DIBAY(SH:603320)2023-04-12 16:00Financial Performance - In 2022, the company's operating revenue was CNY 1,000,457,586.03, a decrease of 12.09% compared to CNY 1,138,090,441.42 in 2021[25]. - The net profit attributable to shareholders was CNY 34,197,689.19, down 56.50% from CNY 78,616,536.39 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 26,622,564.62, a decrease of 54.67% from CNY 58,728,644.50 in 2021[25]. - The company's basic earnings per share decreased by 56.67% to CNY 0.26 in 2022 compared to CNY 0.60 in 2021[26]. - The weighted average return on equity fell to 4.35% in 2022, down 6.13 percentage points from 10.48% in 2021[26]. - Total revenue for the year was CNY 1 billion, representing a 12.09% decline year-on-year[34]. - The net profit attributable to shareholders for Q4 2022 was CNY 1.55 million, a significant decline from previous quarters[28]. - The company achieved operating revenue of 1 billion CNY, a year-on-year decrease of 12.09%[35]. - Net profit attributable to shareholders was 34.2 million CNY, down 56.50% year-on-year; net profit after deducting non-recurring gains and losses was 26.6 million CNY, a decrease of 54.67%[35]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to CNY 119,346,205.99, up 297.06% from CNY 30,057,515.60 in 2021[25]. - As of the end of 2022, the total assets were CNY 1,258,899,905.50, a slight decrease of 0.74% from CNY 1,268,264,779.79 at the end of 2021[25]. - The net assets attributable to shareholders increased to CNY 792,375,820.52, up 1.06% from CNY 784,043,579.49 at the end of 2021[25]. - The company's cash flow from operating activities was 119.3 million CNY, reflecting a significant increase of 297.06% year-on-year[36]. - Cash and cash equivalents increased to CNY 285,914,883.10, a 31.11% rise compared to CNY 218,064,431.61 from the previous year[67]. - The total current assets decreased slightly to RMB 789,698,458.27 from RMB 804,269,250.02 in the previous year, representing a decline of about 1.4%[193]. - The fixed assets rose to RMB 390,825,444.58 from RMB 253,861,643.77, marking an increase of around 53.8%[193]. Sales and Market Performance - The company sold 14.9 million compressor motors in 2022, a decrease of 6.76% compared to the previous year[34]. - Domestic refrigerator sales dropped by 12.6% to 75.58 million units in 2022[34]. - Global refrigerator production fell by 10.2% to 204.76 million units in 2022[34]. - The company anticipates a slight stable growth in market size in the long term despite the current downturn[34]. - The company plans to achieve sales of 15.2 million compressor motors and generate revenue of 1.005 billion yuan in 2023[80]. Research and Development - The company invested 44.6 million CNY in R&D, completing 15 new product development projects and obtaining 15 patent authorizations[35]. - The company’s R&D expenses were CNY 44.6 million, a slight decrease of 1.68% compared to the previous year[46]. - The company is focusing on enhancing the efficiency and energy-saving capabilities of compressor motors, with the COP of reciprocating refrigerator compressors improving from around 1.0 to over 2.0 in recent years[76]. - The company has established a strong professional R&D team to support new technology application and product development, which is crucial for maintaining competitive advantage[83]. Corporate Governance and Compliance - The audit report issued by the accounting firm was a standard unqualified opinion, ensuring the accuracy of the financial report[6]. - The company has implemented a robust corporate governance structure to ensure compliance with legal regulations and protect shareholder rights[86]. - The company held its annual general meeting on May 6, 2022, where several key resolutions were passed, including the approval of the 2021 financial statements and the 2022 financial budget[91]. - The company has maintained a consistent shareholding structure with no new shares issued during the reporting period[93]. - The company has not reported any significant risks or dissenting opinions from the supervisory board during the reporting period[113]. Social Responsibility and Environmental Impact - The company plans to donate 1 million CNY annually to local charities for five years, demonstrating its commitment to social responsibility[36]. - The company invested 360,000 yuan in environmental protection during the reporting period[129]. - The company reduced carbon emissions by 4,730 tons through measures such as using clean energy and developing new products[132]. - The new rooftop photovoltaic power generation project has a capacity of 4M, generating approximately 4 million kWh of electricity in 2022[133]. Future Outlook and Strategy - The company aims to enhance internal management and core competitiveness to ensure sustainable and healthy development amid economic challenges[80]. - The company will focus on high-end products and quality customers, particularly in the high-end variable frequency market, commercial market, and vehicle-mounted mobile refrigeration market[79]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $50 million allocated for potential deals[95]. - The company is committed to becoming a global leader in compressor motors by optimizing its product structure and expanding its market share in high-end household and commercial refrigeration and heating equipment[79].