TOSPO(SH:603303)2023-03-10 16:00Financial Performance - The company's operating revenue for 2022 was CNY 4,656,894,422.94, a decrease of 11.69% compared to CNY 5,273,081,022.42 in 2021[23]. - Net profit attributable to shareholders for 2022 was CNY 340,487,311.61, representing a 3.89% increase from CNY 327,730,283.70 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 305,052,223.08, which is a 30.28% increase compared to CNY 234,152,835.86 in 2021[23]. - The cash flow from operating activities for 2022 was CNY 928,577,687.23, a significant recovery from a negative cash flow of CNY -104,438,645.95 in 2021[23]. - Total assets at the end of 2022 were CNY 5,025,588,799.88, a slight increase of 0.35% from CNY 5,008,303,711.36 at the end of 2021[23]. - The company's net assets attributable to shareholders increased by 5.67% to CNY 3,271,262,299.43 from CNY 3,095,762,549.56 in 2021[23]. - Basic earnings per share were CNY 0.7139, an increase of 3.90% compared to the previous year[24]. - The diluted earnings per share were also CNY 0.7139, reflecting the same growth rate[24]. - The weighted average return on equity was 10.69%, a decrease of 0.29 percentage points from the previous year[24]. Business Segments - The general lighting business generated CNY 4.156 billion in revenue, a decrease of 11.39%[32]. - The automotive business achieved revenue of CNY 434 million, a growth of 54.61%[32]. - The company maintained its leading position in the residential lighting sector through efficient operations and high cost-performance[32]. - The company focused on customized, intelligent, and specialized product offerings in the commercial lighting sector to meet user demands[32]. - The automotive business has achieved rapid sales growth, focusing on "automotive controllers + automotive lighting" with increased R&D investment and market expansion[33]. - The company has expanded its product offerings and improved supply chain management, emphasizing efficiency and flexibility in general lighting products[33]. Research and Development - During the reporting period, the company added 129 new authorized patents, including 7 invention patents and 85 utility model patents[35]. - The company is actively participating in provincial and national R&D projects, focusing on the application of "IOT technology, new materials, and green low-carbon concepts" in lighting products[33]. - The company has established over 30 R&D teams focused on lighting products to meet diverse customer needs[46]. - The company has allocated 100 million for research and development in innovative lighting technologies[93]. - Research and development expenses for 2022 were approximately ¥156.43 million, slightly up from ¥152.21 million in 2021[190]. Market and Industry Trends - The global automotive market saw a total of approximately 10.65 million new energy vehicles sold in 2022, representing a year-on-year growth of about 63.6%[41]. - China's lighting industry accounted for 60% of the global market share, with the domestic market representing over 20% of the global lighting market[37]. - The general lighting industry is experiencing a decline in overall scale due to policy and external environmental impacts, but certain segments show significant growth potential[38]. - The company aims to strengthen its commercial lighting segment while consolidating its position in the consumer lighting market through customization, intelligence, and specialization[81]. Governance and Compliance - The company maintains a governance structure that ensures independence from its controlling shareholder, with no incidents of fund misappropriation reported[86]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal requirements[87]. - The company has established a strict insider information management system, ensuring compliance with regulations[89]. - The company emphasizes fair, timely, and accurate information disclosure to all shareholders[88]. - The audit committee, nomination committee, and remuneration committee are all chaired by independent directors, ensuring oversight[87]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 3.33 per 10 shares, totaling CNY 158,822,543.48, based on the total share capital as of December 31, 2022[6]. - The company has established a cash dividend policy that emphasizes reasonable returns to investors while considering the company's operational performance and sustainable development[113]. - The total remuneration for the chairman of the board is 2.2 million yuan, while the general manager's remuneration is 1.17 million yuan[91]. - The total remuneration for all directors, supervisors, and senior management in the company was 7.9341 million yuan[99]. Environmental and Social Responsibility - The company invested CNY 1,737,700 in environmental protection during the reporting period[125]. - The company reduced carbon emissions by 1,865 tons through the use of solar photovoltaic green electricity and green office practices[127]. - The company established a dedicated environmental protection department to manage daily environmental protection efforts and ensure compliance with pollution discharge standards[126]. Financial Management and Audit - The financial statements have been audited and reflect the company's financial position and operating results fairly as of December 31, 2022[168]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion[123]. - The company has implemented internal controls to ensure the financial statements are free from material misstatement due to fraud or error[175]. - The company has maintained a continuous audit relationship with Lixin Certified Public Accountants for 10 years[135]. Future Outlook - The company plans to expand its market presence by entering three new regions in 2023, aiming for a 20% increase in market share[93]. - Future guidance indicates a revenue target of 600 million for 2023, representing a growth of approximately 15%[93]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a focus on companies in the smart home technology sector[93].