Hoshion(002824)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was CNY 2,999,274,330.24, representing a 24.44% increase compared to CNY 2,410,228,581.04 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 204,597,163.36, a slight decrease of 0.81% from CNY 206,268,578.82 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 196,364,880.61, down 3.31% from CNY 203,094,261.53 in 2021[22]. - The basic earnings per share for 2022 was CNY 1.08, a decrease of 3.57% compared to CNY 1.12 in 2021[22]. - The total assets at the end of 2022 were CNY 3,041,151,787.13, reflecting a 33.87% increase from CNY 2,271,782,647.97 at the end of 2021[22]. - The net assets attributable to shareholders increased by 44.29% to CNY 1,570,807,883.28 from CNY 1,088,610,670.99 in the previous year[22]. - The cash flow from operating activities for 2022 was CNY 159,280,936.93, an increase of 27.87% compared to CNY 124,564,809.51 in 2021[22]. - The company's main business revenue for 2022 was CNY 286,486.95 million, a 26.81% increase from CNY 225,922.79 million in 2021[56]. - Automotive parts revenue reached CNY 205,598.92 million, accounting for 71.77% of total revenue, with a significant growth of 74.36% compared to the previous year[56]. - Revenue from electronic consumer products decreased by 26.48% to ¥509,870,360.89, while durable consumer goods revenue fell by 24.18% to ¥247,605,839.38[70]. Cash Flow and Investments - The company reported a significant cash flow from operating activities of CNY 230.48 million in Q4 2022, recovering from a negative cash flow in Q1 2022[26]. - Operating cash inflow increased by 27.87% year-on-year, primarily due to a 24.44% increase in revenue in 2022[84]. - Investment cash inflow decreased by 65.64% year-on-year, mainly due to a significant reduction in cash recovered from the disposal of fixed assets and intangible assets[85]. - Investment cash outflow increased by 87.24% year-on-year, primarily due to a 75.01% increase in cash paid for the purchase and construction of fixed assets and intangible assets[86]. - Financing cash inflow increased by 85.45% year-on-year, mainly due to the non-public offering of shares that raised 292 million yuan[87]. - The company raised a total of RMB 294.25 million through a non-public offering, with a net amount of RMB 290.27 million after deducting issuance costs[100]. Research and Development - The company aims to enhance its R&D investment in basic material science to meet the evolving needs of its clients in the consumer electronics field[40]. - R&D expenses surged by 57.31% to 159,224,475.25, reflecting the company's intensified investment in R&D[79]. - The number of R&D personnel increased by 77.05% to 517, with the proportion of R&D staff rising to 12.76%[82]. - R&D investment accounted for 5.31% of operating revenue, up from 4.20% the previous year, indicating a 1.11% increase[82]. - The company has made significant advancements in automated processes for battery box manufacturing, enhancing production efficiency and reducing costs[81]. - The company achieved successful R&D outcomes in various projects, including high-temperature resistant materials and laser welding techniques, which are expected to improve product quality and market competitiveness[81]. Market Position and Strategy - The company delivered approximately 560,000 battery boxes to leading lithium battery manufacturers and automotive companies in 2022, positioning itself among the top in the industry[40]. - The global sales of new energy vehicles reached 6.887 million units in 2022, a year-on-year increase of 93.4%, indicating a strong market trend[34]. - The company is focusing on lightweight, integrated, and customized battery structure components, with the global market for battery structure components expected to exceed CNY 80 billion by 2025[35]. - The company aims for a 40% share of new energy and clean energy vehicles in new transportation tools by 2030, as per government policy[43]. - The company aims to continuously expand its market share in the rapidly growing electric vehicle and consumer electronics sectors[107]. Governance and Management - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[124]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, and business operations[127]. - The company has established a complete financial accounting system and operates independently in financial decision-making, with no guarantees provided to shareholders[127][128]. - The company has a structured remuneration decision process involving the board's remuneration and assessment committee[141]. - The total pre-tax remuneration for the board members, supervisors, and senior management was CNY 351.15 million for the reporting period[143]. Risk Management - The company faces risks from macroeconomic cycles and policy changes, which could impact profitability, and will adjust its strategies accordingly[116]. - The company is exposed to raw material price volatility, particularly for aluminum ingots, and will employ flexible pricing and cost management strategies to mitigate this risk[118]. - The company has established a comprehensive quality management system to address potential product quality liability risks as it scales operations[119]. - The company has implemented strict risk control measures for its hedging activities, including a management system for futures hedging[98]. Employee and Talent Management - The total number of employees at the end of the reporting period was 4,051, with 1,643 in the parent company and 2,408 in major subsidiaries[154]. - The company has implemented a comprehensive training system to enhance employee skills and support career development[156]. - The company adheres to a salary policy that aligns with its overall strategy, ensuring fair and competitive compensation for employees[155]. Environmental and Social Responsibility - The company did not face any administrative penalties related to environmental issues during the reporting period[177]. - The company has not disclosed any measures taken to reduce carbon emissions during the reporting period[177]. - The company’s social responsibility report for 2022 is available on the official website, detailing its commitments and actions[177].