EMT(SH:601208)2023-03-29 16:00Financial Performance - The company's operating revenue for 2022 was RMB 3,640,276,140.06, representing a year-on-year increase of 12.09% compared to RMB 3,247,693,085.41 in 2021[21]. - The net profit attributable to shareholders of the listed company for 2022 was RMB 415,003,448.28, an increase of 24.15% from RMB 334,281,669.79 in 2021[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 248,530,617.90, showing a decrease of 19.23% compared to RMB 307,686,381.96 in 2021[21]. - The company's total assets at the end of 2022 were RMB 9,054,654,967.73, reflecting a year-on-year increase of 48.29% from RMB 6,106,061,712.49 in 2021[21]. - The net assets attributable to shareholders of the listed company at the end of 2022 were RMB 4,211,121,585.02, an increase of 17.35% from RMB 3,588,528,924.17 in 2021[21]. - The basic earnings per share for 2022 were RMB 0.46, up 15.00% from RMB 0.39 in 2021[21]. - The diluted earnings per share for 2022 were also RMB 0.46, reflecting the same increase of 15.00% from RMB 0.39 in 2021[21]. - The net cash flow from operating activities for 2022 was negative RMB 636,608,383.34, a significant decline compared to negative RMB 58,509,567.82 in 2021, representing a decrease of 988.04%[21]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 91,651,561.20, which accounts for 22.08% of the net profit for 2022[9]. - The company’s total cash dividends proposed for distribution are subject to approval at the 2022 annual general meeting[4]. - The company plans to maintain the cash dividend per share despite any changes in total share capital before the dividend distribution date[28]. Research and Development - Research and development expenses increased by 38.22% to ¥210,262,030.83, up from ¥152,125,524.99 in the previous year[66]. - The company has applied for a total of 435 patents, with 264 valid patents granted, including 165 invention patents, supporting its industrial transformation[80]. - The company is focusing on technological innovation and lean manufacturing to continuously optimize product structure and enhance overall competitiveness[161]. - The company is focusing on the development of new insulation materials and accelerating the certification process for downstream customers of fuel cell proton exchange membranes[183]. Market and Sales Performance - Domestic revenue reached CNY 3,344,310,279.71, with a gross margin of 20.00%, reflecting a year-on-year increase of 12.37%[153]. - Overseas revenue amounted to CNY 237,005,186.41, with a gross margin of 29.41%, showing a year-on-year increase of 27.02%[153]. - The gross margin for electrical insulation materials decreased by 4.23 percentage points to 16.79%[153]. - The gross margin for new energy materials increased by 3.88 percentage points to 29.95%[153]. - Direct sales revenue was CNY 3,167,029,812.11, with a gross margin of 21.34%, reflecting a decrease of 1.91 percentage points[153]. - Distribution sales revenue was CNY 414,285,654.01, with a gross margin of 15.16%, showing a decrease of 10.01 percentage points[153]. Strategic Initiatives - The company plans to enhance collaboration between technology and market departments to accelerate new product validation with downstream customers, aiming to foster new growth momentum[62]. - The company is focusing on strategic transformation in emerging fields such as 5G communications and new energy vehicles, enhancing its competitive product sales ratio[93]. - The company will accelerate the transformation of functional departments towards business-oriented operations, aiming to enhance personnel efficiency and optimize resource allocation[155]. - The company will enhance its post-investment management of equity projects and explore strategic cooperation, mergers, and acquisitions to foster new production capacity[157]. Financial Management - The company raised RMB 1.4 billion through the issuance of convertible bonds, enhancing its financial strength and risk resistance[96]. - The company reported a total of 5,000 million in financial products for the period ending December 30, 2022, with a redemption interest rate of 2.722%[119]. - Another financial product from Chengdu Bank amounted to 15,000 million, with an interest rate of 3.437% as of December 30, 2022[119]. - The company has implemented a stock buyback program as part of its strategy to enhance shareholder value[127]. Operational Challenges - The net cash flow from operating activities was negative at ¥-636,608,383.34, a significant decline from ¥-58,509,567.82 in the same period last year, marking a change of -988.04%[66]. - The main raw materials, including polyester chips and polypropylene chips, have a significant cost impact, with prices closely linked to international oil prices, leading to volatility in operating performance[161]. - The company adopts a "production-based procurement" model to mitigate risks associated with raw material price fluctuations[161]. Industry Context - The macroeconomic environment in 2022 was complex, with GDP growth of 3.0% year-on-year, impacting overall market conditions[51]. - In 2022, global TV shipments were approximately 202.5 million units, a year-on-year decline of 5.6%, while China's TV shipments were about 36.34 million units, down 5.2%[184]. - Global smartphone shipments in 2022 were around 1.21 billion units, representing an 11% year-on-year decrease, with China's smartphone shipments at approximately 264 million units, down 23.1%[184].