INVENGO(SZ:002161)2023-04-28 16:00Financial Performance - The company reported a significant impact on its financial performance due to the loss of control over Siwei Liekong, leading to fluctuations in its financial assets measured at fair value[4]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The company's operating revenue for 2022 was ¥480,859,008.51, a decrease of 2.31% compared to ¥492,247,444.78 in 2021[24]. - The net profit attributable to shareholders was -¥30,022,859.80, an improvement of 54.60% from -¥66,125,108.53 in the previous year[24]. - The net cash flow from operating activities was ¥4,701,053.36, down 95.35% from ¥101,031,121.97 in 2021[24]. - The basic earnings per share for 2022 was -¥0.0406, a 54.59% improvement from -¥0.0894 in 2021[24]. - Total revenue for 2022 was ¥480,859,008.51, a decrease of 2.31% compared to ¥492,247,444.78 in 2021[70]. - Revenue from the IoT industry was ¥455,380,926.58, accounting for 94.70% of total revenue, with a year-on-year decrease of 1.79%[70]. - Domestic revenue increased by 2.35% to ¥359,910,090.61, while international revenue decreased by 13.97% to ¥120,948,917.90[70]. - The company reported a total investment income of ¥46,890,916.11, which accounted for -102.45% of total profit, primarily from long-term equity investments and dividends received[87]. - The company experienced a fair value loss of -¥26,014,764.76, which represented 56.84% of total profit, mainly from changes in the fair value of non-current financial assets[87]. Assets and Liabilities - The company's total assets and liabilities are subject to fluctuations based on the stock price of Siwei Liekong, which may affect its current profit and loss[4]. - Total assets at the end of 2022 were ¥2,788,271,522.76, an increase of 1.40% from ¥2,749,771,348.75 at the end of 2021[24]. - Cash and cash equivalents decreased from ¥434,349,642.43 (15.80%) at the beginning of 2022 to ¥371,193,394.64 (13.31%) at the end of 2022, a reduction of 2.49% due to repayment of bank loans and construction payments[88]. - Inventory increased from ¥141,814,492.20 (5.16%) at the beginning of 2022 to ¥184,662,771.88 (6.62%) at the end of 2022, an increase of 1.46% driven by proactive stocking to control material costs and meet order growth[88]. - Long-term equity investments rose from ¥254,988,362.59 (9.27%) at the beginning of 2022 to ¥280,439,993.97 (10.06%) at the end of 2022, an increase of 0.79% due to the increase in equity method accounted investments[88]. - Short-term borrowings decreased from ¥456,000,000.00 (16.58%) at the beginning of 2022 to ¥375,815,967.13 (13.48%) at the end of 2022, a decrease of 3.10% as the company rationalized funding needs[88]. - Contract liabilities increased from ¥40,554,683.58 (1.47%) at the beginning of 2022 to ¥55,417,675.57 (1.99%) at the end of 2022, an increase of 0.52% with no significant changes[88]. Business Operations - The company has not reported any changes in its main business since its listing[23]. - The company has a fully owned subsidiary, Shenzhen Invengo Technology Co., Ltd., which is involved in the RFID industry[17]. - The company is positioned in the rapidly growing IoT industry, supported by government policies aimed at enhancing digital economy and infrastructure[34]. - The company noted that the IoT market is expanding with new applications in smart transportation, smart retail, and smart homes, driving demand for IoT devices[35]. - The company has developed over 100 types of core RFID products, including electronic tags, readers, handheld devices, chips, and antennas[45]. - The company has successfully expanded its market share in the railway electronic tag sector and achieved significant revenue growth in urban rail transit[51]. - The company is focused on integrating RFID technology solutions across various industries, including power, healthcare, anti-counterfeiting, and asset management[42]. - The company has launched new railway-specific handheld devices and received market orders for them[51]. - The company achieved profitability in the European and African markets through cross-border e-commerce channels and established strategic partnerships in key countries[57]. - The company developed a new RFID mobile inventory cart and integrated reader, which have been successfully applied in the tobacco industry for information management[62]. Research and Development - The company has established a research and development center and a dynamic performance testing center for RFID products, enhancing its innovation capabilities[45]. - R&D investment amounted to ¥69,405,098.38 in 2022, a decrease of 8.13% from ¥75,546,079.88 in 2021, representing 14.43% of operating revenue[82]. - The number of R&D personnel decreased to 133 in 2022, down 6.34% from 142 in 2021, with a proportion of 21.76%[82]. - The company is developing a new generation of high-frequency RFID readers, aiming to achieve world-leading product performance and establish a competitive advantage[81]. - The portable RFID reader series has been developed to enhance the general RFID product line, promoting revenue growth[81]. - The company has completed the development of railway detection chips, aiming to improve detection capabilities and expand its railway business product line[81]. - The company has improved its net profit excluding non-recurring gains and losses, which was -¥33,751,572.25 in 2022, a 58.75% improvement from -¥81,824,471.76 in 2021[24]. Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[4]. - The company has established a comprehensive governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[124]. - The company has implemented performance evaluation and incentive mechanisms to enhance human resource management and operational standards[127]. - The company actively engages with stakeholders to balance interests and promote sustainable development through various communication channels[130]. - The company has maintained a stable board composition with several members serving since 2012[135][136]. - The company is committed to maintaining high standards of corporate governance following the recent changes in its board of directors[138]. - The internal control system has been established and improved according to relevant laws and regulations, enhancing the company's governance level[171]. - The company actively conducted various internal system checks and audits to promote compliance operations during the reporting period[171]. Market and Competition - The company faces intensified market competition in the IoT sector, which is a strategic emerging industry with significant growth potential[115]. - International trade risks are present due to diverse legal environments, economic policies, and market conditions across different countries, impacting overseas business management and operational efficiency[116]. - The company is focusing on cultivating new businesses and seizing opportunities in emerging sub-sectors within the IoT industry[117]. - Continuous improvement of international business management and integration is a priority to enhance profitability and operational capabilities[118]. - The company aims to optimize organizational structure and improve management efficiency to ensure effective business operations[119]. Employee and Training - The total number of employees at the end of the reporting period was 611, with 364 in major subsidiaries[163]. - The company plans to conduct 117 training courses in 2022, achieving a 100% completion rate[165]. - The employee stock ownership plan included 87 employees holding a total of 8,099,053 shares, representing 1.09% of the company's total shares[169]. - The company has a performance-based salary policy to enhance employee motivation and efficiency[164]. - The educational background of employees includes 2 with PhDs, 47 with master's degrees, and 329 with bachelor's degrees[163]. Strategic Plans - The company aims to become a leading provider of RFID technology solutions in the railway, library, and retail sectors, focusing on enhancing product quality and service[103]. - The company plans to invest in R&D for new products, including a comprehensive RFID solution for the apparel retail industry, addressing the growing demand for electronic tags[111]. - The company is targeting a 3-5 year timeline to become a leader in the RFID application industry for apparel retail, leveraging the rapid growth of the global RFID market[110]. - The company is expanding its international presence, aiming to enhance brand influence and become a significant RFID supplier in key global markets[113]. - The company is focusing on expanding its RFID business, which is expected to drive future growth and market presence[144]. - The company is exploring new market opportunities in the international arena to diversify its revenue streams[144]. Miscellaneous - The company’s registered address is located at 27-28th Floor, High-tech Joint Headquarters Building, No. 63, Gaoxin South 10th Road, Nanshan District, Shenzhen[20]. - The company’s stock code is 002161, and it is listed on the Shenzhen Stock Exchange[20]. - The company’s official website is http://www.invengo.cn, providing access to its financial disclosures and reports[20]. - The company has not encountered any major issues during the integration of subsidiaries, indicating smooth management control[173]. - There were no significant environmental penalties or issues reported during the period[182]. - The company did not engage in any poverty alleviation or rural revitalization efforts in 2022[179]. - There were no major lawsuits or arbitration matters during the reporting period[189]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[188].