JDM(SH:603088)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was RMB 650,445,565.75, representing a 21.85% increase compared to RMB 533,822,892.30 in 2021[21]. - The net profit attributable to shareholders for 2022 was RMB 142,717,937.74, a significant increase of 66.35% from RMB 85,791,493.61 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was RMB 132,927,793.75, which is an 82.56% increase from RMB 72,811,703.01 in 2021[21]. - The basic earnings per share for 2022 was RMB 0.33, reflecting a 65.00% increase from RMB 0.20 in 2021[22]. - The weighted average return on equity for 2022 was 24.48%, an increase of 8.66 percentage points from 15.82% in 2021[22]. - Operating profit reached 167.08 million RMB, with a significant increase of 74.78% compared to the previous year[39]. - Net profit amounted to 143.45 million RMB, reflecting a year-on-year growth of 67.76%[39]. - The total revenue for the year reached 26,764,438 million, with a significant increase of 38,614,293 million in the following period, indicating a growth of approximately 44%[96]. Assets and Liabilities - The company's total assets at the end of 2022 reached RMB 1,342,075,581.55, up 16.18% from RMB 1,155,173,272.48 at the end of 2021[21]. - The company's net assets attributable to shareholders increased to RMB 639,809,718.77, a rise of 17.61% from RMB 544,027,305.66 in 2021[21]. - The total assets as of December 31, 2022, reached CNY 1,323,704,797.73, up from CNY 1,144,290,191.61 in 2021, representing a growth of 15.7%[185]. - The total liabilities increased to CNY 686,779,210.84 in 2022 from CNY 603,059,982.28 in 2021, marking a rise of 13.9%[185]. - The company's cash and cash equivalents increased to 274.14 million RMB from 87.54 million RMB in the previous year, showing significant liquidity improvement[180]. Cash Flow - The cash flow from operating activities for 2022 was RMB 152,454,984.25, a decrease of 8.31% compared to RMB 166,273,312.27 in 2021[21]. - The company reported a significant increase in cash flow from operating activities in Q4 2022, amounting to ¥95.41 million, compared to a negative cash flow of ¥5.68 million in Q1 2022[25]. - The cash flow generated from operating activities was 152.45 million yuan, a decrease of 8.31% compared to the previous year[57]. - Cash inflow from investment activities reached CNY 611,680,407.59, significantly higher than CNY 188,620,808.55, marking an increase of approximately 224.5%[196]. - The total cash and cash equivalents at the end of the period amounted to CNY 253,974,604.79, up from CNY 87,164,408.37, reflecting a net increase of CNY 166,810,196.42[196]. Research and Development - The company has a total of 154 patents, including 31 invention patents, which support its product development and technological innovation[36]. - The total R&D expenses for the period were 26.37 million yuan, representing 4.05% of the operating revenue[54]. - Research and development expenses for 2022 were CNY 26,373,612.12, compared to CNY 19,783,979.08 in 2021, an increase of 33.3%[187]. - The company has made substantial progress in new product development, including the patented fin retrieval machine, which addresses a major industry pain point and has received bulk orders[30]. Market and Sales - The revenue from air conditioning heat exchanger equipment was 287.68 million RMB, up 19.06% year-on-year, while precision press machines generated 279.97 million RMB, marking a 38.23% increase[39]. - The domestic sales of the MCP series press machine, used for manufacturing electric motor cores for new energy vehicles, have significantly increased, showcasing the company's competitive edge in this sector[31]. - The company has established partnerships with major automotive manufacturers such as BYD and Great Wall Motors, enhancing its market presence in the micro-channel heat exchanger segment[31]. - The company is focusing on expanding its market presence and optimizing internal management to sustain growth amid external pressures and market challenges[30]. Governance and Compliance - The company has implemented measures to ensure compliance with governance standards and maintain transparency in its operations[91]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[7]. - The company faced public reprimands from the Shanghai Stock Exchange and penalties totaling 600,000 yuan for violations involving its actual controllers[104]. - The company has maintained a consistent governance structure with independent directors and a board secretary in place[95]. Shareholder Information - The company plans to distribute a cash dividend of RMB 2.20 per 10 shares, totaling RMB 96,365,592.40 to shareholders[6]. - The total pre-tax remuneration for director Li Yongjian was 189.25 million yuan, reflecting his role as general manager and the issuance of stock incentives[95]. - The largest shareholder, Ningbo Chengxing Holdings Co., Ltd., holds 128,970,386 shares, representing 29.44% of the total shares[159]. - The company reported a total of 24,739,904 shares held by director Zheng Liangcai at the end of the reporting period, an increase of 7,068,544 shares due to capital reserve conversion[95]. Risks and Challenges - The company is at risk of declining gross margins due to rising raw material prices, labor costs, and increased competition, which may lead to price adjustments[80]. - The company faces potential risks related to contract fulfillment due to increasing customer demands for customization and shorter delivery times[84]. - The company is experiencing risks associated with accounts receivable due to the custom nature of its products and the time required for customer acceptance[85]. - The company’s overseas business is growing rapidly, but it is exposed to exchange rate risks that could impact its financial performance[86].