Sytech(SH:600183)2023-03-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥18,014,442,222.42, a decrease of 11.15% compared to ¥20,274,262,977.87 in 2021[17] - The net profit attributable to shareholders for 2022 was ¥1,530,789,704.01, down 45.90% from ¥2,829,683,547.57 in the previous year[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,428,470,542.87, a decrease of 43.50% compared to ¥2,528,258,242.57 in 2021[17] - Basic earnings per share decreased by 46.34% to CNY 0.66 in 2022 compared to CNY 1.23 in 2021[18] - Diluted earnings per share fell by 46.28% to CNY 0.65 in 2022 from CNY 1.21 in 2021[18] - The weighted average return on equity decreased by 12.63 percentage points to 11.71% in 2022 from 24.34% in 2021[18] - Total revenue for Q4 2022 was CNY 4,338,245,967.75, showing a decline from previous quarters[20] - Net profit attributable to shareholders for Q4 2022 was CNY 334,147,340.52, down from CNY 452,834,666.14 in Q2 2022[20] Cash Flow and Assets - The net cash flow from operating activities increased by 58.82% to ¥2,820,006,673.26 from ¥1,775,653,273.05 in 2021[17] - The net assets attributable to shareholders at the end of 2022 were ¥13,498,100,115.95, an increase of 3.07% from ¥13,096,413,999.03 at the end of 2021[17] - Total assets at the end of 2022 were ¥25,195,631,347.65, reflecting a 3.13% increase from ¥24,431,164,539.25 in 2021[17] - The company reported cash and cash equivalents of ¥3,105,848,398.61, representing 12.33% of total assets, an increase of 35.83% compared to the previous period[49] Dividends and Shareholder Information - The company plans to distribute a cash dividend of ¥4.50 per 10 shares to shareholders, pending approval at the annual general meeting[3] - In 2022, the company distributed cash dividends of 4.50 RMB per 10 shares, totaling 1,047,347,956.80 RMB, which represents 68.42% of the net profit attributable to ordinary shareholders[96] - The total number of shares held by the chairman increased from 4,427,736 to 4,827,736, reflecting a change of 400,000 shares due to stock option exercise[72] - The total number of shares held by the general manager increased from 1,886,250 to 2,146,250, reflecting a change of 260,000 shares due to stock option exercise[72] Market and Industry Trends - The company faced significant market challenges, including intense price competition and geopolitical factors affecting raw material costs[24] - In 2022, the global electronic industry is expected to decline by 2.1%, with a total market size of approximately $2.426 trillion[26] - PCB output value is projected to be $81.74 billion in 2022, reflecting a 1% year-on-year increase, significantly lower than the previous year's growth of 24.1%[27] - The PCB market is projected to decline by 3.9% in 2023, with an estimated market value of $78.5 billion[64] Research and Development - The company reported a total R&D expenditure of ¥943,229,755.81, which is 5.2% of total revenue[43] - The number of R&D personnel is 1,798, making up 15.46% of the total workforce[44] - The company is focusing on developing high Tg high-temperature copper-clad laminate materials for automotive electronics, with significant progress in testing and material selection[45] - The company has developed a low-loss substrate for semiconductor chip packaging, aiming to fill a gap in China's semiconductor industry and achieve performance levels comparable to Japanese and Korean counterparts[46] Environmental Management - The company invested approximately ¥13,030.81 million in environmental protection during the reporting period[103] - The main pollutants from the Wanjiang factory include sulfur dioxide, nitrogen oxides, and particulate matter, with emissions monitored to meet standards[103] - The company has established mechanisms for environmental protection and has reported no exceedances in noise pollution levels according to GB 12348-2008 standards[106] - The company has implemented measures to ensure that all monitored pollutants are within the permissible limits, demonstrating commitment to environmental standards[114] Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the financial report[2] - The company has not faced any penalties from securities regulatory authorities in the past three years, reflecting compliance and governance integrity[80] - The company has a total of 12 directors serving in various capacities across multiple subsidiaries, indicating a strong governance structure[78] - The company has established a performance incentive fund to link executive compensation with company performance, ensuring transparency in the hiring process of senior management[100] Strategic Initiatives - The company aims to strengthen its core business in copper-clad laminates while expanding into new markets such as 5G communication and electric vehicles[27] - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million[73] - The company has established a strategic committee to oversee long-term planning and market expansion initiatives[86] Social Responsibility - The company invested 60.30 million yuan in social responsibility projects, benefiting 296 individuals[189] - The company provided 1.9 million yuan for educational assistance, supporting 15 students from disadvantaged families[190] - Total investment in poverty alleviation and rural revitalization projects amounted to 313,600 CNY, benefiting 305 individuals[191] - The company has been involved in educational poverty alleviation activities across six schools in three regions since 1996[193]