Shenzhen Topband Co., Ltd.
Annual Report 2021
Topband's investor relations mini-program
March 2022
Section I Important Notes, Contents and Definitions
The Board of Directors, the Board of Supervisors and directors, supervisors and senior
executives of the Company hereby assure that the content set out in the Annual Report is true,
accurate and complete.It shall be free from false records, misleading statements or major omissions,
and shall bear individual and joint legal liabilities therein.
Wu Yongqiang, the principal of the Company, Xiangwei, accounting head, and Luo Muchen,
accounting department head (the person in charge of accounting department) hereby guarantee the
truth, accuracy and completeness of the financial report in this annual report.
All directors have attended the Board meeting at which the Report was scrutinized.
There is no significant risk affecting the financial condition and sustainable profitability of the
Company, but there may be risks of declining market demand, increased competition in the industry,
raw material price fluctuations, changes in export tax rebate policy and foreign exchange rate
fluctuations due to the macro environment home and abroad. For detailed risk warnings, please
refer to the “Possible Risk Factors” in Section III of this report and investors are advised to pay
attention to investment risks.
The profit distribution plan approved by the Board of Directors was as follows: based on
1,256,978,072 shares, a cash dividend of 0.50 yuan (tax included) for every 10 shares should be
distributed to all shareholders, with 0 bonus shares (tax included) and no capital increase by way of
transfer of reserved funds. If the total share capital of the Company changed due to the share
repurchase, exercise of stock options and other reasons before the implementation of the profit
distribution plan, the total amount of distribution should be adjusted accordingly in the principle
that the distribution ratio per share remains unchanged. Investors are advised to pay attention to the
risk that the total distribution may be adjusted due to changes in total share capital.
This report has been prepared in Chinese and translated into English. Should there be any
discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.
Chairman’sAddress
Dear shareholders and all friends who care about Topband:
Topband is a technical company always insisting on one thing - providing customers with
intelligent control solutions to benefit everyone based on the core technology of "electronic control,
motor, battery, power supply and Internet of Things platform".
All employees made hard efforts in 2021 in the face of many challenges from the external
environment. Customers and suppliers gave great trust to us. Finally, the Company exceeded the
revenue target set at the beginning of the year and ensured the supply to customers.
Co-creation and sharing of values, and common construction of sustainable ecology . For
a long time, Topband has adhered to the core values of "accomplishing customers and achieving
common development" and the concept of "equality, health, fairness and justice", and has been
working with industrial chain partners to build sustainable development of ecology, achieving
mutual benefit and common growth. In 2021, the supply side faced severe difficulties, i.e. the
shortage of raw materials accompanied by the price increase. We formulated the priority supply
guarantee strategy quickly to ensure the delivery of customer orders by stocking in advance and
stock allocation at high prices, and provided supplier empowerment training. Although we lost
some profits, we won the trust and support of customers and suppliers. We believe that the more we
are in danger, the more we should show our responsibility and truly regard our customers and
suppliers as a community of destiny. We insist on embracing partners with common values actively
to create a healthier ecological environment.
Adhering to the value of technology and the development of the future market growth
under innovation-driven strategy. Topband has always insisted on providing various intelligent
solutions for sectors such as tools, household appliances, new energy and industry based on the core
technology of "electronic control, motor, battery, power supply and Internet of Things platform ". In
the past decade, the R&D investment of the Company accounted for about 7% of its operating
revenues, and technology and product innovation boosted the performance growth of the Company
continuously. In 2021, the innovative product platform of the Company grew rapidly, further
consolidating its position in the intelligent control industry. The proportion of our independent and
controllable business increased steadily. Many innovative products emerged, such as inverters,
thermostats, cooking machines, lawn mowe
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