Lante Optics(688127)2023-04-18 16:00Financial Performance - The company has not achieved profitability since its listing[4]. - The company achieved operating revenue of ¥380,366,107.43 in 2022, a decrease of 8.45% compared to the previous year, primarily due to a decline in sales of long bar prism products[24]. - Net profit attributable to shareholders was ¥96,068,395.87, down 31.38% year-on-year, mainly due to changes in revenue structure leading to a 12.46 percentage point decrease in gross margin[24]. - Basic earnings per share were ¥0.24, a decrease of 31.43% from the previous year, while diluted earnings per share also stood at ¥0.24[23]. - The company's net assets attributable to shareholders increased by 2.29% to ¥1,505,381,236.10, while total assets grew by 15.40% to ¥1,926,668,701.06, driven by increased fixed asset investments[25]. - The net cash flow from operating activities was ¥66,209,410.73, a decrease of 62.27% from the previous year[24]. - The company reported a net profit of ¥31,317,273.52 in Q4 2022, which was the highest quarterly profit for the year[27]. - The company experienced a significant decline in net profit after deducting non-recurring gains, which was ¥34,337,000.97, down 67.61% year-on-year[24]. - The weighted average return on equity decreased to 6.48%, down 3.36 percentage points from the previous year[23]. - The gross profit margin decreased by 12.46 percentage points due to changes in revenue structure[82]. - Operating costs rose by 14.39% to ¥237,319,374.91, influenced by the change in revenue structure[84]. - The company's total revenue for the year was 378,581,429.87, a decrease of 8.72% compared to the previous year[90]. - Domestic revenue was 242,306,201.68, down 5.86%, while international revenue was 136,275,228.19, down 13.39%[90][91]. Research and Development - Research and development expenses accounted for 17.42% of operating revenue, an increase of 6.81 percentage points compared to the previous year[23]. - R&D expenses reached CNY 66,246,901.87, a 50.30% increase year-on-year, with R&D personnel growing by 130% to 299[35]. - The company applied for a total of 9 new patents during the reporting period, including 1 invention patent and 8 utility model patents, bringing the cumulative total to 79 patents[50]. - The company has invested a total of 40.61 million allocated in the current period[56]. - The company is focusing on R&D investment in consumer electronics, automotive intelligent driving, AR, and micro-nano optics to enhance market competitiveness[116]. - The company has established several high-tech research and development centers, enhancing its technological innovation capabilities[71]. - The company has committed to continuing R&D investments in 2023 to maintain its competitive advantage, with increasing operational capital requirements due to ongoing project investments[153]. Operational Risks and Governance - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company has a commitment to transparency and has ensured that all board members can guarantee the authenticity of the annual report[9]. - The company is under continuous supervision by Huatai United Securities Co., Ltd. until December 31, 2023[21]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making processes[119]. - The company has implemented a performance evaluation mechanism for senior management, with annual performance assessments and bonus proposals approved by the board[156]. - The company has a structured plan for managing information security risks, ensuring the safety of electronic information[185]. Market and Product Development - The optical optoelectronic industry is experiencing rapid growth, driven by advancements in 5G communication technology, AI, and smart devices, with significant investments being made in this sector[42]. - The company is actively pursuing innovation in optical imaging technology, which is essential for the development of next-generation consumer electronics[45]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[127]. - A strategic acquisition of a smaller tech firm is anticipated to enhance the company's R&D capabilities and is expected to close by Q3 2023[127]. - The company is committed to expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[109]. Environmental and Social Responsibility - The company has established a stable operation of pollution prevention facilities, ensuring that all pollutants are consistently within discharge standards[164]. - The company emphasizes green development and environmental protection, adhering to national and local environmental laws and regulations[160]. - The company invested a total of 639,600 yuan in charitable activities during the reporting period, including 600,000 yuan in cash donations and 39,600 yuan in material donations[175]. - The company has implemented carbon reduction measures, including the use of clean energy for power generation and high-efficiency electromechanical equipment[172]. Employee and Management - The total remuneration for the board members during the reporting period amounted to ¥274.58 million, with a slight decrease in shareholding by some executives[124]. - The total number of employees in the parent company and major subsidiaries is 1,115, with 736 in production, 299 in technical roles, and 23 in sales[147]. - The company emphasizes the importance of talent development and plans to enhance employee training and career development opportunities[116]. - The average salary for R&D personnel decreased slightly to 21.37 million from 22.32 million[70]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 1.32 billion[127]. - New product launches are expected to contribute an additional 200 million in revenue, with a focus on innovative optical technologies[127]. - The company plans to increase its workforce by 15% to support growth initiatives and new product development[127]. - The company aims to achieve early production and early returns from new projects by advancing project construction progress[116].