WAZAM(SH:603186)2023-03-14 16:00Financial Performance - The company's operating revenue for 2022 was CNY 3,285,504,596.23, a decrease of 9.23% compared to CNY 3,619,685,625.18 in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 36,079,871.38, down 84.85% from CNY 238,221,435.45 in 2021[23]. - The basic earnings per share for 2022 was CNY 0.25, a decline of 85.12% from CNY 1.68 in 2021[24]. - The weighted average return on equity for 2022 was 2.21%, a decrease of 13.15 percentage points from 15.36% in 2021[24]. - The total revenue for the main business was approximately 3.24 billion RMB, a decrease of 7.67% compared to the previous year[65][69]. - The gross profit margin for the main business was 11.82%, a decrease of 3.96 percentage points compared to the previous year[69]. - The company reported a significant reduction in outsourcing processing fees, which fell by 52.89% to 10.85 million yuan[74]. - The company reported a significant increase in revenue, reaching $1.2 billion, representing a 15% year-over-year growth[149]. Cash Dividends and Profit Distribution - The company plans to distribute a cash dividend of 0.80 RMB per 10 shares to all shareholders, pending approval at the annual general meeting[6]. - The company has established a cash dividend policy that emphasizes a minimum cash dividend proportion of 80% for mature companies without major capital expenditure plans[172]. - The total cash dividend amount distributed accounted for 31.49% of the net profit attributable to ordinary shareholders in the consolidated financial statements[179]. - The company has a policy to distribute at least 30% of the average distributable profit over three years in cash, considering future operational and investment impacts[174]. - The company confirmed that the cash dividend policy complies with the company's articles of association and shareholder resolutions[176]. - The total cash dividend amount (including tax) for the reporting period was 11,360,931.68 RMB[178]. - The company did not issue any bonus shares or stock dividends during the reporting period[178]. Risk Management and Compliance - The company has detailed potential risk factors in the report, which investors should review[8]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements[7]. - The company is monitoring raw material price fluctuations and developing risk response mechanisms to maintain production stability and profitability[135]. - The company is addressing potential risks related to R&D investments and market performance to ensure balanced resource allocation and shareholder returns[137]. - The company maintains complete independence in operations, assets, finance, and management, ensuring no misuse of funds by major shareholders[142]. - The company adheres to strict information disclosure requirements, ensuring transparency and fairness in reporting to protect the interests of all shareholders, especially minority ones[143]. - The company continues to focus on maintaining good governance practices and compliance with relevant laws and regulations[143]. Research and Development - The company is focusing on R&D investments to reduce costs and expand applications in automotive electronics and renewable energy sectors[34]. - The company has established partnerships with external research institutions to enhance its R&D capabilities and attract top talent[38]. - The company has a total of 451 R&D personnel, accounting for 18.20% of the total workforce[2]. - R&D expenses totaled 218.29 million yuan, constituting 6.64% of total revenue, with capitalized R&D accounting for 9.41% of total R&D expenses[82]. - The company is actively involved in research and development of new materials and technologies to enhance its competitive edge[113]. - The company is enhancing its automotive electronics materials to meet the growing demand in electric vehicles and autonomous driving technologies[93]. Market Expansion and Strategy - The company plans to focus on expanding its market presence and enhancing its product development strategies in the upcoming fiscal year[23]. - The company is actively pursuing digital transformation and smart manufacturing initiatives, leveraging technologies such as AI and big data[63]. - The company aims to enhance R&D capabilities in electronic materials and composite materials, focusing on customer satisfaction and value enhancement[126]. - The company plans to solidify its core business while fostering innovation to maintain high-quality growth and develop a second growth curve[128]. - The company is considering strategic acquisitions to bolster its product portfolio, with a budget of $100 million allocated for potential deals[149]. Environmental and Social Responsibility - The company has conducted environmental impact assessments for construction projects and obtained necessary environmental permits[194]. - The company implemented a solar photovoltaic power generation project, resulting in a reduction of electricity costs by approximately 1.1 million yuan in 2022[199]. - Total donations and public welfare project investments amounted to 3.4 million yuan, with all funds directed to the Red Cross and Green Shared Foundation[200]. Management and Governance - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4]. - The company has approved the extension of the validity period for the public issuance of A-share convertible bonds[143]. - The total pre-tax remuneration for all directors, supervisors, and senior management was 8.1824 million yuan during the reporting period[157]. - The company has a diverse management team with members holding significant positions in various subsidiaries and affiliated companies[156]. - The ongoing leadership transitions are aimed at enhancing operational efficiency and strategic direction for future growth[151].