TXD(002845)2023-03-30 16:00Financial Performance - The company reported a total revenue of 328,040,025 shares, with a cash dividend of 0 per 10 shares, indicating no cash distribution to shareholders[4]. - The company's operating revenue for 2022 was ¥8,418,763,622.18, a decrease of 34.54% compared to ¥12,860,424,157.98 in 2021[23]. - The net profit attributable to shareholders was -¥40,180,716.05, representing a decline of 111.10% from ¥362,055,571.72 in the previous year[23]. - The net cash flow from operating activities was ¥904,300,917.07, down 3.46% from ¥936,702,371.48 in 2021[23]. - The total assets at the end of 2022 were ¥7,345,031,124.09, a decrease of 20.84% from ¥9,279,166,386.75 at the end of 2021[23]. - The company reported a basic earnings per share of -¥0.15, a drop of 109.68% from ¥1.55 in 2021[23]. - The net profit after deducting non-recurring gains and losses was -¥217,133,522.01, a decrease of 175.95% from ¥285,886,298.14 in 2021[23]. - The company achieved operating revenue of 8.419 billion yuan, a decrease of 34.54% compared to the same period last year[51]. - The net profit attributable to shareholders was -40 million yuan, a decrease of 111.10% year-on-year[51]. - The company reported a total revenue of 725.7 million in 2022, a decrease from 691.2 million in 2021, reflecting a decline of approximately 4.1% year-over-year[138]. Market Conditions - The global smartphone shipment in 2022 was 1.21 billion units, a year-on-year decline of 11.3%[36]. - The company experienced significant price declines in its main products due to a downturn in downstream demand, leading to a challenging market environment[36]. - The decline in performance was primarily due to a drop in global demand for consumer electronics, leading to severe industry competition and significant price reductions[51]. - The company faces market risks due to intense competition in the LCD module manufacturing industry, which may impact future revenue and profitability[117]. - There is a risk of declining growth in the smartphone market, which could affect the company's performance if it fails to adapt to changing customer demands[117]. Research and Development - The company focuses on R&D driven by market demand, targeting various sectors such as automotive, industrial control, AR/VR, and MiniLED backlighting[51]. - The company is focusing on research and development, allocating 15% of its revenue towards innovation and new technology[138]. - Research and development expenses increased by 5.96% to ¥409,669,151.65 compared to ¥386,638,061.71 in 2021[74]. - The proportion of R&D investment to operating revenue increased to 4.87% in 2022 from 3.01% in 2021, a rise of 1.86%[79]. - The company is working on the development of a 4-in-1 testing system for wearables, aimed at enhancing product production efficiency[77]. Corporate Governance - The board of directors confirmed that all members attended the meeting to review the annual report, ensuring accountability for the report's accuracy[4]. - The company has established a robust governance structure that complies with relevant regulations, enhancing operational transparency[132]. - The company has implemented a complete personnel management system, ensuring independence in labor and wage relations[133]. - The company has established a comprehensive corporate governance structure to protect shareholder rights, ensuring fair and transparent information disclosure[175]. - The company has committed to maintaining independent opinions on major issues, ensuring the protection of minority investors' rights[150]. Investor Relations - The company has a dedicated investor relations team, with contact details provided for inquiries and communications[20]. - The company maintains long-term strategic partnerships with well-known suppliers and customers, aiming to deliver high-quality products and services[175]. - The company has established diverse communication channels for investors, ensuring their right to information[174]. - The company respects and protects the legitimate rights and interests of stakeholders, promoting a balanced approach to various interests[130]. - The company has a clear and transparent cash dividend policy that aligns with its development strategy and industry characteristics[160]. Operational Efficiency - The company aims to improve internal management and cost control to better respond to market conditions and prepare for future recovery[36]. - The company has implemented a fully integrated information management system, significantly improving production management efficiency and achieving a high level of operational management[56]. - The company is focused on improving operational standards and decision-making processes through professional advice from its directors[150]. - The company is taking measures to mitigate risks from raw material price fluctuations by analyzing market trends and adjusting inventory levels accordingly[123]. - The company is also addressing inventory risks by monitoring stock levels and improving turnover efficiency to minimize the impact of price volatility[123]. Future Outlook - The company plans to enhance its core competitiveness through continuous technological innovation and increased R&D investment in 2023[115]. - The company has indicated a future outlook of steady growth, projecting a revenue increase of 10% for the next fiscal year[139]. - The company plans to expand its market presence through new product launches and technological advancements, aiming for a 10% increase in market share by 2024[138]. - The company has set a performance guidance of achieving a net profit margin of 20% in the upcoming fiscal year[139]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[138]. Subsidiaries and Investments - The company established several new subsidiaries in 2022, including Nanchang Tongxingda Automotive Electronics Co., Ltd. with a registered capital of ¥20 million[71]. - The company completed the integration of TP and module for wearable OLED screens, aiming to enhance technical capabilities and increase market share[75]. - The company made a significant equity investment of ¥305,056,700 in Nanchang Tongxingda Technology Co., acquiring 100% ownership[89]. - The company has completed the construction of its production bases in Ganzhou and Nanchang, significantly improving production efficiency and delivery capabilities[62]. - The company has successfully completed the acquisition of minority stakes in subsidiaries, enhancing its control over operations[152].