雷赛智能(002979) - 2022 Q4 - 年度财报

Financial Performance - Revenue for 2022 reached 1,337,862,149.54 yuan, a year-on-year increase of 11.20%[22] - Net profit attributable to shareholders of the listed company in 2022 was 220,305,684.99 yuan, a slight increase of 0.91% compared to 2021[22] - Net cash flow from operating activities in 2022 surged by 93.85% to 215,671,926.27 yuan[22] - Total assets at the end of 2022 increased by 33.18% to 2,193,663,807.93 yuan compared to the end of 2021[22] - Non-recurring gains and losses in 2022 amounted to 90,188,020.33 yuan, significantly higher than the 14,967,537.82 yuan in 2021[28] - The company achieved a revenue of 1.338 billion yuan in 2022, an increase of 11.20% year-on-year, with a net profit attributable to shareholders of 220 million yuan, up 0.91%[54] - Total operating revenue increased by 11.20% year-on-year to RMB 1,337,862,149.54, with industrial automation accounting for 99.49% of the revenue[61] - Revenue from servo systems grew significantly by 26.79% to RMB 401,755,943.70, contributing 30.03% to total revenue[61] - Overseas revenue increased by 21.36% to RMB 64,878,321.35, representing 5.40% of total revenue[61] - Direct sales accounted for 74.44% of total revenue, reaching RMB 995,909,498.39, a 9.77% increase year-on-year[61] - Gross margin for industrial automation decreased by 4.07% to 37.47%, with operating costs rising by 19.01%[62] - Sales volume of industrial automation products increased by 22.43% to 3,802,934 pcs, while inventory decreased by 12.34%[63] - Operating cash flow increased by 93.85% YoY to 215.67 million yuan, mainly due to increased sales collections[73] - Investment cash flow improved by 65.27% YoY to -113.79 million yuan, primarily due to large purchases of headquarters base and bank financial products in the previous year[74] - Financing cash flow surged 225.84% YoY to 108.05 million yuan, driven by new bank loans and increased equity incentive subscription funds[75] - Net cash and cash equivalents increased by 169.50% YoY to 210.11 million yuan[73] - Investment income accounted for 35.84% of total profit, mainly from the disposal of subsidiary Xinglei's equity[78] - Monetary funds increased by 6.18% of total assets to 442.30 million yuan, driven by increased sales collections and partial investment recoveries[79] - Accounts receivable grew by 4.03% of total assets to 486.18 million yuan, reflecting sales growth and extended payment terms for major clients[79] - Fixed assets increased by 13.71% of total assets to 415.50 million yuan, mainly due to the completion and transfer of the headquarters base[79] - Long-term loans rose by 6.01% of total assets to 270.10 million yuan, primarily for the purchase of the headquarters base[79] - Total investment in the reporting period increased by 28.61% YoY to 273.20 million yuan[83] - Total investment in the industrial automation project reached 341.72 million yuan, with 205.13 million yuan invested during the reporting period[87] - The company's cumulative use of raised funds amounted to 406.24 million yuan, with a remaining balance of 52.99 million yuan in the raised funds account[91] - The company's raised funds generated interest income of 9.59 million yuan and financial income of 3.80 million yuan during the reporting period[91] - The company's total raised funds amounted to 445.85 million yuan, with 157.64 million yuan used during the reporting period[91] - The company's raised funds were mainly used for project construction, technology upgrades, and working capital supplementation[91] - The company terminated the "Shanghai Intelligent Manufacturing Base Construction Project" and permanently supplemented working capital with the remaining raised funds of 121.2338 million yuan[94] - The company used 55.70102974 million yuan of self-raised funds to pre-invest in the raised funds projects before the initial public offering funds were in place[94] - As of December 31, 2022, the company had 52.9899 million yuan of unused raised funds, of which 40.8011 million yuan was used for cash management[94] - The company sold 100% equity of its wholly-owned subsidiary Shanghai Xinglei and indirectly sold 35% equity of Leisai Juyuan for 132.828 million yuan[98] - The sale of Shanghai Xinglei and Leisai Juyuan equity contributed a net loss of 7.7621 million yuan to the company from the beginning of the period to the sale date[98] - The company achieved the expected production capacity of the "Shanghai Intelligent Manufacturing Base Construction Project" through the construction of the Shenzhen headquarters production base and the allocation of production capacity resources[96] - The company's raised funds investment account had a balance of 49.2856 million yuan as of April 24, 2023, including interest and financial income[94] - The company obtained large deposit interest income of 1.1865 million yuan from cash management using idle raised funds[94] - The "R&D Center Technology Upgrade Project" and "Marketing Network and Service Platform Construction Project" have reached the intended usable state[94] - The company's decision to terminate the "Shanghai Intelligent Manufacturing Base Construction Project" was based on the actual development needs and strategic planning, and the project's feasibility did not undergo significant changes[96] - The sale of equity to Shanghai Juyuan IoT Technology Services contributed 38.77% to the company's net profit[99] - Net profit attributable to parent company owners in 2022: RMB 220,305,684.99, with parent company net profit of RMB 190,877,442.37[171] - Accumulated distributable profit for shareholders in 2022: RMB 555,638,947.33[171] Dividend Distribution - The company plans to distribute a cash dividend of 3.00 yuan per 10 shares (tax included) to all shareholders, with no stock dividends or capital reserve to share capital conversion[3] - 2022 cash dividend distribution: RMB 3.00 per 10 shares, totaling RMB 92,312,652.90, with a total cash dividend (including other methods) of RMB 110,151,962.71[170] Industry and Market Trends - The company's industry is benefiting from the "machine replacement" trend and the acceleration of intelligent manufacturing[32] - The company focuses on import substitution and has gained recognition from downstream customers in the equipment manufacturing industry[33] - Strategic emerging industries such as photovoltaics, lithium batteries, and semiconductors are driving rapid growth in the industry[34] - The company is a leader in the domestic intelligent equipment motion control field, providing high-value motion control components and solutions[35] - The company's products are widely used in various precision equipment in the fields of intelligent manufacturing and intelligent services, such as photovoltaic equipment, lithium battery equipment, 3C manufacturing equipment, semiconductor equipment, logistics equipment, special machine tools, industrial robots, 5G manufacturing equipment, PCB/PCBA manufacturing equipment, packaging equipment, and medical equipment[36] - The company's main products include servo systems (AC servo drives, AC servo motors, low-voltage servo drives, low-voltage servo motors, integrated servo motors), stepper systems (open-loop stepper drives, open-loop stepper motors, closed-loop stepper drives, closed-loop stepper motors, integrated stepper motors), and control technology products (motion controllers, motion control cards, PLCs, remote IO modules, HMIs, machine vision)[37] - The OEM automation market size in 2022 was 113.7 billion yuan, a 5% decrease year-on-year[54] R&D and Innovation - The company's R&D investment has been increasing over the past five years, accounting for 10.03%, 9.96%, 9.24%, 11.28%, and 12.20% of the company's total revenue, respectively[48] - R&D investment reached 163.17 million yuan, accounting for 12.2% of sales revenue, a year-on-year increase of 20.2%[55] - The company has a high-quality R&D technical team led by Dr. Li Weiping, with rich experience and strong technical capabilities, continuously enhancing product innovation capabilities[48] - The company has a well-established R&D management system, including product centers, R&D centers, and testing centers, ensuring the quality and efficiency of product development[39] - R&D expenses increased by 20.22% to RMB 163,173,526.26, accounting for 12.20% of total revenue[70][72] - The number of R&D personnel grew by 23.75% to 469, with 37.52% of total employees engaged in R&D[71] - The company holds 389 valid patents, including 46 invention patents, 200 utility model patents, and 143 design patents, along with 174 software copyrights and 8 foreign patents[49] Sales and Marketing - The company has established a sales system of "industry line + regional line + product line" and has accumulated a large number of user resources for different types of product applications, promoting the steady development of the company's business[46] - The company's marketing strategy focuses on "deepening old industries and exploring new industries," continuously expanding the application fields of products and accumulating a large number of user resources[44] - Stepper system sales revenue was 640.6966 million yuan, up 9% year-on-year[55] - Servo system sales revenue reached 401.7559 million yuan, a year-on-year increase of 27%, with AC servo system sales growing over 30%[56] - Control technology business revenue was 181.7883 million yuan, showing slight growth[56] - Top 5 customers contributed 10.90% of total sales, with the largest customer accounting for 3.32%[67][68] - Top 5 suppliers accounted for 24.55% of total procurement, with the largest supplier representing 5.58%[68] Corporate Governance and Compliance - The company's registered address was changed in June 2022 from "9-11th Floor, Building A3, Nanshan Zhiyuan, 1001 Xueyuan Avenue, Taoyuan Street, Nanshan District, Shenzhen" to "15-20th Floor, Building B, Zhigu R&D Building, Shuguang Community, Xili Street, Nanshan District, Shenzhen"[17] - The company's main business has not changed since its listing, and there have been no changes in its controlling shareholders[20] - The company's annual report is disclosed on the Shenzhen Stock Exchange website and major financial media, with the report available at the company's board office[19] - The company's financial report is signed and sealed by the legal representative Li Weiping, the person in charge of accounting You Daoping, and the accounting institution head Yan Yuxin[9] - The company has established a comprehensive quality management system, passing ISO9001:2015, ISO14001:20015, and GB/T29490-2013 certifications[51] - The company has been actively involved in vocational education, providing teaching equipment and expert lecturers to domestic vocational colleges for three consecutive years[49] - The company's governance structure and internal control systems comply with regulatory requirements, with no significant differences from legal and regulatory standards[127] - The company's independent directors actively fulfill their duties, attending meetings and providing independent opinions on major matters to protect shareholder interests[120] - The company maintains a clear separation from its controlling shareholder in business operations, with independent production, procurement, and sales systems[128] - The company's board of directors held 9 meetings in 2022, with all directors attending each meeting without any absences[156] - The company's board of directors approved the 2022 third-quarter report during the 19th meeting of the fourth board of directors[155] - The company's board of directors held its 20th meeting on November 3, 2022, with resolutions announced on November 4, 2022[155] - The company's Board of Directors strictly adhered to relevant laws and regulations, including the "Company Law" and "Securities Law," and provided recommendations on important matters such as periodic reports, use of raised funds, and related-party transactions[158] - The Audit Committee held 3 meetings in 2022, reviewing and approving 13 key proposals, including the 2021 financial report, profit distribution plan, and the use of raised funds[159] - The Audit Committee reviewed and approved the 2022 semi-annual report and the special report on the use of raised funds in the first half of 2022[159] - The Audit Committee reviewed and approved the 2022 third-quarter report[159] - The Compensation and Evaluation Committee approved the 2022 director and senior management compensation plans[159] - The Compensation and Evaluation Committee approved the 2022 Restricted Stock Incentive Plan and its implementation assessment measures[159] - The Compensation and Evaluation Committee approved the 2022 Stock Option Incentive Plan and its implementation assessment measures[159] - The Compensation and Evaluation Committee approved the 2022 Employee Stock Ownership Plan and its management measures[159] - The Compensation and Evaluation Committee adjusted the list and quantity of the first grant of the 2022 Stock Option Incentive Plan[159] - The Strategic Committee reviewed and approved the proposal to transfer the equity of a wholly-owned subsidiary[159] - The company has a well-established internal audit system and department, operating under the leadership of the Board Audit Committee to oversee daily operations and internal control implementation[126] - The company ensures fair and timely information disclosure through designated media and platforms, with the Board Secretary responsible for investor relations management[124] - The company has a complete set of tangible and intangible assets, including property, equipment, trademarks, patents, and proprietary technologies, supporting its independent business operations[128] - The company's internal control system achieved its objectives in 2022, with no significant defects reported[190] - The internal control evaluation report covered 100% of the company's total assets and revenue[191] - No financial or non-financial report significant defects were identified in 2022[192] - The company's internal control system was deemed effective as of December 31, 2022, with a standard unqualified opinion from the auditor[193] - The company has not been subject to any environmental penalties during the reporting period[195] - The company adheres to the core values of "customer-centric, striving for excellence, self-criticism, and teamwork" and actively fulfills social responsibilities[195] - The company maintains a stable and growing performance, actively rewarding shareholders[196] - The company has established a comprehensive governance structure and internal control system to protect shareholders' rights[196] - The company strictly complies with information disclosure regulations and enhances communication with investors[197] - The company has implemented a reasonable profit distribution plan, ensuring continuous and stable dividends for shareholders[198] - The company prioritizes employee rights and development, offering comprehensive training and benefits[199] - The company emphasizes environmental protection and sustainable development, implementing ISO14001 environmental management system[199] - The company maintains good public relations and fulfills social responsibilities, including tax compliance and community contributions[200] Equity and Incentive Plans - The company implemented its first post-IPO equity incentive plan in 2022, granting a total of approximately 16 million shares to over 300 core talents[52][60] - The company's 2022 restricted stock incentive plan has a total cost of 85.425 million yuan, with the following amortization schedule: 20.3027 million yuan in 2022, 36.2772 million yuan in 2023, 21.1569 million yuan in 2024, and 7.6883 million yuan in 2025[175] - The 2022 stock option incentive plan has a total cost of 14.8298 million yuan, with the following amortization schedule: 1.0655 million yuan in 2022, 6.4583 million yuan in 2023, 4.7101 million yuan in 2024, and 2.5959 million yuan in 2025[181] - The company adjusted the 2022 stock option incentive plan, reducing the total number of stock options from 5.44 million to 5.332 million, and the number of initial grantees from 270 to 216[179] - The company's 2022 restricted stock incentive plan has a performance target of at least a 10% increase in net profit or revenue in 2022 compared to 2021, a 30% increase in 2023, and a 60% increase in 2024[184] - The company's senior management received a total of 800,000 restricted shares in 2022, with a grant price of 7.96 yuan per share[183] - The company's employee stock ownership plan (ESOP) involved 216 key personnel, holding a total of 2,384,000 shares, accounting for 0.77% of the company's total shares[187] - The ESOP shares were transferred at a price of 17.93 yuan per share, with a total of 2,384,000 shares transferred, representing 0.77% of the company's total shares[188] - The ESOP has a duration of 60 months, with shares unlocking in three phases: 20% after 12 months, 30% after 24 months, and 50% after 36 months[188] - 2022 restricted stock incentive plan approved by the board of directors and implemented for over 300 core talents[173] Human Resources and Talent Management - Total number of employees at the end of the reporting period: 1,250, including 910 from the parent company and 340 from major subsidiaries[163] - Employee composition: 431 production personnel, 265 sales personnel, 469 technical personnel, 32 financial personnel, and 53 administrative personnel[163] - Education level of employees: 7 with PhD, 83 with master's degree, 785 with bachelor's degree or above, and 375 with associate degree or below[163] - Total labor outsourcing hours: 393,396 hours, with total compensation of RMB 11,989,216.20[167] - Training system optimization in 2022, focusing on talent development, business empowerment, and training platform consolidation[166] - Introduction of a new salary incentive system in 2022,