WAYS(605218)2023-04-10 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a 15% year-over-year growth[18]. - The company's operating revenue for 2022 was CNY 1,358,734,632.16, representing a year-on-year increase of 13.18% compared to CNY 1,200,514,740.14 in 2021[27]. - The net profit attributable to shareholders of the listed company reached CNY 96,144,087.19, an increase of 83.49% from CNY 52,396,409.89 in the previous year[27]. - The basic earnings per share for 2022 was CNY 0.4539, up 84.36% from CNY 0.2462 in 2021[28]. - The total assets of the company at the end of 2022 were CNY 1,513,785,795.29, reflecting a 3.26% increase from CNY 1,466,006,552.07 at the end of 2021[27]. - The company achieved a gross profit margin of 18.35% for its total business in 2022, an increase of 1.64 percentage points compared to the previous year[79]. - The company reported a net cash flow from operating activities significantly improved to CNY 145,661,298.19, a remarkable increase of 671.12% compared to CNY 18,889,672.86 in 2021[27]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling 21,082,852.30 RMB, with a cash dividend ratio of 21.93%[6]. - The total share capital for the dividend distribution is 212,833,460 shares, adjusted to 210,828,523 shares after excluding repurchased shares[6]. - The cash dividend distribution represents 21.93% of the net profit attributable to shareholders in the consolidated financial statements[162]. Audit and Compliance - The company has received a standard unqualified audit report from Deloitte Huayong Accounting Firm[5]. - The board of directors and management have confirmed the accuracy and completeness of the annual report[4]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has established a governance structure that includes a board of 8 directors, with 3 independent directors, ensuring compliance with relevant laws and regulations[122]. - The supervisory board consists of 3 members, including 1 employee representative, fulfilling its oversight responsibilities regarding financial status and compliance[123]. Research and Development - The company invested 100 million CNY in R&D for innovative automotive technologies, focusing on electric vehicle components[18]. - The company invested a total of 101.97 million yuan in R&D in 2022, representing a year-on-year increase of 24.15%[41]. - The company has accumulated 100 authorized patents as of December 31, 2022, including 4 invention patents and 94 utility model patents[41]. - The company is committed to increasing R&D investment to strengthen its core competitive advantages and optimize its product development management system[110]. Market Expansion and Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% and aiming to reach 1.44 billion CNY[18]. - The company is expanding its market presence, targeting a 30% increase in sales in the Asia-Pacific region over the next year[18]. - A strategic acquisition of a smaller tech firm was completed, enhancing the company's capabilities in smart automotive solutions, with an expected impact of 50 million CNY in synergies[18]. - The company aims to expand its product line to include composite display modules, smart display panels, ambient lights, and Mini LED backlight modules targeting the NEV market[110]. Risk Management - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report[8]. - The company is facing risks from international trade uncertainties, geopolitical tensions, and potential impacts on its supply chain due to the ongoing Russia-Ukraine conflict[116]. - The automotive industry is experiencing cyclical fluctuations, which could adversely affect the company's order volume and market conditions[116]. Employee and Training Initiatives - The total number of employees in the parent company is 1,039, and the total number of employees in major subsidiaries is 839, resulting in a combined total of 1,878 employees[153]. - The company completed 251 onboarding training sessions with a total of 3,037 participants, and 97 annual training sessions with over 3,750 participants in 2022[156]. - The company has established a complete training system for industrial workers, including onboarding, pre-job, and annual training[156]. Corporate Governance - The company has maintained a consistent governance structure, with no significant discrepancies from legal requirements, indicating a stable operational environment[124]. - The board has established specialized committees for audit, nomination, compensation, and strategy, enhancing governance effectiveness[122]. - The company has committed to continuous improvement in internal control systems to promote sustainable development[124]. Environmental and Social Responsibility - The company has passed the ISO 14001:2015 environmental management system certification, ensuring compliance with national and local environmental laws and regulations[168]. - The company has made continuous investments in environmental protection facilities and daily environmental expenses, including waste treatment and pollution control[168]. - The company emphasizes employee health and safety, providing regular health check-ups and protective equipment to enhance employee well-being[171]. Future Outlook - The company anticipates a revenue growth of 15% in the upcoming quarter, driven by new product launches and market strategies[132]. - The management team emphasized a commitment to sustainability, aiming for a 30% reduction in carbon emissions by 2025[132]. - The company plans to enhance its automation and smart upgrades, focusing on large backlight assembly automation and new display technologies[111].