Hytera(002583)2023-03-31 16:00Financial Performance - The company's operating revenue for 2022 reached CNY 565,282.32 million, marking a significant recovery compared to the previous year[14]. - The net profit after deducting non-recurring gains and losses was CNY 5,933.52 million, a remarkable increase of 108.98% compared to the same period last year[6]. - The total operating revenue for 2022 was CNY 5,652,823,157.64, a decrease from CNY 5,719,034,566.29 in 2021, representing a decline of approximately 1.16%[92]. - The net profit attributable to shareholders for the year was CNY 19,976,876.60, reflecting a decrease of CNY 19,976,876.60 compared to the previous period[87]. - The company reported a total comprehensive income of approximately 565.57 million, a decrease of 1.83 billion, compared to a negative 365.40 million, down from $921.43 million at the beginning of the period[74]. - The net cash flow from operating activities was ¥623,269,824.62 in 2022, down 11.47% from ¥704,038,627.60 in 2021[113]. - The total cash inflow from operating activities in 2022 was ¥5,784,502,393.54, down 15.1% from ¥6,814,020,856.70 in 2021[99]. - The cash outflow from operating activities in 2022 was ¥5,161,232,568.92, a decrease of 15.5% compared to ¥6,109,982,229.10 in 2021[99]. Investment and R&D - The company is focusing on high-value EMS clients in the new energy and automotive electronics sectors, aiming for sustainable growth[30]. - The company's R&D investment amounted to ¥927,662,005.58 in 2022, a decrease of 10.12% compared to ¥1,032,104,761.90 in 2021, with R&D expenses accounting for 16.41% of total revenue, down from 18.05%[109]. - The capitalized R&D investment was ¥279,630,069.52 in 2022, a decrease of 14.71% from ¥327,844,618.66 in 2021, with a capitalization rate of 30.14%[109]. - The company has ongoing R&D projects in broadband wireless self-organizing network technology and third-generation integrated command center development, with completion rates of 99.53% and 99.75% respectively[166]. Market Expansion and Strategy - The company has established over 300 public-private integration platforms in collaboration with more than 20 operators globally, showcasing its market expansion efforts[24]. - The company is committed to digital marketing and channel development to strengthen its market presence and customer engagement[25]. - The company aims to deepen its global market presence and enhance its product offerings, focusing on a "2+3+1" product strategy to solidify its narrowband business and ensure growth in emerging sectors[189]. - The company plans to focus on market expansion and new product development in the upcoming year to drive growth[86]. Asset Management - The company disposed of subsidiaries such as Sepura Limited, which are no longer included in the consolidation scope[41]. - The company sold significant assets, including inventory and fixed assets, for a transaction price of 17,000 million, contributing 0 million to the net profit during the reporting period[175]. - The sale of equity to Sword Bidco Limited on July 14, 2022, was priced at 104,317.26 million, with a net profit contribution of -2,992.77 million[178]. - The company has taken measures to ensure the collection of receivables related to the sold assets, with ongoing follow-ups for repayment[175]. Legal and Compliance - The company is actively involved in legal disputes with Motorola regarding patent infringements and other competitive practices, which may impact its operations[196]. - The company is committed to maintaining internal controls to ensure the accuracy of financial reporting and compliance with accounting standards[127]. - The management is responsible for assessing the company's ability to continue as a going concern, with no plans for liquidation or cessation of operations[131].