LIHANG TECHNOLOGY(SH:603261)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was CNY 369,766,977.63, representing a 21.20% increase compared to CNY 305,100,698.16 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 35,094,813.64, a decrease of 49.73% from CNY 69,818,620.85 in 2021[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,678,188.16, down 44.82% from CNY 66,467,531.40 in 2021[20]. - The net cash flow from operating activities for 2022 was negative CNY 94,427,465.66, a decline of 388.31% compared to CNY 32,752,277.57 in 2021[20]. - The basic earnings per share decreased by 60.33% to RMB 0.48 from RMB 1.21 in 2021[21]. - The company reported an operating profit of RMB 44,177,079.77, which is a decline of 46.56% year-on-year[27]. - The total assets increased by 62.02% to RMB 1,184,471,702.25, while net assets grew by 67.03% to RMB 875,490,318.61[27]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥94,427,465.66, a significant decline of 388.31% from a positive cash flow of ¥32,752,277.57 in the previous year[50]. - Cash and cash equivalents at the end of the period amounted to 338,428,022.49, representing 28.57% of total assets, an increase from 220,916,453.13 (30.22%) in the previous period[67]. - Accounts receivable increased by 77.45% year-on-year, reaching 311,060,781.45, due to products sold not yet settled according to contract terms[67]. - Inventory increased by 40.05% year-on-year, totaling 143,418,195.74, attributed to increased orders[68]. - Fixed assets increased by 71.73% year-on-year, amounting to 108,542,928.36, primarily for capacity expansion and machinery purchases[68]. Dividends and Shareholder Returns - The proposed cash dividend for 2022 is CNY 1.35 per 10 shares, totaling CNY 10,588,160.97, which accounts for 30.17% of the net profit attributable to shareholders[5]. - A cash dividend of CNY 2.8 per 10 shares was distributed, totaling CNY 21,549,310.16, which represents 30.86% of the net profit attributable to shareholders for 2021[125]. - The total cash dividend amount for 2022 is CNY 10,588,160.97, which is 30.17% of the consolidated net profit attributable to ordinary shareholders[128]. - The company emphasizes the importance of reasonable returns to investors while ensuring sustainable development and maintaining the continuity of its profit distribution policy[125]. Research and Development - Significant progress was made in research and development, with breakthroughs in key technologies[27]. - The company has achieved significant breakthroughs in technological innovation, particularly in the application of artificial intelligence algorithms in aerospace equipment control, leading to the submission of multiple invention and utility model patent applications[33]. - The total R&D investment was ¥16,607,534.01, accounting for 4.49% of operating revenue[61]. - Research and development expenses amounted to ¥7,758,142.09, a decrease of 8.17% from ¥8,448,396.20[50]. - The company employed 116 R&D personnel, representing 16.4% of the total workforce[62]. Risk Management - The company has not reported any significant risks that could materially affect its operations during the reporting period[6]. - The company faces risks related to policy adjustments that could impact demand for aviation equipment, potentially affecting performance[83]. - The company is at risk of declining gross margins due to rising raw material costs and increased market competition[84]. - There is a technical risk associated with the rapid modernization of military equipment, requiring suppliers to continuously enhance manufacturing and R&D capabilities[88]. Corporate Governance - The company held 4 shareholder meetings during the reporting period, reviewing 18 proposals, ensuring equal rights for all shareholders[92]. - The board of directors consists of 5 members, including 2 independent directors, and held 10 meetings, adhering to legal and regulatory requirements[94]. - The supervisory board held 6 meetings, ensuring compliance with legal obligations and actively participating in major company decisions[95]. - The company maintains strict information disclosure practices, ensuring timely and accurate communication with shareholders through designated media[96]. - The company has established independent financial and operational structures, ensuring no overlap of personnel or financial resources with the controlling shareholder[101]. Employee Management and Development - The company has implemented a dual approach to talent training, combining internal and external training methods to improve effectiveness and establish a performance-based incentive mechanism[48]. - The company has established a comprehensive employee training system, focusing on management, technology, and health training[123]. - The company provides various social security benefits for employees, including pension and medical insurance[140]. - The company emphasizes talent development and offers growth opportunities for employees[140]. Shareholder Structure and Changes - The total number of shares increased from 57,711,822 to 78,430,822 due to the issuance of 19,250,000 new shares[158]. - The top shareholder, Liu Suiyang, holds 62.93% of the shares, totaling 49,355,164 shares[170]. - The company has no controlling shareholder or actual controller, ensuring a more transparent ownership structure[173]. - The company has not reported any significant changes in the shareholding structure of independent directors and supervisors during the reporting period[106]. Environmental and Social Responsibility - The company invested 10.20 million yuan in environmental protection during the reporting period[136]. - The company does not belong to the key pollutant discharge units and has not faced any penalties for violations during the reporting period[138]. - The company has not disclosed a separate social responsibility or ESG report[139]. Audit and Compliance - The audit opinion for the financial statements was a standard unqualified opinion, confirming the fair presentation of the company's financial position[182]. - The internal control audit report received a standard unqualified opinion[135]. - The company has committed to maintaining information disclosure responsibilities as per regulatory requirements[147].