Company Overview - The company successfully went public on the Beijing Stock Exchange in March 2022, with an issuance price of 20 CNY per share and a total financing amount of 300 million CNY for high-end quartz product industrialization projects[5]. - In September 2022, the company acquired a 70% stake in Shenyang Chip Bay Semiconductor Technology Co., Ltd[5]. - The company established a subsidiary, Chaoyang Kaimei Quartz Co., Ltd., in June 2022, with a registered capital of 50 million CNY to develop high-quality quartz glass tubes for semiconductors and integrated circuits[5]. - The company expanded its market presence by establishing a joint venture with Beijing Tongmei Crystal Technology Co., Ltd. to produce high-quality quartz glass tubes[47]. - The acquisition of 70% equity in Kaide Xinjing significantly enhanced the company's operational scale and market competitiveness in the semiconductor sector[47]. Financial Performance - The company's operating revenue for 2022 was RMB 181,523,173.46, representing a 9.41% increase compared to RMB 165,903,905.74 in 2021[29]. - The net profit attributable to shareholders for 2022 was RMB 53,925,542.13, a 35.44% increase from RMB 39,815,484.61 in 2021[29]. - The gross profit margin improved to 48.08% in 2022, up from 44.69% in 2021[29]. - Total assets reached RMB 851,732,242.36 by the end of 2022, a 103.40% increase from RMB 418,737,639.89 at the end of 2021[31]. - Total liabilities increased to RMB 162,459,633.06, reflecting a 233.42% rise from RMB 48,725,930.22 in 2021[31]. - The net asset attributable to shareholders was RMB 663,465,923.41, up 79.31% from RMB 370,011,709.67 in 2021[31]. - The cash flow from operating activities for 2022 was RMB 63,466,872.97, a decrease of 7.56% from RMB 68,655,487.97 in 2021[32]. - The accounts receivable turnover ratio decreased to 3.34 in 2022 from 3.89 in 2021[32]. - The inventory turnover ratio also declined to 1.72 in 2022, down from 2.31 in 2021[32]. - The company achieved an operating revenue of 181,523,173.46 CNY in 2022, representing a growth of 9.41% compared to the previous year[35]. - The net profit attributable to shareholders increased by 35.44% year-on-year, reaching 53,925,542.13 CNY[35]. - Total assets grew by 103.40% year-on-year, amounting to 851,732,242.36 CNY as of December 31, 2022[35]. Inventory and Receivables - As of December 31, 2022, the company's inventory value was 67.07 million CNY, accounting for 13.24% of total current assets[12]. - The company's accounts receivable amounted to 55.13 million CNY, representing 6.47% of total assets at the end of the reporting period[12]. - The company's inventory at the end of December 2022 was valued at 67.0663 million yuan, representing 13.24% of current assets, with a provision for inventory impairment of 3.355 million yuan[109]. - The company has a total of 25 million RMB in overdue receivables, but there are no expected losses on principal[75]. Research and Development - Research and development expenses rose by 37.87% to CNY 14,978,282.42, indicating a strong focus on innovation[53]. - The R&D expenditure for the current period is 14,978,282.42 RMB, representing 8.25% of operating income, an increase of 37.87% compared to the previous period[84][86]. - The company has increased its R&D personnel from 39 to 54, with R&D staff now accounting for 14.94% of total employees[87]. - The company owns 58 patents, including 13 invention patents, up from 39 patents in the previous period[88]. - The company is currently developing several high-end quartz products for the semiconductor industry, with projects at various stages of completion[89]. Corporate Governance - The company has maintained a stable management team with no significant changes in key executive roles[160]. - The company has not reported any major defects in its accounting, financial management, or risk control systems during the year[173]. - The company’s governance structure includes a shareholder meeting, board of directors, and supervisory board, all operating in accordance with legal requirements[174]. - The company has established a performance evaluation mechanism for senior management, linking assessment results directly to compensation[190]. - The board of directors held 9 meetings during the reporting period, discussing significant matters including annual reports and investment decisions[178]. Shareholder Information - The largest shareholder, Zhang Zhongshu, holds 14,393,900 shares, representing 19.1919% of the company[138]. - The second-largest shareholder, Wang Yumin, owns 7,946,000 shares, accounting for 10.5947% of the total shares[138]. - The total number of shares held by the top ten shareholders amounts to 31,079,900, which is 65.6405% of the company's total shares[136]. - The company reported a total of 1,511,485 shares repurchased, accounting for 2.02% of the total share capital, with a total expenditure of approximately RMB 29.98 million[121]. Risk Management - The company has a high dependency on a limited number of suppliers for high-end quartz raw materials, which poses a risk if prices fluctuate significantly[11]. - The company has established a comprehensive internal management system to mitigate risks associated with the actual controller's influence on strategic decisions[108]. - The company has implemented measures to retain key technical personnel, including competitive compensation and long-term contracts[107]. - The company has maintained a stable relationship with raw material suppliers, reducing the risk of significant fluctuations in procurement costs[106]. Future Outlook - The company aims to maintain a focus on mid-to-high-end quartz products, particularly for the semiconductor and photovoltaic industries, which are expected to be the main revenue sources[11]. - The 2023 operational goal includes the successful production of high-end quartz products and the establishment of projects for semiconductor-grade quartz glass tubes and high-purity quartz sand[103]. - The quartz materials industry is expected to benefit from policies supporting semiconductor and photovoltaic industries, leading to accelerated growth[101]. - The company is positioned to benefit from the expected peak development period for quartz products as a fundamental material in electronic information[105].
凯德石英(835179) - 2022 Q4 - 年度财报