Company Overview - Sichuan Y&J Industries Co., Ltd. was listed on the Beijing Stock Exchange on June 24, 2022[4]. - The company has two subsidiaries in Australia and one in Hong Kong, facing international operational risks[12]. - The company acquired 100% of Hengrui Machinery in 2012, with ongoing issues regarding property ownership certificates[12]. Financial Performance - The company's operating revenue for 2022 was CNY 810,829,240.05, representing a year-over-year increase of 14.85% compared to CNY 706,002,003.27 in 2021[27]. - The net profit attributable to shareholders for 2022 was CNY 63,409,527.68, which is a 54.05% increase from CNY 41,160,341.99 in 2021[27]. - The gross profit margin improved to 23.32% in 2022, up from 21.82% in 2021[27]. - Total assets increased by 23.38% to CNY 895,570,998.76 at the end of 2022, compared to CNY 725,845,157.09 at the end of 2021[28]. - The company's total liabilities rose by 13.43% to CNY 353,385,692.27 at the end of 2022, up from CNY 311,545,853.97 at the end of 2021[28]. - The weighted average return on equity (ROE) based on net profit attributable to shareholders was 14.20% in 2022, compared to 11.30% in 2021[27]. - The net cash flow from operating activities decreased by 18.69% to CNY 29,768,205.94 in 2022, down from CNY 36,612,918.47 in 2021[30]. - The company reported a basic earnings per share of CNY 0.89 for 2022, an increase of 41.27% from CNY 0.63 in 2021[27]. - The asset-liability ratio (consolidated) improved to 39.46% at the end of 2022, down from 42.92% at the end of 2021[28]. - The company’s revenue growth rate for 2022 was 14.85%, compared to 24.57% in 2021[31]. Dividends and Shareholder Information - The company distributed a cash dividend of 2.00 RMB per 10 shares, totaling 15,618,673.60 RMB, based on a total share capital of 78,093,368 shares[6]. - The company plans to distribute a cash dividend of 3.00 per 10 shares (including tax) for the fiscal year[178]. - The largest shareholder, Luo Ji, holds 16,317,000 shares, representing 20.89% of the total shares[158]. - The second largest shareholder, Ou Yi, holds 16,316,000 shares, also representing 20.89% of the total shares[158]. - The company has a total of 78,093,368 shares outstanding after the initial public offering and the exercise of the over-allotment option[155]. Innovation and R&D - The company received recognition for its technological achievement in "new sealing and dust-proof structure series hydraulic cylinders," deemed "internationally advanced" by the Sichuan Provincial Department of Science and Technology[6]. - The company obtained three invention patents and multiple utility model patents during the reporting period[6]. - The company has developed over 10,000 mechanical component product models, establishing a product technology database stored in the ERP system[44]. - R&D expenses increased by CNY 11.74 million, a growth of 59.35%, reflecting the company's commitment to new product development[66]. - The number of patents owned by the company increased from 85 to 100, with the number of invention patents rising from 6 to 9[100]. - The total number of R&D personnel rose from 88 to 93, with R&D staff now accounting for 16.03% of the total workforce, up from 14.51%[99]. Market Expansion - The company successfully entered new markets including Portugal, Greece, and Africa, expanding its business scope[51]. - The company operates in five major business systems, covering over 10,000 specifications and models of products, serving clients in more than 40 countries and regions globally[40]. - Revenue from general fluid control components grew by 38.94% year-on-year, driven by recovering customer demand and successful market entry into Africa[72]. Risk Management - The company faces risks related to performance decline due to potential economic downturns or industry-wide recessions[12]. - The company is exposed to supply chain management risks, which could affect product quality and delivery[12]. - The company continues to focus on risk management, particularly regarding international currency exchange rates and commercial credit insurance[54]. - The company is addressing supplier management risks by implementing strict evaluations and integrating supply chain processes to ensure product quality and timely delivery[125]. - The company is exposed to exchange rate fluctuations, particularly with USD and EUR, and plans to implement measures to minimize foreign exchange losses[126]. Corporate Governance - The company has established a reasonable corporate governance structure and effective internal control management system, ensuring compliance with relevant laws and regulations[195]. - The company is committed to protecting the rights of all shareholders, particularly minority shareholders, by continuously improving its internal control systems and governance mechanisms[197]. - The company has not encountered any legal violations or significant deficiencies in governance during the reporting period, fulfilling its responsibilities and obligations[196]. - The company has implemented a management system for foreign exchange trading, which was approved by the board during the reporting period[200]. Employee and Training - The total remuneration for directors, supervisors, and senior management in 2022 amounted to 7.1939 million yuan[186]. - The total number of employees increased from 549 to 641, with a net addition of 92 employees during the reporting period[187]. - The company conducted a total of 223 hours of training for employees, including 196.57 hours of offline training and 26.04 hours of online courses[188]. Legal and Compliance - The company reported a total of 1,700,268.00 CNY in litigation costs, accounting for 0.34% of its net assets[135]. - The company has provided guarantees totaling 25,000,000.00 CNY, with a balance of 25,000,000.00 CNY[141]. - The company has faced a lawsuit where it is the plaintiff, seeking 1,490,000.00 CNY in contract payments and penalties[136].
优机股份(833943) - 2022 Q4 - 年度财报