WUS(SZ:002463)2023-03-23 16:00Financial Performance - The company's operating revenue for 2022 was ¥8,336,030,158, representing a 12.36% increase compared to ¥7,418,710,047 in 2021[18]. - The net profit attributable to shareholders for 2022 was ¥1,361,574,992, a 28.03% increase from ¥1,063,500,828 in 2021[18]. - The net profit after deducting non-recurring gains and losses was ¥1,264,664,764, up 32.21% from ¥956,563,256 in 2021[18]. - The net cash flow from operating activities for 2022 was ¥1,565,768,541, an 11.01% increase from ¥1,410,432,087 in 2021[18]. - The basic earnings per share for 2022 was ¥0.7179, a 27.38% increase from ¥0.5636 in 2021[18]. - The total assets at the end of 2022 were ¥12,501,322,508, a 7.32% increase from ¥11,648,660,084 at the end of 2021[18]. - The net assets attributable to shareholders at the end of 2022 were ¥8,266,898,543, reflecting a 14.27% increase from ¥7,234,330,170 at the end of 2021[18]. - The company reported a significant increase in revenue for 2022, reaching a total of 1.5 billion RMB, representing a year-over-year growth of 20%[118]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2022, representing a growth of 15% year-over-year[148]. Dividend Distribution - The company plans to distribute cash dividends of 1.5 RMB per 10 shares, totaling 284,591,748 RMB based on the total share capital of 1,897,278,320 shares as of December 31, 2022[4]. - A cash dividend of 1.5 CNY per 10 shares (including tax) is proposed, totaling 284,591,748 CNY, which represents 100% of the distributable profit[173]. - The cash dividend policy complies with the company's articles of association and has been approved by the shareholders' meeting[173]. Market and Industry Outlook - The PCB market is expected to face challenges in 2023, with a projected decline in global PCB output value by 4.13%[25]. - The global PCB market is forecasted to grow at a compound annual growth rate of approximately 3.8% from 2022 to 2027, reaching about $98.39 billion by 2027[26]. - The automotive electronics market is projected to continue its steady growth in 2023, driven by trends in electrification, intelligence, and connectivity[48]. - The enterprise communication market is facing uncertainties due to global economic slowdown and inflation, leading to concerns about sustainable demand levels[43]. Strategic Planning and Investments - The company’s strategic planning includes potential market expansions and new product developments, although specific figures are not disclosed[5]. - The company is investing in a new production base in Thailand to enhance its industrial layout and respond flexibly to macroeconomic fluctuations and international trade dynamics[39]. - The company plans to invest approximately RMB 776 million to accelerate the expansion of high-end HDI capacity in the automotive sector[48]. - The company is considering strategic acquisitions to bolster its market position, targeting firms with a combined revenue of 500 million[148]. - The company plans to establish a new production base in Thailand and a wholly-owned subsidiary in Singapore to expand its business operations[160]. Research and Development - The company’s R&D expenses for 2022 were approximately ¥468,490,648, reflecting a 14.03% increase from ¥410,855,747 in 2021[61]. - Investment in R&D increased by 30% in 2022, focusing on new technologies in semiconductor testing and high-frequency communication[119]. - The number of R&D personnel increased to 1,054 in 2022, up 6.25% from 992 in 2021, with a higher proportion of R&D staff now at 13.07% of total employees[67]. - The company is focusing on technology innovation and product upgrades to meet the increasing demand for high-end automotive boards with complex requirements[47]. Risk Management - The company emphasizes the importance of recognizing risks such as industry competition, exchange rate fluctuations, and raw material price volatility, which could impact future performance[5]. - Raw materials accounted for over 50% of the company's main business costs, with risks related to supply stability and price fluctuations impacting future production and profitability[111]. - The company has implemented product liability insurance and error and omission insurance to mitigate potential compensation risks associated with product quality issues[112]. - The company is closely monitoring the developments in U.S.-China trade disputes and maintaining communication with clients to find collaborative solutions[115]. Corporate Governance - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance[132]. - The company has established a transparent communication platform for investors, including performance briefings and investor research receptions[129]. - The board of directors and supervisory board operate independently, adhering to legal and regulatory requirements[126]. - The company has established and effectively executed governance systems in compliance with relevant laws and regulations[197]. Operational Efficiency - The company is focused on continuous internal management improvement and optimizing operational processes to enhance product quality[113]. - The company has emphasized the importance of maintaining stable raw material supply channels to avoid adverse impacts on product quality and costs[111]. - The company is actively increasing its environmental investment and training employees on environmental awareness to align with government regulations[114]. Employee and Management Structure - The company had a total of 8,064 employees at the end of the reporting period, with 6,118 in production, 1,469 in technical roles, and 86 in sales[162]. - The company has established a competency-based training system to enhance employee skills and overall management capabilities[164]. - The company has a performance evaluation and incentive system for senior management, which is approved by the board after review by the compensation and assessment committee[175]. Financial Management - The company reported a total investment in derivative products of approximately 367.32 million yuan during the reporting period[85]. - The company engaged in foreign exchange derivative trading to lock in costs and mitigate exchange rate risks, with a total nominal principal of 8.1 million USD for forward foreign exchange contracts[85]. - The company has implemented a comprehensive internal control framework to mitigate risks associated with financial reporting[1].