JCET(SH:600584)2023-03-30 16:00Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2 CNY per 10 shares, totaling 355,910,600 CNY, based on a total share capital of 1,779,553,000 shares[5]. - The company will not increase capital reserves or issue bonus shares for the 2022 fiscal year[5]. - The company has not made any adjustments to its profit distribution policy during the reporting period[132]. - The company declared a cash dividend of CNY 355,910,600, which represents 12.03% of the net profit attributable to ordinary shareholders in the consolidated financial statements[137]. - The company did not propose a cash profit distribution plan despite having a positive profit available for distribution to shareholders[136]. - The company has proposed to maintain its cash dividend distribution ratio even if there are changes in total share capital due to stock options[133]. Financial Performance - The company's operating revenue for 2022 was CNY 33.76 billion, representing a year-on-year increase of 10.69% compared to CNY 30.50 billion in 2021[21]. - The net profit attributable to shareholders for 2022 was CNY 3.23 billion, up 9.20% from CNY 2.96 billion in 2021[21]. - The basic earnings per share for 2022 was CNY 1.82, reflecting a 5.81% increase from CNY 1.72 in 2021[22]. - The total assets at the end of 2022 were CNY 39.41 billion, a 6.22% increase from CNY 37.10 billion at the end of 2021[21]. - The net cash flow from operating activities for 2022 was CNY 6.01 billion, down 19.06% from CNY 7.43 billion in 2021[21]. - The company reported a total of CNY 401.12 million in non-recurring gains and losses for 2022, compared to CNY 472.14 million in 2021[25]. - The weighted average return on equity for 2022 was 14.19%, a decrease of 2.23 percentage points from 16.42% in 2021[22]. - The company achieved an annual revenue of 33.76 billion yuan, a year-on-year increase of 10.7%, and a net profit attributable to shareholders of 3.23 billion yuan, up 9.2% year-on-year[28]. Market and Industry Insights - The global semiconductor industry sales reached $574.1 billion in 2022, with a year-on-year growth of 3.3%, although the second half of the year saw a slowdown[31]. - The automotive chip market experienced a remarkable growth of 29.2% year-on-year, reaching a record sales figure of $34.1 billion[31]. - The company is focusing on high-performance packaging technology and expanding into high-value markets such as automotive electronics and 5G communications[37]. - The global semiconductor market is expected to reach $556.6 billion in 2023, a decline of 4.1% year-on-year, but is projected to grow to $665.3 billion in 2024, a 10% increase[85]. - The advanced packaging market is expected to grow from $37.4 billion in 2021 to $65 billion by 2027, with a compound annual growth rate of 9.6%[86]. - In 2022, China's semiconductor market sales reached $180.3 billion, making it the largest single semiconductor market globally[87]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Ernst & Young Huaming[4]. - The company has confirmed that all board members attended the board meeting, ensuring the report's accuracy and completeness[8]. - The company has established a modern corporate governance structure, continuously improving governance levels[99]. - The audit committee regularly reviews internal audit suggestions, enhancing the company's compliance and operational standards[99]. - The company strictly adhered to information disclosure regulations, ensuring timely and accurate communication with stakeholders[101]. - The company has no controlling shareholder or actual controller, maintaining independence in operations and governance[100]. Research and Development - Research and development expenses increased by 10.74% to 1.31 billion RMB, reflecting the company's commitment to innovation[47]. - The company is investing $100 million in R&D for new technologies aimed at enhancing product efficiency and performance[109]. - R&D investment focused on emerging markets such as 5G RF, WiFi, HPC, and automotive electronics, with automotive electronics revenue increasing by 85% year-over-year[60]. - The company has established an innovation center in Shanghai to enhance advanced packaging technology and support supply chain diversification[61]. Environmental Responsibility - The company invested approximately ¥14,733.03 million in environmental protection during the reporting period, including fixed asset investments and daily operational costs for hazardous waste disposal and wastewater treatment[144]. - The total wastewater discharge for 2022 was 370.8730 million tons, with an actual discharge of 218.9158 million tons, indicating compliance with environmental standards[146]. - The company has implemented a self-monitoring scheme for environmental compliance, including regular water quality sampling[156]. - The company has committed to environmental responsibility by establishing mechanisms for pollution control and investing in sustainable practices[144]. Employee and Management Compensation - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to RMB 51.0478 million[114]. - The company’s management compensation is linked to the completion of operational plans, with monthly salaries for senior management[114]. - The company has established a strict remuneration management system that aligns with its compensation policies and assessment standards[114]. - The company implemented a 2022 employee stock ownership plan and stock option incentive plan, approved in the second shareholder meeting[102]. Risk Management - The company faces risks from industry volatility, with semiconductor cycles potentially impacting future performance[94]. - Trade friction risks may affect the company's overseas revenue, which constitutes a significant portion of its main business income[95]. - The company adopts a "neutral" management approach to mitigate foreign exchange risks due to its operations in different currencies[96].