Financial Performance - The company's operating revenue for 2022 was ¥387,266,655.65, a decrease of 18.45% compared to ¥474,893,863.48 in 2021[32]. - The net profit attributable to shareholders for 2022 was ¥43,595,332.89, down 33.44% from ¥65,497,974.28 in 2021[32]. - The gross profit margin for 2022 was 18.89%, significantly lower than 26.26% in 2021[32]. - The cash flow from operating activities for 2022 was ¥62,891,118.20, down 21.30% from ¥79,913,599.89 in 2021[36]. - The company's main business revenue decreased by 18.27% to ¥362.76 million, while other business revenue fell by 21.06% to ¥24.51 million[63]. - The company's overseas sales revenue increased by 32.40%, driven by efforts to expand overseas customer development[68]. - The company's total assets increased by 4.30% to ¥814,188,627.59 in 2022 from ¥780,639,809.50 in 2021[34]. - The total liabilities slightly decreased by 0.07% to ¥290,325,609.83 in 2022 compared to ¥290,521,957.54 in 2021[34]. - The net profit margin after deducting non-recurring gains and losses was ¥27,422,436.81, a decline of 54.33% from ¥60,040,843.48 in 2021[32]. - The company's cash and cash equivalents decreased by 78.76% to ¥48,989,300.91 due to project payments and cash management strategies[55]. Research and Development - The company has initiated the construction of a research and development center, with planning and design completed and procurement of some R&D equipment underway[7]. - The company achieved progress in the research and development of temperature-compensated crystal oscillators and tuning fork crystal oscillators, with small batch shipments realized in 2022[16]. - The company has reduced the risk of new product technology development as the product richness is now comparable to industry peers[16]. - The company has completed several R&D projects, including the SMD tuning fork crystal and MEMS surface acoustic wave chip, which are expected to enhance product line and competitiveness[104]. - Ongoing R&D projects include temperature-compensated crystal oscillators, which aim to achieve industrialization and broaden the product line[104]. - R&D expenditure increased by 24.07% compared to the previous period, amounting to ¥21,956,137.03, which represents 5.67% of operating revenue[100]. - The total number of R&D personnel rose from 69 to 71, with the proportion of R&D staff to total employees increasing from 10.12% to 10.57%[102]. Market and Competition - The company is facing risks related to the decline in average selling prices of its main products, which could adversely affect gross margins and operating performance if not managed properly[14]. - The quartz crystal oscillator industry faced relatively weak demand in 2022, impacting the company's operating performance negatively[17]. - The company has identified potential risks including a decline in downstream industry demand and intensified competition leading to price reductions[17]. - The company has a high market share in packaging materials, but faces potential risks of market share decline due to competition from other companies entering the packaging materials production segment[15]. - The quartz crystal oscillator market is expected to benefit from the growth of smart terminals and network products, driven by advancements in 5G technology[118]. Inventory and Accounts Receivable - The company's accounts receivable at the end of the reporting period amounted to 72,528,018.92 yuan, with 10.54% of this amount being over one year old, highlighting potential collection risks[15]. - The company's inventory value was reported at 103,450,225.42 yuan, accounting for 12.71% of total assets, with a provision for inventory impairment of 2,636,838.56 yuan[15]. - The company has implemented an ERP system for inventory management to reduce the risk of inventory impairment through better stock control[127]. Corporate Governance and Shareholder Relations - The company is committed to improving its governance structure and maintaining shareholder rights, including cash dividend policies[116]. - The actual controller holds 72.38% of voting rights, raising concerns about potential improper control over company operations, which the company aims to mitigate through improved governance structures[128]. - The company has provided guarantees totaling ¥5,000,000, ¥3,000,000, and ¥4,000,000 for various subsidiaries, reflecting ongoing financial commitments[136]. - The company has maintained compliance with its commitments regarding share transfer restrictions for shareholders since June 2021[148]. - The company reported a total profit distribution of 1.8 yuan per 10 shares, with no stock bonus or capital increase proposed[182]. Financial Management and Investments - The company has a total of 130.4 million yuan reported in its financial summary[180]. - The company utilized 66,325,027.87 in raised funds for investment projects, including the production of 1 billion ultra-small, high-precision SMD quartz crystal resonators and the construction of a research and development center[171]. - The cumulative investment in the fundraising projects amounted to 87,315,853.37, with 41.10% of the production project completed by the end of the reporting period[175]. - The company has secured loans totaling RMB 5 million, RMB 3 million, RMB 4 million, RMB 6 million, RMB 7 million, and RMB 8 million from various banks with interest rates ranging from 3.21% to 3.85%[178]. - The company has undergone necessary approval procedures for the use of raised funds, ensuring compliance with relevant regulations[176]. Employee and Management Structure - The total remuneration for directors, supervisors, and senior management in 2022 amounted to CNY 3,560,373.35[193]. - The company had a total of 672 employees at the end of the reporting period, down from 682 at the beginning[194]. - The company’s employee training programs include new employee training, professional skills training, and leadership enhancement[195]. - The company has maintained a stable guarantee structure with no changes in the number of guarantees provided[138].
晶赛科技(871981) - 2022 Q4 - 年度财报