Henan Kaiwang Electronic Technology Co., Ltd
Annual report for 2021
2022029
April 2022
Section I important tips, contents and definitions
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.
Chen Haigang, the person in charge of the company, Shao zhenkang, the person in charge of accounting, and Li Fuxuan, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in this annual report.
All directors have attended the meeting of the board of directors to consider this report.
The company invites investors to carefully read the full text of this annual report and pay special attention to the following risk factors. (I) customer concentration and major customer dependence risk are affected by the high market concentration of China's security industry, and the company's customer concentration is high. During the reporting period, the sales revenue of the company's top five customers accounted for 89.97% of the operating revenue, of which the sales revenue from Hangzhou Hikvision Digital Technology Co.Ltd(002415) the largest customer accounted for 46.02% of the operating revenue. Affected by the expansion speed of the company's production scale, the company expects that there will still be concentrated sales to major customers in a certain period of time in the future; If the business conditions of the company's main customers have significant adverse changes or other factors lead to the decline of their demand for the company's products, or the company's products cannot meet the needs of customers due to the quality and speed of delivery, which may have a significant adverse impact on the company's business performance.
(II) risk of rising raw material prices during the reporting period, the company's direct materials accounted for 49.19% of the main business costs, and the rising prices of main raw materials will have an adverse impact on the company's operating performance. Since 2021, the main raw materials used in the company's production, such as copper, rubber and other bulk commodities, have increased rapidly, which will increase the company's production cost. If the company fails to transmit the risk of rising raw materials to downstream customers in time, it will not be conducive to cost control, which will have an adverse impact on the company's profitability.
(III) during the reporting period, the amount of employee compensation accrued by the company was 1 Urovo Technology Co.Ltd(300531) 00 yuan, accounting for 21.13% of the current operating income. With the development of economy, the rising cost of living and the competition of competitors for talents, the rising trend of labor cost is inevitable. With the expansion of business scale, the company's demand for human resources will continue to increase. If the company's labor cost increases too fast in the future, it will have an adverse impact on the company's business performance.
(IV) market competition risk has gradually shifted to the mainland of China as the international connector industry gradually shifts to the Chinese mainland. China has become the largest connector production base in the world. In recent years, although the market share of the connector in the security equipment area is showing a rapid growth trend, due to the small scale of the production enterprises, the connector manufacturers in the field of security equipment are facing fierce competition. If the company cannot maintain the stability of product quality, rapid order delivery ability and product innovation and R & D ability in the future to meet the diversified and customized needs of customers, it may lead to the decline of the company's market competitiveness and have an adverse impact on the company's performance.
(V) risk of decline in gross profit margin during the reporting period, the company increased the gross profit margin of its main business by continuously developing new products, strengthening production management and controlling production costs. The gross profit margin of its main business was 19.90%. If the company cannot continuously improve technological innovation, develop new products, strictly control production costs, or competitors compete for the market by reducing the selling price, the company will face the risk of reducing the gross profit margin of products.
The profit distribution plan approved by the board of directors is: Based on the number of share capital on the equity registration date when the company implements the profit distribution plan, the company will distribute cash dividends of 3.00 yuan (including tax) to all shareholders for every 10 shares, give bonus shares of 0 shares (including tax), and transfer capital reserve to all shareholders for every 10 shares.
catalogue
Section I important tips, contents and definitions Wrong! No bookmarks defined. Section II Company Profile and main financial indicators Wrong! No bookmarks defined. Section III Management Discussion and Analysis Wrong! No bookmarks defined. Section IV corporate governance Wrong! No bookmarks defined. Section V environmental and social responsibility Wrong! No bookmarks defined. Section VI important matters Wrong! No bookmarks defined. Section VII changes in shares and shareholders Wrong! No bookmarks defined. Section 8 preferred shares Wrong! No bookmarks defined. Section IX relevant information of bonds Wrong! No bookmarks defined. Section x financial report Wrong! No bookmarks defined.
Directory of documents for future reference
1. The text of the 2021 annual report with the signature of the legal representative; 2. The text of the financial statements containing the signatures and seals of the person in charge of the unit, the person in charge of accounting work and the person in charge of the accounting institution; 3. The original of the audit report with the seal of the accounting firm and the signature and seal of the certified public accountant; 4. Originals of all company documents and announcements publicly disclosed on the website designated by the CSRC during the reporting period; 5. Other relevant materials; Location of the above documents for reference: Securities Office of the company
interpretation
Explanatory item refers to the explanatory content
The company, the company and Kaiwang technology refer to Henan Kaiwang Electronic Technology Co., Ltd
Kaiwang Co., Ltd. refers to Zhoukou Kaiwang Electronic Technology Co., Ltd., which is the predecessor of Kaiwang technology
Kaiwang precision refers to Zhoukou Kaiwang Precision Industry Co., Ltd., which is a wholly-owned subsidiary of the company
Gangrun precision refers to Zhoukou Gangrun Precision Industry Co., Ltd., which is a wholly-owned subsidiary of the company
Shenzhen Kaiwang refers to Shenzhen Kaiwang Electronics Co., Ltd., which is a wholly-owned subsidiary of the company
Haixin precision refers to Zhoukou Haixin Precision Industry Co., Ltd., which is a wholly-owned subsidiary of the company
Chongqing Hangda refers to Chongqing Hangda Electronics Co., Ltd., which is a wholly-owned subsidiary of the company
Kaicheng precision refers to Zhoukou Kaicheng Precision Industry Co., Ltd., which is a wholly-owned subsidiary of the company
Kaiwang Research Institute refers to Henan Kaiwang New Material Research Institute Co., Ltd., which is a wholly-owned subsidiary of the company
Yuan, 10000 yuan and 100 million yuan refer to RMB yuan, 10000 yuan and 100 million yuan
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
Listing Rules refers to the Listing Rules of Shenzhen Stock Exchange gem
The "guidelines for standardized operation" refers to the "guidelines for self regulatory supervision of listed companies No. 2 - standardized operation of GEM listed companies"
CSRC refers to the China Securities Regulatory Commission
Shenzhen stock exchange refers to Shenzhen Stock Exchange
The reporting period refers to the period from January 1, 2021 to December 31, 2021
It refers to a kind of connector of information socket (i.e. communication outlet) in wiring system. The connector is composed of plug RJ45 (connector, crystal head) and socket (module), and the plug has 8 contacts.
Protection security level: IP is progress protection rating (or international)
IP67 refers to the abbreviation of protection code, which defines the protection ability of an interface against liquid and solid particles.
BNC refers to the connector between the wire and the camera used for the output of camera equipment in the monitoring project.
PCs refers to the abbreviation of piece, including number, pieces and sets. The plural is pieces, abbreviated as PCs.
IP camera is a digital device based on network transmission. In addition to the ordinary multi IP camera pointing video signal output interface BNC, the network camera also has a network output interface, which can directly connect the camera to the local LAN.
International automotive task force is a specialized organization established in 1996 by the world's major IATF automobile manufacturers and associations. Based on the combination with ISO90012000 standard and the approval of ISO / TC176, the
ISO / TS169492002 this specification. It was updated to ISO / TS169492009 in 2009, and the latest standard currently implemented is iatf169492016.
Universal serial bus, i.e. universal serial bus, refers to the connector series conforming to the usbusb interface series standard in this prospectus, which is suitable for data transmission and exchange between consumer electronic products and other mobile storage devices and entertainment devices.
Polyvinyl chloride is vinyl chloride monomer (VCM), which refers to the initiator such as peroxide and azo compound; Or a polymer polymerized according to the reaction mechanism of free radical polymerization of PVC under the action of light and heat. PVC was once the world's largest general-purpose plastic, which was widely used.
Serial advanced technology attachment refers to serial advanced technology attachment, a serial hardware driver interface based on SATA industry standard.
Refers to the fifth generation mobile communication technology, referred to as 5g or 5g technology, which is the latest generation of cellular mobile communication 5g
