NBGF(603788)2023-04-20 16:00Financial Performance - The net profit attributable to the parent company for 2022 was CNY 114,913,354.22, with a statutory surplus reserve of CNY 11,101,309.88 deducted, resulting in a distributable profit of CNY 484,838,828.18[5]. - The proposed cash dividend is CNY 5.00 per 10 shares, totaling CNY 111,532,534.00, which represents 97.06% of the net profit attributable to shareholders for 2022[6]. - The remaining undistributed profit is CNY 373,306,294.18, which will be reserved for future distribution[6]. - The company's operating revenue for 2022 was CNY 1,037,462,062.92, representing a year-on-year increase of 10.13%[25]. - The net profit attributable to shareholders for 2022 was CNY 114,913,354.22, a decrease of 21.00% compared to 2021[25]. - The net cash flow from operating activities was CNY 132,268,695.85, down 17.47% from the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 102,294,481.28, a decline of 21.53% from the previous year[25]. - The total assets at the end of 2022 were CNY 2,314,569,698.09, reflecting a year-on-year increase of 2.97%[25]. - The weighted average return on equity decreased to 5.91% in 2022, down from 7.63% in 2021[26]. Operational Developments - The production of electronic shift controllers reached over 1.2 million units in 2022, marking a historical high[36]. - The company invested CNY 66,844,500 in the automotive electronic shift system project, enhancing product optimization and market share[36]. - The company has begun construction of a new factory on a 67-acre land parcel, expected to be operational by 2025[38]. - The company has integrated resources by dissolving its wholly-owned subsidiary, enhancing operational efficiency[38]. - The company plans to enhance production automation and cost control to improve operational efficiency and profitability amid rising labor costs and intensified competition[90]. Research and Development - R&D expenses increased by 9.43% to 56,236,119.34 CNY, reflecting ongoing investment in new product development[53]. - The company obtained 8 utility model patents, 11 invention patents, and 11 design patents during the reporting period[70]. - The number of R&D personnel was 171, accounting for 11.29% of the total workforce[68]. - The total R&D investment accounted for 5.42% of operating revenue[67]. Market and Industry Trends - The automotive parts industry showed resilience with a 3.4% increase in vehicle production and a 2.1% increase in sales in 2022[40]. - The market share of domestic self-owned brand passenger cars reached 49.9%, up 5.4 percentage points year-on-year[40]. - New energy vehicle (NEV) production and sales soared to 7.06 million and 6.89 million units, with year-on-year growth of 96.9% and 93.4%, respectively, accounting for 25.6% of total new car sales, an increase of 12.1 percentage points from the previous year[79]. - The competitive landscape in the automotive parts sector remains challenging, with a need for product upgrades and quality improvements[42]. Corporate Governance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity and completeness of the annual report[10]. - The board of directors convened seven meetings during the reporting period, with all directors present, ensuring effective decision-making and governance[101]. - The company maintains independence from its controlling shareholders in terms of personnel, assets, finance, and operations, adhering to corporate governance standards[104]. - The company has implemented strict internal control systems to ensure compliance with laws and regulations, safeguarding shareholder interests[100]. Environmental and Social Responsibility - The company invested 20.12 million yuan in environmental protection during the reporting period[150]. - The company reduced carbon emissions by 1,696 tons through the installation of solar panels, which generated 170.11 million kWh of electricity, accounting for 11.45% of total electricity consumption[152]. - The company has established a comprehensive environmental emergency response plan and has not violated any environmental laws or regulations during the reporting period[151]. - The company made a total donation of 250,000 yuan to charity projects, contributing to various charitable and public welfare initiatives in the Ningbo region[154]. Shareholder Information - The total number of ordinary shareholders increased from 12,202 to 12,448 during the reporting period, indicating a growth of approximately 2.02%[180]. - The major shareholder, Ningbo Gaofa Holdings Co., Ltd., holds 83,790,000 shares, accounting for 37.56% of total shares[183]. - The second largest shareholder, Great Wall Guorong Investment Management Co., Ltd., holds 11,620,000 shares, representing 5.21% of total shares[183]. - The total number of shares held by all directors, supervisors, and senior management at the end of the year was 30,911,860 shares, unchanged from the beginning of the year[112]. Financial Management - The company has engaged in bank wealth management with a total amount of RMB 128,995,000, with an outstanding balance of RMB 50,995,000[168]. - The company reported a total of 3,000 million in structured deposits with an expected annualized return of 5.00%, generating actual earnings of 153.74 million[171]. - The company has a total of 6,500 million in non-principal guaranteed floating income financial products with an annualized return of 3.82%, generating earnings of 44.84 million[171]. - The company has not reported any significant changes in its asset and liability structure during the reporting period[180].