Shijia Photons(SH:688313)2023-04-21 16:00Financial Performance - The company's operating revenue for 2022 was CNY 903,262,329.39, representing a year-on-year increase of 10.51% compared to CNY 817,341,486.92 in 2021[24]. - The net profit attributable to shareholders for 2022 was CNY 64,291,654.27, which is an increase of 28.16% from CNY 50,164,244.38 in the previous year[24]. - The net profit after deducting non-recurring gains and losses reached CNY 39,267,586.27, a significant increase of 279.26% compared to CNY 10,353,858.26 in 2021[24]. - The net cash flow from operating activities for 2022 was CNY 134,751,910.84, up 295.80% from CNY 34,045,245.99 in 2021[24]. - The company's basic and diluted earnings per share increased by 28.73% to CNY 0.1407 compared to the previous year[25]. - The company achieved a revenue of 903.26 million yuan in 2022, representing a year-on-year growth of 10.51%[35]. - Net profit attributable to shareholders was 64.29 million yuan, up 28.16% year-on-year, while the net profit excluding non-recurring items reached 39.27 million yuan, a significant increase of 279.26%[35]. - The net cash flow from operating activities was 134.75 million yuan, reflecting a remarkable growth of 295.80% compared to the previous year[35]. Dividend and Share Repurchase - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling approximately RMB 22,690,116.40 (including tax) based on a total share count of 458,802,328 shares as of December 31, 2022[5]. - The total cash dividend amount proposed is RMB 73,796,591.27, which represents 114.78% of the net profit attributable to shareholders for the year 2022[6]. - The company repurchased shares amounting to RMB 51,106,474.87 during 2022, which is considered equivalent to cash dividends under the regulations[6]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[4]. - The company faces risks related to technological upgrades and potential R&D failures, which could impact its core competitiveness if not managed effectively[107]. - The company is addressing the risk of key talent loss by offering competitive compensation and equity incentives to retain its technical team[108]. - The company is exposed to intensified market competition, which could lead to price declines and affect profitability if market demand does not meet expectations[110]. Research and Development - Research and development expenses accounted for 8.90% of operating revenue, a decrease of 0.89 percentage points from the previous year[25]. - The company has developed over 20 types of passive optical splitters and has gained recognition as a leading manufacturer in the global market[67]. - The company has established a robust R&D system and management framework, enhancing its core capabilities in chip design, wafer manufacturing, and packaging testing, achieving significant breakthroughs in core technologies[78]. - The company has developed a total of 43 proprietary technologies related to optical chips and devices, with many protected by patents, indicating a strong focus on innovation and intellectual property[79][80]. - The total R&D investment for the year was approximately ¥80.35 million, representing a slight increase of 0.43% compared to the previous year, while the R&D investment as a percentage of operating income decreased from 9.79% to 8.90%[91]. Market Position and Strategy - The company is focused on expanding its market presence in data centers and 4G/5G infrastructure, leveraging its innovative product offerings[40]. - The company is actively pursuing new product development and market expansion, particularly in the 5G and data center sectors, to enhance its competitive edge[106]. - The company aims to enhance its competitive edge in the optical communication and interconnection sectors by focusing on self-developed optical chips and continuous R&D investment[152]. - The company plans to strengthen its talent acquisition and development strategy to enhance its R&D and marketing capabilities[153]. - The company intends to expand its market presence by optimizing its marketing organization and enhancing its sales team's capabilities[156]. Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the financial report, ensuring no significant omissions or misleading statements[4]. - The company has not disclosed any special arrangements for corporate governance[7]. - The company received a warning letter from the China Securities Regulatory Commission for failing to disclose government subsidies in a timely manner and not following decision-making procedures for related party transactions[186]. - The company has revised its governance structure in accordance with the latest regulations to protect the interests of shareholders[168]. Operational Efficiency - The company emphasizes continuous improvement in production processes to enhance product reliability and performance[49]. - The operational plan for 2023 emphasizes high-quality growth and efficiency, with a focus on cost management and product quality[159]. - The company will continue to attract and retain high-level R&D and marketing talents, establishing a robust training and promotion system to ensure core talent stability[165]. - The company plans to establish a comprehensive end-to-end order operation system to improve sales order forecasting and delivery accuracy[163]. Financial Management - The company reported a net cash outflow from investment activities of -348,789,932.45 RMB, mainly due to the purchase of financial products[137]. - Cash and cash equivalents decreased by 64.78% to ¥167,507,076.33, primarily due to the purchase of financial products during the reporting period[138]. - The company has a contractual obligation to repurchase shares in 河南仕佳电子技术有限公司, with a 54.55% direct ownership stake[147]. - Total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to RMB 6.1555 million[186]. Product Development - The company is focusing on the development of high-performance packaging technologies for semiconductor optoelectronic devices, which will improve product reliability and performance[80]. - The company has made significant advancements in both passive and active optical chips, expanding its product offerings in the optical communication sector[99]. - The company is recognized for its advancements in core technologies for optical chips, contributing to the growth of domestic optical module manufacturers[66]. - The company has optimized its customer structure by strengthening partnerships with major system equipment manufacturers and expanding its international market presence[105].