Kersen(SH:603626)2023-03-29 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥3.42 billion, a decrease of 17.44% compared to ¥4.15 billion in 2021[23]. - Net profit attributable to shareholders was ¥86.78 million, down 76.48% from ¥369.03 million in the previous year[23]. - Basic earnings per share decreased by 77.46% to ¥0.16, down from ¥0.71 in 2021[24]. - The weighted average return on equity dropped to 2.86%, a decrease of 13.16 percentage points from 16.02% in 2021[24]. - The company's total assets decreased by 5.51% to ¥5.70 billion, down from ¥6.03 billion at the end of 2021[23]. - Non-operating income for 2022 was approximately ¥39.96 million, significantly lower than ¥276.19 million in 2021, primarily due to reduced government subsidies[27]. - The company reported a change in product structure leading to a decline in gross margin, impacting overall performance[25]. - The company's revenue for the reporting period was approximately ¥3.42 billion, a decrease of 17.44% compared to ¥4.15 billion in the previous year[48]. - Operating costs decreased by 13.70% to approximately ¥2.92 billion from ¥3.39 billion year-on-year[48]. - The net cash flow from operating activities increased by 137.49% to approximately ¥764.19 million, up from ¥321.78 million in the previous year[48]. Research and Development - The company's R&D investment exceeded 200 million yuan for the third consecutive year, strengthening its core competitiveness and industry position[33]. - The company has over 260 authorized patents, including more than 60 invention patents, showcasing its strong R&D and technical capabilities[39]. - R&D expenses were primarily allocated to over 40 projects, including high-precision laptop cooling modules and VR glasses[60]. - Research and development expenses decreased by 14.08% to approximately ¥201.61 million from ¥234.64 million year-on-year[48]. Market and Industry Trends - The global smartphone shipment in 2022 was approximately 1.2 billion units, a decline of 12% year-on-year[68]. - Global tablet shipments in 2022 totaled 162.1 million units, also down 12% compared to the previous year[68]. - The global PC market saw a 16.5% decline in shipments, totaling 292.3 million units in 2022[68]. - The smart watch market grew by 12% in 2022, with Apple holding a 60% market share[69]. - VR and AR device shipments fell by over 12% in 2022, totaling 9.6 million units[69]. - The global sales of new energy vehicles (NEVs) reached approximately 10.65 million units in 2022, reflecting a year-on-year increase of 63.6%, with pure electric vehicles (BEVs) growing by 68.7% to 7.89 million units[77]. Corporate Governance - The company completed the election of the fourth board of directors and the fourth supervisory board on March 3, 2023, with new appointments including Xu Jingen as chairman and Tan Chai Hau as general manager[111]. - The company has appointed new financial leadership, with Fu Mei as the financial head and Zhu Daibing as the board secretary[111]. - The company is committed to maintaining strong corporate governance through the election of independent directors and supervisory board members[111]. - The total compensation for all directors, supervisors, and senior management during the reporting period amounted to 13.49 million yuan[115]. Environmental Responsibility - The company invested 4 million RMB in environmental protection during the reporting period[141]. - The company has established pollution prevention facilities that operate in compliance with environmental regulations, ensuring wastewater treatment meets standards[145]. - The company has implemented a comprehensive emergency response plan for environmental incidents, in accordance with national regulations[148]. - The company has reported no exceedances in pollutant discharge limits during the reporting period[144]. Strategic Initiatives - The company plans to focus on improving operational efficiency and exploring new market opportunities to counteract the declining revenue trend[25]. - The company is actively participating in the foldable smartphone hinge market, which is expected to become a significant growth area due to the increasing market penetration of foldable smartphones[34]. - The company has made strategic investments in the new energy vehicle sector, including a 30 million yuan investment in Qingtao Energy and the establishment of two wholly-owned subsidiaries focused on energy storage products[35]. - The company plans to expand its product applications in consumer electronics, medical devices, and new energy vehicles, while also developing a storage production platform to create new revenue streams[88]. Risk Management - The company faces challenges in maintaining profitability amid fluctuating raw material and labor costs, and plans to optimize production processes and increase automation to enhance efficiency[92]. - The company faces customer concentration risk, with the top five customers accounting for a significant portion of revenue, which could impact performance if their business situations change[93]. - The company is exposed to downstream industry and product volatility risks, particularly in the consumer electronics sector, which has seen a slowdown in shipment volumes, potentially affecting future performance[94]. - Intense market competition exists in the precision structure manufacturing sector, with numerous competitors possessing advanced technology and strong financial backing, which could impact the company's market position[96].