Cybrid(SH:603212)2023-04-27 16:00Financial Performance - The company achieved a total operating revenue of CNY 4,115,284,358.21 in 2022, representing a year-on-year increase of 36.39% due to increased sales of packaging films and materials for transportation and power, including new energy lithium batteries[26] - The net profit attributable to shareholders of the listed company was CNY 171,246,028.96, a slight increase of 0.68% compared to the previous year[25] - The net assets attributable to shareholders of the listed company grew by 33.26% year-on-year, primarily due to the conversion of convertible bonds during the year[27] - The company reported a negative net cash flow from operating activities of CNY -79,656,632.90, an improvement from CNY -177,128,808.22 in the previous year[25] - Basic earnings per share for 2022 were CNY 0.41, a decrease of 2.38% from CNY 0.42 in 2021[26] - The weighted average return on net assets was 6.47%, down 2.16 percentage points from the previous year[26] - The company recorded quarterly revenues of CNY 1,097,559,810.67, CNY 1,160,878,734.88, CNY 962,656,349.74, and CNY 894,189,462.92 for Q1, Q2, Q3, and Q4 respectively in 2022[29] Dividend Distribution - The company plans to distribute a cash dividend of 1.25 RMB per 10 shares, totaling 55,045,254.50 RMB, which represents 32.14% of the net profit attributable to shareholders for 2022[7] - The total cash dividend distributed was ¥55,045,254.50, which accounted for 32.14% of the net profit attributable to ordinary shareholders in the consolidated financial statements[188] Audit and Compliance - The company has received a standard unqualified audit report from Tianheng Accounting Firm[6] - The board of directors and supervisory board members confirmed the authenticity, accuracy, and completeness of the annual report[5] - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[6] - The company has established a comprehensive internal control system to ensure compliance and protect shareholder interests[194] - The internal control audit report for 2022 received a standard unqualified opinion from Tianheng Accounting Firm[195] Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period[9] - The company has not faced any substantial risks that could impact its production and operations[9] - There were no objections raised by the Supervisory Board regarding the company's risk management during the reporting period[180] Business Strategy and Development - The company plans to continue expanding its product offerings and market presence, focusing on new technologies and materials in the upcoming fiscal year[26] - The company’s future plans and development strategies are subject to investment risks and do not constitute substantive commitments to investors[8] - The company initiated a "Neuron Strategy" in 2022 to integrate technology, resources, and brand, aiming to build an innovative platform for diversified development[53] - The company is implementing a comprehensive digital transformation by upgrading its ERP, PLM, CRM, MES, and WMS systems to enhance efficiency and reduce costs[54] Market Expansion and Product Development - The company aims to increase the sales proportion of high-value-added backsheets and low-cost backsheets in 2023, expecting growth in this segment[42] - The company plans to introduce new products such as water-cooled plate cold-adhesive film and FFC insulation adhesive film to maintain profitability in 2023[40] - The company has developed new products such as flat cables and water-cooled plates, which are expected to gradually ramp up in 2023[48] - The company is actively pursuing market expansion in the photovoltaic sector, with new product launches and adaptations to meet diverse customer needs[75] Research and Development - Research and development expenses rose by 48.66% to CNY 134,304,865.03, reflecting increased investment in innovation[102] - The company has established a comprehensive R&D system, including a dedicated innovation center and various technical platforms, to enhance its product development efficiency[92] - The company has developed over ten industry-leading inventions, including transparent grid backplanes and high-wear transparent backplanes, showcasing its strong R&D capabilities[90] Talent Management - The company is focusing on talent development and retention through skill training programs and an equity incentive plan to attract and retain top talent[56][55] - The number of R&D personnel is 124, representing 13% of the total workforce, with a significant portion holding master's degrees[119] - The company has implemented a performance-based compensation policy to ensure competitive salary levels[182] Governance and Leadership - The company has maintained a stable governance structure with long-serving directors, which may contribute to consistent decision-making and strategic planning[166] - The board of directors includes members with extensive experience in technology and investment, enhancing the company's strategic direction[167] - The company is focused on maintaining a robust governance structure with regular board meetings to review performance and strategic direction[172] Environmental and Sustainability Initiatives - The company is focusing on sustainability initiatives, allocating $20 million towards eco-friendly practices and technologies[164] - The company invested 22.35 million yuan in environmental protection during the reporting period[199] - The company achieved compliance in emissions, with major pollutants treated to meet standards, including organic waste gas and noise levels[200]