CEET(SZ:002579)2023-04-20 16:00Financial Performance - The company's operating revenue for 2022 was ¥3,054,317,848.31, an increase of 3.72% compared to ¥2,944,827,496.44 in 2021[25]. - The net profit attributable to shareholders was -¥179,094,944.03, a decrease of 220.97% from ¥148,052,447.55 in the previous year[25]. - The net cash flow from operating activities was ¥64,674,552.25, down 74.10% from ¥249,736,710.54 in 2021[25]. - The total assets at the end of 2022 were ¥6,646,930,956.10, reflecting a 2.03% increase from ¥6,514,616,697.58 at the end of 2021[25]. - The company's basic earnings per share for 2022 was -¥0.30, a decline of 220.00% from ¥0.25 in 2021[25]. - The weighted average return on equity was -6.54%, down 11.90% from 5.36% in the previous year[25]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a figure of -¥212,582,889.17 for 2022 compared to ¥132,612,137.98 in 2021, a decrease of 260.30%[25]. - The company achieved operating revenue of CNY 3.054 billion in 2022, representing a year-on-year growth of 3.72%[48]. - The net profit attributable to shareholders was a loss of CNY 179 million, a decline of 220.97% compared to the previous year[48]. Dividend Policy - The company plans to distribute a cash dividend of 0.8 RMB per 10 shares to all shareholders, based on the total share capital as of the dividend record date for the year 2022[5]. - The company distributed a cash dividend of 0.8 yuan per 10 shares, totaling 49,009,489.60 yuan, with a total cash distribution (including other methods) of 112,008,476.43 yuan, representing 100% of the distributable profit[149]. - The company plans to distribute cash dividends of no less than 20% of the annual distributable profit, with a cumulative distribution of at least 30% of the average annual distributable profit over the last three years[180]. - The company has committed to a cash dividend distribution policy that allows for mid-term cash distributions based on funding needs[180]. - The company will propose dividend plans at the end of each fiscal year, subject to approval by the shareholders' meeting[180]. - The company has a structured approach to managing its dividend distribution, ensuring compliance with legal and regulatory requirements[180]. Risk Management - The company reported no significant risks that could adversely affect its production, financial status, or ongoing profitability[5]. - The company has a comprehensive risk management strategy outlined in its management discussion and analysis section, focusing on potential future challenges[5]. - The company faces risks from macroeconomic fluctuations, raw material price volatility, and rising labor costs, and is implementing measures to mitigate these risks[106][108][109]. - The company has established a comprehensive internal control system covering investment decisions, information disclosure, financial management, personnel management, related party transactions, and fundraising management to mitigate management risks associated with rapid scale expansion[110]. Corporate Governance - The company’s financial report has been confirmed as true, accurate, and complete by its management, including the CEO and accounting heads[5]. - The company has a dedicated team for investor relations, including a board secretary and a securities representative, to facilitate communication with stakeholders[21]. - The company has established a performance evaluation system for directors, supervisors, and senior management, and has implemented a stock incentive plan to enhance management motivation[118]. - The company operates independently from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring a clear boundary between the company and its shareholders[121]. - The company has a complete and independent organizational structure, with decision-making and supervisory bodies functioning according to its articles of association[122]. - The company has independent financial management, with a dedicated finance department and strict internal auditing processes in place[122]. - The company continues to focus on corporate governance and strategic management through its board composition and shareholder meetings[126]. - The company has established a robust internal control system to evaluate its operational effectiveness and risk management[136]. Market Position and Strategy - The company has over 20 years of experience in the research, production, sales, and service of printed circuit boards (PCBs) and is recognized as one of the top 100 PCB companies globally[37]. - The company has developed strong partnerships with major clients such as BYD, Wistron, and TCL, enhancing its market presence and customer base[45]. - The company is actively expanding into emerging markets such as new energy vehicles and artificial intelligence, aligning with industry trends[39]. - The company aims to enhance its product structure and expand its industrial chain, focusing on smart manufacturing and information technology to improve production scale and profitability[101]. - The company plans to invest in establishing a new production base in Thailand[142]. - The company is considering mergers and acquisitions as part of its growth strategy, as indicated by discussions in board meetings[141]. Environmental Compliance - The company has advanced environmental protection technology and facilities, with all emission indicators meeting national policy requirements[113]. - The company is compliant with the latest environmental protection laws, including the Water Pollution Prevention and Control Law and the Air Pollution Prevention and Control Law, effective from 2018[165]. - The company has implemented measures to ensure that its emissions do not exceed the regulatory limits, with a focus on reducing pollutants such as ammonia nitrogen and total phosphorus[166]. - The company’s wastewater discharge monitoring indicates stable compliance with the established environmental standards, ensuring minimal environmental impact[166]. - The company has established a complete environmental management system in accordance with ISO 14001 standards[170]. - The company has implemented online environmental monitoring systems across its subsidiaries[171]. - The company has a proactive approach to investor relations, ensuring transparency and communication with shareholders[172]. Research and Development - The company invested CNY 158 million in R&D, accounting for 5.17% of operating revenue, focusing on high-end products like Mini LED displays and automotive battery management systems[53]. - R&D investment increased by 8.93% to ¥158,000,779.26 in 2022, representing 5.17% of operating revenue, up from 4.93% in 2021[66]. - The company is focused on enhancing its R&D capabilities for new products and technologies to drive future growth[136]. - The company has implemented a stock option incentive plan, adjusting the exercise price for options granted in 2018 from 7.35 yuan to 7.27 yuan per share[150]. Employee Management - The total number of employees at the end of the reporting period was 5,072, with 3,209 in production, 1,117 in technology, and 104 in sales[145]. - The company has a well-established training system, conducting targeted training programs annually, including new employee orientation and management training[147]. - The company has not experienced any resignations or dismissals of directors, supervisors, or senior management during the reporting period[125]. - The company has provided specific job opportunities for disabled individuals, promoting inclusivity in the workplace[174]. Acquisitions and Investments - The company acquired 100% of Huizhou Yincheng Ruili Industrial Co., Ltd. for CNY 110 million on June 23, 2022[62]. - The company established Zhuhai Zhongjing New Energy Technology Co., Ltd. on November 25, 2022, with a capital contribution of CNY 142.52 million planned for 2023[187]. - The company has committed to invest 21.3 million yuan in the acquisition of Zhuhai Yisheng, achieving 100% of the planned investment[88]. - The company has also committed to invest 12 million yuan to repay bank loans, with 100% of the planned investment completed[88].