SACA(SZ:300464)2023-04-23 16:00Financial Performance - The company achieved operating revenue of RMB 2.351 billion in 2022, a decrease of 35.77% compared to the previous year[3]. - The net profit attributable to shareholders was a loss of RMB 260 million, while the net profit after deducting non-recurring gains and losses was a loss of RMB 233 million[3]. - The precision hardware business generated operating revenue of RMB 1.125 billion, an increase of 7.23% year-on-year, while the cross-border e-commerce business saw revenue drop to RMB 1.225 billion, a decline of 52.39%[3]. - The company's operating revenue for 2022 was ¥2,350,816,014.45, a decrease of 35.77% compared to ¥3,659,752,249.38 in 2021[19]. - The net profit attributable to shareholders was -¥260,093,417.47, an improvement of 82.93% from -¥1,523,629,920.80 in the previous year[19]. - The basic earnings per share for 2022 was -¥0.74, showing an 82.85% increase from -¥4.3147 in 2021[19]. - The total assets at the end of 2022 were ¥2,291,024,509.31, down 13.64% from ¥2,652,974,831.29 at the end of 2021[19]. - The net assets attributable to shareholders decreased by 66.89% to ¥153,560,925.16 from ¥463,839,277.40 in 2021[19]. - The cash flow from operating activities was ¥143,866,402.74, a decline of 31.25% compared to ¥209,248,476.44 in 2021[19]. - The company reported a quarterly revenue of ¥514,902,433.57 in Q4 2022, down from ¥588,406,271.08 in Q1 2022[22]. - The net profit attributable to shareholders in Q4 2022 was -¥221,568,176.79, worsening from -¥26,860,263.54 in Q1 2022[22]. Business Challenges - The company faced challenges in its e-commerce business due to inflation, declining overseas consumption, and increased handling costs from unsold inventory[3]. - The company reported a significant increase in expenses related to stock option costs, amounting to RMB 50 million for the year[3]. - The revenue from Amazon dropped by 69.53% to CNY 600,931,400.63, accounting for 48.92% of total revenue[49]. - The company reported a 49.31% decrease in revenue from other regions, totaling CNY 435,896,871.96[53]. - The company’s Bluetooth audio category saw a drastic decline of 83.07%, generating only CNY 58,257,579.20 in revenue[51]. Strategic Focus - The company continues to focus on its main businesses of precision hardware and cross-border e-commerce[4]. - The company is committed to enhancing its operational strategies in response to market conditions[4]. - The company aims to enhance customer satisfaction through systematic hardware solutions that include both basic and advanced products[33]. - The company has developed a new overseas brand and product categories while clearing remaining inventory from closed brands, aiming to create exceptional products and customer experiences[65]. - The company is focusing on high-performance, high-value-added product development to enhance market competitiveness[85]. Research and Development - The company emphasizes R&D driven by market demand, ensuring alignment with customer needs and technological trends[44]. - The company completed the development of a drawer guide with a buffer interlocking function, enhancing product stability and load-bearing capacity[86]. - The company is developing a 180° hinge that can be applied in corner cabinets, aiming to improve safety and manufacturing efficiency[86]. - The company has completed the research and development of a super-thin heavy-duty rail, which is expected to enhance product quality and market competitiveness[86]. - R&D investment amounted to ¥67,048,510.07 in 2022, representing 2.85% of operating revenue, down from 3.06% in 2021[87]. Governance and Management - The company has established a transparent performance evaluation and incentive mechanism for senior management, with the compensation and assessment committee responsible for performance evaluations[123]. - The company maintains independence from its controlling shareholders in terms of business, personnel, assets, institutions, and finance, ensuring a complete and independent operational capability[125]. - The company has revised multiple internal regulations to enhance management levels and internal control systems, promoting productivity and efficiency[124]. - The company has a complete governance structure, with the board of supervisors holding 8 meetings to oversee the legality of board decisions and management actions[123]. - The company has established effective communication channels with investors, ensuring transparency and access to information regarding significant matters[175]. Future Outlook - The company plans to focus on the dual business strategy of "precision hardware + cross-border e-commerce" in 2023, enhancing product development and automation investments[113]. - The company has set ambitious performance guidance for the next fiscal year, aiming for a revenue growth of over 10%[131]. - Future outlook includes a projected revenue growth of 25% for 2023, driven by new product launches and market expansion strategies[186]. - The company plans to invest 200 million RMB in technology upgrades to enhance production capabilities over the next two years[186]. - A new marketing strategy focusing on digital channels is expected to increase brand awareness and customer engagement by 30% in 2023[186]. Compliance and Regulatory Issues - The company has faced multiple regulatory penalties from the China Securities Regulatory Commission and Shenzhen Stock Exchange, including warnings and criticisms throughout 2020 to 2022[137][138]. - The company has been under scrutiny for compliance issues, receiving corrective measures from regulatory bodies in 2022[138]. - The company has taken measures to address any identified issues in internal control management[166]. - The company has maintained compliance with all financial reporting standards, with no changes in accounting policies or estimates during the reporting period[193]. - The company has no significant litigation or arbitration matters pending during the reporting period[196].