Forecam(688010)2023-07-03 16:00Financial Performance - The company's operating revenue for 2022 was CNY 780,969,596.79, an increase of 15.76% compared to CNY 674,640,293.22 in 2021[23]. - The net profit attributable to shareholders decreased by 35.05% to CNY 29,253,182.51 from CNY 45,038,764.38 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 65.78% to CNY 5,997,829.76[23]. - Basic earnings per share decreased by 34.85% to CNY 0.1927, while diluted earnings per share decreased by 34.75% to CNY 0.1930[24]. - The company's total assets at the end of 2022 were CNY 2,809,662,201.67, a 4.44% increase from CNY 2,690,138,552.66 in 2021[23]. - The company's total equity attributable to shareholders was 1.79 billion RMB, a growth of 0.99% year-on-year[39]. - The company reported a net loss of CNY 1,308,741.97 in the second quarter of 2022, contrasting with profits in other quarters[28]. - Operating costs rose to CNY 605,760,983.02, reflecting a year-on-year increase of 21.73%[89]. - The overall gross margin decreased by 3.81 percentage points, primarily due to a decline in overseas sales revenue proportion[90]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.58 RMB per 10 shares, totaling approximately 8.81 million RMB (including tax), which represents 38.59% of the net profit attributable to shareholders[5]. - The company intends to issue 0.5 bonus shares for every 10 shares held, resulting in an increase of total shares to approximately 161 million after the distribution[6]. - The total cash dividend, including the amount from share repurchases, is RMB 11,288,744.99, accounting for 38.59% of the net profit attributable to shareholders[179][182]. - The proposed cash dividend for 2022 is RMB 0.58 per 10 shares (tax included), amounting to a total cash dividend of RMB 8,809,772.71, which represents 30.11% of the net profit attributable to shareholders[177][182]. Research and Development - Research and development expenses accounted for 7.88% of operating revenue, slightly up from 7.78% in 2021[24]. - The company applied for 123 new patents and obtained 105 authorized patents during the reporting period[43]. - Total R&D expenses increased by 17.14% year-over-year, reaching ¥61,503,192.20 compared to ¥52,504,092.82 in the previous year[62]. - The company has developed a large aperture transmission astronomical observation lens with a maximum aperture of 700mm and a maximum relative aperture of 1:0.8, which is at an international advanced level[53]. - The company’s R&D efforts led to breakthroughs in precision and ultra-precision processing technologies, enhancing capabilities in optical products[43]. - The company is focusing on expanding its product offerings in the optical imaging sector, targeting high-definition monitoring systems and automotive applications[66]. Market Trends and Industry Outlook - The optical industry is evolving with increasing demand for high-resolution optical systems, particularly in aerospace and defense sectors, with China completing 64 launch missions in 2022[47]. - The market for security monitoring is expanding due to the shift towards intelligent analysis, with high-definition and networked video surveillance becoming prevalent[48]. - The artificial intelligence core industry in China reached 508 billion yuan in 2022, growing 18% year-on-year, indicating a robust market for optical lens applications[49]. - The company anticipates significant growth in the optical lens industry driven by emerging applications in AI and IoT, with the AI core industry projected to exceed 600 billion yuan by 2026[49]. Operational Efficiency and Cost Management - The company is focused on optimizing its supply chain to gain competitive advantages through improved information flow, logistics, and financial management[45]. - The company aims to enhance its market position through ongoing R&D and product development initiatives, ensuring alignment with market demands[66]. - The company is adjusting its product structure to offer high cost-performance optical lenses to maintain market share[83]. - The company is focused on maintaining a strong governance structure with independent oversight from newly appointed directors[143]. Corporate Governance and Management - The company has a strong management team with a mix of experienced and younger executives, ensuring a balance of innovation and stability[143]. - The company is actively expanding its board with the appointment of three new independent directors, enhancing governance and oversight[143]. - The company emphasizes investor relations management, providing timely responses to investor inquiries through multiple channels[138]. - The company has established a "military-civilian integration" innovation development platform, leveraging deep technical expertise and talent resources accumulated since its founding in 1958[76]. Financial Position and Investments - Cash and cash equivalents decreased by 49.75% to CNY 138,370,725.54, down from CNY 275,363,360.74, primarily due to investments made with self-owned funds[113]. - Long-term equity investments increased by 104.77% to CNY 227,022,850.18, compared to CNY 110,866,460.04, attributed to new external investments[113]. - The company reported a total investment of 109.47 million RMB in private equity funds, with a reported loss of 524.85 thousand RMB during the reporting period[124]. - The company is exposed to financial risks due to fluctuations in exchange rates, as it primarily conducts export sales in USD[85]. Social Responsibility and Sustainability - The company invested 13.1 million yuan in environmental protection during the reporting period[200]. - The company emphasizes the protection of shareholder rights by ensuring clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[199]. - The company actively fulfills social responsibilities, including donations to charitable organizations and recognition from the Fujian Red Cross Society for contributions to humanitarian efforts[199]. - The company is committed to creating a safe and comfortable working environment for employees, focusing on their physical and mental health[199].