Laimu Electronics(SH:603633)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 reached ¥930,622,145.84, representing a 35.75% increase compared to ¥685,544,158.48 in 2021[20]. - Net profit attributable to shareholders was ¥68,350,873.74, a 43.22% increase from ¥47,724,881.37 in the previous year[20]. - The basic earnings per share for 2022 was ¥0.24, up 33.33% from ¥0.18 in 2021[21]. - The total assets of the company increased by 52.30% to ¥2,881,138,110.60 at the end of 2022, compared to ¥1,891,809,582.85 at the end of 2021[20]. - The company's net assets attributable to shareholders increased by 68.17% to ¥1,859,448,832.56 at the end of 2022, compared to ¥1,105,663,907.94 at the end of 2021[20]. - The net profit after deducting non-recurring gains and losses for 2022 was ¥67,487,412.23, a 49.78% increase from ¥45,056,306.06 in 2021[20]. - The company achieved operating revenue of 930.62 million yuan, a year-on-year increase of 35.75%[31]. - Net profit attributable to shareholders reached 68.35 million yuan, up 43.22% year-on-year[31]. - Main business revenue reached 893.60 million yuan, up 38.35% year-on-year, while main business costs increased by 40.96% to 684.84 million yuan[48]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.65 per 10 shares, totaling RMB 21,340,540.91, which accounts for 31.22% of the net profit attributable to shareholders for 2022[5]. - The company has established a profit distribution policy that emphasizes stable and continuous returns to investors, with a focus on maintaining sustainable development[128]. - The company plans to prioritize cash dividends in its profit distribution methods, with conditions for cash dividends including positive distributable profits and an unqualified audit report[129]. - The company’s profit distribution policy requires that cash dividends be distributed when the company is profitable and meets the cash dividend conditions[134]. - The company has established a mechanism for independent directors to gather opinions from minority shareholders regarding dividend proposals[131]. - The company has not proposed a cash profit distribution plan for the reporting period despite being profitable, and must disclose the reasons and intended use of undistributed profits[135]. Research and Development - The company has consistently focused on R&D, developing new high-voltage, high-current, and high-frequency connectors since entering the automotive connector market in 2010[29]. - The company has increased R&D investment, developing high-voltage and high-current connectors, as well as high-speed connectors for applications in new energy vehicles and intelligent driving systems[32]. - R&D expenses increased by 36.15% to 56.23 million yuan, reflecting the company's commitment to expanding its R&D team[48]. - The total R&D expenditure for the current period is ¥56,230,537.98, which represents 6.04% of the operating revenue[59]. - The number of R&D personnel is 214, accounting for 10.38% of the total workforce[61]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company’s board of directors and management have confirmed the accuracy and completeness of the annual report[9]. - The board of directors held five meetings in 2022, ensuring compliance with legal and regulatory requirements[99]. - The audit committee, consisting of independent directors, held four meetings in 2022 to oversee financial reporting and compliance[100]. - The company’s independent directors actively participated in decision-making and risk management, contributing to improved corporate governance[100]. Market and Competitive Position - The company has established supply relationships with major automotive parts manufacturers, including Valeo and BYD, and its products are used in various well-known automotive brands[34]. - The automotive connector market is a significant segment, with increasing demand driven by higher safety, environmental, and comfort standards in vehicles[37]. - The company has a strong competitive advantage in R&D, with over 100 patents and capabilities to develop new products in sync with international automotive manufacturers[41]. - The company has established a strong customer base, supplying to major automotive manufacturers such as Valeo, BYD, and NIO, enhancing its core competitiveness[45]. Risks and Challenges - The company has outlined potential risks in the management discussion and analysis section of the report[8]. - The company faces risks from market demand fluctuations, particularly in the automotive and mobile phone sectors, which could adversely affect downstream clients and overall performance[88]. - The company must continuously innovate and expand its product offerings to maintain profitability, as new client certification and product development can be time-consuming and costly[89]. - The company is exposed to raw material price fluctuations, particularly for precision electronic copper strips and plastic particles, which significantly impact overall production costs[92]. Financial Management - The company has implemented a comprehensive risk assessment process to identify and respond to operational, environmental, and financial risks[141]. - The company has a budget control system in place to monitor financial activities and ensure compliance with authorization[144]. - The company has strengthened its management over subsidiaries to improve overall coordination and governance quality[145]. Shareholder Information - The total number of shares held by the board members at the end of the reporting period remained unchanged at 34,310,838 shares[104]. - The total pre-tax remuneration for the board members during the reporting period amounted to 4.556 million yuan[104]. - The company has a total of 2,061 employees, with 1,011 in the parent company and 1,050 in major subsidiaries[124]. - The company has a diverse board with a mix of experienced professionals from various backgrounds[104]. Environmental and Social Responsibility - The company invested 3.7154 million yuan in environmental protection during the reporting period[147]. - The company implemented carbon reduction measures, successfully reducing carbon dioxide equivalent emissions by 826 tons[150]. - The company donated 39.68 million yuan worth of food to residents in Shanghai, benefiting 15,000 people[150].