CDL(300686)2023-04-27 16:00Financial Performance - The company reported a significant loss during the reporting period, with specific reasons and analysis detailed in the management discussion section[4]. - In 2022, the company's operating revenue was ¥1,744,667,995.04, a decrease of 19.45% compared to ¥2,166,021,668.21 in 2021[21]. - The net profit attributable to shareholders was -¥256,283,973.89, representing a decline of 556.12% from a profit of ¥56,188,293.26 in 2021[21]. - The net profit after deducting non-recurring gains and losses was -¥278,971,715.31, a decrease of 642.22% compared to ¥51,450,254.76 in 2021[21]. - The total assets at the end of 2022 were ¥2,535,892,734.91, down 10.51% from ¥2,833,713,608.00 at the end of 2021[21]. - The net assets attributable to shareholders decreased by 17.88% to ¥1,419,186,352.49 from ¥1,728,212,904.58 in 2021[21]. - In Q4 2022, the company reported a net profit attributable to shareholders of -¥272,311,388.37, following a trend of declining profits throughout the year[24]. - Total revenue for 2022 was approximately ¥1.74 billion, a decrease of 19.45% compared to ¥2.17 billion in 2021[56]. - Revenue from the communications industry was approximately ¥1.74 billion, accounting for 99.99% of total revenue, down 17.30% year-over-year[58]. - Functional electronic devices generated revenue of approximately ¥686.43 million, representing 39.34% of total revenue, a decrease of 13.38% from the previous year[56]. - Structural electronic devices accounted for approximately ¥956.60 million, or 54.83% of total revenue, down 14.54% year-over-year[56]. - Domestic revenue was approximately ¥1.05 billion, making up 60.04% of total revenue, a decline of 20.17% compared to the previous year[58]. - Gross profit margin for the communications industry was 12.11%, down 6.36% year-over-year[58]. Cash Flow and Investments - The company generated a net cash flow from operating activities of ¥147,822,694.32, an increase of 3.51% from ¥142,806,612.26 in 2021[21]. - Operating cash inflow totaled ¥1,782,609,784.03 in 2022, down 21.71% from ¥2,276,904,636.53 in 2021, while operating cash outflow decreased by 23.40%[76]. - Investment activities generated a net cash inflow of ¥32,276,713.26, a significant increase of 105.48% from -¥588,654,176.75 in 2021[76]. - The net increase in cash and cash equivalents was ¥39,331,477.30, a 104.23% rise from -¥930,045,280.91 in 2021[76]. - The company reported an asset impairment of ¥221,993,179.38, accounting for 86.71% of total profit, primarily due to provisions for bad debts and inventory write-downs[80]. Research and Development - The company has applied for a total of 326 intellectual property rights, with 222 of them granted as of December 31, 2022, showcasing its strong R&D capabilities[49]. - Research and development expenses were approximately ¥93.71 million, a decrease of 18.72% compared to ¥115.30 million in 2021[71]. - The company's R&D investment amounted to ¥93,714,167.35 in 2022, representing 5.37% of total revenue, a slight increase from 5.32% in 2021[73]. - The number of R&D personnel decreased by 16.04% from 212 in 2021 to 178 in 2022, with a corresponding drop in the proportion of R&D staff from 5.51% to 4.84%[73]. - The company has ongoing R&D projects focused on flexible defect detection equipment and composite board manufacturing processes, with several patents applied for[72]. - The company aims to enhance product competitiveness and market share through new technology and product development initiatives[73]. Market Conditions and Future Outlook - Future development strategies and operational plans are subject to market conditions, indicating uncertainty in achieving projected profitability[4]. - The global smartphone shipment in 2022 was approximately 1.21 billion units, a year-on-year decline of 11.3%[34]. - The domestic smartphone market saw a total shipment of 272 million units in 2022, down 22.6% from the previous year[34]. - The global wearable device shipment is projected to reach 523 million units in 2023, driven by the growth of 5G technology and consumer demand[36]. - The company plans to expand its business in the consumer electronics sector and new energy battery field, aiming to enhance its market share and become a leading enterprise in functional and structural components[109]. - The company aims to leverage new technologies such as 5G and AI to drive growth in the consumer electronics industry[109]. Corporate Governance and Management - The company held its annual general meeting with a participation rate of 39.65% on April 20, 2022[128]. - The company appointed Yang Yiming as the new general manager on November 1, 2022, following the resignation of Wu Jiwei from the position[138]. - The board of directors underwent a re-election process on July 11, 2022, with new appointments including Chen Danhua and Kang Li as directors[136]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 4.9864 million yuan[148]. - The company has independent directors, including Yang Wen, who has served since 2018, and has received 50,000 yuan in remuneration[148]. - The company has established a dedicated committee to oversee the nomination of board members, enhancing governance practices[153]. - The company has a diverse board with members holding various positions in academia and other organizations, enhancing its governance structure[145]. - The company has established a clear framework for determining remuneration based on profitability and industry standards[147]. Compliance and Risk Management - The company has established a risk management organization to supervise and evaluate internal control management[164]. - The internal control evaluation report indicated that 100% of the assets and revenue of the evaluated units were included in the consolidated financial statements[166]. - The company has not faced any penalties for environmental violations during the reporting period, adhering strictly to relevant environmental laws[174]. - The company has not encountered any significant environmental issues, maintaining compliance with environmental protection laws[174]. - The company is committed to fulfilling its social responsibilities, including lawful tax payments and promoting employment through public recruitment[177]. Shareholder and Employee Relations - The company emphasizes the protection of shareholder rights, ensuring equal rights for all shareholders and actively implementing cash dividend policies[175]. - Employee rights are prioritized, with a focus on providing a safe working environment and regular health check-ups[176]. - The company has established a comprehensive employee training system to enhance overall employee quality and talent reserves[157]. - The company has implemented a multi-tiered employee compensation system to align salaries with job value[156]. Audit and Financial Reporting - The financial audit report issued by the accounting firm included a reserved opinion due to insufficient evidence regarding the reasonableness of the company's accounting estimates[189]. - The auditing firm issued a qualified opinion on the financial report, indicating insufficient evidence regarding the reasonableness of the accounting estimates related to goodwill impairment[192]. - The company plans to promote further audit procedures on the goodwill impairment testing until a revised opinion is issued by the auditing firm[195]. - The company has retained the auditing firm Xin Yong Zhong He for two consecutive years, with an audit fee of RMB 750,000[198].