2022年年度报告 公司代码：600885 公司简称：宏发股份 宏发科技股份有限公司 2022 年年度报告 ...

| 证券代码：600885 | 证券简称：宏发股份 | 编 | 号：临 | 2023—020 | | --- | --- | --- | --- | --- | | 债券代码：110082 | 债券简称：宏发转债 | | | | 宏发科技股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 03 月 31 日(星期五) 至 04 月 06 日(星期 四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 zqb@hongfa.com 进行提问。公司将在说明会上对投资者 普遍关注的问题进行回答。 宏发科技股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解 公司 2022 年度经营成果、财务状况，公司计划于 2023 年 04 月 07 ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥3,089,671,880, representing an 18.06% increase compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was ¥347,590,398.5, marking a 15.66% increase year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥390,459,485.19, which is a 42.40% increase compared to the previous year[5] - Basic earnings per share for the quarter were ¥0.3334, a 15.68% increase from the same period last year[5] - Total operating revenue for the first three quarters of 2022 reached ¥8,959,012,675.98, an increase of 18.5% compared to ¥7,564,444,263.75 in the same period of 2021[19] - Net profit attributable to shareholders of the parent company for Q3 2022 was ¥968,328,610.15, up 18% from ¥820,833,743.61 in Q3 2021[20] - The total comprehensive income for Q3 2022 was ¥1,327,790,654.76, compared to ¥1,096,140,325.08 in Q3 2021, indicating an increase of 21%[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥1,345,290,734.56, reflecting a 45.59% increase year-on-year[5] - The cash inflow from operating activities for the first three quarters of 2022 was CNY 8,982,856,155.89, an increase of 24% compared to CNY 7,254,053,217.18 in the same period of 2021[23] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 1,345,290,734.56, up from CNY 924,016,870.95 in the previous year, representing a growth of approximately 45.5%[23] - The cash inflow from financing activities totaled CNY 1,013,501,269.70, significantly higher than CNY 395,545,333.40 in the previous year, marking an increase of approximately 156.1%[24] - The net cash flow from financing activities was CNY 441,592,620.44, a turnaround from -CNY 380,128,402.82 in the same period last year[24] - The cash and cash equivalents at the end of the period amounted to CNY 2,412,234,571.53, compared to CNY 882,636,392.67 at the end of the previous year, reflecting a substantial increase[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥16,216,808,929.28, an 18.66% increase compared to the end of the previous year[5] - The company's current assets totaled approximately ¥10.06 billion, up from ¥8.31 billion, indicating a growth of around 21.0% year-over-year[16] - The total liabilities increased to ¥6,528,313,854.13 in Q3 2022, compared to ¥4,929,518,872.69 in Q3 2021, reflecting a growth of 32.4%[18] - The company's total equity reached ¥9,688,495,075.15 in Q3 2022, compared to ¥8,736,804,642.41 in Q3 2021, marking an increase of 10.9%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,413[10] - The largest shareholder, Youge Venture Capital Co., Ltd., held 27.35% of the shares, amounting to 285,154,494 shares[10] Research and Development - Research and development expenses for the first three quarters of 2022 were ¥401,723,051.17, up 18.6% from ¥338,817,388.17 in the same period of 2021[19] Operating Costs - The company's total operating costs for the first three quarters of 2022 were ¥7,390,291,642.78, an increase of 16.1% from ¥6,364,640,773.87 in the same period of 2021[19] Inventory and Receivables - Accounts receivable rose to approximately ¥3.44 billion, compared to ¥2.55 billion in the previous year, marking an increase of approximately 34.8%[16] - Inventory levels stood at approximately ¥2.60 billion, up from ¥2.50 billion, showing a growth of about 4.0%[16] - The company reported a significant increase in other receivables, which rose to approximately ¥72.75 million from ¥46.38 million, indicating a growth of about 56.9%[16] Employee Compensation - The total cash outflow for employee compensation was CNY 1,768,017,201.49, an increase from CNY 1,520,891,068.23 in the previous year, representing a rise of about 16.3%[23] Related Party Transactions - The company has no reported related party transactions among its major shareholders, ensuring transparency in its financial dealings[12]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥5,869,340,795.79, an increase of 18.63% compared to ¥4,947,468,033.33 in the same period last year[14]. - Net profit attributable to shareholders was ¥620,738,211.61, reflecting a growth of 19.30% from ¥520,308,049.77 year-on-year[14]. - The net profit after deducting non-recurring gains and losses was ¥588,219,208.65, which is a 28.51% increase compared to ¥457,710,067.89 in the previous year[14]. - The company's total assets increased to ¥15,826,221,159.62, marking a 15.8% rise from ¥13,666,323,515.10 at the end of the previous year[16]. - The net assets attributable to shareholders reached ¥6,854,405,216.89, up 4.69% from ¥6,547,568,288.03[16]. - Basic earnings per share for the first half of 2022 were ¥0.5953, a 19.30% increase from ¥0.4990 in the same period last year[17]. - The diluted earnings per share were ¥0.6011, representing a 20.46% increase compared to ¥0.4990 year-on-year[17]. - The company reported a non-recurring gain of approximately RMB 32.52 million for the period, primarily from government subsidies and other non-operating income[20]. - The company achieved operating revenue of CNY 5.87 billion, an increase of 18.63% compared to the same period last year[27]. - Net profit attributable to shareholders reached CNY 621 million, up 19.30% year-on-year, while the net profit excluding non-recurring gains and losses was CNY 588 million, reflecting a growth of 28.51%[27]. Market Position and Growth - The company holds the largest market share in the global electromagnetic relay market, surpassing competitors such as OMRON and Tyco[22]. - The global electromagnetic relay market is projected to reach RMB 58.95 billion by 2025, with an average growth rate of approximately 8.5% from 2020 to 2025[22]. - The company maintained a strong market position in the power relay sector, benefiting from growth in new energy and 5G industries[27]. - The company’s industrial relay business experienced rapid growth, driven by increased industrial investment and product innovation[27]. - The automotive relay segment continued to grow despite global market challenges, with a focus on high-voltage direct current products[28]. Research and Development - The company has developed a strong technical R&D team, with 1,528 valid patents as of December 2021[24]. - The company’s R&D expenses amounted to CNY 228 million, representing a 5.56% increase from the previous year[30]. - The technology center is crucial for the company's innovation system, and insufficient R&D investment could lead to a decline in market competitiveness and profitability[45]. Financial Risks and Liabilities - The company faces risks related to talent retention, as high-end relay development requires specialized technical personnel, and any loss of such talent could adversely affect long-term development[44]. - A significant portion of the company's revenue comes from overseas, making it vulnerable to foreign exchange fluctuations, which could impact financial performance and pricing in foreign markets[46]. - The company is subject to policy risks, as changes in national policies regarding the electronic components industry could negatively affect operational performance[47]. - The issuance of convertible bonds carries risks related to interest and principal repayment, especially if the company's performance does not meet expectations[48]. - The company has a liability of 49.6023 million yuan due to a fraud case involving an employee, which will be covered by Linuo Group[77]. Environmental and Social Responsibility - The company has established pollution control facilities, including wastewater treatment and exhaust gas treatment systems, all of which are operating normally[63]. - The company has received multiple environmental approvals for its projects, ensuring compliance with environmental regulations[64]. - The company has developed an emergency response plan for environmental incidents, in accordance with national regulations[65]. - The company has implemented a comprehensive environmental monitoring plan in accordance with national regulations, detailing pollutant monitoring indicators and standards[67]. - The company has committed to avoiding competition with its own subsidiaries in the relay and electronic components sector post-restructuring[74]. Shareholder and Corporate Governance - The actual controller's shareholding will change to 38.31% after the completion of the transaction, with the new controller being a group of 22 individuals led by Guo Manjin[76]. - The company has committed to maintaining operational independence and protecting the rights of other shareholders post-transaction[76]. - The company will ensure that any related party transactions are conducted at fair market prices and will avoid preferential treatment[80]. - The company has committed to not engaging in any competitive business activities that may conflict with its operations[79]. Financial Statements and Accounting - The financial statements were approved by the board of directors on August 15, 2022[162]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect true and complete information[167]. - The company recognizes expenses related to mergers, such as audit and legal fees, in the current period's profit and loss[174]. - The company will separately disclose the interests of minority shareholders in the consolidated financial statements[173]. Cash Flow and Investments - The company reported a cash balance of CNY 2,675,717,628.75 at the end of the reporting period, an increase from CNY 1,707,568,266.00 at the beginning of the period[125]. - The company incurred cash outflows of ¥730,806,078.07 from investing activities, compared to ¥434,238,244.21 in the first half of 2021, indicating increased investment activity[139]. - The company received cash inflows of ¥1,011,375,700.00 from financing activities, compared to ¥275,660,341.83 in the first half of 2021, indicating strong financing support[139]. Related Party Transactions - The company reported a total of 16,233 million RMB in actual transactions with related parties for the first half of 2022, compared to an estimated 28,724 million RMB for the entire year[93]. - The company engaged in sales to related parties amounting to 5,403 million RMB from Zhangzhou Hongxing Tai Electronics Co., Ltd. in the first half of 2022[93]. - The company has committed to ensuring that any related party transactions during the transition period will be conducted at market fair prices[87].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥5,869,340,795.79, representing an increase of 18.63% compared to ¥4,947,468,033.33 in the same period last year[14]. - The net profit attributable to shareholders for the first half of 2022 was ¥620,738,211.61, up 19.30% from ¥520,308,049.77 in the previous year[14]. - The net profit after deducting non-recurring gains and losses was ¥588,219,208.65, reflecting a 28.51% increase from ¥457,710,067.89 in the same period last year[14]. - The company's total revenue for the first half of 2022 reached ¥5,869,340,795.79, representing an increase of 18.63% compared to ¥4,947,468,033.33 in the same period last year[42]. - The net profit for the first half of 2022 was ¥883,811,751.67, which is a 23.42% increase from ¥716,113,717.95 in the previous year[42]. - The company reported a net profit of 588,219,208.65 RMB for the first half of 2022, representing a 28.51% increase compared to the same period last year[116]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥15,826,221,159.62, a 15.8% increase from ¥13,666,323,515.10 at the end of the previous year[16]. - The company's total assets at the end of the reporting period were ¥15,766,995,252.43, reflecting a 15.81% increase from ¥13,614,997,687.12 at the beginning of the period[42]. - The total liabilities of the company as of June 2022 amounted to CNY 6,603.44 million, with a debt-to-asset ratio of 41.72%[123]. - Non-current liabilities rose to ¥3,273,501,923.74, compared to ¥2,197,972,309.85, marking an increase of about 48.9%[127]. - Current liabilities totaled ¥3,329,934,129.67, an increase from ¥2,731,546,562.84, reflecting a growth of approximately 21.9%[127]. Earnings and Shareholder Information - Basic earnings per share for the first half of 2022 were ¥0.5953, up 19.30% from ¥0.4990 in the same period last year[17]. - The diluted earnings per share increased to ¥0.6011, representing a 20.46% rise from ¥0.4990 in the previous year[17]. - The total number of ordinary shareholders at the end of the reporting period is 1,042,672,963[106]. - The largest shareholder, Youge Venture Capital Co., Ltd., holds 285,154,494 shares, representing 27.35% of the total[107]. - The second largest shareholder, Hong Kong Central Clearing Limited, holds 212,154,256 shares, representing 20.35% of the total[107]. Cash Flow and Financing Activities - The cash flow from operating activities for the first half of 2022 was ¥991,041,068.41, a significant increase of 191.13% compared to ¥340,410,486.44 in the same period last year[14]. - Cash and cash equivalents at the end of the reporting period were ¥267,571.76 million, representing 16.91% of total assets, an increase of 56.70% from the previous year[35]. - The company reported a cash balance of CNY 2,675,717,628.75 at the end of the reporting period, an increase from CNY 1,707,568,266.00 at the beginning of the period[125]. - Cash inflow from financing activities totaled ¥1,011,375,700.00, significantly higher than ¥275,660,341.83 in the same period last year, indicating a strong financing position[139]. Market Position and Growth - The global electromagnetic relay market is projected to reach RMB 58.95 billion by 2025, with an average growth rate of approximately 8.5% from 2020 to 2025[22]. - The company holds the largest market share in the global electromagnetic relay market, surpassing competitors such as OMRON and Tyco[22]. - The sales of power relays benefited from the rapid growth in new energy sectors, while signal relays maintained strong growth in traditional security and medical fields[27]. - The company’s industrial relay business saw rapid growth, driven by increased industrial investment and successful product R&D improvements[27]. - The automotive relay segment continued to grow despite global market challenges, with high-voltage DC products gaining significant market share among major automotive manufacturers[28]. Research and Development - The company has developed a strong technical R&D team, with 1,528 valid patents as of December 2021, and has been recognized as a national technology innovation demonstration enterprise[24]. - The company’s R&D expenses increased by 5.56% to CNY 228 million, reflecting ongoing investment in product development[30]. - The company emphasizes the importance of continuous R&D investment to maintain competitive product offerings and meet market demands[45]. Environmental and Social Responsibility - The company has established pollution prevention facilities, including wastewater treatment and online monitoring systems, all of which are operating normally[63]. - The company has received multiple environmental approvals for its projects, ensuring compliance with environmental regulations[64]. - The company has implemented an environmental monitoring plan, which was filed on December 17, 2020, ensuring compliance with pollution discharge standards[68]. - The company promotes green office practices and utilizes information technology to enhance operational efficiency and reduce resource consumption[71]. - The company has committed to avoiding competition with its own subsidiaries in the relay and electronic components sector post-restructuring[74]. Risks and Challenges - The company faces operational risks due to macroeconomic fluctuations and trade tensions, particularly with the U.S., which could adversely affect performance[43]. - A significant portion of the company's revenue comes from overseas, exposing it to foreign exchange risks that could impact financial performance[46]. - The company is subject to policy risks related to the electronic components industry, which is heavily influenced by government support and regulations[47]. - The issuance of convertible bonds carries risks related to interest payments and potential cash flow pressures if the bonds are not converted[48]. - There is a risk that the convertible bonds may not convert if the stock price remains low, increasing financial burdens on the company[49]. Related Party Transactions - The company reported a total of 16,233 million RMB in actual transactions with related parties for the first half of 2022, compared to an estimated 28,724 million RMB for the entire year[93]. - The company engaged in sales to related parties amounting to 5,403 million RMB from Zhangzhou Hongxing Tai Electronics Co., Ltd. in the first half of 2022[93]. - The company has committed to ensuring that any related party transactions during the transition period will be conducted at market fair prices[87]. - The company has not disclosed any significant related party transactions during the reporting period[98]. Corporate Governance - The financial statements were approved by the board of directors on August 15, 2022[162]. - The company has evaluated its ability to continue as a going concern and found no significant doubts[166]. - The company applies a control-based approach to determine the scope of consolidated financial statements, including all subsidiaries under its control[172]. - The company will ensure timely and detailed disclosure of any related party transactions in compliance with regulatory requirements[80].

Financial Performance - The company's operating revenue for 2021 was CNY 10,022,657,463.70, an increase of 28.18% compared to CNY 7,819,069,765.83 in 2020[16]. - The net profit attributable to shareholders for 2021 was CNY 1,062,555,476.55, reflecting a growth of 27.69% from CNY 832,143,263.76 in 2020[16]. - The net cash flow from operating activities for 2021 was CNY 911,840,233.10, up 26.72% from CNY 719,589,775.50 in 2020[16]. - The total assets at the end of 2021 amounted to CNY 13,666,323,515.10, representing a 26.04% increase from CNY 10,842,946,543.08 in 2020[16]. - The company's net assets attributable to shareholders increased by 18.45% to CNY 6,547,568,288.03 at the end of 2021, compared to CNY 5,527,482,768.27 at the end of 2020[16]. - Basic earnings per share for 2021 were CNY 1.43, a 27.68% increase from CNY 1.12 in 2020[17]. - The company reported a quarterly operating revenue of CNY 2,458,213,199.95 in Q4 2021, with a net profit attributable to shareholders of CNY 241,721,732.94[19]. - The company achieved a revenue of CNY 10,022,657,463.70 in 2021, representing a year-on-year growth of 28.18%[54]. - The net profit attributable to shareholders was CNY 1,062,555,500, an increase of 27.69% compared to the previous year[54]. Dividend and Share Capital - The company plans to distribute a cash dividend of 4.29 RMB per 10 shares, totaling 319,502,705.81 RMB, based on a total share capital of 744,761,552 shares as of December 31, 2021[2]. - The company intends to increase its share capital by 4 shares for every 10 shares held, resulting in an additional 297,904,621 shares, raising total share capital to 1,042,666,173 shares[2]. - The cash dividend policy stipulates that at least 10% of the distributable profits will be distributed in cash, with a proposed cash dividend of 4.29 yuan per 10 shares, totaling approximately 319.5 million yuan[100]. - The company plans to increase its share capital by 297.9 million shares through a capital reserve transfer, raising total shares from 744.8 million to 1.04 billion[100]. Audit and Compliance - The company has received a standard unqualified audit report from Da Hua Certified Public Accountants[2]. - The company has ensured that all board members can guarantee the authenticity, accuracy, and completeness of the annual report[2]. - The company maintained a robust internal control system, ensuring effective execution and compliance with regulations[100]. - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies in internal controls[135]. - The company has confirmed that its controlling shareholders have maintained good credit status without any major debts due[179]. Risk Management - The company has disclosed potential risks in its future development strategies, which are detailed in the management discussion and analysis section[2]. - The company faces risks from macroeconomic fluctuations, trade tensions, and raw material price volatility that could adversely affect its operating performance[83][84][85]. - The company has implemented a comprehensive foreign exchange management system to mitigate risks associated with currency fluctuations affecting its overseas business[87]. - Risks associated with the convertible bond issuance include interest and principal repayment obligations, which may pressure cash flow if performance does not meet expectations[89]. Technological Development and Innovation - The company invested over 1 billion RMB in technological transformation, marking the highest investment in automation production lines in its history[27]. - The company applied for 376 domestic patents, including 118 inventions, representing a year-on-year increase of 9.26%, and 25 international patents, a growth of 38.89%[28]. - The company’s automated production lines contributed to a significant increase in product quality, with key defect rates dropping to 1.9 PPM[26]. - The high-voltage direct current relay and signal relay product lines saw significant improvements in quality and production efficiency due to technological upgrades[27]. Market Position and Growth - The company's global market share in the relay sector increased by nearly 3 percentage points compared to 2020, solidifying its position as the industry leader[24]. - The company aims to achieve a revenue scale of 20 billion RMB by the mid-term of the 15th Five-Year Plan[24]. - The company has established partnerships with major global electric vehicle manufacturers, achieving a 36% market share in high-voltage direct current products[27]. - The company holds the largest market share in the global electromagnetic relay market, ranking first according to the 2021 report by Zhiduoxing Consulting[45]. Governance and Management - The company actively communicated with stakeholders, enhancing investor relations and addressing inquiries thoroughly[99]. - The company’s governance structure complies with relevant laws and regulations, ensuring the protection of shareholder rights[99]. - The company has a structured governance framework with a clear delineation of roles among its directors and executives[107]. - The management team includes individuals with backgrounds in finance, sales, and engineering, enhancing the company's operational capabilities[107]. Environmental Responsibility - The company has committed to avoiding any form of corruption and bribery in its business activities, adhering strictly to legal and ethical standards[152]. - The company has implemented a green design approach, with 4 products meeting the "Green Design Product Evaluation Technical Specification" standards[151]. - The company utilized a total of 8.085 million kWh of solar energy across its industrial parks in Xiamen and Zhangzhou in 2021[151]. - The company has established emergency response plans for environmental incidents in compliance with national regulations[143]. Employee and Community Engagement - The company provided over 15,000 job opportunities and deepened "school-enterprise cooperation" with several universities, offering scholarships and prioritized employment opportunities[154]. - The company organized a vaccination campaign with a participation rate exceeding 96% among employees[155]. - As of December 31, 2021, the company hired 395 fresh graduates, 152 interns, and 5 disabled individuals, promoting local employment and economic development[150]. Related Party Transactions - The company has disclosed related party transactions involving loans to subsidiaries, which were approved by the board and shareholders[137]. - The company reported actual related party transactions of 21,665,000 RMB for purchases from Zhangzhou Hongxing Tai Electronics Co., Ltd., compared to an estimated 26,936,000 RMB for 2021[181]. - The company sold products to related parties, generating 6,586,000 RMB in revenue from Zhangzhou Hongxing Tai Electronics Co., Ltd., against an estimated 8,498,000 RMB[181].