Kinwong(SH:603228)2023-04-19 16:00Financial Performance - The company's operating revenue for 2022 was CNY 10,513,990,309.76, representing a 10.30% increase from CNY 9,532,422,463.08 in 2021[13] - The net profit attributable to shareholders for 2022 was CNY 1,065,836,627.00, up 13.96% from CNY 935,254,514.42 in 2021[13] - The net cash flow from operating activities increased by 36.40% to CNY 1,555,062,569.54 in 2022, compared to CNY 1,140,088,344.62 in 2021[13] - The company's total assets as of the end of 2022 were CNY 15,491,566,923.94, an 8.02% increase from CNY 14,341,831,053.63 at the end of 2021[13] - Basic earnings per share for 2022 were CNY 1.27, a 14.41% increase from CNY 1.11 in 2021[14] - The weighted average return on equity for 2022 was 13.85%, an increase of 0.27 percentage points from 13.58% in 2021[14] - The net profit after deducting non-recurring gains and losses for 2022 was CNY 957,459,286.31, reflecting a 14.24% increase from CNY 838,096,506.09 in 2021[13] Research and Development - In 2022, the company's R&D investment reached 546 million RMB, a year-on-year increase of 19.27%[36] - The company obtained 47 invention patents and 34 utility model patents during the reporting period[36] - The company holds 257 invention patents and 195 utility model patents, showcasing its strong R&D capabilities[63] Production and Sales - The production volume of printed circuit boards was 926.97 million square meters, a year-on-year increase of 1.88%[69] - The sales volume of printed circuit boards reached 914.02 million square meters, up 2.42% from the previous year[69] - The company achieved mass production of high-performance products including server high-speed boards and new energy vehicle charging and distribution boards[36] Market Position and Strategy - The global PCB industry is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2022 to 2027, reaching approximately 98.388 billion USD by 2027[54] - The company ranks 16th globally in the PCB industry and 3rd among domestic PCB manufacturers in China[42] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[15] - The company aims to enhance its core competitiveness through long-term strategic partnerships with global strategic customers[37] - The company is focusing on high-end products such as high-density multilayer boards and HDI boards, which are expected to see significant growth in the next five years[54] Environmental and Social Responsibility - The company has implemented emergency response plans for environmental incidents, with the latest version filed on July 9, 2021[131] - The total investment in social responsibility projects amounted to 3.3 million yuan, focusing on rural revitalization and educational support[125] - The company reduced carbon emissions by 16,970 tons through various carbon reduction measures[123] - The company has established a comprehensive environmental monitoring program, including regular third-party assessments[134] Corporate Governance - The company completed the election of a new board of directors during the reporting period, holding 9 board meetings to ensure prudent decision-making on significant matters[147] - The company engaged Tianzhi International Accounting Firm for auditing services, with a remuneration of 2 million RMB for the year[145] - The company has committed to not engaging in any business that competes with its own operations, ensuring protection of shareholder interests[140] Financial Management - The company reported a total of 288 million RMB in bank financial management, with 38 million RMB from self-owned funds and 250 million RMB from raised funds[166] - The company has been actively managing its capital structure, with a focus on maintaining a balance between risk and return in its financial products[176] - The company has committed to avoiding competition with its subsidiaries and will transfer competing businesses to unrelated third parties if necessary[155] Shareholder Returns - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares to all shareholders based on the total share capital as of the dividend distribution date, with no bonus shares or capital reserve conversion[89] - The company issued cash dividends of RMB 3.00 per 10 shares to all shareholders based on the total share capital as of the dividend distribution date[191] Compliance and Risk Management - The company has implemented measures to ensure compliance with regulatory requirements and maintain shareholder value[177] - The company has not experienced any non-compliance issues regarding guarantees during the reporting period[144] - The company has not reported any significant accounting errors or changes in accounting policies during the reporting period[159]