博众精工(688097) - 2022 Q4 - 年度财报

Financial Performance - Revenue in 2022 reached 48.115 billion yuan, a 25.72% increase compared to the previous year, driven by technological innovation, market expansion, and breakthroughs in the new energy sector, enhancing core product competitiveness and expanding the customer base[31] - The company achieved total sales orders of approximately 5.46 billion yuan in 2022, an increase of 8% year-over-year, with 3C business sales orders at 3.71 billion yuan, maintaining a historically high level, and new energy business sales orders at 1.39 billion yuan, an 81% increase year-over-year, indicating rapid growth in the new energy sector[40] - The company's 3C business revenue in 2022 was 35.482 billion yuan, a 9.34% increase year-over-year, accounting for 73.74% of total revenue, demonstrating strong performance in the consumer electronics sector despite industry pressures[41] - Basic earnings per share (EPS) in 2022 were 0.815 yuan, a 62.03% increase compared to 2021, while diluted EPS also increased by 62.03% to 0.815 yuan, reflecting significant profit growth[31] - The weighted average return on equity (ROE) in 2022 was 12.40%, an increase of 3.25 percentage points compared to 2021, indicating improved profitability and efficiency[31] - Net profit attributable to shareholders was 331.42 million yuan, a year-on-year increase of 71.43%[55] - Net profit attributable to shareholders after deducting non-recurring gains and losses was 312.32 million yuan, a year-on-year increase of 129.38%[55] - Total revenue for 2022 was 4.81 billion yuan, a year-on-year increase of 25.72%[53] - Revenue in Q4 2022 was 1.77 billion yuan, the highest among all quarters[58] - Net profit attributable to shareholders in Q3 2022 was 216.83 million yuan, the highest among all quarters[58] - Revenue for the reporting period reached 4,811.51 million yuan, a year-on-year increase of 25.72%[62] - Net profit attributable to shareholders of the listed company was 331.42 million yuan, a year-on-year increase of 71.43%[62] - The company's net profit attributable to the parent company in 2022 was 331.42 million yuan, with the parent company's net profit at 319.53 million yuan[168] - The parent company's distributable profit at the end of 2022 was 1.18 billion yuan[168] Business Segments and Market Expansion - The company has multiple subsidiaries, including Bozhon Precision Industry Technology Co., Ltd., Suzhou Fantest Measurement and Control Technology Co., Ltd., and Bozhon Inc. (USA)[13] - The company successfully entered the supply chain of leading clients such as CATL and achieved significant breakthroughs with clients like SVOLT, securing substantial mass production orders[66] - The company is actively expanding into overseas markets, particularly in Europe and the US, focusing on lithium battery equipment[67] - In the semiconductor field, the company launched high-precision eutectic machines and chip appearance inspection AOI equipment, achieving initial sales and breakthroughs[69] - The company's core components, including industrial robots and direct-drive motor systems, have seen stable growth and expanded into overseas markets[90] - The company's strategic layout in the semiconductor sector includes extending to front-end wafer AOI inspection equipment, with initial sales and positive customer feedback[184] - The company's core business in the consumer electronics sector focuses on precision assembly, precision testing, precision measurement, and precision bonding, providing equipment such as precision assembly lines, precision measurement devices, and precision bonding devices[190] - The company's equipment is applied across a wide range of consumer electronic products, including smartphones, tablets, TWS Bluetooth earphones, smartwatches, laptops, smart speakers, and AR/VR products, covering both the assembly and testing phases of the production process[194] - In the new energy sector, the company aims to specialize and refine its offerings, achieving rapid growth by providing standard lithium battery manufacturing equipment such as liquid injection machines, high-speed stacking machines, and cell assembly machines, as well as intelligent charging and swapping stations and automotive parts production equipment[196] - The company entered the charging and swapping station field in 2018, providing fully automatic charging and swapping stations for NIO, and has a first-mover advantage in this area[199] R&D and Innovation - R&D investment accounted for 10.26% of revenue in 2022, a decrease of 1.81 percentage points compared to 2021, reflecting a slight reduction in R&D spending relative to revenue growth[31] - The company launched a flexible modular production line for the FATP (Final Assembly, Test, and Pack) segment, featuring high automation, flexibility, and compatibility, which has already received formal orders and entered mass production, with potential for large-scale industry adoption[43] - The company developed high-precision UV ink online printing technology, overcoming technical challenges and achieving mass production, with potential applications in 3C and related electronic product lines[75] - The company successfully developed a battery-swapping robot with active correction technology, improving the success rate and mechanical lifespan of battery swaps[77] - The company's smart charging and swapping station products have a self-supply rate of 80%, with new chassis swapping technology enhancing competitiveness[86] - The company has accumulated 2,356 patents, including 1,036 invention patents, and ranks 7th in Jiangsu Province for authorized invention patents[91] - The high-speed stacking machine for lithium batteries achieved a breakthrough with a stacking efficiency of 0.125s/pcs, gaining recognition and bulk orders from leading lithium battery companies[93] - The company developed high-precision eutectic machines for the optoelectronics and laser industries, achieving sales and marking a breakthrough in high-end equipment[94] - The company's semiconductor equipment achieved sales, marking a critical step from 0 to 1 in the high-end equipment sector[95] - The company's new energy flat wire motor rotor production line equipment achieved mass production, with a line cycle time of 90s and full automation[93] - The company's special lenses received certification from leading new energy companies, solving key imaging challenges in customer processes[90] - The company launched a new industrial robot speed prediction algorithm, which has been successfully applied in scenarios such as notebook shell grinding, mouse shell polishing, and robot dispensing, with small batch orders for grinding and polishing projects and bulk orders for dispensing applications[145] - The company's core components business has expanded its product matrix, with a key R&D project on a dispensing control system to strengthen its capabilities in 3C dispensing applications[145] Corporate Governance and Shareholder Information - The company's 2022 annual report has been audited by Lixin Certified Public Accountants (Special General Partnership) and received a standard unqualified audit report[6] - The company's 2022 profit distribution plan, approved by the board of directors, does not include cash dividends, stock dividends, or capital reserve to share capital conversion[18] - The company's 2022 annual report includes a risk factors section in the "Management Discussion and Analysis" section, which investors should pay attention to[5] - The company's 2022 annual report has been prepared in accordance with the relevant regulations and has been reviewed and approved by the board of directors[4] - The company's 2022 annual report includes a section on the company's governance structure and important matters[8] - The company's 2022 annual report includes a section on the company's financial statements, which have been signed and sealed by the company's responsible person, the person in charge of accounting work, and the person in charge of the accounting institution[11] - The company's registered address is No. 666, West Huxin Road, Wujiang Economic and Technological Development Zone, and its office address is the same[15] - The company's legal representative is Lü Shaolin[15] - The company's website is http://www.bozhon.com/, and its email address is zhengquanbu@bozhon.com[15] - The company issued 40,404,040 A shares to 10 specific investors, with the new shares registered on December 8, 2022, and all are restricted shares[127][134] - The total share capital increased from 402,516,500 shares to 444,305,790 shares due to the issuance of shares to specific investors and the exercise of stock options[135] - 330 employees exercised stock options, resulting in the issuance of 1,385,250 A shares at RMB 4.16 per share, raising RMB 5,762,640 in total[128] - The company's registered capital and total share capital both reached RMB 403,901,750 after the stock option exercise[128] - The largest shareholder, Suzhou Zhonger Equity Investment Partnership, holds 154,728,000 shares, representing 34.82% of the total shares[138] - The second-largest shareholder, Jiangsu Bozhong Intelligent Technology Group, holds 129,672,000 shares, representing 29.19% of the total shares[138] - The company's top 10 shareholders collectively hold a significant portion of the shares, with the top two shareholders alone holding over 60% of the total shares[138] - The company's stock options were exercised at a price of RMB 4.16 per share, with a total capital premium of RMB 4,377,390 recorded as capital reserve[128] - The company's total share capital increased by approximately 10.4% due to the issuance of new shares and the exercise of stock options[135] - The company's largest shareholder, Suzhou Zhonger Equity Investment Partnership, has all its shares under restricted conditions, with no changes during the reporting period[138] - The company successfully raised a net amount of RMB 982,949,093.27 through a private placement, optimizing its capital structure and providing financial support for business expansion[147] - The company completed the 2022 restricted stock incentive plan and the second exercise of the 2020 stock options, establishing a long-term incentive mechanism to motivate core management, technical, and business teams[148] - The company's equity incentive plan includes details on the number of shares, percentage of total shares, number of participants, and grant price[173] - The company's 2022 Restricted Stock Incentive Plan achieved the trigger value, with a total share-based payment expense of RMB 19,794,826.92[176] - The 2020 Stock Option Incentive Plan also achieved the trigger value, with a total share-based payment expense of RMB 17,730,095.68[176] - A total of 2,966,000 restricted shares were granted under the 2022 Restricted Stock Incentive Plan, with a grant price of RMB 9.66 per share[177] - The company granted 4.00 million restricted shares to 13 incentive recipients on May 23, 2022, at a grant price of RMB 9.66 per share[180] - In the second exercise period of the 2020 Stock Option Incentive Plan, 330 incentive recipients exercised 1,385,250 shares, raising RMB 5,762,640 in equity capital[180] - The 2020 Stock Option Incentive Plan's second exercise period saw 336 eligible incentive recipients, with 142.05 million stock options exercisable, accounting for 0.35% of the company's total shares[180] - The company's total registered capital increased to RMB 403,901,750.00 after the exercise of stock options in the second exercise period of the 2020 Stock Option Incentive Plan[180] Human Resources and Talent Development - The company's total number of employees is 5,702, with 3,506 in the parent company and 2,196 in major subsidiaries[163] - The company has 1,097 production personnel, 1,938 sales personnel, 1,909 technical personnel, 54 financial personnel, 413 administrative personnel, and 291 management personnel[163] - The company's employees consist of 1,988 with a bachelor's degree or higher, 2,994 with an associate degree, and 720 with education below an associate degree[163] - The company has a dual-channel career development mechanism for management and technical professionals, with a focus on performance-based salary adjustments and annual bonuses[164] - The company plans to implement a talent development program over 2-3 years, focusing on leadership training and key position empowerment[167] Operational Efficiency and Cost Management - Operating cash flow in 2022 was -7.1432 million yuan, showing improvement compared to the previous year, attributed to increased profits and enhanced procurement payment controls[32] - The company focuses on cost reduction and efficiency improvement across multiple dimensions including production, procurement, sales, warehousing, logistics, finance, and human resources, enhancing profitability[146] - The company did not distribute cash dividends in 2022, with retained profits to be used for R&D, production expansion, and daily operations[172] Subsidiaries and Strategic Initiatives - The company's subsidiary, Linghou Robot, has an independent optoelectronics laboratory focusing on machine vision and related fields, with key components widely used in 3C, new energy, semiconductor, photovoltaic, and packaging industries[181] - The company is actively expanding into the semiconductor sector, focusing on backend packaging and testing equipment, and has launched AOI inspection machines and fully automatic high-precision eutectic machines[184] - The company signed an RMB 800 million framework procurement agreement with Turkish J.S company, with the first production line currently under fulfillment[88] - Industrial robot product shipments exceeded 3,000 units, securing the top recommendation from a major international smartphone brand for 2023[90]