Annual Report
(H Share Stock Code: 0 5 5 3)
(A Share Stock Code: 600775)
Contents
SECTIONVIII INFORMATIONONPREFERREDSHARES ....................................... SECTION IX INFORMATIONONCORPORATEBONDS ....................................... SECTION X FINANCIALREPORT .....................................................
SECTION I | DEFINITIONS ........................................................... | 2 |
SECTION II | COMPANY PROFILE AND MAJOR FINANCIAL INDICATORS . . . . . . . . . . . . . . . . . . . . . . . . . . | 5 |
SECTION III | MANAGEMENTDISCUSSIONANDANALYSIS ................................... | 11 |
SECTION IV | CORPORATEGOVERNANCE ................................................ | 61 |
SECTION V | ENVIRONMENTALANDSOCIALRESPONSIBILITY ................................. | 102 |
SECTION VI | SIGNIFICANTEVENTS .................................................... | 106 |
SECTION VII | CHANGES IN SHARES AND INFORMATION OF SHAREHOLDERS . . . . . . . . . . . . . . . . . . . . . . | 137 |
148 | ||
149 | ||
150 |
DOCUMENTS AVAILABLE FOR INSPECTION
1. Original financial statements signed and sealed under the hand of the head of the Company, the chief accountant and the head of the accounting department (accounting supervisor) of the Company.
2. Original copy of audit report sealed by the accounting firm, and signed and sealed under the hand of the certified public accountants.
3. Original copies of all documents and announcements of the Company publicly disclosed on websites designated by the CSRC during the Reporting Period.
4. This report is prepared in both Chinese and English. In the event of any discrepancy between the two versions, the Chinese version shall prevail.
IMPORTANT NOTICE
1. The board of directors, the supervisory committee and the directors, supervisors and senior management of the Company confirm that the information contained in this annual report is true, accurate and complete without any misrepresentation, misleading statements, or material omissions, and severally and jointly accept legal responsibility for the contents herein.
2. All directors of the Company attended the sixth meeting of the tenth session of the Board of the
Company held on 30 March 2022.
3. BDO China Shu Lun Pan Certified Public Accountants LLP issued an unqualified auditors' report for the Company. The Company's financial statements for the year were prepared in accordance with the PRC Accounting Standards for Business Enterprises, and complied with the Hong Kong Companies Ordinance and the disclosure requirements of the Hong Kong Stock Exchange Listing Rules.
4. Mr. Xia Dechuan, the head of the Company, Mr. Hu Dali, the chief accountant, and Ms. Liu Xianfang, the head of the accounting department (accounting supervisor) of the Company, declared that they confirmed the truthfulness, accuracy and completeness of the financial report contained in this annual report.
5. Proposal of profit distribution or capitalization of capital reserves of the Company for the reporting period considered by the Board: To distribute a cash dividend of RMB0.14 (tax inclusive) for every ten shares to all the shareholders on the basis of a total share capital of 913,838,529 shares as at 31 December 2021, with the total cash dividend to be distributed amounting to RMB12,793,739.41 (tax inclusive), and the balance to be carried forward to next year. The Company would not make any capitalization of capital reserve.
6. Forward looking statements, including future plans and development strategies, contained in this annual report do not constitute a substantive commitment to investors by the Company. Investors are advised to pay attention to investment risks.
7. Neither the Company's controlling shareholder nor any of its related parties have misappropriated the Company's funds for non-operating purposes.
8. The Company did not provide external guarantees in violation of any specified decision-making procedures.
9. The situation where the majority of the directors cannot warrant the authenticity, accuracy and completeness of the information contained in the annual report does not exist.
10. Major risk warning: The Company has elaborated the potential risks in this annual report. For their details and the corresponding countermeasures, please refer to the paragraph headed "Potential Risks" under Section III "Management Discussion and Analysis" in this annual report.
Definitions
I.
Definitions
Unless the context otherwise requires, the following terms should have the following meanings in this report:
Definitions of frequently-used terms
Company/Nanjing Panda | Nanjing Panda Electronics Company Limited€یԯဤ䊅ཥɿٰ΅Ϟࠢʮ |
̡ | |
Group | Nanjing Panda Electronics Company Limited and its subsidiaries |
PEGL | Panda Electronics Group Limited€ဤ䊅ཥɿණྠϞࠢʮ̡ |
PEGL Group | Panda Electronics Group Limited and its subsidiaries |
NEIIC | Nanjing Electronics Information Industrial Corporation€یԯʕཥဤ䊅ڦ |
ࢹପุණྠϞࠢʮ̡ | |
NEIIC Group | Nanjing Electronics Information Industrial Corporation and its subsidiaries |
CEC | China Electronics Corporation€ʕཥɿڦࢹପุණྠϞࠢʮ̡ |
CEC Group | China Electronics Corporation and its subsidiaries |
Financial Company | China Electronics Financial Co., Ltd.€ʕཥɿৌਕϞࠢபʮ̡ |
CEC Home Appliances | Nanjing CEC-Panda Home Appliances Co., Ltd.€یԯʕཥဤ䊅ཥϞࠢ |
ʮ̡ | |
ENC | Nanjing Ericsson Panda Communication Co., Ltd.€یԯฌͭڦဤ䊅ஷڦ |
Ϟࠢʮ̡ | |
LG-Panda | Nanjing LG-Panda Appliances Co., Ltd.€یԯᆀږဤ䊅ཥኜϞࠢʮ̡ |
Shenzhen Jinghua | Shenzhen Jinghua Electronics Co., Ltd.€ଉέ̹ԯശཥɿٰ΅Ϟࠢʮ̡ |
Electronics Equipment | Nanjing Panda Electronics Equipment Co., Ltd.€یԯဤ䊅ཥɿༀ௪Ϟࠢʮ |
Company | ̡ |
Information Industry | Nanjing Panda Information Industry Co., Ltd.€یԯဤ䊅ڦࢹପุϞࠢʮ |
Company | ̡ |
Definitions (Continued) | |
Electronic Manufacture | Nanjing Panda Electronic Manufacture Co., Ltd.€یԯဤ䊅ཥɿႡிϞࠢ |
Company | ʮ̡ |
Communications Technology | Nanjing Panda Communications Technology Co., Ltd.€یԯဤ䊅ஷڦ߅ |
Company | ҦϞࠢʮ̡ |
Technology Development | Nanjing Panda Electronic Technology Development Company Limited€ی |
Company | ԯဤ䊅ཥɿ߅Ҧ೯࢝Ϟࠢʮ̡ |
Network Energy Company | an internal unincorporated entity under Nanjing Panda Electronics |
Company Limited | |
Huage Plastic | Nanjing Huage Appliance and Plastic Industrial Co., Ltd.€یԯശࣸཥӛ |
෧ุϞࠢʮ̡ | |
China Huarong | China Huarong Asset Management Co., Ltd.€ʕശፄ༟ପ၍ଣٰ΅Ϟ |
ࠢʮ̡ | |
the Ministry of Finance | the Ministry of Finance of the People's Republic of China |
CSRC | China Securities Regulatory Commission |
SFC | Securities and Futures Commission of Hong Kong |
Shanghai Stock Exchange | Shanghai Stock Exchange |
Hong Kong Stock Exchange | The Stock Exchange of Hong Kong Limited |
CSRC Jiangsu Bureau | Jiangsu Securities Regulatory Bureau of China Securities Regulatory |
Commission | |
Company Law | Company Law of the People's Republic of China |
Securities Law | Securities Law of the People's Republic of China |
Articles of Association | Articles of Association of Nanjing Panda Electronics Company Limited |
AFC | Auto Fare Collection |
ACC | AFC Clearing Center |
NCC | Network Control Center |
EMS | Electronic Manufacturing Services |
Definitions (Continued)
ODM | Original Design Manufacturer |
MES system | Manufacturing Execution System, a management system of information |
based production aiming at execution on plant floors of manufacturers | |
LTE/Tetra | LTEjLong Term Evolution, the standard for 4G wireless broadband |
technology | |
TetrajTerrestrial Trunked Radio | |
ERP | Enterprise Resource Planning, providing a management platform of |
decision-making operation solutions for enterprise management team | |
and employees with systematic management idea on the basis of the | |
information technology | |
SAP-ERP | SAP (System Applications and Products), a software company in |
Germany; SAP-ERP, generally referring to the ERP products under SAP | |
CNAS | China National Accreditation Service for Conformity Assessment |
CMMI | Capability Maturity Model Integration |
IATF16949 | International Automotive Task Force IATF16949 is the quality |
management system standard in automotive industry | |
iManuf | iManuf is a registered trademark of the Company's intelligent |
manufacturing system platform |
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Nanjing Panda Electronics Company Ltd. published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 01:21:08 UTC.