QUICK CO.,(SH:603203)2023-04-28 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a 20% growth year-over-year [24]. - The company achieved a revenue of 901,410,736.69, representing a year-on-year growth of 15.48% [25]. - Net profit attributable to shareholders was 273,380,105.53, an increase of 2.14% compared to the previous year [25]. - The net profit after deducting non-recurring gains and losses was 237,284,869.34, up by 8.80% year-on-year [25]. - Operating cash flow reached 241,781,491.87, reflecting a significant increase of 41.29% from the previous year [25]. - The company's total assets at the end of 2022 were 1,877,848,184.0, a 12.68% increase from the end of 2021 [25]. - Basic earnings per share were 1.11, a slight increase of 1.83% compared to 2021 [26]. - The weighted average return on equity was 20.85%, down by 1.89 percentage points from the previous year [26]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 10 RMB per 10 shares (including tax) based on the total share capital after deducting the repurchased restricted stocks [6]. - The company will carry forward the undistributed profits to the next fiscal year [6]. - The company will not propose a cash profit distribution plan if the parent company has positive distributable profits, but it must disclose the reasons and plans for undistributed profits [177]. - The total cash dividend amount for the 2021 fiscal year was approximately 248.15 million RMB, representing 90.77% of the net profit attributable to ordinary shareholders in the consolidated financial statements [178]. - The company has not adjusted its cash dividend policy during the reporting period, ensuring the protection of minority shareholders' rights [175]. Corporate Governance - The board of directors and senior management confirm the accuracy and completeness of the annual report [4]. - The report indicates that all board members attended the board meeting, ensuring collective responsibility for the report's content [4]. - The company emphasizes transparency and timely information disclosure to protect shareholder rights and maintain investor relations [140]. - The company has implemented a stock incentive plan and adheres to insider information management regulations to prevent insider trading [140]. - The company has established a comprehensive compensation and performance evaluation system, combining fixed salaries based on job responsibilities with performance-based incentives [169]. Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years [24]. - A strategic acquisition of a local tech firm was announced, aimed at enhancing the company's capabilities in IoT solutions [24]. - The company is actively expanding into new markets such as electric vehicles and artificial intelligence, focusing on R&D and new product development [35]. - The company plans to invest 200 million RMB in R&D for new technologies over the next three years [24]. - The company aims to enhance its precision welding technology and automation capabilities in the power semiconductor packaging field, with key projects recognized as critical core technology initiatives [125]. Research and Development - Research and development expenses increased by 76.86% to ¥113,659,248.30, up from ¥64,264,317.67, reflecting the company's commitment to innovation and new product development [79]. - The company is committed to continuous innovation and development of new technologies to meet the evolving needs of its customers [47]. - The company is focusing on technological advancements and new product development to drive future growth [146]. - The company is actively developing new technologies, including AI deep learning for defect detection, which has reached mass production [129]. Risk Management - The company emphasizes the importance of investment risk awareness due to uncertainties in forward-looking statements [7]. - The company has implemented measures to manage foreign exchange risks, including cash management and hedging strategies, to mitigate adverse effects on operational performance [134]. - There is a risk of accounts receivable bad debts due to increased sales of high-priced electronic welding and automation equipment, which may lead to cash flow and operational performance risks if overdue accounts arise [134]. - The company faces inventory impairment risks as rapid demand changes in downstream sectors may render some raw materials obsolete due to ongoing technological upgrades [134]. Compliance and Audit - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He [5]. - The company has implemented a detailed management system and operational guidelines for daily operations [185]. - The internal control system has been effectively implemented, with no significant deficiencies reported during the reporting period [185]. - The company received a standard unqualified opinion on its internal control audit from Xinyong Zhonghe Accounting Firm [187]. Employee and Management Structure - The company employed a total of 1,193 staff members, with 969 in the parent company and 224 in major subsidiaries [168]. - The workforce includes 405 production personnel, 115 sales personnel, 560 technical personnel, 14 financial personnel, 29 management personnel, and 70 others [168]. - The company has established a major event reporting system for subsidiaries to enhance internal management control [186]. - The company has multiple executives holding positions in various affiliated companies, indicating a broad network of leadership [152]. Environmental Commitment - The company invested 1.79 million yuan in environmental protection during the reporting period [190]. - The company reduced carbon emissions by 41 tons through various energy-saving measures, including the use of reclaimed water and energy-efficient equipment upgrades [192]. - In 2023, the company plans to invest in a 1.92 MW solar power project to further optimize its energy structure [193].