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富智康集团(02038) - 2021 - 年度财报
2022-04-13 08:28
Financial Performance - The revenue for the year 2021 was $8,583 million, a decrease of $352 million or 3.9% compared to $8,935 million in 2020[7]. - The profit attributable to the owners of the company increased to $56.3 million in 2021, compared to a loss of $173.9 million in 2020[7]. - The basic earnings per share for 2021 was 0.7 cents[7]. - The financial performance for the year ended December 31, 2021, has been audited and is detailed in the consolidated financial statements[24]. - The net profit for the period was $56.4 million, a significant improvement from a net loss of $173.8 million in the previous year[131]. - The gross profit for the period was $224.4 million, an increase of $129.2 million compared to the same period last year, with a gross margin of 2.6%, up from 1.07% year-on-year[139]. - The company reported a consolidated revenue of $8,583 million, a decrease of $352 million or 3.9% compared to $8,935 million in the same period last year[154]. - The group’s Asian segment generated operating revenue of $6,576 million, a decrease of 16.7% from $7,891 million in the same period last year, while profit increased to $126 million from $78 million[159][161]. Strategic Focus and Growth Plans - The company aims to focus on both revenue growth and net profit improvement, particularly in low-risk orders from reputable clients[7]. - The company plans to diversify into new fields such as IoV (Internet of Vehicles), IoT (Internet of Things), AR/VR (Augmented Reality/Virtual Reality), AI (Artificial Intelligence), and big data[7]. - The company is committed to optimizing costs and enhancing supply chain management as part of its growth and diversification strategy[29]. - The company is considering strategic acquisitions to enhance its product offerings and market presence[20]. - The company is focusing on expanding its OEM business and enhancing its manufacturing operations in regions such as Beijing, Langfang, and India[14]. - The company is actively involved in the development of smart factory projects under the Industry 4.0 initiative, aiming to improve production quality and reduce costs[14]. - The company is focusing on maintaining a competitive advantage through global expansion in India and Vietnam, cost competitiveness, and rapid product development cycles[46]. - The company is focusing on deep engineering services and complex smartphone product launches to meet the demands of high-potential customers[175]. Operational Efficiency and Cost Management - The company will continue to enhance efficiency and return rates while controlling overall costs and operating expenses to mitigate profit decline pressures[8]. - The company is implementing a light-asset strategy and reallocating resources to productive assets to strengthen its competitive position[6]. - The company is committed to improving internal operational efficiency and reducing manufacturing costs through better supply chain and quality management[144]. - The group aims to enhance automation, optimize asset utilization, and control manufacturing overheads to improve efficiency and maintain stable returns[157]. - The group is focusing on maintaining a lean and asset-light business model, prioritizing profit margin improvement over revenue growth[158]. - The company has implemented various strategies to mitigate component shortages, including closer communication with suppliers and adjusting procurement cycles[114]. Market Trends and Challenges - The global smartphone market shipped 1.35 billion units in 2021, reflecting a conservative year-on-year growth rate of 5.7% compared to 2020, amid ongoing component shortages and rising logistics costs[40]. - The ongoing global semiconductor shortage is expected to impact the supply of common electronic components, with price increases and extended order times anticipated to persist into 2022[44]. - The smartphone market has faced challenges with a decline in global shipments for five consecutive years since 2016, exacerbated by component shortages and the COVID-19 pandemic[154]. - The semiconductor supply shortage is anticipated to persist, with analysts predicting that supply chain delays caused by COVID-19 will last at least another year[163]. - The competitive landscape is shifting as several competitors are expanding into high-margin and high-growth businesses outside of mobile products[185]. Employee and Corporate Culture - The company expresses gratitude to its employees for their resilience and teamwork in facing unprecedented challenges in 2021[10]. - The company emphasizes employee training and development, with a focus on enhancing skills and productivity, particularly in its Indian facility, which offers better promotion opportunities and salary increases than industry standards[121]. - The company has created a positive corporate culture that fosters creativity and innovation among employees, supporting collaboration with clients and startups[123]. - The company has focused on attracting and retaining skilled employees by offering competitive compensation and a supportive work environment[120]. Research and Development - The company is investing in new technology development, allocating $50 million towards R&D initiatives[20]. - The company is committed to improving its research and development capabilities to meet the evolving needs and product design requirements of its customers[41]. - The company has invested resources to enhance R&D capabilities in mobile devices, particularly in cellular embedded products, and successfully entered the U.S. market in 2021[54]. - The group is focusing on vertical integration and optimizing production capacity in China, India, and Vietnam to develop new IoT and automotive electronic products[190]. Supply Chain and Logistics - The company has faced operational challenges due to the COVID-19 pandemic, which has impacted its overall performance and profitability during the reporting period[27]. - The logistics costs for exporting goods from China to Europe and the US have significantly increased due to a shortage of truck drivers in Europe, exacerbating delivery issues and leading to higher product prices[34]. - The company has implemented emergency plans to mitigate supply chain risks and has reserved additional inventory beyond demand[104]. - The impact of power outages in certain regions of China has caused disruptions in the supply chain, but the situation has gradually improved over time[111]. Market Expansion and Customer Base - The company is actively expanding its customer base by identifying new clients with strong market growth potential and financial stability to reduce risk concentration[54]. - The company is exploring opportunities to export products to overseas markets, including the Middle East and Africa, where mobile penetration rates are significantly below the global average[96]. - The smartphone market in India saw a significant year-on-year shipment increase of 42.3% in the first half of 2021, reaching a record of 72 million units shipped[47]. - The group’s sales in India accounted for approximately 27% of total sales during the period, highlighting significant growth in the Indian market[167].
富智康集团(02038) - 2020 - 年度财报
2021-04-20 09:37
FIH 富智康" 富智康集團有限公司 (在開曼群島註冊成立的有限公司) 股份代號 : 2038 ungmommun 目錄 公司資料 2 本年報以環保紙印製 nningmum mmminna 主席報告書 3 董事及高級管理層資料簡介 5 董事會報告書 9 獨立核數師報告書 87 綜合損益及其他全面收益表 92 綜合財務狀況報表 94 綜合權益變動表 96 綜合現金流量表 97 綜合財務報表附註 99 財務概要 171 企業管治報告書 172 企業管治報告書 172 解以環保紙印製 公司資料 富智康集團有限公司(「本公司」,連同其附屬公司,統稱「本集團」) (「我們」及 「我們的」指 「本公司」或「本公司的」(視情況而定)。) | --- | --- | |--------------------------------|-------------------------------| | | | | | | | 執行董事 | 主要往來銀行 | | 池育陽(代理主席兼行政總裁) | 中國農業銀行 | | 郭文義 | 北京銀行 | | 孟效義 | 中國銀行 | | | 交通銀行 | | 獨立非執行董事 | 廣發銀行 ...