OLYMPIC(SH:603920)2023-04-21 16:00Dividend Distribution - The company plans to distribute a cash dividend of 6.00 RMB per 10 shares (including tax) based on the total share capital as of the dividend record date, with the remaining undistributed profits carried forward to the next year[12]. - The total cash dividend distributed for 2021 was 319,349,520.00 RMB, accounting for 152.31% of the net profit attributable to shareholders of the parent company[19]. - The cash dividend amount for 2021 represents 73.57% of the net profit attributable to shareholders of the parent company in the consolidated financial statements[20]. Employee and Talent Development - The company has a total of 6,752 employees, with 5,369 in production, 694 in technical roles, and 50 in sales[16]. - The company emphasizes talent development and provides targeted training programs for employees to enhance their professional skills[17]. Environmental Initiatives - The company has a wastewater treatment capacity of 6,000 cubic meters per day, meeting local environmental standards[32]. - The company has implemented measures to reduce carbon emissions and improve energy efficiency, including the installation of automatic cleaning devices in chillers[39]. - The company has implemented water reuse systems, including "UF+RO" and MBR membrane systems, to reduce water consumption and treat industrial wastewater for reuse[56]. - The company has reduced carbon emissions by 3,024 tons through various carbon reduction measures, including upgrading to high-efficiency equipment[63]. - The company plans to replace low-efficiency chillers with high-efficiency magnetic levitation chillers as part of its energy efficiency initiatives[64]. Corporate Governance and Compliance - The company has a unified management system for subsidiaries, ensuring coordinated strategy formulation and operational control[25]. - The company has not disclosed any significant internal control deficiencies during the reporting period[25]. - The company has committed to not engaging in any business activities that directly or indirectly compete with its main operations, both domestically and internationally[69]. - The company will ensure that its controlled entities do not enter into any agreements that could create competition with the issuer, maintaining operational independence[69]. - The company has established a commitment to ensure that its direct and indirect holdings comply with the same obligations regarding competition and confidentiality[70]. - The company has not reported any major litigation or arbitration matters during the reporting period, indicating a stable legal standing[53]. - The company has not faced any penalties or corrective actions related to violations of laws or regulations during the reporting period[53]. - The company has committed to timely and accurate disclosure of any share reduction activities, adhering to trading regulations[48]. Financial Performance - The company's fixed assets accounted for 44.26% of total assets as of December 31, 2022, with a year-end increase of 794.99 million RMB, representing a growth rate of 44.16%[105]. - The total number of ordinary shareholders reached 25,799 by the end of the reporting period, compared to 20,929 at the end of the previous month before the annual report disclosure[103]. - The main operating revenue of Shiyun Circuit Company for 2022 was RMB 4,212.14 million, with export revenue accounting for RMB 3,677.57 million, representing 87.31% of total revenue[113]. - As of December 31, 2022, accounts receivable amounted to RMB 1,222.24 million, with a bad debt provision of RMB 38.84 million, resulting in a net book value of RMB 1,183.40 million[120]. - The company’s total share capital after recent changes is 532,175,355 shares, with a decrease of 72,140 shares due to the cancellation of restricted shares[116]. - The company maintains an "AA" credit rating with a stable outlook, indicating no change from the previous rating[126]. - The internal audit identified revenue recognition as a key audit matter due to inherent risks associated with management's potential manipulation to meet targets[119]. - The company’s domestic sales revenue for 2022 was RMB 534.58 million, constituting 12.69% of total operating revenue[113]. - The company has a total of 74,100 restricted shares that were canceled during the year, resulting in zero remaining restricted shares[117]. - The top ten shareholders hold a total of 368,000,000 shares, with New Hao International Group Limited being the largest shareholder at 315,536,703 shares[124]. - The company’s financial indicators, such as earnings per share and net asset value per share, were not applicable for recent changes due to the nature of share movements[116]. - The company’s future cash arrangements for debt repayment have not been disclosed, but the credit rating suggests a stable financial outlook[125]. - The company repurchased 74,100 shares during the reporting period, with the purpose of cancellation[138]. - The company has a significant amount of accounts receivable, which requires management judgment for impairment assessment[134]. - The company confirmed revenue recognition policies for domestic and international sales, with specific criteria for recognizing revenue upon delivery and acceptance by customers[144]. - The company has 3,426 holders of convertible bonds at the end of the reporting period[157]. - The largest holder of convertible bonds is Northwest Investment Management (Hong Kong) Limited, holding 110,296,000 yuan, representing 11.03%[157]. - The company evaluated the effectiveness of internal controls related to accounts receivable impairment and fixed assets[136]. - The company reported that there were no significant changes in the controlling shareholder during the reporting period[152]. - The company’s fixed asset depreciation policy was reviewed for compliance with accounting standards, ensuring consistency across periods[137]. - The company has not disclosed any non-operating fund occupation by controlling shareholders or related parties[156]. - The company’s management assessed the expected credit loss for accounts receivable based on historical data and forward-looking estimates[134]. Growth and Market Outlook - The company's operating revenue increased by 17.90% compared to last year, attributed to product structure optimization, increased business volume, and a decrease in the RMB to USD exchange rate[178]. - The net profit attributable to shareholders increased by 107.01% year-on-year, mainly due to improved gross margins and increased foreign exchange gains[178]. - The net cash flow from operating activities grew by 233.07% compared to the previous year, driven by increased sales collections[178]. - As of the reporting period, the total number of shares converted from convertible bonds was 16,455, accounting for 0.003% of the total shares before conversion[160]. - The remaining amount of unconverted bonds is RMB 999,672,000, representing 99.997% of the total issued convertible bonds[160]. - The adjusted conversion price for the convertible bonds is RMB 19.32 as of June 21, 2022, due to annual equity distribution[161]. - The largest shareholder, New Global International Holdings Limited, reduced its holdings by 15,966,651 shares, holding 59.29% of the total shares at the end of the reporting period[162]. - The company has not identified any significant risks that could materially affect its operations during the reporting period[165]. - The company plans to continue optimizing its product structure and expanding its market presence, although future plans carry uncertainties[164]. - The company’s stock is listed on the Shanghai Stock Exchange under the ticker 603920[175]. - The company's basic earnings per share (EPS) increased by 110.26% to CNY 0.82 in 2022 from CNY 0.39 in 2021[190]. - The diluted EPS rose by 105.13% to CNY 0.80 in 2022 compared to CNY 0.39 in 2021[190]. - The net profit attributable to shareholders reached CNY 434,033,023.96 in 2022, a 107.01% increase from CNY 209,672,568.82 in 2021[200]. - The operating income for 2022 was CNY 4,432,008,446.68, reflecting a 17.90% growth from CNY 3,759,172,134.71 in 2021[200]. - The net cash flow from operating activities surged by 233.07% to CNY 987,721,478.20 in 2022 from CNY 296,548,534.14 in 2021[200]. - The weighted average return on equity (ROE) improved to 15.12% in 2022, up by 7.57 percentage points from 7.55% in 2021[190]. - The net profit after deducting non-recurring gains and losses was CNY 435,061,735.30 in 2022, a 114.67% increase from CNY 202,667,474.27 in 2021[200]. - The total assets decreased by 2.11% to CNY 5,863,067,936.35 in 2022 from CNY 5,989,248,304.25 in 2021[200]. - The company reported a net asset value of CNY 2,990,304,806.06 in 2022, which is a 6.41% increase from CNY 2,810,219,408.29 in 2021[200]. - The global PCB market value was approximately USD 81.7 billion in 2022, with a year-on-year growth of 1%[197].