TC(SH:603085)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,424,864,636.73, a decrease of 16.37% compared to CNY 1,703,718,700.37 in 2021[20]. - The net profit attributable to shareholders of the listed company was CNY -273,242,759.63, representing a significant decline compared to CNY 28,203,760.11 in the previous year, a change of 1068.82%[21]. - The net profit after deducting non-recurring gains and losses was CNY -274,441,725.50, a decrease of 3671.74% from CNY 7,683,692.47 in 2021[21]. - The total assets at the end of 2022 were CNY 2,384,796,414.53, down 7.65% from CNY 2,582,273,973.81 at the end of 2021[21]. - The net assets attributable to shareholders of the listed company decreased to CNY 912,903,754.12, a decline of 11.99% from CNY 1,037,289,993.82 in 2021[21]. - The weighted average return on equity dropped to -28.04% in 2022 from 2.75% in 2021, a decrease of 30.79 percentage points[22]. - The basic earnings per share for 2022 was -0.71 RMB, a decline of 987.50% compared to 0.08 RMB in 2021[22]. - The company's total revenue for 2022 was 1.360 billion RMB, with a total decline of 17.44% compared to the previous year[30]. - The revenue from the four main business segments (commercial vehicle seats, passenger vehicle seats, aviation seats, and child safety seats) accounted for 95.46% of total revenue[56]. Cash Flow and Investments - The net cash flow from operating activities was CNY 89,494,905.06, an increase of 2.37% compared to CNY 87,424,243.59 in 2021[21]. - The company's cash flow from operating activities showed a net outflow of -26 million RMB in the fourth quarter of 2022[23]. - The net cash flow from financing activities surged by 2,388.65% to 52.13 million yuan, mainly due to the completion of a private placement raising 147.19 million yuan[73]. - The company invested approximately 155.85 million yuan in fixed asset projects, including the construction of a core component production base for aircraft seats[89]. Business Segments and Market Performance - The company's passenger car seat business achieved continuous growth, contributing 485 million RMB in revenue, accounting for 35.66% of total revenue, with a growth rate of 3.91%[30]. - The aviation seat business revenue fell by 26.24% to 208 million RMB, while the engineering machinery seat business revenue decreased by 22.91% to 346 million RMB[30]. - The children's safety seat market in China presents significant growth potential, with the company aiming to become one of the top three manufacturers in this segment[112]. - The company secured 10 new designated projects in the passenger car sector, with a total planned order volume of 3.67 million vehicles, supporting sustained growth in this segment[31]. - The company has established stable partnerships with major clients such as Boeing and Airbus, with several seat models approved for installation on mainstream aircraft[54]. Research and Development - R&D expenses increased by 63.54% to 94.70 million RMB, reflecting the company's commitment to innovation[58]. - The company completed the development of two new children's safety seat products, expected to enter mass production in April 2023[40]. - The company plans to develop 111 new products in 2023 for the commercial vehicle and engineering machinery sectors, with 48 for commercial vehicles and 63 for engineering machinery[126]. - The company aims to enhance its product and cost advantages in the aviation seating sector by completing the R&D and production layout for carbon fiber components[130]. Corporate Governance and Management - The company has a performance evaluation system in place for senior management remuneration based on company performance[150]. - The company has a structured approach to determining the remuneration of its non-independent directors and supervisors based on their management roles[150]. - The company has a clear strategy for profit distribution and cash dividends, which is included in the company’s articles of association and has been approved by the shareholders[170]. - The company has implemented measures to ensure independence from its controlling shareholders, with no conflicts of interest reported[139]. Environmental and Social Responsibility - The company invested 639,300 RMB in environmental protection during the reporting period[179]. - The company has established wastewater treatment facilities and an online monitoring system to ensure compliance with pollution discharge standards[182]. - The company reduced carbon emissions by 5,782 tons through the use of clean energy generation, with a total installed capacity of 8.3 MW from rooftop solar panels[187]. - The company has not faced any administrative penalties for environmental issues during the reporting period[185]. Future Outlook and Strategy - The company plans to continue expanding its market presence both domestically and internationally, focusing on enhancing product offerings and technological advancements[63]. - The company aims to produce over 2 million passenger car seats annually, targeting a market share of over 10% to become one of the top three suppliers in the industry[110]. - The company recognizes the historical opportunity presented by the rise of new energy vehicles, focusing on lightweight and intelligent seat designs for this market[117]. - The company will focus on developing advanced technologies in lightweight and intelligent seating, aiming to lead industry advancements and improve market competitiveness[123].