Darbond Technology (688035)2023-04-14 16:00Financial Performance - The company's operating revenue for 2022 was CNY 928.52 million, representing a year-on-year increase of 58.90%[22]. - Net profit attributable to shareholders for 2022 was CNY 123.01 million, up 62.09% compared to the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 100.29 million, reflecting a 58.19% increase year-on-year[22]. - The company's total assets reached CNY 2.58 billion at the end of 2022, a 213.42% increase from the previous year[22]. - The basic earnings per share for 2022 was CNY 1.06, an increase of 47.27% compared to 2021[23]. - The company's net assets attributable to shareholders grew by 270.84% year-on-year, and total assets increased by 213.42%, primarily due to the successful IPO in September 2021 and continuous profitability[26]. - The weighted average return on equity was 11.97%, a decrease of 2.44 percentage points from the previous year, as net profit growth outpaced net asset growth[26]. - The comprehensive gross margin for the reporting period was 30.37%, a decrease of 4.22 percentage points year-on-year, primarily due to changes in revenue structure[102]. - The gross profit margin for the overall business was 30.37%, a decrease of 4.22 percentage points compared to the previous year[105]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2022, representing a growth of 15% year-over-year[165]. Research and Development - Research and development expenses accounted for 5.03% of operating revenue in 2022, a slight decrease from 5.25% in 2021[23]. - R&D investment for 2022 was 46.67 million RMB, a 52.21% increase year-on-year, accounting for 5.03% of total revenue, with 59 new patent applications filed[37]. - The company has applied for a total of 639 invention patents, with 285 granted, including 59 new applications and 29 new grants during the reporting period[71]. - The company has increased its R&D personnel by 46.91% to 119, with R&D staff now making up 18.51% of the total workforce[37]. - The company is focusing on high-performance electronic packaging materials, with a complete R&D and production system in place[84]. - The company is committed to the development of new materials that meet high-performance standards, with a focus on applications in electronics, automotive, and renewable energy sectors[78]. Market and Product Development - The company successfully expanded its customer base and developed new products in the integrated circuit packaging materials sector, contributing to revenue growth[24]. - In the smart terminal packaging materials sector, the company improved industry penetration through benchmark customer effects, leading to new business growth points[24]. - The company capitalized on the rapid growth of the power battery industry, significantly increasing revenue from power battery packaging materials[24]. - The company maintained a leading market position in power battery packaging materials, supplying major clients like CATL and BYD, and continued to expand its market share in photovoltaic materials[42]. - The company is actively involved in the photovoltaic industry, focusing on advanced packaging technologies to enhance component efficiency[64]. - The company is exploring partnerships with leading tech firms to leverage synergies and expand its product offerings[168]. Corporate Governance - The company has received a standard unqualified audit report from Yongtuo Accounting Firm[7]. - The company has confirmed that all board members can guarantee the authenticity, accuracy, and completeness of the annual report[9]. - The company has established a governance structure that includes a general meeting of shareholders, a board of directors, a supervisory board, and management, ensuring effective checks and balances[193][196]. - The company has maintained compliance with corporate governance regulations as per the Company Law and Securities Law[153]. - The company has not reported any conflicts of interest with its controlling shareholders[153]. Cash Flow and Investments - The net cash flow from operating activities was -82.90 million RMB, a decline attributed to increased inventory and accounts receivable due to business expansion[25]. - The company's investment activities resulted in a net cash outflow of 841.30 million RMB, primarily due to the purchase of structured deposit products[99]. - The net cash flow from financing activities was 1.51 billion RMB, a significant increase of 716.49% due to funds received from the IPO[121]. - The company is investing heavily in R&D, with a budget increase of 20% for 2023, totaling 240 million, to enhance technology development and innovation[165]. Environmental Compliance - The company invested RMB 3,537,700 in environmental protection during the reporting period[198]. - The company is classified as a key pollutant discharge unit and has implemented measures to ensure compliance with environmental standards[199]. - The company has implemented compliance measures for hazardous waste management, including third-party processing of hazardous materials[200]. Dividend Policy - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling RMB 42,672,000.00, which represents 34.69% of the net profit attributable to shareholders[7]. - The company has maintained a clear and compliant dividend policy, ensuring the protection of minority shareholders' rights[187][188].