INNOVER.TECH(002767)2023-04-19 16:00Company Overview - The company is listed on the Shenzhen Stock Exchange with the stock code 002767[16]. - The registered address of the company is No. 1186-1, Binnan Road, Binjiang District, Hangzhou, with a postal code of 310052[16]. - The company’s website is www.innover.com, and the email contact is webmast@innover.com.cn[16]. - The company’s legal representative is Shi Yang[16]. - The company has a dedicated board secretary, Cheng Di'er, and a securities representative, Lu Mengyao, both reachable at the same contact number[17]. Financial Performance - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves[4]. - The company has not disclosed specific financial performance metrics in the provided documents[15]. - The company's operating revenue for 2022 was ¥562,633,632.54, representing an increase of 18.31% compared to ¥475,539,031.89 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥33,414,484.62, a growth of 43.62% from ¥23,266,136.99 in 2021[21]. - The net profit after deducting non-recurring gains and losses was ¥22,045,003.26, up 62.72% from ¥13,548,025.66 in 2021[21]. - The company's cash flow from operating activities improved to -¥19,455,504.54, a 45.55% reduction in losses compared to -¥35,732,436.47 in 2021[21]. - Basic earnings per share increased by 37.50% to ¥0.22 from ¥0.16 in 2021[21]. - Total assets at the end of 2022 were ¥1,083,363,104.99, reflecting a 6.27% increase from ¥1,019,450,255.41 at the end of 2021[21]. - The net assets attributable to shareholders rose by 3.80% to ¥801,783,852.13 from ¥772,419,367.51 in 2021[21]. Market and Industry Trends - The company reported a significant increase in the demand for smart gas meters driven by the growth of IoT technology and government policies promoting digital transformation[30]. - The market penetration rate of NB-IoT smart gas terminals has significantly increased, indicating a robust growth trend in the smart gas sector[30]. - The company achieved operating revenue of 562.63 million yuan, representing a year-on-year growth of 18.31%, maintaining a leading market share in the domestic smart gas meter industry[31]. - The number of confirmed sales terminals for IoT products increased by 36% year-on-year, with sales revenue growing by 38%, and IoT smart meters accounted for 77% of total sales[32]. - The company is focusing on the integration of smart gas meters and IoT technology to meet the growing demand for urban gas safety and management solutions[32]. Research and Development - The company was awarded 52 new intellectual property projects in 2022, including several invention patents related to gas meter calibration and low-power measurement methods[35]. - The company is actively involved in standard formulation and has a national-level CNAS laboratory, enhancing its research and development capabilities[35]. - The company aims to maintain its core competitiveness through continuous investment in R&D, quality, and service improvements[31]. - The company reported a research and development (R&D) investment of ¥32,990,985.73 in 2022, an increase of 18.23% compared to ¥27,904,726.88 in 2021[55]. - The number of R&D personnel increased to 151 in 2022, representing a growth of 13.53% from 133 in 2021[54]. Operational Efficiency - The company continues to invest in supply chain management, market marketing, and smart manufacturing to mitigate the impact of rising raw material costs on net profit[34]. - The company is developing a fully electronic gas meter to enhance user installation convenience and extend product lifespan[50]. - The company is working on an automated assembly line for gas meters, which aims to reduce labor costs and improve product quality through full-process quality control[52]. - The company aims to achieve a paperless operation through the digitalization of gas service processes, significantly increasing efficiency[51]. - The company has launched a smart warehouse management system to improve material management efficiency and reduce errors and waste[54]. Risk Management - The company has outlined potential risks in its future development outlook section[3]. - The company faces risks from macroeconomic conditions, including a slowdown in the natural gas market and increased competition in the instrument industry[79]. - The company has established a procurement plan for 2023 to mitigate risks related to raw material price fluctuations and supply chain disruptions[79]. - The company emphasizes the importance of quality management to minimize user complaints and potential negative impacts on its brand and operations[79]. Governance and Compliance - The company operates in accordance with its governance rules, ensuring compliance with legal and regulatory requirements[86]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations[87]. - The company did not face any objections from the board members regarding company matters during the reporting period[104]. - The supervisory board found no risks during its oversight activities in the reporting period[107]. - The company has implemented a comprehensive training program to enhance employee skills and knowledge, aligning with its development strategy[110]. Shareholder Information - The company has implemented a stock buyback program, enhancing shareholder value and confidence[165]. - The largest shareholder, Shi Zhengmin, holds 44.28% of the shares, totaling 66,417,332 shares[169]. - The second-largest shareholder, Shi Yimin, holds 17.30% of the shares, totaling 25,952,535 shares[169]. - The total number of common shareholders at the end of the reporting period is 12,294, a decrease from 18,474 at the end of the previous month[168]. Environmental and Social Responsibility - The company actively promotes energy conservation and emission reduction, integrating green manufacturing into all production stages[123]. - The company adheres to labor laws, providing comprehensive employee benefits and maintaining a fair working environment[124]. - The company is committed to sustainable development, focusing on energy efficiency and resource conservation[125]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[123].