Financial Performance - The company's operating revenue for 2022 was ¥862,501,565.18, representing a 17.47% increase compared to ¥734,201,513.08 in 2021[18] - The net profit attributable to shareholders for 2022 was ¥83,629,808.08, a 32.17% increase from ¥63,272,991.40 in the previous year[18] - The net profit after deducting non-recurring gains and losses was ¥81,275,304.51, up 33.46% from ¥60,898,444.30 in 2021[18] - The basic earnings per share for 2022 was ¥0.2500, an increase of 31.58% from ¥0.1900 in 2021[18] - The total assets at the end of 2022 were ¥2,125,016,227.25, a 22.78% increase from ¥1,730,688,480.63 at the end of 2021[18] - The net assets attributable to shareholders at the end of 2022 were ¥900,072,347.05, an 8.67% increase from ¥828,279,296.89 in 2021[18] - The company reported a negative net cash flow from operating activities of ¥143,742,558.97, worsening by 248.30% compared to a negative cash flow of ¥41,269,894.63 in 2021[18] - The weighted average return on equity for 2022 was 9.50%, an increase of 1.79 percentage points from 7.71% in 2021[18] Revenue and Profit Growth - In 2022, the company's total revenue for the four quarters was approximately CNY 154.78 million, CNY 231.01 million, CNY 232.48 million, and CNY 244.23 million respectively, showing a steady increase throughout the year[22] - The net profit attributable to shareholders for the four quarters was CNY 10.20 million, CNY 14.87 million, CNY 23.02 million, and CNY 35.54 million, indicating significant growth in profitability[22] - Control valves accounted for 88.83% of total revenue, with sales amounting to CNY 766.19 million, up 19.37% from the previous year[38] - The company’s gross profit margin improved to 35.39%, an increase of 2.89% compared to the previous year[39] Cash Flow and Financial Management - The company reported a net cash flow from operating activities of CNY -63.75 million, CNY 22.10 million, CNY -36.36 million, and CNY -65.74 million across the quarters, highlighting cash flow challenges[22] - The cash inflow from operating activities totaled CNY 654,470,813.99, a 6.50% increase compared to the previous year[51] - The total amount of cash outflow from operating activities was CNY 798,213,372.96, reflecting a 21.72% increase year-on-year[51] - The company reported a significant increase in financial expenses by 125.12% to CNY 22,680,920.37, primarily due to the interest expenses of convertible bonds[47] Market Position and Strategy - The company aims to enhance its market position in the energy and petrochemical sectors, which are expected to maintain stable demand due to ongoing investments in these industries[26] - The domestic control valve market is currently dominated by foreign products, with over 60% market share, indicating a strong opportunity for domestic companies to capture market share through innovation[27] - The company is focusing on high-end product development and has established a comprehensive product improvement management system to enhance product quality and performance[30] - The company is strategically expanding into new sectors such as renewable energy and environmental protection to diversify its business and align with national development goals[26] Research and Development - The company is committed to innovation and has established a digital and intelligent R&D team to drive technological advancements and maintain competitive advantages[31] - Research and development expenses increased by 20.35% to CNY 33,493,469.85, representing 3.88% of total operating revenue[49] - The company increased its R&D personnel by 21.24% to 137, with a higher proportion of bachelor's degree holders[49] - The company has developed several patented products, including a "corrugated Y-type direct connection jacket gas valve" and a "multi-turn pneumatic actuator," which have been applied in multiple domestic installations[85] Corporate Governance - The company held 10 board meetings during the reporting period, ensuring compliance with relevant regulations and protecting shareholder rights[76] - The company conducted 2 shareholder meetings, adhering to legal procedures and ensuring decisions on profit distribution and management compensation were made lawfully[75] - The company maintained a complete and independent asset structure, with no instances of asset occupation by related parties[79] - The company established an independent financial department, ensuring compliance in financial management and decision-making[80] Employee Management and Engagement - The total number of employees at the end of the reporting period was 1,001, with 586 in production, 71 in sales, 163 in technical roles, and 13 in finance[100] - The company implemented a salary adjustment covering over 90% of employees, enhancing work efficiency and operational effectiveness[101] - The company has established an employee stock ownership plan to enhance employee engagement and motivation[123] Environmental Compliance - The company has not faced any significant environmental penalties during the reporting period and is not classified as a key pollutant discharge unit[119] - The company has implemented a comprehensive environmental monitoring plan, ensuring compliance with national and local environmental standards[124] Shareholder Information - The total number of shares held by the board of directors and senior management at the end of the reporting period was 165,479,802 shares, with no changes during the period[83] - The largest shareholder, Shen Jianbiao, holds 37.47% of the shares, totaling 124,616,800 shares, with 31,154,200 shares pledged[165] - The total number of ordinary shareholders at the end of the reporting period was 23,032, a decrease from 36,136 at the end of the previous month[165] Financial Ratios and Indicators - The company's current ratio increased to 1.45, up by 6.62% from the previous year[186] - The asset-liability ratio rose to 57.64%, an increase of 5.50% compared to the previous year[186] - The EBITDA interest coverage ratio decreased to 9.22, down by 37.06% from the previous year[186] - The company maintained a loan repayment rate of 100% during the reporting period[186]

Financial Performance - The company's operating revenue for Q1 2023 was ¥175,286,019.76, representing a 13.25% increase compared to ¥154,781,785.35 in the same period last year[3] - Net profit attributable to shareholders was ¥13,693,760.68, up 34.27% from ¥10,199,014.74 year-on-year[3] - Basic and diluted earnings per share increased by 32.26%, from ¥0.031 to ¥0.041[3] - Total operating revenue for the first quarter reached ¥175,286,019.76, an increase of 13.06% compared to ¥154,781,785.35 in the previous period[14] - Net profit for the first quarter was ¥13,693,760.68, representing a 34.66% increase from ¥10,199,014.74 year-over-year[15] - The company reported a total profit of ¥15,613,873.55, up 39.73% from ¥11,143,636.72 in the prior year[15] Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥17,913,543.86, a 71.90% increase compared to -¥63,746,771.34 in the previous year[3] - Cash flow from operating activities showed a net outflow of ¥17,913,543.86, an improvement from a net outflow of ¥63,746,771.34 in the previous year[17] - The company experienced a net cash outflow from investing activities of ¥17,944,802.07, compared to a net outflow of ¥59,888,708.76 in the previous year[17] - The company experienced a 59.86% decrease in net cash flow from financing activities, amounting to ¥29,542,457.27, mainly due to reduced credit financing[7] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,138,226,031.56, a slight increase of 0.62% from ¥2,125,016,227.25 at the end of the previous year[3] - The company's total assets at the end of the reporting period amount to CNY 2,138,226,031.56, an increase from CNY 2,125,016,227.25 at the beginning of the year[12] - The company's total liabilities are CNY 1,223,104,959.99, slightly decreased from CNY 1,224,943,880.20 at the beginning of the year[12] - The total equity attributable to the parent company is CNY 915,121,071.57, up from CNY 900,072,347.05 at the beginning of the year[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,136[8] - The largest shareholder, Shen Jianbiao, holds 37.47% of the shares, amounting to 124,616,800 shares, with 93,462,600 shares pledged[8] Research and Development - Research and development expenses rose by 33.62% to ¥8,427,634.41, reflecting the company's increased investment in R&D[6] - The company incurred research and development expenses of ¥8,427,634.41, which is a 33.56% increase from ¥6,307,146.91 in the previous period[14] Accounts and Inventory - The company recorded a significant increase of 529.41% in accounts receivable financing, reaching ¥25,441,253.15, attributed to an increase in bank bills[6] - Accounts receivable decreased to CNY 382,699,092.11 from CNY 428,767,036.19, indicating a reduction of approximately 10.8%[11] - Inventory increased to CNY 497,933,096.20 from CNY 444,327,064.57, reflecting an increase of about 12.1%[11] Borrowings and Financial Expenses - Short-term borrowings rose to CNY 327,608,469.38 from CNY 291,524,094.08, representing an increase of approximately 12.4%[12] - The company’s financial expenses included interest expenses of ¥5,884,609.88, which increased from ¥4,985,610.94 in the previous period[14]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 无锡智能自控工程股份有限公司（以下简称"公司"）已于2023年4月24日 披露了《2022年年度报告》。为更好地与投资者充分交流，广泛听取投资者的意 见和建议，公司定于2022年5月18日（周四）下午15:00-17:00 举行年度业绩说明 会，本次业绩说明会将通过深圳证券交易所提供的"互动易"平台与现场参与同 步举行。 证券代码：002877 证券简称：智能自控 公告编号：2023-027 无锡智能自控工程股份有限公司 关于举行2022年度网上业绩说明会的公告 一、召开时间、地点及方式 1、召开时间：2022年5月18日（周四）下午15:00-17:00 2、召开地点：江苏省无锡市新吴区锡达路258号101会议室 3、召开方式：本次业绩说明会将通过深圳证券交易所提供的"互动易"平台与 现场参与同步举行，投资者可以登录"互动易"网站（http://irm.cninfo.com.cn） 进入"云访谈"栏目、或现场参与本次年度业绩说明会。 二、出席人员 出席本次业绩说明会的人员有：公司董事长兼总经理沈剑标先生；公司董 ...

Company Overview - Wuxi Intelligent Control Engineering Co., Ltd. was established in 2001 and specializes in the design, research, production, and sales of intelligent control valve products, emphasizing domestic production and technological innovation [2] - The company was listed on the Shenzhen Stock Exchange in June 2017 and is recognized as a national high-tech enterprise and a specialized "little giant" enterprise [2] - It has established five wholly-owned subsidiaries and has set up product after-sales service stations nationwide [2] Financial Performance - In 2022, the company achieved a revenue of 860 million CNY, representing a year-on-year growth of 17.47% [3] - The net profit attributable to shareholders was 84.29 million CNY, with a year-on-year increase of 33.22% [3] - The company continues to maintain strong growth in the petrochemical sector and is rapidly expanding in the photovoltaic and new energy sectors, forming new business growth points [3] Product Characteristics - The company offers a wide range of products suitable for high-end markets, focusing on domestic independent research and development [3] - Products are designed for special working conditions, enhancing added value and ensuring stable quality, particularly in large refining, petrochemical, new materials, and new energy sectors [3] - A rapid response mechanism is in place to meet customer-specific requirements, providing tailored solutions and maintenance services for both its own and other brands' control valves [3] Future Development - Ongoing construction of switch valve projects is expected to further expand production capacity and address current capacity bottlenecks [3] - Discussions on future development strategies and related business areas were held, highlighting the company's commitment to innovation and market responsiveness [3]

Company Overview - Wuxi Intelligent Control Engineering Co., Ltd. was established in 2001 and specializes in the design, research and development, production, and sales of intelligent control valve products. The company went public in June 2017 and is recognized as a national high-tech enterprise and a national specialized and innovative "little giant" enterprise [2][3]. Key Financial Performance - As of the end of Q3 2022, the company achieved a revenue of CNY 618 million, representing a year-on-year increase of 15.63%. The net profit was CNY 48.09 million, up by 19.21% year-on-year [3][4]. - The company’s revenue growth is attributed to the expansion of application fields, high customer recognition, and a strong internal team [4][5]. Market Position and Competition - The company primarily targets the mid-to-high-end market, with a market share of approximately 2%. The control valve market is dominated by foreign brands, especially in the high-end segment, where over 60% is controlled by imports [4][6]. - Key competitive factors include enhanced development capabilities, product reliability, systematic engineering capabilities, cost advantages, and quality additional services [3][4]. Industry Applications - The control valve applications are diverse, with the petrochemical sector accounting for about 62% of the business, followed by new energy and new materials at approximately 20%, and other sectors at around 18% [4][5]. - The company is expanding its presence in the new energy sector, particularly in solar and semiconductor industries, with a focus on developing specialized products for these applications [5][6]. Research and Development - The company holds 180 national patents, including 106 utility model patents, and continues to invest heavily in R&D to innovate and develop unique products [3][5]. - Recent developments include products designed for high-temperature, high-pressure, and corrosive environments, which have established a strong intellectual property portfolio [5][6]. Production Capacity and Future Plans - Current production capacity is approximately 32,000 sets, with plans to expand to 60,000 sets upon completion of the new valve base project [7][8]. - The company aims to enhance production efficiency and product specialization through ongoing projects, which will support long-term strategic goals [7][8]. Customer Service and Maintenance - The company has established a 4S service mechanism to provide rapid response maintenance services, which has strengthened customer relationships and loyalty [7][8]. - Maintenance services are expected to grow, contributing to overall revenue and customer satisfaction [7][8]. Financial Outlook - Despite a slight decline in gross and net profit margins over the past three years, the company has implemented measures to improve management efficiency and cost control, leading to a recent recovery in gross margin [8][9]. - The outlook for 2023 is optimistic, with expectations for continued growth driven by digital product launches and improved operational capabilities [9].

Company Overview - Wuxi Smart Auto-Control Engineering Co., Ltd. was established in 2001 and specializes in the design, research, production, and sales of intelligent control valve products. The company is recognized as a national high-tech enterprise and has 180 national patents, including 106 utility model patents [2][3]. Financial Performance - As of the end of Q3 2022, the company achieved a revenue of CNY 618 million, representing a year-on-year increase of 15.63%. The net profit reached CNY 48.09 million, up by 19.21% year-on-year [3][4]. - The company maintains a gross profit margin and net profit margin slightly above the industry average, although both have seen a decline due to rising raw material costs and increased depreciation from fixed asset investments [8][9]. Market Segmentation - The oil and chemical sector accounts for approximately 62% of the company's business, while the new energy and new materials sector contributes about 20%, with other fields making up around 18% [3][4]. - The company currently holds a market share of about 2% in the domestic control valve market, which is largely dominated by foreign products, especially in the high-end segment [9]. Competitive Advantages - The company has a strong focus on import substitution, aiming to replace foreign brands through competitive pricing, reliable quality, and comprehensive service [5][6]. - It has a robust R&D capability, with 180 patents, and a commitment to innovation in product development, particularly in high-temperature, high-pressure, and corrosion-resistant applications [5][8]. - The company benefits from a stable and high-quality management team, which contributes to its operational efficiency and market competitiveness [5][6]. Future Growth Points - The company plans to enhance its technological capabilities and invest in R&D to develop smart and digitalized products, expanding its market applications [6][8]. - It aims to optimize hardware and improve production efficiency, while also focusing on talent development and management capabilities to drive sustainable growth [6][8]. - The ongoing construction of a new facility is expected to increase production capacity and improve product quality, further enhancing the company's competitive edge [8][9]. Industry Trends - The domestic control valve market is experiencing a growth rate of 6%-8% annually, with increasing demand for local products driven by national policies promoting domestic manufacturing [9]. - The trend towards localization is expected to create significant opportunities for the company, particularly in the smart control valve segment, which is gaining traction in various applications [9].