Silan(SH:600460)2023-03-30 16:00Financial Performance - The company's operating revenue for 2022 was ¥8,282,201,633.03, representing a 15.12% increase compared to ¥7,194,148,249.93 in 2021[22]. - The net profit attributable to shareholders for 2022 decreased by 30.66% to ¥1,052,416,787.13 from ¥1,517,725,588.30 in 2021[22]. - The net cash flow from operating activities dropped significantly by 78.77% to ¥203,754,613.49, down from ¥959,754,525.58 in the previous year[22]. - The total assets increased by 22.56% to ¥16,920,480,164.27 at the end of 2022, compared to ¥13,806,362,735.28 at the end of 2021[22]. - Basic earnings per share for 2022 were ¥0.74, a decrease of 34.51% from ¥1.13 in 2021[23]. - The weighted average return on equity fell to 15.30% in 2022, down 17.53 percentage points from 32.83% in 2021[23]. - The company reported a quarterly revenue of ¥2,001,080,840.64 in Q1 2022, with a net profit of ¥268,446,599.11 for the same period[25]. - Non-recurring gains and losses totaled ¥421,159,723.76 for 2022, compared to ¥622,416,824.47 in 2021[26]. - The net assets attributable to shareholders increased by 15.03% to ¥7,373,712,748.30 at the end of 2022 from ¥6,410,496,754.49 at the end of 2021[22]. Dividend Policy - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares, totaling approximately 141.61 million CNY (including tax) based on a total share capital of 1,416,071,845 shares as of December 31, 2022[5]. - The company has maintained a consistent approach to profit distribution, with adjustments to per-share distribution ratios if total share capital changes due to various corporate actions[5]. - The company’s cash dividend policy requires a minimum of 30% of the average distributable profit over three years to be distributed as cash dividends[178]. Risk Management - The company has outlined potential risks in its future development in the management discussion and analysis section of the report[7]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[6]. - The company is enhancing its cash flow management and cost control measures to mitigate risks associated with potential order shortfalls and macroeconomic uncertainties[136]. - The company is actively managing supply chain risks by maintaining communication with suppliers and arranging procurement orders in advance[137]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the authenticity and completeness of the financial report[4]. - The company has not reported any instances of more than half of the board members being unable to guarantee the authenticity and completeness of the annual report[7]. - The company has established a comprehensive internal control management system in accordance with regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange, continuously optimizing its governance structure and internal control system[189]. - The company conducted 4 meetings of the Audit Committee during the reporting period, reviewing annual reports and quarterly financial statements[169]. - The company has conducted 5 shareholder meetings in 2022, ensuring compliance with regulations and protecting the rights of minority shareholders[144]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27]. - The company is focusing on expanding its market presence in the automotive and new energy sectors, leveraging its IDM model and high-end customer base[30]. - The company aims to enhance its product offerings through R&D in advanced automotive and industrial power management products, as well as MEMS sensor technologies[74]. - The company is actively pursuing large customer orders and expanding its domestic market presence to counteract potential declines in demand from downstream enterprises[136]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[158]. Research and Development - The company has developed a sustainable R&D system, focusing on various semiconductor products, including high-voltage BCD, IGBT, and SiC-MOSFET devices, ensuring product diversity and supporting various product lines[49]. - The R&D expenses increased to 711,075,805.28 CNY, reflecting a 21.16% rise from the previous year[56]. - The company expects to increase its R&D expenditure to approximately 881 million yuan in 2023, which is an increase of about 18.5% compared to 2022[141]. - The company is committed to continuous product development and industrialization, adapting to market changes and maintaining sustainable growth[50]. Environmental Responsibility - The company invested approximately 35.5 million yuan in environmental protection during the reporting period[192]. - The total discharge of water pollutants from the company was 170.45 million tons, which is within the approved discharge limit of 212.94 million tons[194]. - The company achieved compliance with all major pollutant discharge standards, including pH, COD, and ammonia nitrogen, across its facilities[195]. - The company has established online monitoring systems for wastewater pollutants, with real-time data uploaded to the ecological environment bureau[199]. Subsidiary Performance - The company’s subsidiary, Hangzhou Silan Integrated Circuit Co., Ltd., reported total assets of RMB 1.97515 billion and a net profit of -RMB 14.6 million for the year 2022[97]. - The company’s subsidiary, Shenzhen Shenlan Microelectronics Co., Ltd., reported total assets of RMB 146.68 million and a net profit of -RMB 1.518 million for the year 2022[98]. - Total assets of Hangzhou Silan Mingxin Technology Co., Ltd. reached 979.2 million yuan with a net profit of -88.52 million yuan for 2022[99]. - Chengdu Silan Semiconductor Manufacturing Co., Ltd. reported total assets of 1.7677 billion yuan and a net profit of 25.32 million yuan for 2022[100]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 12% to 15% based on anticipated market expansion and new product launches[156]. - The company plans to achieve approximately 11 billion yuan in total revenue for 2023, indicating a growth of around 33% compared to 2022, while controlling total costs at about 9.5 billion yuan, a 30% increase from the previous year[134]. - The company is positioned to leverage the growing market opportunities in sectors such as green appliances, smart manufacturing, and electric vehicles[116].