ETERN(SH:600105)2023-04-17 16:00Financial Performance - In 2022, the parent company achieved a net profit of ¥44,594,256.23, while the consolidated net profit attributable to the parent company was ¥226,072,139.72[5]. - The company's operating revenue for 2022 was approximately ¥4.23 billion, representing an increase of 8.13% compared to ¥3.91 billion in 2021[24]. - Net profit attributable to shareholders increased by 87.37% to approximately ¥226.07 million in 2022 from ¥120.66 million in 2021[24]. - The basic earnings per share rose to ¥0.16 in 2022, a 77.78% increase from ¥0.09 in 2021[25]. - The weighted average return on equity improved to 7.79% in 2022, up 3.54 percentage points from 4.25% in 2021[25]. - The company reported a net cash flow from operating activities of approximately -¥495.48 million in 2022, an improvement from -¥785.10 million in 2021[24]. - The total assets of the company reached approximately ¥7.94 billion at the end of 2022, a 6.75% increase from ¥7.44 billion at the end of 2021[24]. - The operating cost for 2022 was CNY 3,662.16 million, up 4.04% from CNY 3,519.93 million in the previous year[86]. - The company achieved a net cash flow from financing activities of CNY 536.71 million, a 125.83% increase compared to CNY 237.66 million in 2021[86]. Business Strategy and Expansion - The company plans not to distribute profits or increase capital reserves due to significant funding needs for ongoing business expansion and investment projects[5]. - The company is currently in a rapid development phase, focusing on new business expansion[5]. - The company has increased its focus on non-telecom and overseas markets, leading to a rise in order volume and improved profitability[25]. - The company is actively expanding its overseas business in the power transmission sector, particularly in South Asia and East Africa, while maintaining a cautious bidding strategy[43]. - The company is committed to expanding its overseas market presence, particularly in Latin America, Europe, and Asia, while increasing its market share in both operator and non-operator segments[136]. - The company has established a strategic layout focusing on "optical-electrical integration and collaborative development" in its business operations[57]. - The company is focusing on the commercialization of superconducting technology, particularly in applications such as magnetic induction heating and controlled nuclear fusion[135]. Research and Development - The company invested CNY 184.53 million in R&D, reflecting an 18.38% increase from CNY 155.89 million in 2021[86]. - The company has established a joint research institute with Nanjing University of Posts and Telecommunications to advance 5G technology applications[80]. - The company is focusing on the research and development of optical fiber preform, which is crucial for the production of optical fiber and cable products[122]. - The company has applied for a total of 146 patents in 2022, including 57 invention patents, and authorized 199 patents, with 42 being invention patents[101]. - The company is investing in R&D for intelligent algorithms and high-performance data collection to enhance its capabilities in data application and security services[42]. - The company has made significant advancements in R&D for new energy vehicle high-voltage wiring harnesses and automation processes, with successful applications in multiple mass-produced models[103]. Governance and Compliance - The company received a standard unqualified audit report from Asia-Pacific (Group) CPA[4]. - The board of directors and management guarantee the authenticity and completeness of the annual report[9]. - The company has not violated decision-making procedures for external guarantees[8]. - The company is committed to enhancing its governance structure, ensuring compliance with laws and regulations, and maintaining fair practices in transactions with controlling shareholders[146]. - The company has established a performance evaluation and incentive mechanism for senior management to ensure transparency and accountability in hiring and performance assessments[147]. - The company emphasized transparency and compliance with information disclosure regulations throughout the reporting period[148]. Market Trends and Industry Insights - The global optical communication market is driven by 5G, cloud computing, and data centers, with a continuous increase in demand for optical fiber and cable, particularly in emerging markets[47]. - The electric wire and cable industry in China has a market size exceeding one trillion RMB, driven by rapid economic growth and industrialization[56]. - The information communication industry is projected to reach RMB 4.3 trillion in revenue by 2025, with a compound annual growth rate (CAGR) of 10%[121]. - The number of gigabit broadband users is expected to grow from 6.4 million in 2020 to 60 million by 2025, representing a CAGR of 56%[121]. - The market for optical chips with speeds of 25G and above is anticipated to grow from USD 1.356 billion to USD 4.340 billion from 2019 to 2025, with a CAGR of 21.4%[126]. Employee and Talent Management - The company has established a multi-level talent training system, emphasizing the cultivation of high-level young talents and enhancing the professional skills of its workforce[181]. - The company has a total of 4,053 employees, with 642 in the parent company and 3,411 in major subsidiaries[177]. - The professional composition of employees includes 2,567 production personnel, 277 sales personnel, 811 technical personnel, 127 financial personnel, and 271 administrative personnel[177]. - The company has implemented a long-term incentive mechanism through a restricted stock incentive plan to attract and retain talent[175]. Environmental and Social Responsibility - The company has invested 4.9755 million yuan in environmental protection during the reporting period[195]. - The company has been recognized as a national "green factory" and continues to promote green manufacturing initiatives across its subsidiaries[198]. - The company has established emergency response plans for environmental incidents to enhance its ability to manage such events[197]. - The company adheres to the principle of "whoever pollutes, whoever governs," actively promoting resource and energy conservation[200].