BIRD(SH:600130)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥534,560,938.45, a decrease of 32.11% compared to ¥787,413,129.22 in 2021[22] - The net profit attributable to shareholders for 2022 was ¥18,225,842.48, down 57.50% from ¥42,883,222.80 in the previous year[22] - Basic earnings per share for 2022 were ¥0.02, a decline of 66.67% compared to ¥0.06 in 2021[23] - The weighted average return on equity decreased to 1.84% from 4.47% in 2021, a reduction of 2.63 percentage points[23] - The total non-recurring gains and losses for 2022 amounted to CNY 18,882,979.08, a significant decrease from CNY 43,784,709.54 in 2021[27] - Operating profit was CNY 34.02 million, down 40.42% compared to the previous year, resulting in a profit reduction of CNY 23.08 million[39] - Net profit attributable to shareholders was CNY 18.23 million, a decline of 57.50% year-on-year, with a decrease of CNY 24.66 million[39] - The company reported a net loss of CNY 296,183,390.12 for the year, an improvement compared to a loss of CNY 314,409,232.60 in 2021[142] - The company reported a financial expense of -¥12,251,356.09 in 2022, compared to a financial income of ¥1,499,722.04 in 2021[148] Cash Flow and Assets - The net cash flow from operating activities increased by 130.62% to ¥171,287,459.14 from ¥74,272,685.22 in 2021[22] - The total assets at the end of 2022 were ¥1,201,209,586.02, a decrease of 2.59% from ¥1,233,195,014.65 in 2021[22] - The net cash flow from investing activities decreased by 49.94% to CNY 16,386,228.72, primarily due to a reduction in the sale of investment properties[52] - Cash and cash equivalents increased to CNY 562,147,035.91 from CNY 383,526,370.20, representing a growth of approximately 46.7%[141] - The company's total equity increased slightly from ¥915,440,231.08 in 2021 to ¥921,878,978.37 in 2022, an increase of 0.5%[145] - The total liabilities decreased to CNY 153,085,540.93 from CNY 213,089,627.97, a reduction of about 28.1%[142] - The company’s short-term borrowings dropped to CNY 1,504,219.31 from CNY 15,020,934.38, a decrease of about 90%[142] Business Operations and Strategy - The company reported a significant decline in mobile phone export business due to international market volatility and weak demand, leading to a substantial decrease in scale compared to previous years[34] - The IOT module contract manufacturing business showed progress, but customer development was weak, resulting in limited scale and efficiency[34] - The automotive electronics business achieved a certain sales scale and economic benefits, but concerns about product singularity and insufficient R&D capabilities remain[34] - The company has shifted its business model to focus on ODM and has introduced new product lines, including IOT modules and automotive electronics, to adapt to market changes[34] - The company aims to explore and develop new electronic products beyond mobile phones to improve factory efficiency and resource utilization[64] - The company acknowledges that its previous reliance on ODM mobile phone business is no longer sustainable due to increased competition from industry giants[62] - The company is actively seeking partnerships and exploring new industries to achieve sustainable development[63] Research and Development - Research and development expenses increased by 6.88% to CNY 20.41 million, reflecting ongoing investment in innovation[40] - The company has 51 R&D personnel, representing 10.90% of the total workforce, with 7 holding master's degrees[50] - The company has faced significant challenges in maintaining its competitive edge due to previous internal adjustments, impacting its R&D and production capabilities[38] Governance and Compliance - The company has implemented a robust governance structure to ensure compliance with legal and regulatory requirements, maintaining transparency and protecting shareholder interests[67] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 4.8789 million yuan[75] - The company has established a comprehensive internal control system, which has been audited and received a standard unqualified opinion[95] - The company has not reported any significant changes in accounting policies that would affect the financial results[181] Shareholder Information - The company reported a total of 70,806 ordinary shareholders as of the end of the reporting period[112] - The top ten shareholders hold a total of 125,946,400 shares, representing 16.40% of the total shares[114] - The company has maintained a stable shareholder structure with no changes in the controlling shareholder relationships[114] Market Conditions - The mobile phone market in China has become saturated, leading to a decline in overall smartphone shipments, while the 5G phone market share is increasing[62] - The company has faced significant risks related to technology and market changes, impacting its competitive advantage in the mobile phone sector[65] Financial Reporting - The audit report confirms that the financial statements fairly present the company's financial position as of December 31, 2022, in accordance with accounting standards[126] - The financial statements are prepared based on the going concern principle, indicating no significant doubts about the company's ability to continue operations[180] - The financial report was approved by the board of directors on April 27, 2023, ensuring its timeliness and relevance[177]