
The main businesses of Xinwang Zhuoxin are as follows:
(1) Operational services
Xinwang Zhuoxin has a professional operation team and independently developed operation tools to provide telecom operators with full personalized and in-depth operation services. The company is mainly engaged in product design, business optimization, portal operation, channel expansion, data mining and other operation services for the music business, video business and e-commerce business of telecom operators according to the actual needs of customers.
(2) Content services
As a content provider, Xinwang Zhuoxin provides telecom operators with value-added telecom service content services including music, e-sports, animation and education. The company provides consumers with value-added telecommunications services such as music, video, animation and education by paying copyright money to content creators or integrating various high-quality content resources in the form of revenue sharing, and accessing mobile networks and IPTV networks through telecom operator platforms.
(3) Marketing services
Based on the self-developed Internet distribution management platform, the company provides integrated marketing services for telecom operators through cooperation with mainstream e-commerce and advertising media platforms of mobile Internet. The service scope includes number card, broadband, traffic package, equity and various value-added services. The service content includes platform development, channel expansion, media delivery, user operation, etc;
The main business models of Xinwang Zhuoxin are as follows:
The operation services provided by Xinwang Zhuoxin are mainly aimed at music business, video business and e-commerce business in value-added telecom business. According to the actual needs of telecom operators in business operation, Xinwang Zhuoxin provides operators with product design, business optimization, portal operation, channel expansion, data mining and other operation services related to this kind of business. For example, music service refers to the value-added telecommunication services provided by telecom operators for end consumers, such as music download, RBT single / music box ordering, etc. By building and operating a music business portal for telecom operators, xinwangzhuoxin obtains operation service income by sharing the information service fee with telecom operators in a certain proportion after the telecom operators charge the end users using music business.
The content service provided by xinwangzhuoxin refers to that xinwangzhuoxin provides end consumers with value-added telecom services such as music, e-sports, animation and education by integrating various content resources such as music, e-sports, animation and education and accessing the mobile network through the telecom operator platform. After telecom operators collect information service fees from end users using value-added telecom services, xinwangzhuoxin obtains business income by sharing the information service fees with telecom operators in a certain proportion.
The marketing service provided by xinwangzhuoxin refers to that xinwangzhuoxin provides integrated marketing services for telecom operators through cooperation with mainstream e-commerce and advertising media platforms of mobile Internet, and provides end consumers with products including number card, broadband, traffic package, rights and interests, etc. After the telecom operator collects the information service fee from the end users using the product, xinwangzhuoxin obtains the corresponding business remuneration from the telecom operator according to the settlement rules agreed by both parties.
(II) position of the company in the industry
The company is a leading provider of overall solutions for Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) equipment and data communication system in China. Its products cover the global Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) mainstream technical solutions, which are mainly used in the construction, bidirectional transformation, optimization and upgrading of radio and television transmission network. Under the policy background of “integration of three networks” and “broadband China”, based on the company’s complete product line, independent research and development and continuous technological innovation ability, the company is an industry leader in providing cable TV network equipment and overall data communication system solutions for radio and television operators. As a national high-tech enterprise, the company has always taken independent R & D as the core development strategy, set up R & D bases in Hangzhou and Chengdu, and has an experienced R & D technology team with strong innovation ability. The company has a perfect modern enterprise management system, pursues the quality policy of “excellence and quality first”, and takes the lead in passing the certification of ISO9001 quality management system, ISO14001 environmental management system and OHSAS18001 occupational health and safety management system in the same industry in China. With years of rich accumulation in the cable TV equipment manufacturing industry, the company’s R & D level, product technology and performance are in a leading position in the same industry in China. 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
