KEBODA(SH:603786)2023-04-20 16:00Financial Performance - The company's operating revenue for 2022 was ¥3,383,917,636.13, representing a year-on-year increase of 20.57% compared to ¥2,806,508,746.01 in 2021[16]. - The net profit attributable to shareholders for 2022 was ¥450,245,979.13, a 15.78% increase from ¥388,895,248.41 in 2021[16]. - The basic earnings per share for 2022 was ¥1.1203, up 15.26% from ¥0.972 in 2021[17]. - The diluted earnings per share for 2022 was ¥1.1160, reflecting a 14.81% increase from ¥0.972 in 2021[17]. - The weighted average return on equity for 2022 was 10.93%, an increase of 1.03 percentage points from 9.9% in 2021[17]. - The total assets at the end of 2022 were ¥5,295,053,048.35, a 9.05% increase from ¥4,855,608,776.51 at the end of 2021[16]. - The net assets attributable to shareholders at the end of 2022 were ¥4,157,530,913.04, a 1.90% increase from ¥4,079,955,618.78 at the end of 2021[16]. - The company reported a quarterly revenue of ¥963,583,200.46 in Q4 2022, contributing to the overall annual growth[19]. - The company achieved operating revenue of CNY 3,383,917,636.13 in 2022, representing a year-on-year increase of 20.57%[42]. - The net profit attributable to shareholders was CNY 450,250,000, an increase of 15.78% compared to the previous year[41]. Cash Flow and Investments - The net cash flow from operating activities decreased by 102.56% to -¥10,795,326.49 in 2022, down from ¥421,148,768.82 in 2021[16]. - The company’s cash flow from operating activities showed a significant decline, with a net outflow of CNY 10,795,326.49, down from a positive cash flow of CNY 421,148,768.82 in the previous year[42]. - The company’s investment activities generated a net cash flow of -¥3,045,761.70, a decline of 103.26% compared to the previous year[57]. - The company reported a total of 1,038.5 million RMB in bank wealth management using self-owned funds, with an expected return of 785,616.44 RMB at an annualized yield of 3.10%[170]. - The company also utilized raised funds amounting to 732 million RMB in bank wealth management, with an expected return of 891,780.82 RMB at an annualized yield of 3.50%[170]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 5 RMB per 10 shares, totaling 202,049,000 RMB (including tax) based on a total share capital of 404,098,000 shares as of December 31, 2022[4]. - The total cash dividend amount distributed in 2022 was ¥202,049,000, which is 44.88% of the net profit attributable to ordinary shareholders[123]. - The company reported a total of 51,311,300 shares outstanding, with an increase in user data reflecting a growing customer base[92]. - The largest shareholder, Kebo Da Investment Holdings Limited, holds 239,449,043 shares, representing 59.26% of total shares[189]. - The second-largest shareholder, Ke Guihua, holds 25,655,234 shares, accounting for 6.35% of total shares[189]. Research and Development - R&D expenses accounted for 11.06% of operating revenue, reflecting the company's commitment to innovation in key technologies such as chassis control and intelligent actuators[27]. - R&D expenses increased by 23.15% to CNY 374,405,061.85, reflecting the company's commitment to innovation and product development[42]. - The company employed 978 R&D personnel, accounting for 40% of the total workforce[55]. - The company is actively pursuing cutting-edge technology development, including advancements in fifth-generation lighting control technology and carbon dioxide valves[78]. Market and Sales Performance - The company secured 91 new project designations from major clients, with an expected total lifecycle sales of over 150 million units, including 8 global projects from BMW, Audi, and others, projected to yield over 87 million units[25]. - The company’s old businesses, such as headlight controllers and electromagnetic valves, experienced growth rates of 20%, 26%, and 33% respectively, while new businesses like ambient lighting and cabin data power products saw growth rates of 74%, 81%, and 4445%[26]. - Domestic sales amounted to CNY 2,198,983,026.17, reflecting a year-on-year growth of 21.52%, while international sales reached CNY 1,077,268,495.36, up 15.82%[45]. - The company has become an A-level supplier for major automotive manufacturers, including Volkswagen Group and Audi, strengthening its market position[37]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhonghua Certified Public Accountants[3]. - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[2]. - The company held one shareholders' meeting during the reporting period, with all 16 proposals approved, indicating strong governance and shareholder support[89]. - The company has established a governance structure that complies with regulatory requirements, ensuring no significant omissions or irregularities[132]. Risks and Challenges - The company faces risks from industry and market fluctuations, as its sales are closely tied to the cyclical nature of the automotive industry[79]. - Raw material price volatility poses a risk to the company's production costs and profit margins, impacting overall financial performance[80]. - The company is exposed to risks from technological iterations, as failure to innovate could adversely affect its core competitiveness and future growth[81]. - Currency exchange rate fluctuations present a risk due to the high proportion of foreign sales, primarily settled in USD and EUR[82]. Social Responsibility and Environmental Impact - The company invested 52 million RMB in environmental protection during the reporting period[133]. - The company reduced carbon emissions by over 2,600 tons CO2e through various energy-saving projects and the use of self-generated green electricity[135]. - The company provided 25 million RMB in donations for social responsibility projects, benefiting 50 students from impoverished backgrounds[139]. - The company has initiated greenhouse gas inventory assessments to identify major emission sources for future carbon reduction planning[136]. Strategic Initiatives - The company is focused on enhancing its global supply chain resilience through innovation and international cooperation, adapting to new technologies and business models in the automotive industry[32]. - The company plans to expand its product matrix around electrification and intelligence, increasing the average vehicle value by enhancing existing product lines and introducing new ones[75]. - The company is investing in a new industrial base in Anhui, covering 120 acres, to support production for major clients like BYD and NIO, enhancing domestic production capacity[76]. - The company is exploring partnerships to leverage synergies and enhance its competitive edge in the market[92].