Kewell(688551)2023-04-14 16:00Financial Performance and Dividends - The company plans to distribute a cash dividend of RMB 3.70 per 10 shares, totaling RMB 29,712,187.70, which represents 47.75% of the net profit attributable to shareholders in 2022[9] - Revenue in 2022 increased by 51.56% year-on-year to RMB 375.14 million, driven by strong demand in the new energy sector and the company's technological and product advantages[27] - Net profit attributable to shareholders in 2022 rose by 9.33% year-on-year to RMB 62.22 million[27] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 44.04% year-on-year to RMB 44.72 million[27] - Operating cash flow in 2022 decreased by 180.41% year-on-year to RMB -9.63 million, mainly due to increased inventory for long-lead materials and higher operating deposits[28] - Basic earnings per share in 2022 increased by 9.86% year-on-year to RMB 0.78[27] - Weighted average return on equity (ROE) in 2022 was 6.29%, an increase of 0.23 percentage points compared to 2021[27] - The company's total assets in 2022 increased by 18.47% year-on-year to RMB 1.36 billion[27] - Revenue for 2022 reached 375 million RMB, a year-on-year increase of 51.56%[41] - The company achieved a net profit attributable to shareholders of 7.47 million RMB in Q1, 7.79 million RMB in Q2, 29.99 million RMB in Q3, and 16.97 million RMB in Q4[31] - Non-recurring gains and losses for 2022 totaled 17.50 million RMB, including government subsidies of 11.64 million RMB[33][34] - Revenue grew 51.56% year-over-year to 375.14 million yuan, driven by strong demand in new energy sectors[125] - Net profit attributable to shareholders increased by 9.33% to 62.22 million yuan[125] - R&D expenses rose 63.44% to 76.72 million yuan as the company expanded its product lines[127] - Operating cash flow turned negative at -9.63 million yuan due to increased material stockpiling and operational expenses[127] - Sales revenue for 2022 reached 200 million in revenue, accounting for 17% of total sales[197] - The hydrogen energy division achieved a 50% growth in revenue, reaching 1.44 billion[197] R&D and Innovation - R&D investment accounted for 20.45% of revenue in 2022, an increase of 1.49 percentage points compared to 2021[27] - The company's R&D efforts led to the launch of new product lines, including the C3000, E5000, G6000, and S7000 series, which are ready for mass production[41] - R&D expenses in 2022 were 76.72 million yuan, a 63.44% increase year-over-year, accounting for 20.45% of total revenue[46] - The company has accumulated 257 authorized patents, including 24 invention patents, with over 100 patents authorized in 2022[46] - The company's R&D projects include a control system for high-power DC and AC power, with a total investment of RMB 2.0 million and cumulative investment of RMB 150.02 million[94] - A power ripple generator project has reached the optimization stage, with a total investment of RMB 91.00 million and cumulative investment of RMB 110.45 million[94] - Development of a multi-channel data acquisition system for fuel cells and lithium batteries is in the trial production and debugging phase, with a total investment of RMB 334.00 million and cumulative investment of RMB 223.62 million[94] - The KAP320-2.0 software development project is in the verification stage, with a total investment of RMB 364.00 million and cumulative investment of RMB 19.54 million[94] - A 100kW power battery testing system project is in the development and verification stage, with a total investment of RMB 660.00 million and cumulative investment of RMB 49.35 million[94] - C3100 high-frequency DC power supply series development has completed prototype testing and is ready for small-batch production, with some models already in mass production[95] - G6000 high-precision programmable bidirectional AC power supply has entered small-batch trial production, with ongoing software and performance optimization[95] - E5000 high-precision DC electronic load series development has entered small-batch trial production, with performance optimization ongoing[95] - S7000 high-frequency bidirectional DC source-load system has entered small-batch trial production, with performance optimization ongoing[95] - High-power bidirectional DC power supply and load technology platform optimization has achieved voltage and current accuracy of 0.5%FS[96] - High-power bidirectional DC power supply 2.0 has entered small-batch trial production, establishing a modular power supply platform compatible with 1.5 and 2.0 generation products[96] - High-performance battery and motor simulation integrated machine has completed prototype debugging, meeting technical protocol requirements[96] - Electric vehicle AC/DC charging module test system has completed 2 sets of OBC test systems and is in the field verification stage[96] - Power battery EOL test system has optimized software interface and improved compatibility, enhancing testing convenience and shortening test cycles[96] - Power battery charge/discharge test system has improved voltage and current accuracy, increased communication speed, and added multiple software functions[96] - The company has developed a 200kW fuel cell stack testing system with a budget of 68.00 million, achieving 40.17 million in investment and 40.17 million in actual expenditure. The system aims to reach international advanced levels and promote domestic component substitution[97] - A 192.00 million budget is allocated for the development of an ultra-high-power fuel cell stack testing system, with 67.87 million invested and 67.87 million spent. This system is designed to fill the domestic gap and replace imported products[97] - The second-generation fuel cell engine testing system has a budget of 1,020.00 million, with 375.51 million invested and 741.59 million spent. It focuses on performance optimization and dynamic temperature control[97] - The small-power fuel cell stack testing system has a budget of 600.00 million, with 215.02 million invested and 458.44 million spent. It aims to achieve international competitiveness and standardize product series[98] - The 100W desktop fuel cell single-cell testing system has a budget of 144.00 million, with 55.54 million invested and 55.54 million spent. It targets durability and polarization characteristics testing[98] - The 500W electrolysis pool testing system has a budget of 128.00 million, with 73.44 million invested and 73.44 million spent. It aims to fill the domestic market gap and promote hydrogen energy product development[98] - The cost of the second-generation fuel cell stack test system was reduced by 18% compared to the original standard machine, and the volume was reduced by 45%[99] - The semiconductor device testing system achieved a revenue of 858 million yuan, with a cost of 402.57 million yuan and a profit of 857.05 million yuan[99] - The IGBT static test system achieved a revenue of 730 million yuan, with a cost of 331.31 million yuan and a profit of 634.33 million yuan[100] - The power device thermal characteristic test system achieved a revenue of 271 million yuan, with a cost of 39.38 million yuan and a profit of 107.30 million yuan[100] - The high-temperature reverse bias test system achieved a revenue of 95 million yuan, with a cost of 26.41 million yuan and a profit of 27.09 million yuan[100] - The IGBT packaging automation production line achieved a revenue of 1.0915 billion yuan, with a cost of 311.62 million yuan and a profit of 348.17 million yuan[100] - The silicon carbide module dynamic parameter test system achieved a revenue of 155.5 million yuan, with a cost of 198.23 million yuan and a profit of 678 million yuan[100] - The fully automatic ultrasonic aluminum wire bonding machine achieved a revenue of 474 million yuan, with a cost of 427.57 million yuan and a profit of 455.81 million yuan[100] - The M6000 V2.0 series achieved a revenue of 150 million yuan, with a cost of 117.66 million yuan and a profit of 117.66 million yuan[101] - The total revenue of all R&D projects was 20.8635 billion yuan, with a total cost of 6.75988 billion yuan and a total profit of 10.56616 billion yuan[101] - The number of R&D personnel increased to 259, a 15.63% year-on-year growth[109] - R&D personnel accounted for 46.76% of the total workforce, up from 46.00% in the previous period[105] - Total R&D personnel compensation reached 5,075.44, with an average salary of 19.83, up from 18.30[105] - The new generation fuel cell stack testing system reduced volume by 45%, improved humidity volume ratio by 80%, and enhanced dynamic response for dew point and pressure by 160% and 300% respectively[108] - The company's R&D strategy focuses on horizontal expansion into semiconductor equipment, automotive electronics, and medical fields, and vertical deepening in hydrogen energy and power semiconductor product lines[106] - R&D investment increased by 30% to 300 million[197] Corporate Governance and Compliance - The company's board of directors, supervisors, and senior management guarantee the authenticity, accuracy, and completeness of the annual report[5] - The company's audit report for 2022 was issued by Rongcheng Certified Public Accountants with an unqualified opinion[8] - The company's forward-looking statements, including business plans and development strategies, do not constitute substantive commitments to investors[10] - The company has no instances of non-operational fund occupation by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees[11] - The company's annual report includes detailed risk factors and corresponding measures in the "Management Discussion and Analysis" section[6] - The company's annual report is prepared in accordance with the "Company Law" and the "Articles of Association"[16] - The company held three shareholder meetings in the reporting period, ensuring compliance with legal and regulatory requirements and maintaining a robust corporate governance structure[177] - The company's board of directors consists of 9 members, including 4 independent directors and 5 non-independent directors, with 8 board meetings held during the reporting period[178] - The company revised and improved a series of internal systems, including the Articles of Association, Rules of Procedure for Shareholders' Meetings, and Rules of Procedure for Board Meetings, to enhance corporate governance[179] - The company is independent from its controlling shareholders and actual controllers in terms of business, personnel, assets, organization, and finance, with no guarantees or financial assistance provided to related parties[180][181] - The company strictly complied with information disclosure regulations, ensuring timely, accurate, and complete disclosure of major information without any leaks[182] - The company strengthened investor relations management through various channels, including on-site research, conference calls, investor hotlines, and the SSE e-interaction platform[183] - The company optimized its internal control system to improve risk prevention and standardized operation levels[184] - The company implemented a strict insider information management system to prevent information disclosure violations[185] - The 2021 annual shareholders' meeting approved key reports, including the 2021 annual report, board and supervisory board work reports, and financial budget reports[188] -